secwatch.observer — SEC 8-K summary
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Issuer:     HeartCore Enterprises, Inc. (HTCR)
CIK:        0001892322
Form:       8-K
Filed at:   2023-03-30T23:59:59+00:00
Accession:  0001493152-23-009749
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

HeartCore Q4 revenue $2.0M, net loss $1.4M; full year net loss $6.7M
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- Q4 2022 revenue $2.0M (down from $2.4M YoY); net loss $1.4M ($0.08/diluted share) vs loss $742k ($0.05) YoY.
- Full year 2022 revenue $8.8M (down from $10.8M); net loss $6.7M ($0.37/diluted share) vs loss $327k ($0.02) YoY.
- Cash and equivalents $7.2M at Dec 31, 2022, up from $3.1M at Dec 31, 2021.
- Operational highlights: 903 enterprise customers; acquired 51% of Sigmaways; signed 9 Go IPO clients.
- CEO expects 2023 to be an inflection point; Go IPO client SBC Medical valued at $1.2B, warrants valued ~$32.4M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1892322/000149315223009749/0001493152-23-009749-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1892322/000149315223009749/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-009749

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