---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-018530"
form_type: "8-K"
ticker: "HTCR"
cik: "0001892322"
company_name: "HeartCore Enterprises, Inc."
filed_at: "2023-05-22T23:59:59+00:00"
generated_at: "2026-06-14T18:35:56.642112+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# HeartCore Q1 revenue $8.7M (+284% YoY); net income $1.8M vs loss; strong Go IPO pipeline

## Summary
- Revenue $8.7M up 284% YoY; net income $1.8M ($0.10 diluted EPS) vs $1.6M loss.
- Gross margin 64% vs 54% a year ago; Go IPO business drove improvement.
- Acquired 51% of Sigmaways; Subaru Group deployed CMS for ~100 websites.
- CEO expects six more Go IPO closings in 2023, including SBC Medical Group (~$32.4M revenue).
- Cash $5.2M; total global enterprise customers reached 916.

## SEC filing metadata
- accession: 0001493152-23-018530
- form_type: 8-K
- ticker: HTCR
- cik: 0001892322
- company_name: HeartCore Enterprises, Inc.
- filed_at: 2023-05-22T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1892322/000149315223018530/0001493152-23-018530-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1892322/000149315223018530/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-018530
- JSON: https://secwatch.observer/filing/0001493152-23-018530.json
- Plain text: https://secwatch.observer/filing/0001493152-23-018530.txt

## Key facts
- Earnings Releases
  HeartCore Enterprises, Inc. reported the first quarter ended March 31, 2023 results: revenue $8.7 million, net income $1.8 million, EPS $0.10 per diluted share.
  - Period: the first quarter ended March 31, 2023
  - Revenue: $8.7 million
  - Net income: $1.8 million
  - EPS: $0.10 per diluted share
  - Result: reported results
  source text: I am very confident in our team’s ability to make 2023 the strongest year for HeartCore across several measures.” First Quarter 2023 Financial Results Revenues increased 284% to $8.7 million compared to $2.3 million in the same period last year. The increase was primarily due to the expansion of the Go IPO business, as a growing number of Japanese venture companies
  evidence_url: https://www.sec.gov/Archives/edgar/data/1892322/000149315223018530/0001493152-23-018530-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.