HeartCore Q2 revenue up 91% to $5.1M; net loss narrows to $1.0M, EPS -$0.04

HeartCore Enterprises, Inc.

2023-Q2 EPS reported $0.05 revenue$13,829,523

Q2 revenue $5.1M (+91% YoY); net loss $1.0M ($0.04 loss per share) vs $1.7M loss YoY.
Six months revenue $13.8M (+180% YoY); net income $785k ($0.05 EPS) vs $3.3M loss YoY.
Gross margin fell to 30% in Q2 from 50% a year ago; six-month margin held at 52%.
Signed tenth Go IPO consulting agreement with rYojbaba Inc.; partnerships with Toppan, INTRIX, Honda Trading.
Cash and equivalents $4.2M as of June 30, 2023, down from $7.2M at Dec 31, 2022.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

HeartCore Enterprises, Inc. reported the second quarter ended June 30, 2023 results: revenue $5.1 million, net income $1.0 million or $(0.04) per diluted share, EPS $(0.04) per diluted share.

Period: the second quarter ended June 30, 2023
Revenue: $5.1 million
Net income: $1.0 million or $(0.04) per diluted share
EPS: $(0.04) per diluted share
Result: reported results

Exact text from the filing

encouraged by the results we’ve generated year to date and expect an even stronger end to the calendar year.” Second Quarter 2023 Financial Results Revenues increased 91% to $5.1 million compared to $2.7 million in the same period last year. The increase was primarily due to increased revenue from customized software development and services as a result of

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

HeartCore Enterprises, Inc. reported the six months ended June 30, 2023 results: revenue $13.8 million, net income Net income was about $785,000 or $0.05 per diluted share, EPS $0.05 per diluted share.

Period: the six months ended June 30, 2023
Revenue: $13.8 million
Net income: Net income was about $785,000 or $0.05 per diluted share
EPS: $0.05 per diluted share
Result: reported results

Exact text from the filing

30, 2023, the Company had cash and cash equivalents of $4.2 million compared to $7.2 million in December 31, 2022. Six Months 2023 Financial Results Revenues increased 180% to $13.8 million compared to $4.9 million in the same period last year. The increase was primarily due to increased revenue from customized software development and services as a result of

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HeartCore Enterprises, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-23-028045

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