---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-028045"
form_type: "8-K"
ticker: "HTCR"
cik: "0001892322"
company_name: "HeartCore Enterprises, Inc."
filed_at: "2023-08-14T23:59:59+00:00"
generated_at: "2026-06-11T12:58:19.258494+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-23-028045
- form_type: 8-K
- ticker: HTCR
- cik: 0001892322
- company_name: HeartCore Enterprises, Inc.
- filed_at: 2023-08-14T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1892322/000149315223028045/0001493152-23-028045-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1892322/000149315223028045/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-028045
- JSON: https://secwatch.observer/filing/0001493152-23-028045.json
- Plain text: https://secwatch.observer/filing/0001493152-23-028045.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1892322/000149315223028045/0001493152-23-028045-index.htm
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1892322/000149315223028045/0001493152-23-028045-index.htm

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