HeartCore FY2023 rev $21.8M (+148%), net loss $4.9M; authorizes dividend, 10 clients in Go IPO pipeline

HeartCore Enterprises, Inc.

2024-Q1 EPS reported -$0.06 revenue$5,046,732

Revenue $21.8M (+148% YoY); gross profit $8.1M (+140.7%); net loss $4.9M ($0.21/diluted share).
Cash and equivalents $1.0M at Dec 31, 2023 vs $7.2M a year earlier; operating expenses $12.2M.
Authorized inaugural dividend; sold Go IPO client warrant for $9M (Q1 2024 revenue); 10 companies in Go IPO pipeline.
Established HeartCore Luvina Vietnam JV (850 engineers) and AI Software Division; plans to expand globally in 2024.
Maintained #1 CMS market share in Japan for 8th consecutive year; partnership with TOPPAN Inc. for Dashiwake platform.

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 0.9

HeartCore Enterprises, Inc. reported financial results for fourth quarter and full year ended December 31, 2023.

Period: fourth quarter and full year ended December 31, 2023
Result: reported results

Exact text from the filing

On April 8, 2024, HeartCore Enterprises, Inc. (the “Company”) issued a press release announcing its financial results for the fiscal year ended December 31, 2023.

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HeartCore Enterprises, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-24-013951

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