---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-019353"
form_type: "8-K"
ticker: "HTCR"
cik: "0001892322"
company_name: "HeartCore Enterprises, Inc."
filed_at: "2024-05-15T23:59:59+00:00"
generated_at: "2026-06-01T23:41:11.945720+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# HeartCore Q1 revenue $5.0M (down 43% YoY); net loss $1.5M vs prior year net income $1.8M

## Summary
- Revenue $5.0M vs $8.7M YoY; decline due to lower Go IPO consulting from two clients listing on Nasdaq last year.
- Net loss of $1.5M ($0.06 diluted EPS) vs net income of $1.8M ($0.10 diluted EPS) in Q1 2023.
- Sold Go IPO client warrant for $9M in March; $5M received in Q1, $4M in April; revenue recognition deferred until client IPOs, expected Fall 2024.
- Software division turned profitable for the quarter; formed AI Software Development Division, signed three new Go IPO contracts.
- Paid first dividend of $0.02 per share on May 3, 2024; cash and equivalents $1.2M as of March 31, 2024.

## SEC filing metadata
- accession: 0001493152-24-019353
- form_type: 8-K
- ticker: HTCR
- cik: 0001892322
- company_name: HeartCore Enterprises, Inc.
- filed_at: 2024-05-15T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1892322/000149315224019353/0001493152-24-019353-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1892322/000149315224019353/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-019353
- JSON: https://secwatch.observer/filing/0001493152-24-019353.json
- Plain text: https://secwatch.observer/filing/0001493152-24-019353.txt

## Key facts
- Earnings Releases
  HeartCore Enterprises, Inc. reported the first quarter ended March 31, 2024 results: revenue $5.0 million, net income Net loss was about $1.5 million, EPS $(0.06) per diluted share.
  - Period: the first quarter ended March 31, 2024
  - Revenue: $5.0 million
  - Net income: Net loss was about $1.5 million
  - EPS: $(0.06) per diluted share
  - Result: reported results
  source text: Revenues were $5.0 million compared to $8.7 million in the same period last year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1892322/000149315224019353/0001493152-24-019353-index.htm

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