HeartCore Q2 revenue down 20% to $4.1M, net loss widens to $2.2M; dividend authorized

HeartCore Enterprises, Inc.

2024-Q2 EPS reported -$0.16 revenue$9,113,120

Net loss of $2.2M ($0.09 diluted EPS) vs net loss of $1.0M ($0.04) in Q2 2023.
Revenue of $4.1M, down from $5.1M YoY, driven by yen depreciation and lower maintenance services.
Organic software business grew over 20% YoY; management expects 30% growth for full year 2024.
Second dividend of $0.02 per share authorized; first dividend paid on May 3, 2024.
Sold Go IPO client warrant for $9M (revenue upon listing expected Fall 2024); signed 14th Go IPO client.

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