HeartCore preliminary Q3 2024 revenue $17-19M vs $4.7M YoY; net income $9-11M vs loss of $2.5M

HeartCore Enterprises, Inc.

2024-Q3 EPS reported $0.37 vs consensus $9.18 ▼ miss (-96.0%)

Revenue expected $17-19M, up 263-305% YoY; net income $9-11M vs $2.5M loss in Q3 2023.
Go IPO business contributed $13-15M, mainly from warrants from SBC Medical Group listing.
Software Related Business revenue expected $4M; multi-year licensing agreements driving growth.
Nine-month revenue $26-28M, up 40-51% YoY; net income $5-7M vs $1.8M loss in 2023.
CEO says strongest quarter in company history; expects three more Go IPO deals closing next months.

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