secwatch.observer — SEC 8-K summary
======================================

Issuer:     HeartCore Enterprises, Inc. (HTCR)
CIK:        0001892322
Form:       8-K
Filed at:   2024-10-18T23:59:59+00:00
Accession:  0001493152-24-041501
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1892322/000149315224041501/0001493152-24-041501-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1892322/000149315224041501/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-041501

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer