earnings
confidence high
sentiment positive
materiality 0.85
HeartCore Q3 revenue $17.9M (+281% YoY), net income $10.8M vs loss a year ago
HeartCore Enterprises, Inc.
2024-Q3 EPS
reported $0.37
vs consensus $9.18
▼ miss
(-96.0%)
- Q3 revenue $17.9M (+281% YoY); net income $10.8M ($0.53 diluted EPS) vs net loss of $2.5M a year ago.
- Gross profit surged 1,640% to $14.4M; operating expenses fell to $2.3M from $2.6M.
- Go IPO consulting drove results: two clients listed on Nasdaq; warrants/shares contributed to income.
- Authorized second dividend of $0.02 per share; transitioned to multi-year software contracts and SaaS delivery.
- Cash $1.2M at Sep 30 vs $1.0M at Dec 31, 2023.