Welcome to our dedicated page for HEARTCORE ENTERPRISES news (Ticker: HTCR), a resource for investors and traders seeking the latest updates and insights on HEARTCORE ENTERPRISES stock.
HeartCore Enterprises Inc (HTCR) delivers enterprise software solutions through its CXM platform and digital transformation services. This news hub provides investors and stakeholders with essential updates about the company's strategic initiatives and market position.
Track material developments including earnings announcements, product innovations, partnership agreements, and leadership updates. Our curated feed consolidates press releases and verified news to help you monitor HTCR's SaaS transition progress and consulting service expansions.
Expect comprehensive coverage of customer experience management advancements, DX division robotics implementations, and cloud infrastructure developments. The repository also features updates on GO IPO advisory services and regulatory filings.
Bookmark this page for streamlined access to HeartCore's corporate communications. Combine these timely updates with our company overview to maintain informed perspectives on this enterprise software provider.
HeartCore Enterprises will present at the H.C. Wainwright 24th Annual Global Investment Conference from September 12-14, 2022, at the Lotte New York Palace Hotel. The company's management is set to present on September 12 at 5:00 p.m. ET, with options for hybrid or in-person one-on-one meetings throughout the event. The presentation will be available for live streaming and replay. HeartCore, based in Tokyo, specializes in Software as a Service (SaaS) solutions and customer experience management.
HeartCore Enterprises will participate in the Sidoti Micro-Cap Conference on August 17-18, 2022, presenting virtually. CEO Sumitaka Yamamoto is scheduled to present on August 17 at 1:45 p.m. Eastern time, with a replay available online. Attendees can register for the presentation and request one-on-one meetings via the Sidoti website. HeartCore specializes in software development, offering SaaS solutions and data analytics services globally. More details can be found on their website.
HeartCore Enterprises reported its Q2 2022 financial results, showing revenues of $2.7 million, down from $2.9 million year-over-year. This revenue decline resulted from a 14% depreciation of the Yen versus the U.S. dollar, despite a 6% increase in Yen-based sales. Gross profit fell to $1.3 million with a gross margin of 50%. Operating expenses surged to $3 million, leading to a net loss of $1.7 million, or $(0.09) per share. However, HeartCore successfully grew its global enterprise customer base to 877 and launched several innovative products. The company also initiated a $3.5 million share repurchase program.
HeartCore Enterprises has unveiled the truRes-12K, the first 12K-compatible real-time 360° VR camera, targeting industries like medical, manufacturing, aerospace, e-commerce, and travel. This innovation aims to address issues with lower-resolution VR cameras that can cause user discomfort. The truRes-12K combines advanced camera, chipset, and processing technologies for superior image quality. CEO Sumitaka Kanno emphasizes the need for high-resolution imagery to enhance user experience in VR and AR environments. The company plans to advance beyond 12K technology in the future.
HeartCore Enterprises has launched Robot Store, an e-commerce platform providing Robotic Automation Process (RPA) services to enterprise customers in Japan. The store offers various ready-to-use automation tools for tasks such as invoice processing and employee onboarding. This initiative addresses rising customer demands for automation and digital transformation, enhancing operational efficiency and cost reduction. CEO Sumitaka Kanno emphasized the company's commitment to facilitating digital advancement for its clients. However, there's no guarantee that clients will achieve their RPA goals.
HeartCore Enterprises has launched the HR Digital Transformation Development Service, aimed at assisting enterprise customers in enhancing their HR processes through digital transformation. This program lasts two months and focuses on improving digital literacy, automating business processes, and data visualization. Following the training, HeartCore will provide ongoing support to boost clients' technological proficiency. CEO Sumitaka Yamamoto emphasized the gap in digital transformation understanding among corporations and the company's commitment to optimizing operational efficiency.
HeartCore Enterprises has authorized a $3.5 million share repurchase program, signaling confidence in its long-term growth potential. CEO Sumitaka Yamamoto emphasized the strength of its core CMS and Digital Transformation businesses, along with the new Go IPO consulting service, as key drivers for expansion in 2022. The repurchase will be funded through existing cash balances, with purchases made on a discretionary basis based on operational cash flows and market conditions. This initiative aims to align the share price with the company's perceived fair value amidst anticipated earnings growth.
HeartCore Enterprises has signed a Consulting Agreement with SYLA Holdings for its Go IPO consulting service, marking its third such deal in two months. The agreement will aid SYLA in its Nasdaq listing process, generating $500,000 in fees for HeartCore over six months. Additionally, HeartCore received warrants to acquire 2% of SYLA's common stock. The company's CEO noted an uptick in Japanese firms seeking Nasdaq listings, indicating potential growth in market share.
HeartCore Enterprises reported Q1 2022 financial results, showcasing a 8% revenue increase to $2.3 million, from $2.1 million in Q1 2021. Gross profit surged 74% to $1.2 million, achieving a 54% gross margin. Despite this, a net loss of $1.6 million ($0.09 per share) was recorded, up from a net loss of $188,000 ($0.01 per share) year-over-year, attributed to increased operating expenses. The company expanded its customer base to 858 globally and completed an IPO, raising $15 million. Future revenues from IPO consulting agreements are anticipated for Q2 2022.
