Financial Snapshot

Revenue
$17.13M
TTM
Gross Margin
20.17%
TTM
Net Earnings
-$8.445M
TTM
Current Assets
Q2 2024
Current Liabilities
Q2 2024
Current Ratio
71.74%
Q2 2024
Total Assets
Q2 2024
Total Liabilities
Q2 2024
Book Value
$3.762M
Q2 2024
Cash
Q2 2024
P/E
-1.620
Sep 18, 2024 EST
Free Cash Flow
-$4.808M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019
Revenue $21.85M $8.818M $10.82M $9.026M $7.209M
YoY Change 147.73% -18.52% 19.9% 25.21%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019
Revenue $21.85M $8.818M $10.82M $9.026M $7.209M
Cost Of Revenue $13.78M $5.467M $5.635M $5.008M $4.548M
Gross Profit $8.067M $3.351M $5.188M $4.018M $2.661M
Gross Profit Margin 36.93% 38.0% 47.93% 44.52% 36.92%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019
Selling, General & Admin $10.50M $9.406M $4.618M $3.448M $3.596M
YoY Change 11.64% 103.69% 33.92% -4.09%
% of Gross Profit 130.16% 280.68% 89.02% 85.82% 135.1%
Research & Development $1.019M $641.0K $510.7K $311.1K $332.7K
YoY Change 58.99% 25.51% 64.2% -6.51%
% of Gross Profit 12.63% 19.13% 9.85% 7.74% 12.5%
Depreciation & Amortization $683.0K $83.33K $105.4K $114.5K $124.4K
YoY Change 719.63% -20.93% -7.93% -7.99%
% of Gross Profit 8.47% 2.49% 2.03% 2.85% 4.67%
Operating Expenses $12.19M $10.05M $5.129M $3.759M $3.928M
YoY Change 21.29% 95.9% 36.42% -4.3%
Operating Profit -$4.119M -$6.696M $59.01K $258.7K -$1.267M
YoY Change -38.48% -11447.36% -77.19% -120.42%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019
Interest Expense -$707.9K $41.80K -$36.28K -$46.49K -$48.68K
YoY Change -1793.47% -215.21% -21.96% -4.5%
% of Operating Profit -61.48% -17.97%
Other Income/Expense, Net -$183.2K $12.70K -$7.830K $15.06K -$1.540K
YoY Change -1542.69% -262.13% -151.99% -1077.92%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019
Pretax Income -$5.010M -$6.683M $14.90K $227.3K -$1.317M
YoY Change -25.03% -44954.93% -93.44% -117.26%
Income Tax -$133.7K -$5.918K $342.0K $72.22K -$56.06K
% Of Pretax Income 2294.97% 31.78%
Net Earnings -$4.190M -$6.677M -$338.2K $151.0K -$1.224M
YoY Change -37.25% 1874.65% -324.01% -112.34%
Net Earnings / Revenue -19.18% -75.72% -3.12% 1.67% -16.97%
Basic Earnings Per Share -$0.21 -$0.37 -$0.02 $0.01
Diluted Earnings Per Share -$0.21 -$0.37 -$0.02 $0.01 -$64.68K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019
Cash & Short-Term Investments $1.955M $7.177M $3.137M $3.058M $535.3K
YoY Change -72.76% 128.81% 2.57% 471.31%
Cash & Equivalents $1.012M $7.177M $3.137M $3.058M $535.3K
Short-Term Investments $942.4K
Other Short-Term Assets $771.6K $758.3K $460.1K $472.7K $471.3K
YoY Change 1.76% 64.83% -2.67% 0.29%
Inventory
Prepaid Expenses
Receivables $2.624M $551.1K $961.0K $708.5K $906.9K
Other Receivables $144.8K $48.45K $58.90K $36.13K $18.28K
Total Short-Term Assets $5.495M $8.535M $4.617M $4.275M $1.932M
YoY Change -35.62% 84.87% 7.98% 121.32%
Property, Plant & Equipment $3.232M $2.849M $3.581M $4.669M $4.872M
YoY Change 13.45% -20.46% -23.29% -4.18%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $2.004M
YoY Change
Other Assets $717.9K $508.4K $585.0K $1.012M $1.039M
YoY Change 41.22% -13.09% -42.19% -2.58%
Total Long-Term Assets $14.13M $3.603M $4.506M $6.081M $6.011M
YoY Change 292.09% -20.04% -25.9% 1.16%
Total Assets $19.62M $12.14M $9.123M $10.36M $7.943M
YoY Change
Accounts Payable $1.757M $497.7K $646.4K $269.9K $307.2K
YoY Change 253.0% -23.0% 139.53% -12.15%
Accrued Expenses $1.120M $652.1K $587.4K $647.0K $617.5K
YoY Change 71.73% 11.02% -9.22% 4.79%
Deferred Revenue
YoY Change
Short-Term Debt $698.7K $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $389.2K $717.2K $887.5K $991.0K $677.0K
YoY Change -45.73% -19.19% -10.45% 46.38%
Total Short-Term Liabilities $6.512M $3.648M $4.554M $3.667M $3.590M
YoY Change 78.51% -19.9% 24.19% 2.14%
Long-Term Debt $1.837M $1.124M $1.895M $3.096M $2.086M
YoY Change 63.42% -40.69% -38.77% 48.39%
Other Long-Term Liabilities $2.344M $2.559M $3.233M $4.198M $4.349M
YoY Change -8.41% -20.84% -23.0% -3.46%
Total Long-Term Liabilities $4.181M $3.683M $5.128M $7.294M $6.435M
YoY Change 13.51% -28.18% -29.69% 13.35%
Total Liabilities $14.46M $7.331M $9.682M $11.31M $10.38M
YoY Change 97.22% -24.28% -14.43% 9.05%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019
Basic Shares Outstanding 20.40M shares 17.92M shares 15.24M shares 14.48M shares
Diluted Shares Outstanding 20.40M shares 17.92M shares 15.24M shares 14.76M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Dividends

Dividends

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Stock Price

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Market Cap: $13.679 Million

About HeartCore Enterprises Inc

HeartCore Enterprises, Inc. operates as a software development company. The company is headquartered in Shinagawa-Ku, Tokyo-To and currently employs 99 full-time employees. The company went IPO on 2022-02-10. The firm operates through two business units. The Customer Experience Management (CXM) Platform includes marketing, sales, service and content management systems, as well as other tools and integrations, that enable companies to attract and engage customers throughout the customer experience. The firm also provides education, services and support to help customers be successful with the CXM Platform. The Digital Transformation business is engaged in the provision of customers with robotics process automation, process mining and task mining to accelerate the digital transformation of enterprises. The firm have an ongoing technology innovation team to develop software that supports the narrow needs of large enterprise customers.

Industry: Services-Computer Processing & Data Preparation Peers: