HeartCore Enterprises Reports 16.7% Revenue Increase and $1.1 Million Net Income for Q2 2025

Reuters
Aug 14
<a href="https://laohu8.com/S/HTCR">HeartCore Enterprises</a> Reports 16.7% Revenue Increase and $1.1 Million Net Income for <a href="https://laohu8.com/S/QTWO">Q2</a> 2025

HeartCore Enterprises Inc., a Tokyo-based enterprise software and consulting services company, announced its financial results for the second quarter and six months ended June 30, 2025. The company's revenues for the second quarter increased by 16.7% to $4.7 million, compared to $4.1 million in the same period last year. This growth was driven by increased sales of on-premise software, particularly CMS licenses, and expanded efforts in the SaaS business in Japan. Net income for the second quarter was reported at $1.1 million, a significant turnaround from a net loss of $2.2 million in the same period last year. The improved financial performance was attributed to higher revenue and gross profit, alongside a strategic reduction in operating expenses. For the first half of 2025, revenues were $8.3 million, down from $9.1 million in the same period last year. The company reported a net loss of $2.1 million for the six months ended June 30, 2025, compared to a loss of $3.7 million in the same period last year. Adjusted EBITDA for the six-month period improved to $(1.1) million from $(1.6) million in the prior year. As of June 30, 2025, HeartCore's cash and cash equivalents totaled $2.3 million, up from $2.1 million on December 31, 2024. The company's total shareholders' equity reached $3.5 million, meeting the minimum stockholders' equity requirement for continued listing on the Nasdaq Capital Market. The company highlighted its strategic shift towards IPO consulting services and efforts in expanding its SaaS business as key operational focuses.

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