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NASDAQ: HTCR | Epic Profitability and Growth to Come ?!HeartCore Enterprises, Inc. (NASDAQ: HTCR) , a leading enterprise software and data consulting company based in Tokyo, is driving significant growth by transitioning to multi-year CMS licensing agreements. In a strategic shift, HTCR is moving from annual contracts to longer-term agreements, providing clients with extensive support and a robust CMS infrastructure. This change not only benefits customers but also ensures HTCR sustained profitability with recurring revenue streams. Impressively, HTCR’s Q3 2024 preliminary results show a remarkable increase, with revenue expected between $17 to $19 million, up over 263% from last year. Net income is set to reach $9 to $11 million, a strong turnaround from a $2.5 million loss in Q3 2023. A key contributor to this growth is the Go IPO business. HTCR reported $12 to $14 million in revenues from warrants issued by its client, SBC Medical Group Holdings. With three more IPOs slated for completion soon, HTCR anticipates further growth in this segment. HeartCore is also making waves in digital transformation. A new partnership with NTT Data Business Brains will leverage HTCR’s advanced CMS to enhance interactive and user-centric web experiences in Japan. In a recent press release, the CEO of the company highlighted - with multi-year contracts, HTCR is expected introduce a predictable revenue stream, boosting our profitability. We are excited about the opportunities this brings, and we remain committed to delivering exceptional results in the quarters ahead. With these interesting developments, it is no wonder why there is significant fund inflow into HTCR’s shares. Analysts from LightHouse Research has also given a BUY rating for the company.
NASDAQ:HTCRLong
by HASHInvests200
Strong Fund Flow Observed - HeartCore Enterprise Inc.Daily Chart of HeartCore Enterprise Inc. (BUY) Following the robust guidance from HTCR projecting revenue growth between $17 million and $19 million, alongside a significant increase in net income to between $9 million and $11 million, a notable inflow of funds was observed last Friday. This projected growth—representing increases of approximately 263% in revenue and 305% in net income—has captured investor attention, driven largely by HTCR's strong performance in its software business in Japan and its "Go IPO" initiative, which features around 12 companies poised for public offerings. From a technical analysis perspective, HTCR has successfully broken through key resistance levels at $0.98 and $1.00, with the $1.00 level now serving as a support. A golden cross was also observed on the 20/50 moving averages, indicating a bullish trend, which is further corroborated by the strong fund inflows represented by red and pink bars on the chart. Given these promising developments, we maintain a BUY rating on HTCR.
NASDAQ:HTCRLong
by HASHInvests200
HeartCore Announces Preliminary Third Quarter 2024 ResultsQ3 2024 Revenues Expected to Increase to Between $17 Million and $19 Million Q3 2024 Net Income Expected to Increase to Between $9 Million and $11 Million NEW YORK and TOKYO, Oct. 18, 2024 (GLOBE NEWSWIRE) -- HeartCore Enterprises, Inc. (Nasdaq: HTCR) (“HeartCore” or “the Company”), a leading enterprise software and data consulting services company based in Tokyo, announced select preliminary financial results for the third quarter ended September 30, 2024. These results are preliminary and unaudited, and are subject to all aspects of the final quarterly review process and may change as a result of new information that arises, or new determinations that are made, in this process. Based on preliminary unaudited results, the Company expects revenues for the third quarter of 2024 to be between $17 million and $19 million, representing an increase of between 263% and 305%, compared to $4.7 million in the same quarter last year. Revenues for the nine months ended September 30, 2024 are expected to be between $26 million and $28 million, representing an increase of between 40% and 51%, compared to $18.5 million for the same period last year. Net income is expected to be between $9 million and $11 million for the third quarter of 2024, compared to a net loss of $2.5 million in the same period last year. Net income for the nine months ended September 30, 2024 is expected to be between $5 million and $7 million, compared to a net loss of $1.8 million in the same period last year. HeartCore’s “Software Related Business” and “Go IPO Business” include the following revenue streams: Software Related Business Revenues from on-premise software Revenues from maintenance and support services Revenues from software as a service (“SaaS”) Revenues from software development and other miscellaneous services Revenues from customized software development and services Go IPO Business “I am pleased to announce robust preliminary results for this past third quarter, the strongest quarter in HeartCore’s history,” said the Company CEO Sumitaka Kanno. “This significant increase is primarily due to the recent public listing of our Go IPO client, SBC Medical Group Holdings Incorporated (“SBC”). The Company is expected to report approximately $12 to $14 million in revenues from warrants issued by SBC for our IPO consulting services. This Go IPO deal is the biggest achievement since the business’ inception and underscores the immense value our consulting business presents. Additionally, we have an incremental three Go IPO deals that are slated to close over the next several months, and with an optimistic outlook on the U.S. IPO market for Japanese companies, we look forward to the completion of these deals that are set to further strengthen our financial results. We also shifted toward proposing multi-year software licensing agreements to our customers starting in 2024, and these agreements corresponded to increased revenues in our Software Related Business. 2024 is set to be the strongest year in HeartCore history, and we remain committed to retaining this upward trend for future quarters and years ahead. We look forward to providing the full details of our third quarter 2024 financial results in mid-November.”
NASDAQ:HTCRLong
by HASHInvests200
HeartCore Partners with NTT Data Business BrainsExciting news from HeartCore Enterprises, Inc. (Nasdaq: HTCR)! The Tokyo-based enterprise software and data consulting company has entered into a strategic partnership with NTT Data Business Brains Corporation, a subsidiary of the well-known NTT Data group. This collaboration is set to take NTT Data Business Brains’ website development services to the next level. NTT Data Business Brains has built a strong reputation in Japan for constructing static websites, but with 84.9% of Japan's population using the internet and 78.1% engaged on social media, there's increasing demand for more interactive and user-centric online experiences. That’s where HeartCore’s CMS platform comes in. By integrating HeartCore's advanced CMS, NTT Data Business Brains will be able to offer dynamic and engaging websites, packed with modern features that today’s users expect. HeartCore’s CEO, Sumitaka Kanno, emphasized that this partnership is part of the company’s broader mission to help businesses modernize their digital presence. With this collaboration, HeartCore continues to expand its influence and reliability in Japan's rapidly evolving digital landscape.
NASDAQ:HTCRLong
by HASHInvests200
Technical Review - HeartCore Enterprise Inc. (14/10/2024)Upon breaking the key resistance of $0.80, a strong buying interest can be observed for HeartCore Enterprise Inc. (NASDAQ: HTCR). The money flow indicator (MCDX) also indicates strong institutional buying interest as shown in the red bar, with the current trailing price is trending well above EMA levels. We expect a continuous uptrend for HTCR ahead to challenge key resistance level of $1.00 over the mid term, which is our next TP. We remain positive and rated the company a Trading BUY at its current level.
NASDAQ:HTCRLong
by HASHInvests200
(Shared) HTCR is a Compelling Investment Opportunity in NasdaqHeartCore Enterprises, Inc. (HTCR) has positioned itself as a leader in the enterprise software and digital transformation space, making it an intriguing target for investors seeking exposure to innovative technology and growing markets. Listed on the NASDAQ, HeartCore is headquartered in Tokyo, Japan, and has diversified its business model to provide a range of Software-as-a-Service (SaaS) solutions, data analytics, and digital transformation services, along with a unique consulting service for assisting Japanese companies in listing on U.S. stock exchanges. Our investment thesis for HTCR is as below. Dominance in the Japanese CMS Market. HTCR’s Content Management System (CMS) platform has been the top-ranked solution in Japan for nine consecutive years, holding a 15.1% market share according to ITR Corporation. This leadership is a testament to HTCR ability to deliver innovative and reliable solutions, with over 700 Japanese companies using its CMS platform. Strategic Acquisitions Bolster U.S. Expansion. The previous acquisition of Sigmaways and Sabatini Global has expanded HTCR footprint into the U.S. market, creating new avenues for growth. These acquisitions have allowed the company to integrate advanced AI and software engineering capabilities into its offerings, enhancing its competitiveness and enabling it to penetrate new markets. Go IPO Business Segment. A unique aspect of HTCR business is its Go IPO service, which helps Japanese companies navigate the process of listing on U.S. stock exchanges. As of 2024, HeartCore has secured 14 clients for its Go IPO services, with four of these successfully completing their listings on Nasdaq (According to a research note by Lighthouse Research) This consulting business has generated substantial revenue, contributing 28% to HTCR’s 2023 revenue. It also offers an opportunity for HeartCore to build strong relationships with companies that may require ongoing digital solutions, fostering long-term partnerships and cross-selling opportunities. Focus on AI and Digital Transformation. HTCR’s AI software development division, launched in collaboration with its subsidiary Sigmaways, is another promising growth vector. This division focuses on developing AI-based solutions that cater to evolving client needs, such as predictive analytics, robotic process automation (RPA), and enhanced customer engagement strategies. As the global customer experience management market is projected to grow at a 15.2% CAGR, reaching $47.8 billion by 2032, HeartCore is well-positioned to capitalize on this trend. Financial Overview. HTCR’s revenue mix has evolved significantly, with its software business now contributing 60% to overall revenue, and the remaining 40% coming from consulting services like Go IPO. Despite challenges in its consulting segment in early 2024, the company is projected to recover in the latter half of the year, driven by gross proceeds from warrant sales and a strong push for new customer acquisitions in its software business. The company has also shown prudent financial management with a focus on cost efficiency, achieving profitable quarters within its software division. With a clean balance sheet and additional capital inflows expected from ongoing IPO consulting deals, HeartCore is well-positioned to pursue further acquisitions, expand its product offerings, and reinforce its market presence. Investment Outlook HTCR offers a compelling investment opportunity for those seeking exposure to a company that is actively growing in the digital transformation space, supported by a diversified revenue model and strategic U.S. expansion. With its market leadership in Japan, robust AI initiatives, and potential for further growth through strategic acquisitions, HeartCore stands poised to deliver value to its shareholders. The company’s strong customer base, combined with its innovative Go IPO services, makes HTCR a stock worth considering for long-term growth potential amidst the evolving tech landscape.
NASDAQ:HTCRLong
by HASHInvests200
NASDAQ: HTCR | Technical Review 07/10/2024​Supported by their strong profit forecast, we are starting to see investors building up position in Heartcore Enterprise Inc. (NASDAQ: HTCR) despite huge profit taking activity was seen in last Friday. Nevertheless, HTCR's share price was strongly supported around its current level, with the expectation to hold around $0.750 for the remaining of the week. We deem this as a Trading BUY opportunity for those who have not built any position on hand for HTCR.
NASDAQ:HTCRLong
by HASHInvests200
Helping Businesses Level Up Customer Experience HTCR , or HeartCore Enterprises, is making waves in the tech industry with its focus on customer experience management (CXM) solutions. The company offers software tools that help businesses improve how they interact with their customers, a market that has been growing rapidly due to the increasing emphasis on digital transformation. As more businesses move their operations online, HTCR’s solutions become crucial in helping companies manage customer journeys effectively. HTCR’s prospects look promising as demand for CXM solutions is expected to surge, particularly in sectors like retail, finance, and healthcare, where personalized customer interactions are becoming more important. Their platform supports everything from improving website user experiences to streamlining communication, helping businesses enhance customer satisfaction and loyalty. Moreover, HTCR has also been expanding into newer areas like process automation and content management, which further strengthens its market positioning. With the ongoing digital shift and rising demand for improved online engagement, HTCR has strong potential for future growth, making it a tech company to watch closely in the coming years.
NASDAQ:HTCRLong
by HASHInvests200
Investment Thesis and Analysis of Heartcore, Inc. Heartcore, Inc. is positioning itself as a key player in Japan's growing digital transformation market. As companies across various sectors look to modernise and streamline their operations, Heartcore’s wide range of digital solutions is playing a crucial role in helping them adapt to new technologies. From content management and customer experience management to robotics process automation (RPA) and process mining, Heartcore has established itself as a versatile provider of innovative tools that are increasingly in demand. One of Heartcore’s standout services is its expertise in helping Japanese companies go public on the Nasdaq. With more companies aiming to expand internationally and raise capital, Heartcore’s role as a guide through the complex process of securing a Nasdaq listing adds a unique and valuable component to its business model. This positions Heartcore as a key partner for companies looking to expand their global reach, and it opens up additional revenue streams for the company itself. In addition to its Nasdaq advisory services, Heartcore offers a variety of digital solutions that cater to the needs of modern businesses. Its content management systems (CMS) and customer experience management (CXM) platforms help companies optimise their digital presence and enhance customer interactions. Heartcore’s RPA offerings, on the other hand, automate repetitive tasks and improve efficiency, allowing businesses to focus on more strategic activities. The company also offers process mining tools that provide insights into operational workflows, helping businesses identify inefficiencies and make data-driven improvements. Moreover, Heartcore has ventured into the world of 3D virtual reality with its VR360 service, offering immersive experiences that are particularly appealing to industries like real estate and tourism. This combination of services makes Heartcore a versatile player in the digital transformation space, and its solutions are well-positioned to meet the growing demand from companies looking to modernise their operations. The economic backdrop in Japan adds further support to Heartcore’s growth potential. The country’s economy has been showing signs of recovery, growing at an annual rate of 3.1% in the April-June 2024 period, driven by strong domestic demand and a significant increase in exports. This rebound creates a favourable environment for businesses to invest in digital transformation initiatives, which plays directly into Heartcore’s strengths. As consumer and business confidence grows, so does the likelihood that more companies will adopt Heartcore’s digital solutions. The current global environment of low interest rates is also a positive factor for Heartcore. In a low-rate setting, equities tend to perform well, particularly growth-oriented technology companies like Heartcore. Lower borrowing costs encourage businesses to invest in new technologies and digital tools, which supports Heartcore’s growth prospects. Given Heartcore’s strong positioning in the market, its diverse range of digital solutions, and the favourable economic and interest rate environment, we believe the company has significant upside potential. Our target price for Heartcore, Inc. is $1.50, reflecting the company’s growth prospects as it continues to expand its offerings and attract more clients, both in Japan and globally. With its unique combination of digital transformation expertise and Nasdaq advisory services, Heartcore is a company to watch in the coming years.
NASDAQ:HTCRLong
by HASHInvests200
HeartCore’s Go IPO Client, SBC Medical Group, Begins Trading Company anticipates Q3 2024 revenue to be between $19 million-$23 million and net profit to be between $4 million-$8 million NEW YORK and TOKYO, September 25, 2024- HeartCore Enterprises, Inc. (Nasdaq: HTCR) (“HeartCore” or “the Company”), a leading enterprise software and data consulting services company based in Tokyo, announced its Go IPO client, SBC Medical Group Holdings Inc. (“SBC”), has successfully commenced trading under the symbol “SBC” on the Nasdaq Global Market exchange. HeartCore was initially compensated through an aggregate $900,000 in initial fees and warrants to acquire 2.7% of SBC’s common stock, on a fully diluted basis, which equate to $17 million; in total, HeartCore generated $17.9 million in revenue from the SBC deal, with $17 million to be recognized in Q3 2024. As previously mentioned, of the $17.9 million, HeartCore sold $9 million worth of warrants to a Japanese financial institution during Q1 2024. The Company generated $5.64 million in net sales after paying a referral fee of $3.36 million to So Management Inc. for sourcing the lead. With SBC now publicly traded, HeartCore holds in total $8 million worth of SBC stock. Pursuant to the initial agreement, the Company assisted SBC throughout the listing process, including the audit and legal firm hiring process, translating requested documents into English, assisting in the preparation of documentation for internal controls required for an initial public offering, providing general support services, assisting in the preparation of the F-1 filing, and more. Additionally, HeartCore announced the following guidance range for Q3 2024: Revenue: $19 million-$23 million Net Profit: $4 million-$8 million “The SBC Medical Group deal is our biggest Go IPO deal to date, amassing a gross total of $17.9 million in total top line revenue for HeartCore,” said CEO Sumitaka Kanno Yamamoto. “Our team played a vital role in fostering the go public process for our treasured client, and we are very much looking forward to the progress and continued success SBC will create as a publicly traded company on the Nasdaq. “Furthermore, we are very encouraged by our forecasted financials for Q3 2024, as HeartCore is slated to have its strongest quarter in corporate history. Relative to last year’s revenue for the first nine-months ended September 30, 2023, of $18.5 million, we anticipate generating between $28.1 million and $32.1 million in revenue for the nine months ended September 30, 2024, with a significant profit. We expect this year will be HeartCore’s strongest by far, and we continue to stay laser focused on providing value for our Go IPO clients, in addition to our enterprise software clients.” NASDAQ:SBC
NASDAQ:HTCRLong
by HASHInvests200
HeartCore Enterprises Inc. (NASDAQ: HTCR) | A Rising Player in DHeartCore Enterprises Inc. (HTCR) is a global digital transformation company offering businesses cutting-edge software and services to help them go fully digital. Whether a company needs to upgrade its digital infrastructure or enhance operational efficiency, HeartCore provides the tools and expertise to get the job done. A Global Reach with Strong Foundations Founded in Japan, HeartCore has expanded its operations globally, with subsidiaries in the USA, Canada, the Netherlands, India, and Vietnam. This global presence allows them to serve a wide range of clients, helping businesses worldwide embrace digital transformation. Their Vietnam-based subsidiary, HeartCore LUVINA Vietnam, specialises in offshore development of CMS (Content Management System) products, which further broadens their service offerings. Financial Highlights HeartCore’s strong financial performance stands out, especially when considering its year-over-year revenue growth of 147.73% in 2023. The company is clearly on an upward trajectory, with its current stock pivot at $0.69, and resistance levels at $0.82 and $0.95, suggesting potential further growth. Investors looking for stability will also be pleased with HeartCore's 5.80% dividend yield (TTM), making it an attractive option for those seeking returns along with growth. HeartCore Financial and IPO Services Aside from its core digital transformation business, HeartCore has diversified its offerings through HeartCore Financial, which provides Nasdaq IPO consultation via its "Go IPO" service. This service helps businesses navigate the complex process of going public, leveraging HeartCore’s own experience as a Nasdaq-listed company. By guiding other companies through IPOs, HeartCore has created an additional revenue stream and built strong relationships in the business world. Why HeartCore? For investors, diversification is key, and HeartCore exemplifies this strategy with its mix of digital transformation services and financial consulting. Their ability to offer both technical and financial solutions gives them a competitive edge, making them resilient to market fluctuations. With a strong client base, diverse revenue streams, and a growing global presence, HeartCore is well-positioned to continue its upward trend. In summary, HeartCore Enterprises is a company on the rise, offering innovative digital solutions across the globe while helping other companies succeed in the Nasdaq IPO journey. With strong financials and a global footprint, it’s definitely a stock worth watching for both growth and income-focused investors.
NASDAQ:HTCRLong
by HASHInvests200