HeartCore Enterprises Inc (HTCR) 銘柄情報

The SBC Medical Group deal is HTCR biggest Go IPO deal to date, amassing a gross total of $17.9 million in total top line revenue for HeartCore. 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, anticipate generating between $28.1 million and $32.1 million in revenue for the nine months ended September 30, 2024, with a significant profit.

HeartCore is currently riding on the positive sentiment from its successful partnership with SBC and the stock could continue to rise if it breaks above the $1 resistance level 🚀

$1 today.. without a doubt

HeartCore Enterprises, Inc. has made headlines with the successful listing of SBC Medical Group Holdings, one of its clients from its Go IPO consulting service. This deal contributed significantly to HeartCore's Q3 2024 revenue, generating $17.9 million. The company is now forecasting its strongest quarter to date, with expected revenue between $19 million and $23 million and a net profit of $4 million to $8 million 💰️

HeartCore’s Go IPO Client, SBC Medical Group, Begins Trading on the Nasdaq Stock Exchange



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.”

Currently consolidating after a few bumps, next resistance at 0.83/0.95

Has long-term potential if it can grow its customer base, the long-term outlook may support a future breakout.

HeartCore Enterprises Inc. (NASDAQ: HTCR) | A Rising Player in Digital Transformation



HeartCore 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.

A big driver of future revenue is HeartCore’s “Go IPO” service, which helps Japanese companies go public in the U.S. One of their clients recently went public on NASDAQ, and they expect 3-4 more companies to go public by the end of the year. This could significantly boost revenues in the second half of 2024

Entered! A hidden Japanese gem!

And dividends announced again.

HTCR just announced a dividend. 👍

HTCR new 52 week low

https://stockcharts.com/h-sc/ui?s=htcr&p=W&yr=0&mn=11&dy=25&id=p34307943936&a=1105106922&listNum=2

entry

entry

nice

dip

ready

nice

has its big pops

has its big pops

1 day wonder

1 day wonder

todays big dick mcgee special

HTCR: I HEAR-ya, Boss!!! And, that's why I follow YOU, & your NICE pals in Orion's morning donuts & coffee shop.

You know the old term "if you snooze, you lose"? That goes double here.

HTCR: You comment that SLEEPING is a NO-NO, when playing the Wall Street casinos. (Hey, Boss, you're makin' HUGE profits today --- CONGRATS!!!)

Takes discipline to get up shower and dressed to start the day at 3:00am ( central time) and build your dreams on fact

I'm funny how, I mean funny like I'm a clown, I amuse you? I make you laugh, I'm here to fuckin' amuse you? What do you mean funny, funny how? How am I funny

HTCR 3.43 HOD nice Swamp!

HTCR: FUNNIEST post in history, Boss!!! (You should do 'Stand-Up' at the Improv)

Sleeping during market hours is wasting valuable time and money. You have the entire weekend to rest and sleep.

Including Alaska... even.

HTCR: Yeah, fine --- but then I could never go to BED, Boss, if I did that!! (I.e., it's that infernal TIME ZONE DIFFERENCE!!!)

Enough said on THAT note.

Just as long as you have an internet connection you can buy on any coast, including but not limited to the Sea Of Tranquility.

HTCR: Yeah, but YOU got it in the Pre-Market!! Can't do that on the WEST coast, Boss!! I must WAIT until all that SUCKERS-BAIT-MORNING-GAPPER grap is over, & THEN decide.

New 52-week high. $3.24

Wowzer!

HTCR: WOW!! Quite a POST there, Boss!!

HTCR 1.95: their Go IPO division is a monster. If sustainable stock could double.

Maybe at 1.84 ish

Gotta correct

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HeartCore Enterprises Inc

HeartCore Enterprises Inc (NASDAQ)
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HeartCore Reports Strong First Quarter 2023 Financial Results
May 22 2023 - 04:05PM
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HeartCore Enterprises, Inc. (Nasdaq: HTCR) (“HeartCore” or “the Company”), a leading software development company offering Customer Experience Management Platform (“CXM Platform”) and Digital Transformation (“DX”), reported financial results for the first quarter ended March 31, 2023.
First Quarter 2023 and Recent Operational Highlights

Grew total number of global enterprise customers to 916 as of March 31, 2023.
Signed tenth Go IPO consulting service agreement with rYojbaba Inc.
Integrated ChatGPT, a natural language artificial intelligence model, with HeartCore CMS to support automatic content creation for websites.
Partnered with Works Applications and AIM Consulting to improve their respective digital auditing solutions through its DX suite of offerings.
Signed eighth and ninth Go IPO clients by engaging Libera Gaming Operations and ICheck Co.
Acquired a 51% majority stake in Sigmaways Inc., a software engineering service provider delivering IT solutions.
Announced that HeartCore’s Content Management System (“CMS”) was introduced by Subaru Group to its centralized management platform for approximately 100 Subaru websites.
Management Commentary
“The first quarter was impressive in several ways, namely behind our record revenue and net income figures,” said CEO Sumitaka Yamamoto. “Our core software division drove robust operating results stemming from newly adopted marketing techniques and customer acquisition methods that were implemented last year; these changes led to profitability within this sector of our company. We are seeing this encouraging trend continue to persist which is why we are confident our software division will have a strong 2023. Additionally, our recently acquired subsidiary, Sigmaways, has been seamlessly integrated within our core operations and we’ve begun to manifest the synergies and capitalize on all joint projects.

“A significant contributing factor to our record-breaking quarter relates to our Go IPO business. Following the completion of two IPOs this past quarter, we’ve been able to reap the benefits from the warrants we received as part of the deal consummation. As I’ve previously shared, we have just scratched the tip of the iceberg with our Go IPO business line, as we expect to benefit from the closing of another six deals for the remainder of this year, including our biggest one yet around SBC Medical Group, which will add approximately $32.4 million to our top line. With our two-pronged growth strategy going into full effect, I am very confident in our team’s ability to make 2023 the strongest year for HeartCore across several measures.”

First Quarter 2023 Financial Results
Revenues increased 284% to $8.7 million compared to $2.3 million in the same period last year. The increase was primarily due to the expansion of the Go IPO business, as a growing number of Japanese venture companies continue to express interest in going public on the Nasdaq, in addition to the acquisition of Sigmaways and its subsidiaries.

Gross profit increased 361% to $5.6 million (gross margin of 64%) from $1.2 million (gross margin of 54%) in the same period last year. The increase was primarily due to the aforementioned expansion of the Company’s Go IPO business.

Operating expenses increased to $3.3 million from $2.8 million in the same period last year. The increase was primarily due to increased selling expenses, as well as increased general and administrative expenses.

Net income was $1.8 million, or $0.10 per diluted share, compared to net loss of approximately $1.6 million or $(0.09) per diluted share last year. The increase in net income was primarily due to the aforementioned expansion of the Company’s Go IPO business in addition to relatively stable operating expenses.

As of March 31, 2023, the Company had cash and cash equivalents of $5.2 million compared to $7.2 million as of December 31, 2022.

About HeartCore Enterprises, Inc.
Headquartered in Tokyo, Japan, HeartCore Enterprises is a leading software development company offering Software as a Service (SaaS) solutions to enterprise customers in Japan and worldwide. The Company also provides data analytics services that allow enterprise businesses to create tailored web experiences for their clients through best-in-class design. HeartCore’s customer experience management platform (CXM Platform) includes marketing, sales, service and content management systems, as well as other tools and integrations, which enable companies to enhance the customer experience and drive engagement. HeartCore also operates a digital transformation business that provides customers with robotics process automation, process mining and task mining to accelerate the digital transformation of enterprises. Furthermore, HeartCore offers “Go IPO,” a consulting service where it assists private companies with uplisting onto the Nasdaq Stock Market. Additional information about the Company's products and services is available at www.heartcore.co.jp and https://heartcore-enterprises.com/.

Forward-Looking Statements
All statements other than statements of historical facts included in this press release are forward- looking statements. In some cases, forward-looking statements can be identified by words such as “believe,” “intend,” “expect,” “anticipate,” “plan,” “potential,” “continue” or similar expressions. Such forward-looking statements include risks and uncertainties, and there are important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors, risks, and uncertainties are discussed in HeartCore’s filings with the Securities and Exchange Commission. Investors should not place any undue reliance on forward-looking statements since they involve known and unknown, uncertainties and other factors which are, in some cases, beyond HeartCore’s control which could, and likely will materially affect actual results, and levels of activity, performance, or achievements. Any forward-looking statement reflects HeartCore’s current views with respect to future events and is subject to these and other risks, uncertainties, and assumptions relating to operations, results of operations, growth strategy, and liquidity. HeartCore assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. The contents of any website referenced in this press release are not incorporated by reference herein.

HeartCore Investor Relations Contact:
Gateway Group, Inc.
Matt Glover and John Yi
HTCR@gatewayir.com
(949) 574-3860


HeartCore Enterprises, Inc.
Unaudited Condensed Consolidated Statements of Operations and Comprehensive Income (Loss)


For the three months
ended March 31, For the three months
ended March 31,
2023 2022

Revenues $ 8,734,150 $ 2,276,001
Cost of revenues 3,101,066 1,055,356
Gross profit 5,633,084 1,220,645

Operating expenses:
Selling expenses 568,642 205,918
General and administrative expenses 2,685,207 2,468,933
Research and development expenses 79,624 108,259
Total operating expenses 3,333,473 2,783,110

Income (loss) from operations 2,299,611 (1,562,465 )

Other income (expenses):
Changes in fair value of investments in warrants 193,365 -
Interest income 31,605 1,458
Interest expenses (39,840 ) (11,271 )
Other income 14,201 16,673
Other expenses (29,457 ) (23,662 )
Total other income (expenses) 169,874 (16,802 )

Income (loss) before income tax provision 2,469,485 (1,579,267 )

Income tax expense (benefit) 661,448 (816 )

Net income (loss) 1,808,037 (1,578,451 )
Less: net loss attributable to non-controlling interest (74,252 ) -
Net income (loss) attributable to HeartCore Enterprises, Inc. $ 1,882,289 $ (1,578,451 )

Other comprehensive income (loss):
Foreign currency translation adjustment (25,034 ) 80,053

Total comprehensive income (loss) 1,783,003 (1,498,398 )
Less: comprehensive loss attributable to non-controlling interest (76,542 ) -
Comprehensive income (loss) attributable to HeartCore Enterprises, Inc. $ 1,859,545 $ (1,498,398 )

Net income (loss) per common share attributable to HeartCore Enterprises, Inc.
Basic $ 0.10 $ (0.09 )
Diluted $ 0.10 $ (0.09 )

Weighted average common shares outstanding
Basic 19,066,160 17,265,332
Diluted 19,066,160 17,265,332





HeartCore Enterprises, Inc.
Condensed Consolidated Balance Sheets

March 31, December 31,
2023 2022
(Unaudited)
ASSETS

Current assets:
Cash and cash equivalents $ 5,209,915 $ 7,177,326
Accounts receivable 2,380,128 551,064
Short-term investment in warrants 437,812 -
Prepaid expenses 919,916 538,230
Due from related party 47,536 48,447
Other current assets 31,534 220,070
Total current assets 9,026,841 8,535,137

Non-current assets:
Property and equipment, net 214,566 203,627
Operating lease right-of-use assets 2,549,834 2,644,957
Intangible asset, net 4,993,750 -
Goodwill 3,276,441 -
Long-term investment in warrants 3,764,888 -
Deferred tax assets 245,997 263,339
Security deposits 367,981 244,395
Long-term loan receivable from related party 229,955 246,472
Other non-current assets 75 661
Total non-current assets 15,643,487 3,603,451

Total assets $ 24,670,328 $ 12,138,588

LIABILITIES AND SHAREHOLDERS' EQUITY

Current liabilities:
Accounts payable and accrued expenses $ 1,160,309 $ 497,742
Accrued payroll and other employee costs 416,779 360,222
Due to related party 2,923 402
Current portion of long-term debts 640,534 697,877
Insurance premium financing 352,518 -
Factoring liability 173,582 -
Operating lease liabilities, current 288,081 291,863
Finance lease liabilities, current 13,663 19,294
Income tax payables 681,830 2,747
Deferred revenue 1,530,472 1,724,519
Other current liabilities 225,167 53,027
Total current liabilities 5,485,858 3,647,693

Non-current liabilities:
Long term debts 1,490,664 1,123,735
Operating lease liabilities, non-current 2,314,160 2,421,054
Finance lease liabilities, non-current - 459
Deferred tax liabilities 1,398,250 -
Other non-current liabilities 135,536 138,018
Total non-current liabilities 5,338,610 3,683,266

Total liabilities 10,824,468 7,330,959

Shareholders' equity:
Preferred shares ($0.0001 par value, 20,000,000 shares authorized, no shares issued and outstanding as of March 31, 2023 and December 31, 2022, respectively) - -
Common shares ($0.0001 par value, 200,000,000 shares authorized; 20,842,690 and 17,649,886 shares issued and outstanding as of March 31, 2023 and December 31, 2022, respectively) 2,083 1,764
Additional paid-in capital 19,079,516 15,014,607
Accumulated deficit (8,691,290 ) (10,573,579 )
Accumulated other comprehensive income 342,093 364,837
Total HeartCore Enterprises, Inc. shareholders' equity 10,732,402 4,807,629
Non-controlling interest 3,113,458 -
Total shareholders' equity 13,845,860 4,807,629

Total liabilities and shareholders' equity $ 24,670,328 $ 12,138,588





HeartCore Enterprises, Inc.
Unaudited Condensed Consolidated Statements of Cash Flows

For the three months ended March 31, For the three months ended March 31,
2023 2022

Cash flows from operating activities
Net income (loss) $ 1,808,037 $ (1,578,451 )
Adjustments to reconcile net income (loss) to net cash
used in operating activities:
Depreciation and amortization expenses 123,312 24,889
Amortization of debt issuance costs 758 866
Non-cash lease expense 76,017 75,986
Deferred income taxes (17,284 ) 6,311
Stock-based compensation 915,228 422,164
Warrants received as noncash consideration (4,009,335 ) -
Changes in fair value of investments in warrants (193,365 ) -
Changes in assets and liabilities:
Accounts receivable (66,833 ) (217,638 )
Prepaid expenses (45 ) (488,970 )
Other assets 78,241 (34,896 )
Accounts payable and accrued expenses (94,363 ) (79,982 )
Accrued payroll and other employee costs (178,733 ) (27,492 )
Due to related party 2,544 -
Operating lease liabilities (73,147 ) (78,226 )
Finance lease liabilities (53 ) (174 )
Income tax payables 678,725 (10,037 )
Deferred revenue (167,873 ) (295,176 )
Other liabilities 70,110 (113,027 )
Net cash flows used in operating activities (1,048,059 ) (2,393,853 )

Cash flows from investing activities
Purchases of property and equipment (9,409 ) (18,903 )
Advance and loan provided to related party - (25,480 )
Repayment of loan provided to related party 11,955 9,102
Payment for acquisition of subsidiary, net of cash acquired (724,910 ) -
Net cash flows used in investing activities (722,364 ) (35,281 )

Cash flows from financing activities
Proceeds from initial public offering, net of issuance cost - 13,602,554
Proceeds from issuance of common shares prior to initial public offering - 220,572
Payments for finance leases (5,658 ) (14,916 )
Proceeds from long-term debt - 258,087
Repayment of long-term debts (265,255 ) (308,121 )
Repayment of insurance premium financing (36,517 ) (41,280 )
Repayment to related party - (903 )
Net proceeds from factoring arrangement 173,582 -
Payments for debt issuance costs (448 ) (1,030 )
Payment for mandatorily redeemable financial interest - (430,489 )
Net cash flows provided by (used in) financing activities (134,296 ) 13,284,474

Effect of exchange rate changes (62,692 ) (78,293 )

Net change in cash and cash equivalents (1,967,411 ) 10,777,047

Cash and cash equivalents - beginning of the period 7,177,326 3,136,839

Cash and cash equivalents - end of the period $ 5,209,915 $ 13,913,886

Supplemental cash flow disclosures:
Interest paid $ 16,968 $ 13,262
Income taxes paid $ - $ 1,489

Non-cash investing and financing transactions
Payroll withheld as repayment of loan receivable from employees $ - $ 2,065
Expense paid by related party on behalf of the Company $ - $ 25,480
Share repurchase liability settled by issuance of common shares $ - $ 16
Deferred offering costs recognized against the proceeds from the offering $ - $ 178,847
Insurance premium financing $ 389,035 $ 388,538
Liabilities assumed in connection with purchase of property and equipment $ 6,288 $ -
Common shares issued for acquisition of subsidiary $ 3,150,000 $ -



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HeartCore Enterprises (NASDAQ:HTCR)
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Latest HTCR Messages
frans Wed Apr 26, 2023 8:41 AM (26 days ago)
0.37 x 0.4199

Invest-in-America Wed Apr 12, 2023 9:23 AM (40 days ago)
HTCR: Got ya!! THANKS!! (Panic over here, since

subslover Wed Apr 12, 2023 8:17 AM (40 days ago)
https://www.otcmarkets.com/filing/html?id=16558508&guid=cOm-kH_dFSKfJth

TheFinalCD Wed Apr 12, 2023 6:12 AM (41 days ago)
YESTERDAZE NEWS #JAPAN https://finviz.com/quote.ashx?t=HTCR&ty=c&ta=1&p=d

subslover Wed Apr 12, 2023 4:47 AM (41 days ago)
NEWS HeartCore Signs Tenth Go IPO Contract

Triple nickle Tue Apr 11, 2023 5:31 PM (41 days ago)
Hmmm got the feels for 3.35 here

Triple nickle Tue Apr 11, 2023 5:18 PM (41 days ago)
Yeah my picks runnnnnn

Triple nickle Tue Apr 11, 2023 5:04 PM (41 days ago)
Yeah now we’re kickin ass

Triple nickle Tue Apr 11, 2023 4:44 PM (41 days ago)
Hmmm moving after hours

subslover Fri Oct 28, 2022 4:35 AM (207 days ago)
HeartCore Enters into License Agreement with Transcosmos Digital

See More Posts on HTCR Message Board
News
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Current Report Filing (8-k)
Edgar (US Regulatory) • Mon May 22, 2023 4:06 PM (16 hours ago)
HeartCore Reports Strong First Quarter 2023 Financial Results
GlobeNewswire Inc. • Mon May 22, 2023 4:05 PM (16 hours ago)
Notification That Quarterly Report Will Be Submitted Late (nt 10-q)
Edgar (US Regulatory) • Mon May 15, 2023 8:06 AM (1 week ago)
Current Report Filing (8-k)
Edgar (US Regulatory) • Mon May 08, 2023 4:06 PM (2 weeks ago)
Amended Current Report Filing (8-k/a)
Edgar (US Regulatory) • Fri Apr 14, 2023 4:06 PM (1 month ago)
Current Report Filing (8-k)
Edgar (US Regulatory) • Wed Apr 12, 2023 6:02 AM (1 month ago)
HeartCore Signs Tenth Go IPO Contract
GlobeNewswire Inc. • Tue Apr 11, 2023 4:05 PM (1 month ago)
Securities Registration Statement (simplified Form) (s-3/a)
Edgar (US Regulatory) • Fri Apr 07, 2023 4:02 PM (2 months ago)
Current Report Filing (8-k)
Edgar (US Regulatory) • Thu Mar 30, 2023 4:08 PM (2 months ago)
HeartCore Reports Fourth Quarter and Full Year 2022 Financial Results
GlobeNewswire Inc. • Thu Mar 30, 2023 4:05 PM (2 months ago)
HeartCore Integrates ChatGPT into HeartCore CMS for Automated Content Creation
GlobeNewswire Inc. • Thu Mar 30, 2023 8:30 AM (2 months ago)
HeartCore Partners with Works Applications Co. and AIM Consulting Co. to Enhance Their Digital Auditing Solutions
GlobeNewswire Inc. • Tue Mar 21, 2023 8:30 AM (2 months ago)
More News Articles

HeartCore Enterprises (NASDAQ:HTCR)
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0.37 x 0.4199

HTCR: Got ya!! THANKS!! (Panic over here, since just got out of BED!!)

https://www.otcmarkets.com/filing/html?id=16558508&guid=cOm-kH_dFSKfJth

YESTERDAZE NEWS #JAPAN https://finviz.com/quote.ashx?t=HTCR&ty=c&ta=1&p=d

NEWS
HeartCore Signs Tenth Go IPO Contract
NEW YORK and TOKYO, April 11, 2023 (GLOBE NEWSWIRE) -- HeartCore Enterprises, Inc. (Nasdaq: HTCR) (“HeartCore” or “the Company”), a leading software development company offering Customer Experience Management Platform (“CXM Platform”) and Digital Transformation (“DX”), announced that it has signed an agreement (“Consulting Agreement”) with rYojbaba Inc. (“rYojbaba”) for its tenth Go IPO consulting service win.

As part of the Consulting Agreement, HeartCore will assist rYojbaba in its efforts to go public and list on the Nasdaq Stock Market (“Nasdaq”). Through Go IPO, the Company services clients by assisting throughout 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 or de-SPAC, providing general support services, assisting in the preparation of the S-1 or F-1 filing, and more.

As compensation for its services, HeartCore expects to generate from rYojbaba an aggregate of $500,000 in initial fees. In addition, the Company has received a warrant to acquire 3% of rYojbaba’s common stock, on a fully diluted basis.

Furthermore, HeartCore announced that it received $4.1 million of SYLA Technologies’ common stock following its recent IPO in conjunction with $450,000 of AERWINS’ common stock, both valued as of March 31, 2023.

“We are encouraged by our 10th Go IPO win and by the warrants we’ve recently received from our prior Go IPO clients, which adds up to nearly $4.5 million,” said CEO Sumitaka Yamamoto. “The case studies of SYLA and AERWINS serve as prime examples of our clients that have funneled through the Go IPO cycle; it is certainly one that greatly benefits HeartCore. Given the progress being made throughout all fronts of our organization, in addition to all of our existing clients within the Go IPO pipeline primed to go public by the end of this year, we believe we’re poised for a robust 2023.”

About HeartCore Enterprises, Inc.
Headquartered in Tokyo, Japan, HeartCore Enterprises is a leading software development company offering Software as a Service (SaaS) solutions to enterprise customers in Japan and worldwide. The Company also provides data analytics services that allow enterprise businesses to create tailored web experiences for their clients through best-in-class design. HeartCore’s customer experience management platform (CXM Platform) includes marketing, sales, service and content management systems, as well as other tools and integrations, which enable companies to enhance the customer experience and drive engagement. HeartCore also operates a digital transformation business that provides customers with robotics process automation, process mining and task mining to accelerate the digital transformation of enterprises. Furthermore, HeartCore offers “Go IPO,” a consulting service where it assists private companies with uplisting onto the Nasdaq Stock Market. Additional information about the Company's products and services is available at www.heartcore.co.jp and https://heartcore-enterprises.com/.

Forward-Looking Statements
All statements other than statements of historical facts included in this press release are forward-looking statements. In some cases, forward-looking statements can be identified by words such as “believe,” “intend,” “expect,” “anticipate,” “plan,” “potential,” “continue” or similar expressions. Such forward-looking statements include risks and uncertainties, and there are important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors, risks, and uncertainties are discussed in HeartCore’s filings with the Securities and Exchange Commission. Investors should not place any undue reliance on forward-looking statements since they involve known and unknown, uncertainties and other factors which are, in some cases, beyond HeartCore’s control which could, and likely will materially affect actual results, and levels of activity, performance, or achievements. Any forward-looking statement reflects HeartCore’s current views with respect to future events and is subject to these and other risks, uncertainties, and assumptions relating to operations, results of operations, growth strategy, and liquidity. HeartCore assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. The contents of any website referenced in this press release are not incorporated by reference herein.

HeartCore Investor Relations Contact:
Gateway Group, Inc.
Matt Glover and John Yi
HTCR@gatewayir.com(949) 574-3860

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Source: Heartcore Enterprises Inc.
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Hmmm got the feels for 3.35 here