Quarterly ResultMay 15, 2026, 08:37 AM
HeartCore Q1 Revenue $1.2M; Net Loss Narrows to $2.0M
AI Summary
HeartCore Enterprises reported first-quarter 2026 financial results with revenues decreasing to $1.2 million from $2.1 million in the prior year. The company's net loss improved to $2.0 million, down from $3.1 million, primarily due to a reduction in the loss on fair value of investments. Operationally, HeartCore regained Nasdaq's minimum bid price requirement and authorized a $2.0 million share repurchase program, while also advancing its strategic focus on financial services and capital markets.
Key Highlights
- Q1 2026 revenues decreased to $1.2 million from $2.1 million year-over-year.
- Gross profit fell to $74,000 in Q1 2026 from $0.5 million in Q1 2025.
- Net loss improved to $2.0 million in Q1 2026, compared to a $3.1 million loss in Q1 2025.
- Adjusted EBITDA was a loss of $1.6 million, worsening from a $1.3 million loss year-over-year.
- Cash and cash equivalents stood at $0.8 million as of March 31, 2026.
- HeartCore regained Nasdaq $1.00 minimum bid price requirement.
- The company authorized a $2.0 million share repurchase program.
- HeartCore was engaged with 16 Go IPO clients as of March 31, 2026.
Price Impact
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