Quarterly ResultAug 13, 2026, 08:32 AM
HeartCore Q2 Revenue Up 71.6% to $321K; Net Loss $2.0M
AI Summary
HeartCore Enterprises reported its second quarter 2026 financial results, with revenues increasing by 71.6% to $321,000. However, the company posted a net loss of $2.0 million, a significant decrease from net income of $1.1 million in the same period last year, and Adjusted EBITDA was $(1.3) million. Operationally, HeartCore completed the divestiture of Sigmaways and entered an agreement to divest its stake in HeartCore Luvina Vietnam, aiming to sharpen its focus on Go IPO consulting and financial services. The company also regained compliance with Nasdaq's minimum bid price requirement.
Key Highlights
- Q2 2026 revenue increased by 71.6% to $321,000 compared to the prior year.
- Q2 2026 net loss was $2.0 million, a decline from net income of $1.1 million in Q2 2025.
- Q2 2026 Adjusted EBITDA was $(1.3) million, compared to $(0.1) million in Q2 2025.
- Completed the strategic divestiture of Sigmaways, Inc. to focus on core Go IPO consulting.
- Entered an agreement to divest 51% equity interest in HeartCore Luvina Vietnam.
- Regained compliance with the Nasdaq $1.00 minimum bid price requirement.
- Cash and cash equivalents totaled $587,000 as of June 30, 2026.
Price Impact
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