HTCR Chart
About

HeartCore Enterprises, Inc., a software development company, provides software as a service solutions to enterprise customers in Japan, the United States, and internationally. Its customer experience management platform includes marketing, sales, service, and content management systems, as well as other tools and integrations that enable companies to attract and engage customers throughout the customer experience. The company 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. In addition, it offers education, services, and support solutions; Go IPO consulting services; and Robot Automation portal, a web portal that allows customers to monitor and manage automation with RPA over a TCP/IP network. The company serves customers in various industries, such as consumer and retail, energy, financial services, healthcare/pharmaceuticals, insurance, manufacturing, technology, telecommunications, and others. HeartCore Enterprises, Inc. was founded in 2009 and is headquartered in Tokyo, Japan.

Fundamentals
Scroll to Statements
Sector Technology Industry Software - Application Market Cap 7.06M
Enterprise Value 3.61M Income -11.63M Sales 16.19M
Book/sh 0.16 Cash/sh 0.20 Dividend Yield —
Payout 0.00% Employees 91 IPO —
P/E — Forward P/E 2.53 PEG —
P/S 0.44 P/B 1.69 P/C —
EV/EBITDA -0.91 EV/Sales 0.22 Quick Ratio 0.69
Current Ratio 1.40 Debt/Eq 24.75 LT Debt/Eq —
EPS (ttm) -0.54 EPS next Y 0.11 EPS Growth -96.90%
Revenue Growth -81.60% Earnings 2025-08-13 16:00 ROA -13.56%
ROE -163.52% ROIC — Gross Margin 33.14%
Oper. Margin -0.37% Profit Margin -66.76% Shs Outstand 25.42M
Shs Float 9.77M Short Float 0.95% Short Ratio 0.88
Short Interest — 52W High 1.67 52W Low 0.22
Beta 2.00 Avg Volume 148.31K Volume 825.11K
Target Price — Recom None Prev Close $0.30
Price $0.28 Change -7.40%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
—
Mean price target
2. Current target
$0.28
Latest analyst target
3. DCF / Fair value
$-2.11
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$0.28
Low
—
High
—
Mean
—
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 110000 75440 — Sale at price 0.67 - 0.70 per share. YASUI DAISHIN Unknown — 2025-05-30 00:00:00 D
1 10869 6130 — Sale at price 0.56 - 0.61 per share. YASUI DAISHIN Beneficial Owner of more than 10% of a Class of Security — 2025-05-21 00:00:00 D
2 2500 2638 — Sale at price 1.06 per share. YASUI DAISHIN Beneficial Owner of more than 10% of a Class of Security — 2025-03-21 00:00:00 D
3 300 285 — Sale at price 0.95 per share. YASUI DAISHIN Beneficial Owner of more than 10% of a Class of Security — 2025-03-19 00:00:00 D
4 26000 32980 — Sale at price 1.26 - 1.28 per share. KUNO KEISUKE Officer — 2024-11-19 00:00:00 D
5 8310 — — Stock Award(Grant) at price 0.00 per share. HOSAKA KIMIO Chief Operating Officer — 2024-10-01 00:00:00 D
6 45938 — — Stock Award(Grant) at price 0.00 per share. YAMAMOTO SUMITAKA Chief Executive Officer — 2024-10-01 00:00:00 D
7 6050 — — Stock Award(Grant) at price 0.00 per share. GAO QIZHI Chief Financial Officer — 2024-10-01 00:00:00 D
8 9355 — — Stock Award(Grant) at price 0.00 per share. KUNO KEISUKE Officer — 2024-10-01 00:00:00 D
Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems-314.36K-29.82K0.00-24.77K
TaxRateForCalcs0.030.030.000.31
NormalizedEBITDA7.82M-3.05M-6.56M244.41K
TotalUnusualItems-12.28M-1.12M0.00-80.88K
TotalUnusualItemsExcludingGoodwill-12.28M-1.12M0.00-80.88K
NetIncomeFromContinuingOperationNetMinorityInterest-1.48M-4.19M-6.68M-338.16K
ReconciledDepreciation749.64K683.02K83.33K105.39K
ReconciledCostOfRevenue12.57M13.76M5.46M5.63M
EBITDA-4.46M-4.16M-6.56M163.53K
EBIT-5.21M-4.85M-6.64M58.14K
NetInterestIncome-125.20K-92.34K25.16K-36.28K
InterestExpense144.03K162.97K41.80K43.24K
InterestIncome18.84K70.62K66.96K6.96K
NormalizedIncome10.48M-3.10M-6.68M-282.04K
NetIncomeFromContinuingAndDiscontinuedOperation-1.48M-4.19M-6.68M-338.16K
TotalExpenses23.19M25.89M15.51M10.68M
RentExpenseSupplemental252.33K302.84K184.18K219.92K
TotalOperatingIncomeAsReported64.77K-4.12M-6.70M59.02K
DilutedAverageShares20.94M20.40M17.92M18.92M
BasicAverageShares20.94M20.40M17.92M18.92M
DilutedEPS-0.07-0.21-0.37-0.02
BasicEPS-0.07-0.21-0.37-0.02
DilutedNIAvailtoComStockholders-1.48M-4.19M-6.68M-338.16K
NetIncomeCommonStockholders-1.48M-4.19M-6.68M-338.16K
NetIncome-1.48M-4.19M-6.68M-338.16K
MinorityInterests3.73M686.81K0.00-11.11K
NetIncomeIncludingNoncontrollingInterests-5.21M-4.88M-6.68M-327.04K
NetIncomeContinuousOperations-5.21M-4.88M-6.68M-327.04K
TaxProvision-136.82K-133.66K-5.92K341.94K
PretaxIncome-5.35M-5.01M-6.68M14.90K
OtherIncomeExpense-12.44M-875.28K-12.47K-88.71K
OtherNonOperatingIncomeExpenses-163.97K241.69K-12.47K-7.83K
SpecialIncomeCharges-7.55M0.000.00-80.88K
OtherSpecialCharges100.00K
WriteOff300.00K0.000.0080.88K
ImpairmentOfCapitalAssets7.15M0.00
GainOnSaleOfSecurity-4.73M-1.12M
NetNonOperatingInterestIncomeExpense-125.20K-92.34K25.16K-36.28K
InterestExpenseNonOperating144.03K162.97K41.80K43.24K
InterestIncomeNonOperating18.84K70.62K66.96K6.96K
OperatingIncome7.22M-4.04M-6.70M139.90K
OperatingExpense10.61M12.11M10.05M5.05M
OtherOperatingExpenses-76.61K
DepreciationAmortizationDepletionIncomeStatement737.54K666.72K76.92K102.41K
DepreciationAndAmortizationInIncomeStatement737.54K666.72K76.92K102.41K
DepreciationIncomeStatement76.92K102.41K
ResearchAndDevelopment729.58K1.02M641.02K510.74K
SellingGeneralAndAdministration9.14M10.50M9.33M4.43M
SellingAndMarketingExpense1.26M1.52M2.83M296.78K
GeneralAndAdministrativeExpense7.89M8.98M6.50M4.14M
OtherGandA3.72M3.39M2.77M1.59M
RentAndLandingFees252.33K302.84K184.18K219.92K
SalariesAndWages3.91M5.30M3.55M2.33M
GrossProfit17.83M8.07M3.35M5.19M
CostOfRevenue12.58M13.78M5.47M5.63M
TotalRevenue30.41M21.85M8.82M10.82M
OperatingRevenue30.41M21.85M8.82M10.82M
Line Item2024-12-312023-12-312022-12-312021-12-31
OrdinarySharesNumber21.94M20.84M17.65M18.92M
ShareIssued21.94M20.84M17.65M18.92M
NetDebt1.27M
TotalDebt3.78M4.89M4.55M6.19M
TangibleBookValue4.65M-2.63M4.81M-558.95K
InvestedCapital6.39M7.44M6.63M2.16M
WorkingCapital2.00M-1.02M4.89M62.92K
NetTangibleAssets4.65M-2.63M4.81M-558.95K
CapitalLeaseObligations2.05M2.62M2.73M3.47M
CommonStockEquity4.65M5.17M4.81M-558.95K
TotalCapitalization5.89M6.94M5.93M1.31M
TotalEquityGrossMinorityInterest3.46M7.67M4.81M-558.95K
MinorityInterest-1.19M2.50M0.000.00
StockholdersEquity4.65M5.17M4.81M-558.95K
OtherEquityInterest-103.94K
GainsLossesNotAffectingRetainedEarnings343.94K331.88K364.84K-15.17K
OtherEquityAdjustments343.94K331.88K364.84K-15.17K
RetainedEarnings-16.24M-14.76M-10.57M-3.90M
AdditionalPaidInCapital20.66M19.59M15.01M3.35M
CapitalStock2.19K2.08K1.76K1.55K
CommonStock2.19K2.08K1.76K1.55K
PreferredStock0.000.000.000.00
TotalLiabilitiesNetMinorityInterest10.50M11.96M7.33M9.68M
TotalNonCurrentLiabilitiesNetMinorityInterest3.08M5.45M3.68M5.13M
OtherNonCurrentLiabilities183.90K208.73K138.02K156.63K
NonCurrentDeferredLiabilities0.001.26M0.00
NonCurrentDeferredTaxesLiabilities0.001.26M0.00
LongTermDebtAndCapitalLeaseObligation2.90M3.97M3.55M4.97M
LongTermCapitalLeaseObligation1.66M2.20M2.42M3.10M
LongTermDebt1.24M1.77M1.12M1.87M
CurrentLiabilities7.42M6.51M3.65M4.55M
OtherCurrentLiabilities1.08M779.17K53.03K729.66K
CurrentDeferredLiabilities1.88M2.17M1.72M1.69M
CurrentDeferredRevenue1.88M2.17M1.72M1.69M
CurrentDebtAndCapitalLeaseObligation880.79K921.70K1.01M1.22M
CurrentCapitalLeaseObligation387.91K413.98K311.16K369.74K
CurrentDebt492.88K507.72K697.88K850.00K
OtherCurrentBorrowings492.88K371.78K697.88K850.00K
LineOfCredit0.00135.94K0.00
PensionandOtherPostRetirementBenefitPlansCurrent723.30K360.22K255.08K
PayablesAndAccruedExpenses3.58M2.64M861.11K913.54K
CurrentAccruedExpenses675.50K723.30K360.22K255.08K
Payables2.91M1.92M500.89K658.45K
DuetoRelatedPartiesCurrent932.001.48K402.001.11K
TotalTaxPayable822.01K162.69K2.75K10.92K
IncomeTaxPayable822.01K162.69K2.75K10.92K
AccountsPayable2.09M1.76M497.74K646.42K
TotalAssets13.97M19.62M12.14M9.12M
TotalNonCurrentAssets4.55M14.13M3.60M4.51M
OtherNonCurrentAssets11.78K71.00661.008.74K
NonCurrentPrepaidAssets348.43K244.40K278.24K
NonCurrentDeferredAssets152.30K369.44K263.34K297.99K
NonCurrentDeferredTaxesAssets152.30K369.44K263.34K297.99K
NonCurrentNoteReceivables223.93K382.95K246.47K340.27K
NonCurrentAccountsReceivable752.93K
FinancialAssets577.79K2.00M0.00
GoodwillAndOtherIntangibleAssets0.007.79M0.00
OtherIntangibleAssets4.52M
Goodwill0.003.28M0.00
NetPPE2.83M3.58M2.85M3.58M
AccumulatedDepreciation-717.41K-679.72K-681.38K-681.83K
GrossPPE3.55M4.26M3.53M4.26M
Leases440.33K496.81K298.64K320.26K
ConstructionInProgress308.00K348.43K
OtherProperties1.94M2.47M2.64M3.32M
MachineryFurnitureEquipment861.93K946.64K586.37K622.99K
Properties0.000.000.000.00
CurrentAssets9.42M5.49M8.54M4.62M
OtherCurrentAssets251.54K234.76K220.07K15.65K
CurrentDeferredAssets0.00180.63K
PrepaidAssets458.84K536.87K538.23K263.77K
Receivables2.09M2.77M599.51K1.02M
DuefromRelatedPartiesCurrent40.14K44.76K48.45K50.56K
NotesReceivable100.00K100.00K0.00
LoansReceivable0.008.34K
AccountsReceivable1.95M2.62M551.06K960.96K
AllowanceForDoubtfulAccountsReceivable0.000.000.000.00
GrossAccountsReceivable1.95M2.62M551.06K960.96K
CashCashEquivalentsAndShortTermInvestments6.62M1.95M7.18M3.14M
OtherShortTermInvestments4.50M942.35K0.00
CashAndCashEquivalents2.12M1.01M7.18M3.14M
CashFinancial1.01M7.18M3.14M
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow-4.78M-4.86M-4.87M730.15K
RepurchaseOfCapitalStock0.00-3.50M0.00
RepaymentOfDebt-571.32K-733.82K-845.22K-932.26K
IssuanceOfDebt143.14K710.11K258.09K0.00
IssuanceOfCapitalStock1.42M0.0013.82M677.95K
CapitalExpenditure-7.45K-526.26K-57.07K-36.15K
InterestPaidSupplementalData143.10K85.63K41.85K25.08K
IncomeTaxPaidSupplementalData298.47K91.71K3.01K9.62K
EndCashPosition2.12M1.01M7.18M3.14M
BeginningCashPosition1.01M7.18M3.14M3.06M
EffectOfExchangeRateChanges-146.98K-188.88K-54.11K-251.25K
ChangesInCash1.26M-5.98M4.09M329.92K
FinancingCashFlow-318.65K136.19K8.92M-257.35K
CashFlowFromContinuingFinancingActivities-318.65K136.19K8.92M-257.35K
NetOtherFinancingCharges-479.24K159.90K-820.66K-3.03K
CashDividendsPaid-834.57K0.00
CommonStockDividendPaid-834.57K0.00
NetCommonStockIssuance1.42M0.0010.32M677.95K
CommonStockPayments0.00-3.50M0.00
CommonStockIssuance1.42M0.0013.82M677.95K
NetIssuancePaymentsOfDebt-428.18K-23.71K-587.13K-932.26K
NetShortTermDebtIssuance-486.42K-1.29K258.09K
ShortTermDebtPayments-554.55K-711.39K
ShortTermDebtIssuance68.14K710.11K258.09K
NetLongTermDebtIssuance58.23K-22.42K-845.22K-932.26K
LongTermDebtPayments-16.77K-22.42K-845.22K-932.26K
LongTermDebtIssuance75.00K0.00258.09K0.00
InvestingCashFlow6.35M-1.78M-12.20K-179.03K
CashFlowFromContinuingInvestingActivities6.35M-1.78M-12.20K-179.03K
NetOtherInvestingChanges42.10K-554.60K44.87K-142.88K
NetInvestmentPurchaseAndSale6.31M0.00
SaleOfInvestment6.39M0.00
PurchaseOfInvestment-75.00K0.00
NetBusinessPurchaseAndSale0.00-724.91K0.00
PurchaseOfBusiness0.00-724.91K0.00
NetPPEPurchaseAndSale-7.45K-501.45K-57.07K-36.15K
SaleOfPPE0.0024.81K0.00
PurchaseOfPPE-7.45K-526.26K-57.07K-36.15K
OperatingCashFlow-4.77M-4.33M-4.81M766.30K
CashFlowFromContinuingOperatingActivities-4.77M-4.33M-4.81M766.30K
ChangeInWorkingCapital1.21M1.02M-10.93K300.29K
ChangeInOtherWorkingCapital-156.53K553.13K239.13K304.54K
ChangeInOtherCurrentLiabilities338.12K-263.79K-479.46K-227.81K
ChangeInOtherCurrentAssets-38.34K-133.55K-201.23K52.01K
ChangeInPayablesAndAccruedExpense1.05M848.06K71.60K594.15K
ChangeInAccruedExpense3.62K152.10K149.62K39.24K
ChangeInPayable1.05M695.96K-78.02K554.91K
ChangeInAccountPayable379.64K532.79K-70.53K553.01K
ChangeInTaxPayable669.14K162.04K-6.92K1.90K
ChangeInIncomeTaxPayable669.14K162.04K-6.92K1.90K
ChangeInPrepaidAssets210.48K359.31K62.20K-81.47K
ChangeInReceivables-193.37K-338.31K296.83K-341.11K
ChangesInAccountReceivables-193.37K-338.31K296.83K-341.11K
OtherNonCashItems-13.07M-3.41M278.38K339.07K
StockBasedCompensation368.74K1.43M1.52M18.79K
UnrealizedGainLossOnInvestmentSecurities2.41M615.52K0.00
AssetImpairmentCharge7.53M0.00
DeferredTax-1.08M-291.60K-1.61K329.83K
DeferredIncomeTax-1.08M-291.60K-1.61K329.83K
DepreciationAmortizationDepletion749.64K683.02K83.33K105.39K
DepreciationAndAmortization749.64K683.02K83.33K105.39K
Depreciation83.33K105.39K
OperatingGainsLosses2.31M496.93K-27.00
GainLossOnInvestmentSecurities2.31M501.44K-27.00
GainLossOnSaleOfPPE1.89K-4.51K0.00
NetIncomeFromContinuingOperations-5.21M-4.88M-6.68M-327.04K
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for HTCR
Date User Asset Broker Type Position Size Entry Price Patterns