HeartCore Enterprises, Inc. 1Q 2026: Revenue $1.25M, EPS $(1.49) — 10-Q Summary

HeartCore Enterprises, Inc. reported first-quarter 2026 results showing revenue of $1.25M and a net loss attributable to common shareholders of $1.9M, or diluted EPS of $(1.49), reflecting revenue declines and narrower losses versus the year-ago quarter — 10-Q Summary.Financial HighlightsRevenue: $1.246M for Q1 2026, down from $2.093M in the year-ago quarter ( (40.5%) YoY).Net income: Net loss attributable to common shareholders $1.900M for Q1 2026, improved from a loss of $3.087M in Q1 2025 (loss narrowed YoY).Diluted EPS: $(1.49) for Q1 2026, versus $(2.80) in the year-ago quarter (improved YoY).Business HighlightsStrategic shift: Company transitioned away from its Japan software business to focus on U.S. listings advisory, targeting Japanese companies seeking U.S. IPOs.Revenue trend: Revenues declined roughly 40% year-over-year, driven by decreased customized software development sales and increased competition in the U.S. market.Client pipeline and fee structure: Engaged 16 IPO clients; consulting fees range from $380K to $900K plus warrants equal to 1%–4% of issuers’ diluted equity.Operational actions: Completed sale of its Japan software subsidiary on Oct. 31, 2025, and implemented cost controls at HeartCore Luvina.Corporate and market actions: Regained Nasdaq minimum bid compliance, completed a 1-for-20 reverse split and initiated a $2M share repurchase program.Original SEC Filing: HeartCore Enterprises, Inc. [ HTCR ] - 10-Q - May. 15, 2026DisclaimerThis is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.