HeartCore Enterprises, Inc. (HTCR)

HeartCore Enterprises Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	29.63	30.41	21.85	8.82	10.82	9.03
Revenue Growth (YoY)	72.95%	39.19%	147.73%	-18.52%	19.90%	25.21%
Cost of Revenue	11.32	12.58	13.78	5.47	5.63	5.01
Gross Profit	18.31	17.83	8.07	3.35	5.19	4.02
Selling, General & Admin	9.22	9.88	11.17	9.41	4.62	3.45
Research & Development	0.81	0.73	1.02	0.64	0.51	0.31
Operating Expenses	10.03	10.61	12.19	10.05	5.13	3.76
Operating Income	8.27	7.22	-4.12	-6.7	0.06	0.26
Interest Expense	-0.13	-0.14	-0.16	-0.04	-0.04	-0.05
Interest & Investment Income	0.02	0.02	0.07	0.07	0.01	0
Other Non Operating Income (Expenses)	-0.22	-0.16	0.32	-0.01	-0.01	0.02
EBT Excluding Unusual Items	7.94	6.93	-3.89	-6.68	0.01	0.23
Impairment of Goodwill	-3.28	-3.28	-	-	-	-
Gain (Loss) on Sale of Investments	-4.21	-5.03	-1.12	-	-	-
Asset Writedown	-3.88	-3.88	-	-	-	-
Other Unusual Items	-0.1	-0.1	-	-	-	-
Pretax Income	-3.53	-5.35	-5.01	-6.68	0.01	0.23
Income Tax Expense	0.07	-0.14	-0.13	-0.01	0.34	0.07
Earnings From Continuing Operations	-3.6	-5.21	-4.88	-6.68	-0.33	0.16
Minority Interest in Earnings	3.42	3.73	0.69	-	-0.01	-0
Net Income	-0.18	-1.48	-4.19	-6.68	-0.34	0.15
Net Income to Common	-0.18	-1.48	-4.19	-6.68	-0.34	0.15
Shares Outstanding (Basic)	22	21	20	18	15	14
Shares Outstanding (Diluted)	22	21	20	18	15	15
Shares Change (YoY)	3.32%	2.63%	13.85%	17.58%	3.23%	15.52%
EPS (Basic)	-0.01	-0.07	-0.21	-0.37	-0.02	0.01
EPS (Diluted)	-0.01	-0.07	-0.21	-0.37	-0.02	0.01
Free Cash Flow	-5.68	-4.78	-4.86	-4.87	0.73	0.72
Free Cash Flow Per Share	-0.26	-0.23	-0.24	-0.27	0.05	0.05
Dividend Per Share	-	0.040	-	-	-	-
Gross Margin	61.80%	58.63%	36.93%	38.00%	47.94%	44.52%
Operating Margin	27.93%	23.74%	-18.86%	-75.93%	0.55%	2.87%
Profit Margin	-0.62%	-4.87%	-19.18%	-75.72%	-3.13%	1.67%
Free Cash Flow Margin	-19.18%	-15.73%	-22.23%	-55.18%	6.75%	7.96%
EBITDA	8.69	7.97	-3.44	-6.61	0.16	0.37
EBITDA Margin	29.33%	26.21%	-15.73%	-74.99%	1.52%	4.13%
D&A For EBITDA	0.42	0.75	0.68	0.08	0.11	0.11
EBIT	8.27	7.22	-4.12	-6.7	0.06	0.26
EBIT Margin	27.93%	23.74%	-18.86%	-75.93%	0.55%	2.87%
Effective Tax Rate	-	-	-	-	2294.78%	31.77%
Advertising Expenses	-	0	0	1.92	0.2	0.1

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q