HeartCore Q1 net loss narrows on lower expenses

HeartCore Enterprises

15/05/2026 13:39

Overview

Japan IPO consulting firm's Q1 revenue fell yr/yr due to lower software development sales

Net loss narrowed from prior year, mainly due to lower losses on marketable securities

Company authorized $2 mln share repurchase program

Outlook

Company aims to broaden Go IPO client base aligned with Nasdaq's tightened requirements

Result Drivers

SOFTWARE REVENUE DECLINE - Co said lower Q1 revenue was mainly due to a drop in customized software development and services revenue amid intense competition in the U.S. software market

HIGHER OUTSOURCING COSTS - Co attributed lower gross profit to increased outsourcing fees and higher subcontracting costs for software engineers, as well as additional resources invested to enhance customer experience

LOWER SELLING EXPENSES - Co said operating expenses decreased mainly due to a reduction in selling expenses

Company press release: ID:nGNXc6vH6z

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
$1.24 mln
Q1 Net Income
-$2 mln


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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)