With cash below $1M and no guidance, monitor for potential equity dilution or Nasdaq listing issues. The Go IPO pipeline (16 clients) is the key catalyst—any announced client IPO filing could reverse sentiment.
Price Chart
Executive Summary
HeartCore reported Q1 2026 revenue of $1.2M, down 40.5% YoY from $2.1M, driven by competitive pressures in software services. Net loss improved to $2.0M from $3.1M, but primarily due to lower non-cash fair value losses. Cash fell to $0.8M, and no forward guidance was provided, raising concerns about sustainability.
Key Financial Metrics
Key Facts
- Q1 2026 revenue of $1,245,844 vs $2,093,414 YoY (-40.5%)
- Gross profit fell to $74,045 from $543,774, margin compressed to 5.9%
- Operating cash outflow improved marginally to -$1.15M from -$1.69M
- Cash and equivalents declined to $774,033 from $1,985,962 at year-end 2025
- No numerical revenue or EPS guidance provided
- Regained Nasdaq minimum bid price but still sub-$1M cash runway
Financial Impact
Revenue decline of ~$0.85M QoQ; cash burn rate ~$1.2M per quarter
Risk Factors
- Cash runway less than one quarter at current burn rate
- Declining revenue from core software services with no clear growth catalyst
- Nasdaq compliance remains fragile despite regaining minimum bid
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001493152-26-023376 |
| Document: form8-k.htm | 0001493152-26-023376 |
| Document: 0001493152-26-023376-index-headers.html | 0001493152-26-023376 |
| Document: 0001493152-26-023376-index.html | 0001493152-26-023376 |
| Document: 0001493152-26-023376.txt | 0001493152-26-023376 |
| 8-K Data (Synthetic) | 0001493152-26-023376 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 13, 2026 10w ago | 8-K | $2.46 $2.60 | ▼ −5.69% | ▼ −5.89% | $1.40 (+43.09%) |
Aug 7, 2026 11w ago | 8-K / PRESS-RELEASE | $2.74 $2.85 | ▲ +4.01% | ▲ +4.04% | $1.40 (−48.91%) |
May 15, 2026 23w ago | 8-K | $2.66 $2.63 | ▲ +1.13% | ▲ +1.07% | $1.40 (+47.37%) |
May 15, 2026 23w ago | Press Release | $2.66 $2.63 | ▲ +1.13% | ▲ +1.07% | $1.40 (+47.37%) |
Apr 22, 2026 26w ago | 8-K | $3.41 $3.16 | ▼ −7.33% | ▼ −6.94% | $1.40 (−58.94%) |
Apr 22, 2026 26w ago | Press Release | $3.41 $3.16 | ▼ −7.33% | ▼ −6.94% | $1.40 (−58.94%) |
Apr 1, 2026 29w ago | Press Release | $3.32 $3.40 | ▲ +2.41% | ▲ +2.33% | $1.40 (−57.83%) |
Mar 31, 2026 29w ago | 8-K | $3.32 $3.40 | ▲ +2.41% | ▲ +2.33% | $1.40 (−57.83%) |
US Market Status
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