Continued revenue decline and thin cash reserves raise going concern risk. Watch next quarter's pipeline conversions and cash burn rate; the $2M buyback is insignificant relative to cash needs.
Price Chart
Executive Summary
HeartCore Enterprises reported Q1 2026 revenue of $1.2M, down 40.5% YoY from $2.1M, driven by declines in customized software development and consulting services. Net loss improved to -$1.9M from -$3.1M, but cash burn continues with only $0.8M in cash. The company authorized a $2M buyback but faces significant operational headwinds.
Key Financial Metrics
Key Facts
- Q1 2026 revenue $1.2M vs $2.1M YoY, down 40.5%
- Net loss per share -$1.49 vs -$2.80 YoY
- Gross profit $74K vs $0.5M YoY, gross margin ~5.9%
- Cash and cash equivalents $0.8M as of March 31, 2026
- Operating cash flow -$1.15M in Q1 2026
- Authorized $2.0M share repurchase program
- 16 Go IPO clients engaged as of March 31, 2026
Financial Impact
Revenue decline of $0.85M YoY; net loss improvement of $1.2M primarily due to lower fair value losses on securities
Risk Factors
- Cash depletion: only $0.8M cash on hand with negative operating cash flow
- Revenue concentration in Go IPO segment with selective Nasdaq listing environment
- Intense competition in U.S. software market pressuring customized development revenue
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3295827 |
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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