HeartCore Enterprises, Inc. reported its financial results for the second quarter of 2025, revealing a revenue increase of 16.7% to $4.74 million compared to $4.07 million in the same period last year. For the first half of 2025, total revenues reached $8.33 million, a decline from $9.11 million in the first half of 2024. The company achieved a gross profit of $2.22 million for the quarter, significantly up from $805,881 in the prior year, while the gross profit for the six-month period was $3.32 million, compared to $2.84 million in 2024. HeartCore's net income for the second quarter was $1.10 million, a turnaround from a net loss of $1.95 million in the same quarter of 2024.
The company experienced notable changes in its operating expenses, which decreased to $2.11 million for the second quarter of 2025 from $2.31 million in the same period last year. This reduction was primarily driven by lower general and administrative expenses, which fell to $1.56 million from $2.02 million. HeartCore's strategic initiatives included the issuance of Series A convertible preferred shares, which contributed $1.36 million to shareholders' equity, and the expansion of its customer experience management platform, which generated $2.45 million in revenue for the quarter.
Operationally, HeartCore reported an increase in accounts receivable, which rose to $4.06 million as of June 30, 2025, compared to $2.70 million at the end of 2024. The company also noted a significant increase in cash and cash equivalents, which totaled $2.35 million, up from $2.12 million at the end of the previous fiscal year. The total number of common shares outstanding increased to 23.31 million, reflecting ongoing capital-raising efforts. HeartCore's employee headcount remained stable, supporting its operational capabilities as it continues to expand its service offerings.
Looking ahead, HeartCore Enterprises expressed optimism about its growth trajectory, particularly in the software development and consulting sectors. The company plans to leverage its recent acquisitions, including Sigmaways, to enhance its market presence in the United States and abroad. Additionally, HeartCore aims to capitalize on the growing demand for its software solutions, particularly in customer experience management and process automation, as it seeks to improve its market share and operational efficiency in the coming quarters.
About HeartCore Enterprises, Inc.
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