Filing Flows › HeartCore Enterprises (HTCR) › Q4 2024
HeartCore Enterprises (HTCR) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 31, 2025
HeartCore Enterprises (HTCR) reported revenue of $1.4M for the fourth quarter 2024 (Q4 2024), -57% from a year earlier and -92% from the quarter before. Operating margin was -671.8%, net loss $12.3M (872.3% of revenue).
HeartCore Enterprises, Q4 2024: revenue $1.4M (-58% year over year), operating margin -671.8%, net loss $12.3M, operating cash flow −$1.3M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.4M | -92% | -57% |
| Operating profit | −$9.5M | — | — |
| Net earnings | −$12.3M | — | — |
| Operating cash flow | −$1.3M | — | — |
What changed
Revenue was $1.4M in Q4 2024, down 57% year over year and down 92% from the previous quarter.
Gross margin was 40.5%, up 37.5 points from a year earlier. Operating costs exceeded revenue by $9.5M, an operating margin of -671.8%. Operating expenses grew 209% against a revenue fall of 57%. The fastest-growing cost line was Sales & marketing (+231%). The quarter ended with a net loss of $12.3M, after a profit of $10.8M the previous quarter. Minority interests bore $3.1M of it: to shareholders the quarter was a loss of $9.3M.
Operating cash flow was −$1.3M. Non-cash charges added back $188K of depreciation and amortization and $132K of share-based compensation. Working capital and other items added $10.7M. Capital expenditures of $3K exceeded it, leaving free cash flow of −$1.3M.
Questions
What was HeartCore Enterprises' revenue in the fourth quarter 2024?
HeartCore Enterprises (HTCR) reported revenue of $1.4M for the fourth quarter 2024 (Q4 2024), -57% from a year earlier and -92% from the quarter before.
Was HeartCore Enterprises profitable in the fourth quarter 2024?
Operating loss was $9.5M (-671.8% of revenue) and net loss $12.3M.