Technology · Software - Application
Price
$3.06
Market Cap
$194,463
Employees
91
Beta
1.62
Avg Volume
85,641
CEO
Sumitaka Yamamoto
Business Description
HeartCore Enterprises, Inc. operates as a software development company, specializing in providing Software as a Service (SaaS) solutions to enterprise clients across Japan and globally. Its core offering includes a robust customer experience management platform that integrates marketing, sales, service, and content management systems, along with various other tools and integrations. This platform is specifically designed to empower companies to elevate customer interactions and enhance overall engagement. Additionally, the company furnishes data analytics services, enabling enterprise businesses to build tailored web experiences for their clientele. HeartCore further supports its customers through a dedicated digital transformation business, which offers solutions like robotics process automation, process mining, and task mining to expedite enterprise-wide digital adoption. Founded in 2009, HeartCore Enterprises, Inc. is headquartered in Tokyo, Japan.
Business History
Price Overview
Price at report time · Jul 4, 4:47am (0m ago)
$3.06
Change · Jul 4
-0.11 (-3.47%)
Day Range
$3.06 – $3.39
52-Week Range
$2.50 – $33.40
50-Day MA
$3.17
200-Day MA
$7.58
Volume
37,581.00
Right now · live
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Real-time — the change above is the move since the report (over 0m).
Share Structure
Outstanding
63,550.00
Float
17,520.00
Free Float
27.6%
Low free float
— 27.6% of shares trade freely, ~72.4% held by insiders/institutions
Below average liquidity. Large orders can move the price significantly. Insiders or strategic holders control the majority — watch for lockup expirations or secondary offerings.
Small absolute float (0.0M shares) — even with a decent free float %, volume can be thin. Check average daily volume before sizing a position.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
APIStock Price / EPS (Diluted)
0.56
Stock Price: $3.06
EPS (Diluted): 4.94
EPS (Diluted): 4.94
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
0.80
Stock Price: $3.06
Total Equity: $8.78M
Shares: 1,272,969
Total Equity: $8.78M
Shares: 1,272,969
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
-0.03
Market Cap: $194,463
Total Debt: $723,386
Cash: $1.99M
EBITDA: -$4.01M
Total Debt: $723,386
Cash: $1.99M
EBITDA: -$4.01M
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$5.8M
Market Cap: $194,463
Total Debt: $723,386
Cash: $1.99M
Total Debt: $723,386
Cash: $1.99M
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
35.1%
Gross Profit: $3.15M
Revenue: $8.97M
Revenue: $8.97M
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
-33.2%
Operating Income: -$2.98M
Revenue: $8.97M
Revenue: $8.97M
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
64.6%
Net Income: $5.79M
Revenue: $8.97M
Revenue: $8.97M
ROE (Profit from shareholder equity)
APINet Income / Total Equity
109.1%
Net Income: $5.79M
Total Equity: $8.78M
Total Equity: $8.78M
ROIC (Profit from all invested capital)
APINOPAT / Invested Capital
-40.4%
Operating Income: -$2.98M
Tax Rate: -1.1%
Equity: $8.78M
Total Debt: $723,386
Cash: $1.99M
Tax Rate: -1.1%
Equity: $8.78M
Total Debt: $723,386
Cash: $1.99M
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
1.58
Current Assets: $8.42M
Current Liabilities: $5.33M
Current Liabilities: $5.33M
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
0.08
Short-Term Debt: $275,010
Long-Term Debt: $448,376
Total Debt: $723,386
Total Equity: $8.78M
Long-Term Debt: $448,376
Total Debt: $723,386
Total Equity: $8.78M
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$7.05
Revenue: $8.97M
Shares: 1,272,969
Shares: 1,272,969
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$6.90
Total Equity: $8.78M
Shares: 1,272,969
Shares: 1,272,969
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$-3.12
Operating CF: -$3.97M
CapEx: $0.00
Shares: 1,272,969
CapEx: $0.00
Shares: 1,272,969
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
47.0%
Last Dividend: N/A
Stock Price: $3.06
Stock Price: $3.06
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $5.79M
Net Income: $5.79M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares HTCR against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jul 4, 2026 4:47am (just now)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $10.8M | $8.8M | $21.8M | $30.4M | $9.0M |
| Cost of Revenue | $5.6M | $5.5M | $13.8M | $12.6M | $5.8M |
| Gross Profit | $5.2M | $3.4M | $8.1M | $17.8M | $3.2M |
| Operating Expenses | $5.1M | $10.0M | $12.2M | $17.8M | $6.1M |
| Operating Income | $59,018 | -$6.7M | -$4.1M | $64,765 | -$3.0M |
| Net Income | $-338,156 | -$6.7M | -$4.2M | -$1.5M | $5.8M |
| EBITDA | $163,535 | -$6.6M | -$4.2M | -$4.5M | -$4.0M |
| EPS | $-0.35 | $-7.57 | $-4.11 | $-1.41 | $4.94 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jul 4, 2026 4:47am (just now)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $3.1M | $7.2M | $1.0M | $2.1M | $2.0M |
| Total Current Assets | $4.6M | $8.5M | $5.5M | $9.4M | $8.4M |
| Total Assets | $9.1M | $12.1M | $19.6M | $14.0M | $13.1M |
| Current Liabilities | $4.6M | $3.6M | $6.5M | $7.4M | $5.3M |
| Long-Term Debt | $1.9M | $1.1M | $1.8M | $1.2M | $448,376 |
| Total Liabilities | $9.7M | $7.3M | $12.0M | $10.5M | $5.8M |
| Total Equity | $-558,952 | $4.8M | $5.2M | $4.7M | $8.8M |
| Retained Earnings | -$3.9M | -$10.6M | -$14.8M | -$16.2M | -$13.8M |
Cash Flow (Annual)
Last updated: Jul 4, 2026 4:47am (just now)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $766,300 | -$4.8M | -$4.3M | -$4.8M | -$4.0M |
| Capital Expenditure | $-36,153 | $-57,071 | $-526,260 | $-7,446 | $0 |
| Free Cash Flow | $730,147 | -$4.9M | -$4.9M | -$4.8M | -$4.0M |
| Acquisitions (net) | $0 | $0 | $-724,910 | $0 | $0 |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | $0 | -$3.5M | $0 | $0 | $0 |
| Net Change in Cash | $78,664 | $4.0M | -$6.2M | $1.1M | $12,152 |
Analyst Estimates (Annual)
Last updated: Jul 4, 2026 4:47am (just now)| Metric | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| Revenue |
$21.8M $21.8M – $21.8M
|
$33.4M $30.7M – $36.1M
|
$22.5M $22.5M – $22.5M
|
$26.6M $26.6M – $26.6M
|
| EBITDA |
-$4.5M -$4.5M – -$4.5M
|
-$10.1M -$10.9M – -$9.3M
|
-$6.8M -$6.8M – -$6.8M
|
-$8.0M -$8.0M – -$8.0M
|
| Net Income |
-$4.4M -$18.7M – $8.8M
|
$11.1M $11.1M – $11.1M
|
$-763,782 $-763,782 – $-763,782
|
$2.3M $2.3M – $2.3M
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jul 4, 2026 4:47am (just now)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | -18.5% | +147.7% | +39.2% | -70.5% |
| Gross Profit Growth | -35.4% | +140.7% | +121.0% | -82.3% |
| Operating Income Growth | -11,445.8% | +38.5% | +101.6% | -4,693.8% |
| Net Income Growth | -1,874.7% | +37.3% | +64.6% | +491.1% |
| EBITDA Growth | -4,107.5% | +36.5% | -7.0% | +10.1% |
Insider Trading (Recent)
Type codes
PPurchase
SSale
AAward / grant
MOption exercise
FIn-kind (tax)
CConversion
GGift
DReturn to issuer
All SEC Form 4 codes
Open market
- P Purchase
- Open-market or private purchase of shares.
- S Sale
- Open-market or private sale of shares.
Compensation (Rule 16b-3)
- A Award / grant
- Grant or award of securities (RSUs, options, etc.) under Rule 16b-3.
- D Return to issuer
- Securities disposed back to the company under Rule 16b-3.
- F In-kind (tax)
- Shares withheld or delivered to pay the option-exercise price or tax — not an open-market sale.
- I Discretionary
- Discretionary transaction under an employee plan — Rule 16b-3(f).
- M Option exercise
- Exercise or conversion of a derivative (option/RSU) into shares — exempt.
Derivatives
- C Conversion
- Conversion of a derivative security into the underlying shares.
- E Short expiration
- Expiration of a short derivative position.
- H Long expiration
- Expiration or cancellation of a long derivative position with value received.
- O OTM exercise
- Exercise of an out-of-the-money derivative.
- X ITM exercise
- Exercise of an in-the-money or at-the-money derivative.
Other exempt
- G Gift
- Bona fide gift of securities.
- L Small acquisition
- Small acquisition under Rule 16a-6.
- W Inheritance
- Acquisition or disposition by will or the laws of descent.
- Z Voting trust
- Deposit into or withdrawal from a voting trust.
Other
- J Other
- Other acquisition or disposition (explained in a Form 4 footnote).
- K Equity swap
- Transaction in an equity swap or similar instrument.
- U Tender / buyout
- Disposition via tender of shares in a change-of-control transaction.
Compensation-plan codes (A, D, F, M) are routine and rarely directional. Open-market P (buy) and S (sale) carry the most signal.
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2025-05-29 | Yasui Daishin | S-Sale | 50,000.00 | $0.67 | $33,440 |
| 2025-05-30 | Yasui Daishin | S-Sale | 60,000.00 | $0.70 | $42,000 |
| 2025-05-20 | Yasui Daishin | S-Sale | 10,000.00 | $0.56 | $5,600 |
| 2025-05-21 | Yasui Daishin | S-Sale | 869.00 | $0.61 | $530 |
| 2025-03-21 | Yasui Daishin | S-Sale | 2,500.00 | $1.06 | $2,638 |
| 2025-03-19 | Yasui Daishin | S-Sale | 300.00 | $0.95 | $285 |
| 2022-02-09 | Yasui Daishin | 0.00 | $0.00 | $0 | |
| 2024-11-19 | Kuno Keisuke | S-Sale | 10,000.00 | $1.26 | $12,600 |
| 2024-11-19 | Kuno Keisuke | S-Sale | 10,000.00 | $1.27 | $12,700 |
| 2024-11-19 | Kuno Keisuke | S-Sale | 6,000.00 | $1.28 | $7,680 |
| 2023-06-15 | Yamamoto Sumitaka | S-Sale | 7,110.00 | $1.47 | $10,427 |
| 2024-10-01 | Yamamoto Sumitaka | A-Award | 45,938.00 | $0.00 | $0 |
| 2024-10-01 | Kuno Keisuke | A-Award | 9,355.00 | $0.00 | $0 |
| 2024-10-01 | Gao Qizhi | A-Award | 6,050.00 | $0.00 | $0 |
| 2024-10-01 | Hosaka Kimio | A-Award | 8,310.00 | $0.00 | $0 |
| 2023-11-16 | Kuno Keisuke | P-Purchase | 26,000.00 | $0.59 | $15,340 |
| 2023-11-16 | Hosaka Kimio | P-Purchase | 6,000.00 | $0.50 | $3,000 |
| 2023-11-15 | Yamamoto Sumitaka | P-Purchase | 10,012.00 | $0.51 | $5,079 |
| 2023-06-22 | Yamamoto Sumitaka | S-Sale | 14,913.00 | $1.61 | $23,980 |
| 2023-06-23 | Yamamoto Sumitaka | S-Sale | 7,900.00 | $1.61 | $12,696 |
Dividend History (Last 20)
Last updated: Jul 4, 2026 4:47am (just now)| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2025-11-10 | $0.13 | 2025-10-19 | 2025-11-10 | 2025-11-17 |
| 2024-08-19 | $0.02 | 2024-07-22 | 2024-08-19 | 2024-08-26 |
| 2024-04-25 | $0.02 | 2024-04-01 | 2024-04-26 | 2024-05-03 |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for HTCR — it's generated by the pipeline (
market-narrative step).
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My Notes
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.375 · 8810b4cb · 2026-07-03 16:26:33