HeartCore Enterprises, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | $9.0M | $30.4M | $21.8M | $8.8M | $10.8M | $9.0M |
| Cost of Revenue | $5.8M | $12.6M | $13.8M | $5.5M | $5.6M | $5.0M |
| Gross Profit | $3.2M | $14.7M | $8.1M | $3.4M | $5.2M | $4.0M |
| Gross Margin | 35.1% | 48.4% | 36.9% | 38.0% | 47.9% | 44.5% |
| Operating Expenses | ||||||
| Research & Development | — | $179.8K | $1.0M | $641.0K | $510.7K | $311.0K |
| SG&A Expense | $6.0M | $6.9M | $9.7M | $6.6M | $4.3M | $3.2M |
| Operating Income | $-3.1M | $-161.7K | $-4.1M | $-6.7M | $59.0K | $258.7K |
| Operating Margin | -34.8% | -0.5% | -18.9% | -75.9% | 0.5% | 2.9% |
| Interest Expense | $9.9K | $12.0K | $163.0K | $41.8K | $43.2K | — |
| Pretax Income | $-4.1M | $-5.5M | $-5.0M | $-6.7M | $14.9K | $227.3K |
| Income Tax Expense | $44.9K | $-363.2K | $-133.7K | $-5.9K | $341.9K | $72.2K |
| Net Income | $5.8M | $-1.5M | $-4.2M | $-6.7M | $-338.2K | $151.0K |
| Net Margin | 64.6% | -4.9% | -19.2% | -75.7% | -3.1% | 1.7% |
| EPS (Basic) | $0.25 | $-0.07 | $-0.21 | $-0.37 | $-0.02 | $0.01 |
| EPS (Diluted) | $0.22 | $-0.07 | $-0.21 | $-0.37 | $-0.02 | $0.01 |
| Shares Outstanding (Basic) | 23.1M | 20.9M | 20.4M | 17.9M | 15.2M | 14.5M |
| Shares Outstanding (Diluted) | 25.5M | 20.9M | 20.4M | 17.9M | 15.2M | 14.8M |
| Dividends Per Share | — | — | — | — | — | — |