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HeartCore Enterprises, Inc. (HTCR) 10-Year Financial Performance & Capital Metrics

HTCR • • Industrial / General
TechnologyApplication SoftwareMarketing & Customer EngagementCustomer Analytics
AboutHeartCore Enterprises, Inc., a software development company, provides Software as a Service solutions to enterprise customers in Japan and internationally. Its customer experience management platform includes marketing, sales, service, and content management systems, as well as other tools and integrations, which enable companies to enhance the customer experience and drive engagement. The company also provides data analytics services that allow enterprise businesses to create web experiences for their clients. In addition, it operates a digital transformation business that provides customers with robotics process automation, process mining, and task mining to accelerate the digital transformation of enterprises. The company was founded in 2009 and is headquartered in Tokyo, Japan.Show more
  • Revenue $30M +39.2%
  • EBITDA $814K +123.7%
  • Net Income -$1M +64.6%
  • EPS (Diluted) -0.07 +66.3%
  • Gross Margin 58.63% +58.8%
  • EBITDA Margin 2.68% +117.0%
  • Operating Margin 0.21% +101.1%
  • Net Margin -4.87% +74.6%
  • ROE -26.62% +60.4%
  • ROIC 0.58% +101.3%
  • Debt/Equity 1.09 +71.0%
  • Interest Coverage 0.45 +101.8%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓High quality earnings: Operating CF exceeds net income
  • ✓Strong 5Y sales CAGR of 33.4%
  • ✓Efficient asset utilization: 2.2x turnover

✗Weaknesses

  • ✗Negative free cash flow
  • ✗Weak momentum: RS Rating 5 (bottom 5%)
  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y33.36%
3Y41.11%
TTM-51.25%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM-319.66%

EPS CAGR

10Y-
5Y-
3Y-
TTM-323.3%

ROCE

10Y Avg-27.19%
5Y Avg-26.81%
3Y Avg-46.67%
Latest0.66%

Peer Comparison

Customer Analytics
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Profit & Loss

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+7.21M9.03M10.82M8.82M21.85M30.41M
Revenue Growth %-0.25%0.2%-0.19%1.48%0.39%
Cost of Goods Sold+4.55M5.01M5.63M5.47M13.78M12.58M
COGS % of Revenue0.63%0.55%0.52%0.62%0.63%0.41%
Gross Profit+2.66M4.02M5.19M3.35M8.07M17.83M
Gross Margin %0.37%0.45%0.48%0.38%0.37%0.59%
Gross Profit Growth %-0.51%0.29%-0.35%1.41%1.21%
Operating Expenses+3.93M3.76M5.13M10.05M12.19M17.76M
OpEx % of Revenue0.54%0.42%0.47%1.14%0.56%0.58%
Selling, General & Admin3.43M3.45M4.43M9.41M10.5M9.14M
SG&A % of Revenue0.48%0.38%0.41%1.07%0.48%0.3%
Research & Development332.7K311.05K510.74K641.02K1.02M729.58K
R&D % of Revenue0.05%0.03%0.05%0.07%0.05%0.02%
Other Operating Expenses169.11K0183.29K-12.47K666.72K7.89M
Operating Income+-1.27M258.7K59.02K-6.7M-4.12M64.77K
Operating Margin %-0.18%0.03%0.01%-0.76%-0.19%0%
Operating Income Growth %-1.2%-0.77%-114.46%0.38%1.02%
EBITDA+-1.14M380.91K164.41K-6.61M-3.44M814.4K
EBITDA Margin %-0.16%0.04%0.02%-0.75%-0.16%0.03%
EBITDA Growth %-1.33%-0.57%-41.19%0.48%1.24%
D&A (Non-Cash Add-back)124.41K122.21K105.39K87.88K683.02K749.64K
EBIT-1.27M277.48K58.14K-6.64M-4.85M-5.21M
Net Interest Income+-48.68K-46.49K-36.28K25.16K-92.34K-125.2K
Interest Income123.71K6.96K66.96K70.62K18.84K
Interest Expense48.69K50.2K43.24K41.8K162.97K144.03K
Other Income/Expense-50.21K-31.42K-44.12K12.7K-891.01K-5.41M
Pretax Income+-1.32M227.28K14.9K-6.68M-5.01M-5.35M
Pretax Margin %-0.18%0.03%0%-0.76%-0.23%-0.18%
Income Tax+-56.06K72.22K341.94K-5.92K-133.66K-136.82K
Effective Tax Rate %0.93%0.66%-22.69%1%0.84%0.28%
Net Income+-1.22M150.96K-338.16K-6.68M-4.19M-1.48M
Net Margin %-0.17%0.02%-0.03%-0.76%-0.19%-0.05%
Net Income Growth %-1.12%-3.24%-18.75%0.37%0.65%
Net Income (Continuing)-1.26M155.06K-327.04K-6.68M-4.88M-5.21M
Discontinued Operations000000
Minority Interest351.22K353.82K002.5M-1.19M
EPS (Diluted)+-0.070.01-0.02-0.38-0.21-0.07
EPS Growth %-1.12%--21.49%0.45%0.66%
EPS (Basic)-0.070.01-0.02-0.38-0.21-0.07
Diluted Shares Outstanding19.37M19.37M19.37M17.65M20.4M20.94M
Basic Shares Outstanding19.37M19.37M19.37M17.65M20.4M20.94M
Dividend Payout Ratio------

Balance Sheet

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+1.93M4.28M4.62M8.54M5.49M9.42M
Cash & Short-Term Investments535.29K3.06M3.14M7.18M1.95M6.62M
Cash Only535.29K3.06M3.14M7.18M1.01M2.12M
Short-Term Investments0000942.35K4.5M
Accounts Receivable925.21K744.58K1.02M599.51K2.77M2.09M
Days Sales Outstanding46.8430.1134.424.8146.2625.09
Inventory423.59K00000
Days Inventory Outstanding34-----
Other Current Assets47.7K63.88K15.65K220.07K234.76K251.54K
Total Non-Current Assets+6.01M6.08M4.51M3.6M14.13M4.55M
Property, Plant & Equipment4.87M4.67M3.58M2.85M3.23M2.52M
Fixed Asset Turnover1.48x1.93x3.02x3.10x6.76x12.06x
Goodwill00003.28M0
Intangible Assets196.71K0004.52M0
Long-Term Investments198.5K400.85K340.27K246.47K2.39M577.79K
Other Non-Current Assets26.18K328.82K286.97K245.06K348.5K1.3M
Total Assets+7.94M10.36M9.12M12.14M19.62M13.97M
Asset Turnover0.91x0.87x1.19x0.73x1.11x2.18x
Asset Growth %-0.3%-0.12%0.33%0.62%-0.29%
Total Current Liabilities+3.59M4.12M4.55M3.65M6.51M7.42M
Accounts Payable307.18K269.87K646.42K497.74K1.76M2.09M
Days Payables Outstanding24.6519.6741.8733.2346.5560.54
Short-Term Debt625.39K1.38M1.22M1.01M507.72K492.88K
Deferred Revenue (Current)1000K1000K1000K1000K1000K1000K
Other Current Liabilities226.95K187.8K730.77K53.43K779.17K1.08M
Current Ratio0.54x1.04x1.01x2.34x0.84x1.27x
Quick Ratio0.42x1.04x1.01x2.34x0.84x1.27x
Cash Conversion Cycle56.19-----
Total Non-Current Liabilities+6.43M7.29M5.13M3.68M5.45M3.08M
Long-Term Debt1.97M3.02M1.87M1.12M1.77M1.24M
Capital Lease Obligations4.28M4.08M3.1M2.42M2.2M1.66M
Deferred Tax Liabilities00001.26M0
Other Non-Current Liabilities185.82K185.48K156.63K138.02K208.73K183.9K
Total Liabilities10.03M11.42M9.68M7.33M11.96M10.5M
Total Debt+7.3M8.49M6.19M4.55M4.89M3.78M
Net Debt6.76M5.43M3.05M-2.62M3.88M1.66M
Debt / Equity---0.95x0.64x1.09x
Debt / EBITDA-22.29x37.66x--4.64x
Net Debt / EBITDA-14.27x18.58x--2.03x
Interest Coverage-26.02x5.15x1.36x-160.19x-25.28x0.45x
Total Equity+-2.08M-1.06M-558.95K4.81M7.67M3.46M
Equity Growth %-0.49%0.47%9.6%0.59%-0.55%
Book Value per Share-0.11-0.05-0.030.270.380.17
Total Shareholders' Equity-2.43M-1.41M-558.95K4.81M5.17M4.65M
Common Stock1.36K1.52K1.55K1.76K2.08K2.19K
Retained Earnings-4.17M-4.01M-3.9M-10.57M-14.76M-16.24M
Treasury Stock000000
Accumulated OCI-72.5K-136.89K-15.17K364.84K331.88K343.94K
Minority Interest351.22K353.82K002.5M-1.19M

Cash Flow

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-685.8K745.75K766.3K-4.81M-4.33M-4.77M
Operating CF Margin %-0.1%0.08%0.07%-0.55%-0.2%-0.16%
Operating CF Growth %-2.09%0.03%-7.28%0.1%-0.1%
Net Income-1.26M155.06K-327.04K-6.68M-4.19M-5.21M
Depreciation & Amortization124.41K114.47K105.39K83.33K683.02K749.64K
Stock-Based Compensation0018.79K1.52M1.43M368.74K
Deferred Taxes-62.66K69.59K329.83K-1.61K-291.6K-1.08M
Other Non-Cash Items330.98K351.38K339.05K278.38K-2.99M-815.29K
Working Capital Changes178.25K55.24K300.29K-10.93K1.02M1.21M
Change in Receivables145K237.57K-341.11K296.83K-337.19K-193.37K
Change in Inventory137.5K-357.64K-216.14K000
Change in Payables-105.07K12.12K553.01K-70.53K532.79K379.64K
Cash from Investing+-464.02K-401.15K-179.03K-12.2K-1.78M6.35M
Capital Expenditures-30.82K-27.17K-36.15K-57.07K-526.26K-7.45K
CapEx % of Revenue0%0%0%0.01%0.02%0%
Acquisitions------
Investments------
Other Investing-433.2K-373.98K-142.88K44.87K-529.78K42.1K
Cash from Financing+875.71K2.06M-257.35K8.92M136.19K-318.65K
Debt Issued (Net)------
Equity Issued (Net)------
Dividends Paid00000-834.57K
Share Repurchases------
Other Financing447.4K-11.52K-3.03K13M159.9K-479.24K
Net Change in Cash------
Free Cash Flow+-716.63K718.58K730.15K-4.87M-4.86M-4.78M
FCF Margin %-0.1%0.08%0.07%-0.55%-0.22%-0.16%
FCF Growth %-2%0.02%-7.66%0%0.02%
FCF per Share-0.040.040.04-0.28-0.24-0.23
FCF Conversion (FCF/Net Income)0.56x4.94x-2.27x0.72x1.03x3.22x
Interest Paid34.66K26.73K25.08K41.85K85.63K143.1K
Taxes Paid4.19K5.43K9.62K3.01K91.71K298.47K

Key Ratios

Metric201920202021202220232024
Return on Equity (ROE)----314.33%-67.18%-26.62%
Return on Invested Capital (ROIC)-20.29%4.29%1.29%-214.61%-44.99%0.58%
Gross Margin36.92%44.52%47.94%38%36.93%58.63%
Net Margin-16.97%1.67%-3.12%-75.72%-19.18%-4.87%
Debt / Equity---0.95x0.64x1.09x
Interest Coverage-26.02x5.15x1.36x-160.19x-25.28x0.45x
FCF Conversion0.56x4.94x-2.27x0.72x1.03x3.22x
Revenue Growth-25.21%19.9%-18.52%147.73%39.19%

Revenue by Segment

202120222023
Software as a Service (SaaS)--635.93K
Software as a Service (SaaS) Growth---
Process Mining737.5K499.72K399.3K
Process Mining Growth--32.24%-20.10%
Task Mining353.79K337.95K376.68K
Task Mining Growth--4.48%11.46%
Robotic Process Automation600.32K394.83K325.99K
Robotic Process Automation Growth--34.23%-17.44%
Others305.38K182.91K144.83K
Others Growth--40.10%-20.82%
Customer Experience Management Platform8.83M5.95M-
Customer Experience Management Platform Growth--32.53%-
Maintenance And Support Service-2.96M-
Maintenance And Support Service Growth---
Software Development And Other Miscellaneous Services-2.05M-
Software Development And Other Miscellaneous Services Growth---
On Premise Software-1.86M-
On Premise Software Growth---
Consulting Service-1.45M-
Consulting Service Growth---
Maintenance and Support Service3.62M--
Maintenance and Support Service Growth---
On-Premise Software3.61M--
On-Premise Software Growth---
Software Development and Other Miscellaneous Services2.98M--
Software Development and Other Miscellaneous Services Growth---
Software as a Service ("SaaS")617.03K--
Software as a Service ("SaaS") Growth---

Frequently Asked Questions

Growth & Financials

HeartCore Enterprises, Inc. (HTCR) reported $14.8M in revenue for fiscal year 2024. This represents a 105% increase from $7.2M in 2019.

HeartCore Enterprises, Inc. (HTCR) grew revenue by 39.2% over the past year. This is strong growth.

HeartCore Enterprises, Inc. (HTCR) reported a net loss of $10.8M for fiscal year 2024.

Dividend & Returns

Yes, HeartCore Enterprises, Inc. (HTCR) pays a dividend with a yield of 12.61%. This makes it attractive for income-focused investors.

HeartCore Enterprises, Inc. (HTCR) has a return on equity (ROE) of -26.6%. Negative ROE indicates the company is unprofitable.

HeartCore Enterprises, Inc. (HTCR) had negative free cash flow of $4.3M in fiscal year 2024, likely due to heavy capital investments.

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