Why Heartcore Enterprises Shares Are Soaring Today

  • Heartcore Enterprises, Inc HTCR board approved a share buyback of $3.5 million.
  • Heartcore held $13.9 million in cash and equivalents as of March 31 and used $2.4 million in operating cash flow.
  • CEO Sumitaka Yamamoto said, "With the continuous growth of our core CMS and Digital Transformation businesses, supplemented by our latest Go IPO consulting service, we believe we are poised for a strong 2022 as we look to expand our footprint across Japan and the international markets."
  • Heartcore reported first-quarter FY22 revenue growth of 8% year-on-year to $2.3 million, aided by higher sales of on-premises software.
  • EPS loss was $(0.09).
  • Price Action: HTCR shares traded higher by 16.70% at $1.19 on the last check Wednesday.

Posted In: Briefswhy it's movingNewsPenny StocksBuybacksMoversTechTrading Ideas

Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on Bankrate.com. The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.

All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the Bankrate.com rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.

Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.

Rate collection and criteria: Click here for more information on rate collection and criteria.