HeartCore Enterprises Inc (NASDAQ:HTCR) CEO Sumitaka Kanno talked with Proactive's Stephen Gunnion about the company’s strong third-quarter performance and future outlook. The company achieved a record-breaking $17.9 million in revenue, marking a 281% growth. Kanno highlighted that its Go IPO business, which assists Japanese companies in listing on US stock exchanges, contributed about $14 million of this revenue. The company also reported net profit of $10 million.
Kanno shared updates on HeartCore’s software business, including the development of an AI-driven CMS platform and a shift toward multi-year licensing agreements. The company expects the fourth quarter to continue this growth trajectory, with projections to double last year's revenue.
"The good thing is, we can select good companies who have good revenue, good profit, or excellent customers," said Kanno, emphasizing their strong client pipeline and innovations in software as a service.