HTCR - NASDAQ-Listed HeartCore Inc. Looks Back On The Past Year With Pride
(NewsDirect)
By David Willey, Benzinga
As the market settlesinto its new year, companies are gearing up for the fresh challenge ofa new quarter and are looking to build on the successes of the pasttwelve months. Software-as-a-Service (SaaS) company HeartCoreEnterprises Inc. (NASDAQ: HTCR) may have every reason to look backwith pride as it takes stock of a previous year filled with excitingdevelopments that could point to a promising 2023.
The looming recessionhas given the 2022 market its share of difficulties, but Japan-basedHeartCore has had some wins throughout the year. A digitaltransformation, customer experience management and IPO consultingcompany, HeartCore has established itself in a software business andservices market worth over$121 billion . Other companies in the space include InfobirdCo. (NASDAQ: IFBD), Zendesk (NYSE: ZEN) and HubSpot (NYSE: HUBS).
Thefirst half of the year saw exciting developments for the company asHeartCore became only the third Japanese company to liston the NASDAQ market . It has since launched “ GoIPO ” - a consulting service to help other Japanese companiesnavigate the complex processes of making an initial public offering(IPO).
As part of its consultancyexpertise, HeartCore signeda consulting and services agreement with SBC Medical Group,Inc. (SBC) to aid in SBC’s uplisting process. The companyexpects to generate $900,000 in sales fees through this and severalsimilar service agreements.
Looking Back On 2022 - And ForwardTo 2023
As perthe company’s Q1report for 2022 , the company saw a gross profit increase of74%, gross proceeds from the IPO totaling $15 million, and a globalenterprise customer base increase to 858 over the first quarter.Confident in the trajectory of the company’s growth, the board thenauthorized a sharebuyback of $3.5 million.
The company launched a couple of major products andservices over the year, including its e-commerce RobotStore which provides Robot Automation Processes (RPA)services. These RPA bots are part of HeartCore’s digitaltransformative services to help clients automate and integrate keytasks, such as invoice processing, employee onboarding, ERP dataentry, and more.
It also launched its truRes-12K .The company says this product is the first 360° real-time virtualreality (VR) camera that is compatible with 12k resolution. Comparedwith alternative cameras that capture in 4 or 8k, the product offers ahigh-resolution VR experience which the company especially markets tothe medical, manufacturing, aerospace, e-commerce and travelsectors.
HeartCorealso recentlyacquired the American information technology (IT) company Sigmaways . This important acquisition represents a verticalintegration for the company, providing HeartCore with in-housesolutions it previously outsourced. It extends the company’s digitalsolutions, and both companies profit from cross-selling and upsellingto their respective client bases.
At the end of October, the company licensed its product Apromore to Japanese tech company Transcosmos DigitalTechnology Inc. (TCDT). This advanced process mining tool willprovide TCDT with increased business visualization and is part ofHeartCore’s commitment to providing businesses with cutting-edgedigital transformations.
The company has plans to build on this past year of developmentand growth as it advances into 2023.
To learn more about HeartCore, visit its website .
This article was originally published onBenzinga here .
Headquarteredin Tokyo, Japan, HeartCore Enterprises, Inc. is a leading softwaredevelopment company offering Software as a Service (SaaS) solutions toenterprise customers in Japan and worldwide. The Company also providesdata analytics to create tailored web experiences for their enterpriseclients. HeartCore’s customer experience management platform (CXMPlatform) includes marketing, sales, service, and content managementsystems, as well as other tools and integrations, which enablecompanies to enhance the customer experience and drive engagement.HeartCore also operates a digital transformation business thatprovides customers with robotics process automation, process mining,and task mining to accelerate the digital transformation ofenterprises.
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ContactDetails
TraDigital IR - Malaika Temu
CompanyWebsite
https://heartcore-enterprises.com/
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