HeartCore Enterprises, Inc. (HTCR) has authorized a share repurchase program for up to $2.0 million of its common stock, giving the company the flexibility to buy back shares through open‑market transactions, private negotiations, or other permissible means, with timing and amount subject to market conditions and capital availability.
The board’s decision follows a balance‑sheet assessment that the company’s total net assets exceed its market capitalization. CEO Sumitaka Kanno said, "We believe our current valuation should be considered in the context of our balance sheet strength and the strategic progress we have made over the past year. Based on our preliminary internal estimates, our total net assets exceeded our current market capitalization, which we believe is an important factor when evaluating the Company's overall value."
HeartCore’s improved profitability outlook is driven largely by the divestiture of its subsidiary HeartCore Japan on October 31 2025, which generated a $7.0 million gain. The sale has helped the company transition from a net loss of $5.2 million in 2024 to a projected net income of $3.0 million to $4.0 million for FY 2025. Earlier in 2025, Q2 revenue rose 16.7% to $4.7 million and net income reached $1.1 million, a turnaround from a $2.2 million loss in Q2 2024; Q1 revenue was $3.6 million versus $5.0 million a year earlier, with a $3.1 million loss.
The share‑repurchase program is positioned as part of a disciplined capital‑allocation strategy that balances returning capital to shareholders with continued investment in growth initiatives. By keeping the program flexible, HeartCore can adjust the pace of buybacks in response to market conditions while preserving liquidity for strategic opportunities.
HeartCore also secured a 180‑day extension on November 10 2025 to regain compliance with Nasdaq’s minimum bid‑price requirement, underscoring the company’s focus on maintaining regulatory standing while pursuing shareholder‑return initiatives.
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