NEW YORK and TOKYO - HeartCore Enterprises, Inc. (NASDAQ:HTCR), a Tokyo-based enterprise software and consulting services company, has announced a new contract with San Francisco's Onside Content to develop an artificial intelligence (AI) powered content marketing evaluation tool.
The newly established AI division of HeartCore will work on Onside's proprietary Engagement Index (EI), aiming to enhance the accuracy and innovation of content engagement assessments.
Onside Content, known for its full-service content marketing strategies and global company evaluations, has developed a methodology for its Onside EI, which leverages AI to streamline content marketing evaluation and reporting.
Peter Bakker, Co-Founder of Onside, emphasized the limitations of traditional content marketing evaluations and expressed enthusiasm for the collaboration with HeartCore's AI division to integrate all of Onside's intellectual property into a unified platform.
HeartCore CEO Sumitaka Kanno views the contract as a significant opportunity to accelerate the growth of their AI division and expand into U.S. markets. Kanno also noted the potential for cross-selling with HeartCore's flagship software solutions and expressed optimism for the company's growth, fueled by the ongoing demand in their Go IPO consulting business.
HeartCore Enterprises provides Software as a Service (SaaS) solutions and data analytics services to enhance customer experiences through design and customer experience management platforms. The company also offers digital transformation services, including robotics process automation and process mining, to facilitate enterprise digital transformations.
The collaboration between HeartCore and Onside Content is expected to not only advance the capabilities of AI in content marketing but also to create new business opportunities for both companies. The financial details of the contract were not disclosed in the press release statement.
InvestingPro Insights
HeartCore Enterprises, Inc. (NASDAQ:HTCR) is making headway in the AI space with its latest contract, which could be a pivotal step for the company's growth trajectory. Analysts tracking HTCR project a significant uptick in sales growth for the current year. This optimism aligns with the company's strategic expansion into the U.S. market and its endeavors in AI-driven solutions.
As HeartCore ventures into new territories, it's worth noting that the company has a market capitalization of $16.95 million and has seen a remarkable 123.14% revenue growth in the last twelve months as of Q3 2023. These figures underscore the company's aggressive growth strategy and potential for scalability.
Still, the company's rapid expansion comes with its challenges, as indicated by its negative operating income margin of -11.76% and a substantial three-month price total return of 69.1%, reflecting the stock's high price volatility.
InvestingPro Tips suggest that while HeartCore is quickly burning through cash and operates with a moderate level of debt, it has not been profitable over the last twelve months. This could be a concern for investors looking for immediate profitability, but the company's strong return over the last three months indicates a positive market response to its recent activities. Moreover, HeartCore does not pay a dividend, which might be relevant for income-focused investors.
For those interested in a deeper dive into HeartCore's financial health and future prospects, the InvestingPro platform offers a comprehensive set of additional tips. There are currently 9 InvestingPro Tips available to help investors make more informed decisions. To access these insights, visit https://www.investing.com/pro/HTCR and remember to use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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