Company did not provide specific guidance for future quarters or the full year
Key details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Net Loss
$2 mln
Result drivers
Software services growth - Revenue increase was primarily driven by higher software development services sales from HeartCore Luvina
Go IPO consulting decline - Go IPO consulting services revenue fell due to fewer customers and extensions of IPO timelines
Higher outsourcing costs - Gross loss increased as the company devoted more resources and incurred greater outsourcing expenses to enhance Go IPO consulting customer experience
Q2 revenue rises on software services growth
Japan IPO consulting firm's Q2 revenue grew 71.6% yr/yr, driven by software development services
Company posted a Q2 net loss, reversing net income from the prior year
Company completed divestitures to focus on Go IPO consulting and financial services
HTCR•
