Company: HCTI
Filing Date: 2025-02-18
Form Type: 10-K/A
Source: 0001213900-25-014503
Chunk: 62

Company: Healthcare Triangle, Inc.
Filing Date: 2025-02-18
Form: 10-K/A
Chunk 62
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1,130 |   |     |     |   8 | %  |
| Managed services and support |     |                     |  1,723 |     |   |  3,267 |     |         | (1,544 | ) |     |     | (47 | )% |
| Platform services            |     |                     |      — |     |   |      — |     |         |      — |   |     |     |   — |    |
| Total Revenue                |     | $                   | 17,322 |     | $ | 17,736 |     | $       |   (414 | ) |     |     |  (2 | )% |

Revenue from Customer 1 decreased by $0.4 million, or 2% to $17.3 million for the twelve months ended December 31, 2023, as compared to $17.7 million for the twelve months ended December 31, 2022. Software Services revenue increased by $1.1 million or 8% to $15.6 million for the twelve months ended December 31, 2023, as compared to $14.5 million for the twelve months ended December 31, 2022. Managed Services and Support revenue decreased by $1.5 million, or 47% to $1.7 million for the twelve months ended December 31, 2023, as compared to $3.3 million for the twelve months ended December 31, 2022. 41 Cost of revenue (exclusive of depreciation /amortization)

|                                                           |     | Twelve Months Ended 
 December 31,        
 (In thousands)      |   2023 |     |   |   2022 |     | Changes | Amount |   |     |     | %   |    |
|:----------------------------------------------------------|:----|:--------------------|-------:|:----|:--|-------:|:----|:--------|:-------|:--|:----|:----|:----|:---|
| Cost of revenue (exclusive of depreciation /amortization) |     | $                   | 26,426 |     | $ | 34,591 |     | $       | (8,165 | ) |     |     | (24 | )% |

Cost of revenue, excluding depreciation and amortization decreased by $8.2 million, or 24%, to $26.4 million for the twelve