Company: HCTI
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076686
Chunk: 50

Company: Healthcare Triangle, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 50
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     (2)%
  
    Revenue 
    $3,558  
    $2,984  
    $574  
     19%

Revenue from Software services increased by $1.4
million, or 217% to $2.1 million for the quarter ended June 30, 2025, as compared to $0.66 million for the quarter ended June 30, 2024.
Revenue from Managed services and support decreased by $0.87 million, or 38% to $1.4 million for the quarter ended June 30, 2025, as compared
to $2.3 million for the quarter ended June 30, 2024. Revenue from Platform Services increased by $0.002 million, or 2% to $0.07 million
for the quarter ended June 30, 2025, as compared to $0.06 million for the quarter ended June 30, 2024.

Factors affecting revenues of Software Services,
Managed Services and Support and Platform Services 

Our strategy is to achieve meaningful long-term
revenue growth through sales of Managed Services and Support and Platform Services to existing and new clients within our target market.
In order to increase our cross-selling opportunity between our operating segments and realize long time revenue growth, our focus has
shifted more towards Managed Services and Support and Platform Services which are of recurring nature when compared to Software Services
segment which is of non-recurring nature. This also helps in retaining existing customers by leveraging our Managed Services and Support
and Platform Services as a growth agent. This renewed focus on driving demand for subscription and platform-based model will help us in
expanding our customer base and enhance customer retention which is a challenge for our existing Software Services segment. Software Services
contracts are driven by Time and Material and on-site employees delivering services at customers location.

Cost of Revenue

    Three Months Ended June 30,  
    Changes 

    2025  
    2024  
    Amount  
    % 

    Software services 
    $1,853  
    $497  
    $1,356  
     273%
  
    Managed services and support 
     1,156  
     1,547  
     (391) 
     (25)%
  
    Platform services 
     55  
     42  
     13  
     31%
  
    Cost of revenue 
    $