Company: HCTI
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001213900-25-045994
Chunk: 42

Company: Healthcare Triangle, Inc.
Filing Date: 2025-05-20
Form: 10-Q
Item: Part I, Item 1
Chunk 42
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02 million for the quarter ended March 31, 2024.

Cost of Revenue (exclusive of depreciation
/amortization)

    Three Months Ended March 31,  
    Changes 

    2025  
    2024  
    Amount  
    % 

    (In thousands, except percentages) 
  
    Cost of revenue (exclusive of depreciation/amortization) 
    $3,375  
    $3,095  
    $280  
     9%

Cost of revenue, excluding depreciation and amortization
increased by $0.28 million, or 9%, to $3.3 million for the quarter ended March 31, 2025, as compared to $3.0 million for the quarter ended
March 31, 2024.

33

Research and Development

    Three Months Ended March 31,  
    Changes 

    2025  
    2024  
    Amount  
    % 

    (In thousands, except percentages) 
  
    Research and development 
    $144  
    $127  
    $17  
     13%

Research and development expenses increased by
$0.01 million, or 13% to $0.14 million for the quarter ended March 31, 2025, as compared to $0.0.12 million for the quarter ended March
31, 2024.

Sales and Marketing

    Three Months Ended March 31,  
    Changes 

    2025  
    2024  
    Amount  
    % 

    (In thousands, except percentages) 
  
    Sales and marketing 
    $373  
    $883  
    $(510) 
     (58)%

Sales and marketing expenses decreased by $0.51
million, or 58% to $0.37 million for the quarter ended March 31, 2025, as compared to $0.88 million for the quarter ended March 31, 2024.

General and Administrative

    Three Months Ended March 31,  
    Changes 

    2025  
    2024  
    Amount  
    % 

    (In thousands, except percentages) 
  
    General and administrative 
    $1,198  
    $1,181  
    $17  
     2%

General and administrative expenses increased
by $