Company: HCTI
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026218
Chunk: 487

Company: Healthcare Triangle, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 3
Chunk 487
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 revenue is generated by our
full-time employees/consultants who provide software services and Managed Services and Support to our clients in the Healthcare and Life
Sciences industry. Our software services include strategic advisory, implementation and development services and Managed Services and
Support include post implementation support and cloud hosting. Our CloudEz and DataEz platforms became commercially available to deploy
under solution delivery model in 2019 and Readabl.AI platform from last quarter of 2020. While these platforms are commercially available,
we continue to upgrade them on a regular basis.

We are in the early stages of marketing CloudEz,
DataEz and Readabl.AI as our SaaS offerings on a subscription basis, which we expect will provide us with recurring revenues. We do not
yet have enough information about our competition or customer acceptance of our SaaS offerings to determine whether or not recurring subscription
revenue will have a material impact on our revenue growth.

35

Key Factors of Success

We believe that our future growth, success, and
performance are dependent on many factors, including those mentioned below. While these factors present significant opportunities for
us, they also represent the challenges that we must successfully address in order to grow our business and improve our results of operations.

Investment in scaling the business

We need to continuously invest in research and
development to build new solutions, sales, and marketing to promote our solutions to new and existing customers in various geographies,
and other operational and administrative functions in systems, controls and governance to support our expected growth and our transition
to a public company. We anticipate that our employee strength will increase because of these investments.

Adoption of our solutions by new and existing customers

We believe that our ability to increase our customer
base will enable us to drive growth. Most of our customers initially deploy our solutions within a division or geography and may only
initially deploy a limited set of our available solutions. Our future growth is dependent upon our existing customers’ continued
success and renewals of our solutions agreements, deployment of our solutions to additional divisions or geographies and the purchase
of subscriptions to additional solutions. Our growth is also dependent on the adoption of our solutions by new customers. Our customers
are large organizations who typically have long procurement cycles which may lead to declines in the pace of our new customer additions.

Subscription services adoption

The key factor to our success in generating substantial
recurring subscription revenues in future will be our ability to successfully market and persuade new customers to adopt our SaaS offerings.
We are in