Company: HCTI
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-109581
Chunk: 46

Company: Healthcare Triangle, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 46
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 for each of the periods indicated:

    Three Months Ended September 30, 

    2025  
    % Sales  
    2024  
    % Sales 

    Revenue 
    $3,489  
     100% 
    $2,413  
     100%
  
    Cost of revenue (exclusive of depreciation /amortization) 
     2,871  
     82% 
     1,691  
     70%
  
    (Reversal)/Allowance for current expected credit loss 
     (20) 
     0% 
     -  
     0%
  
    Research and development 
     59  
     2% 
     175  
     7%
  
    Sales and marketing 
     1,022  
     29% 
     294  
     12%
  
    General and administrative 
     2,085  
     60% 
     1,077  
     45%
  
    Depreciation and amortization 
     63  
     2% 
     343  
     14%
  
    Other income 
     (731) 
     (21)% 
     -  
     0%
  
    Interest expense 
     32  
     1% 
     80  
     3%
  
    Forex loss 
     14  
     0% 
     -  
     0%
  
    Provision for income tax 
     -  
     0% 
     2  
     0%
  
    Net loss 
    $(1,906) 
     (55)% 
    $(1,249) 
     (52)%

Revenue from operations

    Three Months Ended September
    30,  
    Changes 

    2025  
    2024  
    Amount  
    % 

    Revenue 
    $3,489  
    $2,413  
    $1,076  
     45%

Revenue increased by $1.07 million, or 45% to
$3.48 million for the quarter ended September 30, 2025, as compared to $2.41 million for the quarter ended September 30, 2024. The Software
Services are typically short-term engagements to provide software consulting and