Company: HCTI
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076686
Chunk: 48

Company: Healthcare Triangle, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 48
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 compared to $0.93 million for the quarter ended June 30, 2024.
Software Services revenue increased by $0.64 million or 997% to $0.7 million for the quarter ended June 30, 2025, as compared to $0.06
million for the quarter ended June 30, 2024. Managed Services and Support revenue decreased by $0.86 million, or 99% to $0.05 million
for the quarter ended June 30, 2025, as compared to $0.86 million for the quarter ended June 30, 2024.

Cost of Revenue (exclusive of depreciation
/amortization)

    Three Months Ended June 30,  
    Changes 

    2025  
    2024  
    Amount  
    % 

    Cost of revenue (exclusive of depreciation/amortization) 
    $3,064  
    $2,086  
    $978  
     47%

Cost of revenue, excluding depreciation and amortization
increased by $0.98 million, or 47%, to $3.0 million for the quarter ended June 30, 2025, as compared to $2.0 million for the quarter ended
June 30, 2024.

37

Research and Development

    Three Months Ended June 30,  
    Changes 

    2025  
    2024  
    Amount  
    % 

    Research and development 
    $55  
    $207  
    $(152) 
     (73)%

Research and Development expenses decreased by
$0.15 million, or 73% to $0.05 million for the quarter ended June 30, 2025, as compared to $0.21 million for the quarter ended June 30,
2024.

Sales and Marketing

    Three Months Ended June 30,  
    Changes 

    2025  
    2024  
    Amount  
    % 

    Sales and marketing 
    $616  
    $631  
    $(15) 
     (2)%

Sales and Marketing expenses decreased by $0.01
million, or 2% to $0.62 million for the quarter ended June 30, 2025, as compared to $0.63 million for the quarter ended June 30, 2024.

General