Company: HCTI
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-109581
Chunk: 47

Company: Healthcare Triangle, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 47
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 development services, which do not require continual
third-party maintenance. Managed Services and Support such as cloud hosting, and cloud disaster recovery requires continuous monitoring.

Our top 5 customers accounted for 56% of the
revenue in quarter ended September 30, 2025, and 61% during quarter ended September 30, 2024, respectively.

The following table has the breakdown of our
revenues for the quarter ended September 30, 2025, and 2024 for each of our top 5 customers.

37

Top Five Customers Revenue for three months ended September
30, 2025 and 2024.

(In
thousands, except percentages)

    Three months ended 
    September 30, 2025

    Three months ended
    September 30, 2024

    Customer

    Amount

    % of Revenue

    Amount

    % of Revenue

    Customer 1 
    $689  
     20% 
    $500  
     21%
  
    Customer 2 
     583  
     17% 
     300  
     12%
  
    Customer 3 
     296  
     8% 
     261  
     11%
  
    Customer 4 
     235  
     7% 
     236  
     10%
  
    Customer 5 
     133  
     4% 
    $174  
     7%

The following table provides details of Customer
1 revenue by operating segments:

    Three Months Ended September
    30,  
    Changes 

    2025  
    2024  
    Amount  
    % 

    Software services 
    $-  
    $283  
    $(283) 
     100%
  
    Managed services and support 
     689  
     217  
     472  
     218%
  
    Total Revenue 
    $689  
    $500  
    $189  
     38%

Total revenue from Customer 1 increased by $0.2
million, or 38% to $0.68 million for the quarter ended September 30, 2025, as compared to $0.50 million for the quarter ended September
30, 2024. Software Services revenue decreased by $0.28 million or 100% to nil for the quarter ended September