Company: HCTI
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026218
Chunk: 399

Company: Healthcare Triangle, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 2
Chunk 399
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or 100 % to $0 million for the twelve months ended December 31, 2024 as compared to $1.71 million for the twelve months ended December
31,2023

42

Interest expense

    Twelve Months Ended  

    December 31,  

    (In thousands)  
    Changes 

    2024  
    2023  
    Amount  
    % 
  
    Interest expense 
    $1,213  
    $968  
    $245  
     (25)%

Interest expense increased by $0.24 million, or
25 % to $1.21 million for the twelve months ended December 31, 2024 as compared to $0.97 million for the twelve months ended December
31,2023 

Other income

    Twelve Months Ended  

    December 31,  

    (In thousands)  
    Changes 

    2024  
    2023  
    Amount  
    % 
  
    Other income 
    $7  
    $12  
    $(5) 
     (42)%

Other income decreased by $0.005 million, or 42 % to $0.007 million
for the twelve months ended December 31, 2024, as compared to $0.012 million for the twelve months ended December 31, 2023.

Provision for income taxes

    Twelve Months Ended  

    December 31,  

    (In thousands)  
    Changes 

    2024  
    2023  
    Amount  
    % 
  
    Provision for income taxes 
    $12  
    $35  
    $(23) 
     (66)%

Provision for income taxes decreased by $0.02
million, or 65 % to $0.01 million for the twelve months ended December 31, 2024, as compared to $0.03 million for the twelve months ended
December 31, 2023, this represents state taxes.

Revenue, Cost of Revenue and Operating Profit by Operating Segment

    Twelve Months Ended  

    December 31,  

    (In thousands)  
    Changes 

    2024  
    2023  
    Amount  
    % 
  
    Software Services 
    $4,692  
    $21,132