Company: HCTI
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-109581
Chunk: 51

Company: Healthcare Triangle, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 51
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     214%
  
    Managed services and support 
     1,092  
     1,117  
     (25) 
     (2)%
  
    Corporate and others 
     112  
     43  
     69  
     160%
  
    Cost of revenue 
    $2,871  
    $1,691  
    $1,180  
     70%

Cost of revenue from Software services increased
by $1.13 million, or 214% to $1.66 million for the quarter ended September 30, 2025, as compared to $0.53 million for the quarter ended
September 30, 2024. Cost of revenue from Managed Services and Support decreased by $0.02 million, or 2% to $1.09 million for the quarter
ended September 30, 2025, as compared to $1.11 million for the quarter ended September 30, 2024. Cost of revenue from corporate and others
increased by $0.07 million, or 160% to $0.11 million for the quarter ended September 30, 2025, as compared to $0.04 million for the quarter
ended September 30, 2024.

Segment operating results by reportable segments
were as follows:

Operating results by Operating Segment

    Three months ended September 30, 2025
  
    Particulars 
    Software Services  
    Managed Services  
    Corporate and others  
    Total 
  
    Revenue from customers 
    $1,977  
    $1,379  
    $133  
    $3,489 
  
    Cost of revenue 
     (1,667) 
     (1,092) 
     (112) 
     (2,871)
  
    Segmental gross profit 
    $310  
    $287  
    $21  
    $618 
  
    Net loss 
    $(1,050) 
    $(662) 
    $(194) 
    $(1,906)

Due from related parties:

On January 1, 2025, the Company entered into a
Master Service Agreement with Securekloud Technologies Inc. (“SKI”) and Securekloud Technologies Limited (“SKL). The
initial term of the agreement is twenty-four months, which is extendable based on mutual consent. As per