Company: HCTI
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-109581
Chunk: 122

Company: Healthcare Triangle, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 8
Chunk 122
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 $-  
    $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 30, 2025, as compared to
$0.28 million for the quarter ended September 30, 2024. Managed Services and Support revenue increased by $0.47 million, or 218% to $0.68
million for the quarter ended September 30, 2025, as compared to $0.21 million for the quarter ended September 30, 2024.

Cost of Revenue (exclusive of depreciation/amortization)

    Three Months Ended September
    30,  
    Changes 

    2025  
    2024  
    Amount  
    % 

    Cost of revenue (exclusive of depreciation/amortization) 
    $2,871  
    $1,691  
    $1,180  
     70%

Cost of revenue, excluding depreciation and amortization
increased by $1.18 million, or 70%, to $2.87 million for the quarter ended September 30, 2025, as compared to $1,69 million for the quarter
ended September 30, 2024.

Research and Development

    Three Months Ended September
    30,  
    Changes 

    2025  
    2024  
    Amount  
    % 

    Research and development 
    $59  
    $175  
    $(116) 
     (66)%

Research and Development expenses decreased by
$0.11 million, or 66% to $0.05 million for the quarter ended September 30, 2025, as compared to $0.17 million for the quarter ended September
30, 2024.

38

Sales and Marketing

    Three Months Ended September