Company: HCTI
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076686
Chunk: 151

Company: Healthcare Triangle, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 2
Chunk 151
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:

    Three Months Ended  June 30, 

    2025  
    % Sales  
    2024  
    % Sales 

    Revenue 
    $3,558  
     100% 
    $2,984  
     100%
  
    Cost of revenue (exclusive of depreciation /amortization) 
     3,064  
     86% 
     2,086  
     70%
  
    Research and development 
     55  
     2% 
     207  
     7%
  
    Sales and marketing 
     616  
     17% 
     631  
     21%
  
    General and administrative 
     1,182  
     33% 
     904  
     30%
  
    Depreciation and amortization 
     -  
     0% 
     534  
     18%
  
    Other income 
     (13) 
     0% 
     —  
     0%
  
    Interest expense 
     21  
     1% 
     131  
     4%
  
    Income tax 
     -  
     0% 
     1  
     0%
  
    Net loss 
    $(1,368) 
     (38)% 
    $(1,510) 
     (51)%

Revenue from operations

    Three Months Ended June 30,  
    Changes 

    2025  
    2024  
    Amount  
    % 

    Revenue 
    $3,558  
    $2,984  
    $574  
     19%

Revenue increased by $0.6 million, or 19% to $3.5
million for the quarter ended June 30, 2025, as compared to $2.9 million for the quarter ended June 30, 2024..
The Software Services are typically short-term engagements to provide software consulting and 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 58% of the revenue
in quarter ended June 30, 2025, and 68% during quarter ended June 30, 2024, respectively.

The