Company: HCTI
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001213900-25-045994
Chunk: 133

Company: Healthcare Triangle, Inc.
Filing Date: 2025-05-20
Form: 10-Q
Item: Part I, Item 2
Chunk 133
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 Three Months Ended
March 31,

    Changes

    2025

    2024

    Amount

    %

    (In thousands, except percentages)

    Depreciation and amortization
     
    $
    12

    $
    536

    $
    (524
    )

    (98
    )%

Depreciation and amortization expenses decreased
by $0.52 million, or 98% to $0.01 million for the quarter ended March 31, 2025, as compared to $0.53 million for the quarter ended March
31, 2024.

Interest expense

    Three Months Ended
March 31,

    Changes

    2025

    2024

    Amount

    %

    (In thousands, except percentages)

    Interest expense
     
    $
    413

    $
    149

    $
    264

    177
    %

Interest expenses increased by $0.26 million,
or 177% to $0.41 million for the quarter ended March 31, 2025, as compared to $0.14 million for the quarter ended March 31, 2024.

34

Revenue, Cost of Revenue and Operating Profit
by Operating Segment

We manage and report our business under three
operating segments which are Software services, Managed services and support and Platform services.

    Three Months Ended March 31,  
    Changes 

    2025  
    2024  
    Amount  
    % 

    (In thousands, except percentages) 
  
    Software services 
    $1,734  
     2,025  
     (291) 
     (14)%
  
    Managed services and Support 
     1,900  
     1,996  
     (96) 
     (5)%
  
    Platform services 
     70  
     88  
     (18) 
     (20)%
  
    Revenue 
    $3,704  
    $4,109  
    $(405) 
     (10)%

Revenue from Software services decrease by $0.3
million, or 14% to $1.73 million for the quarter ended March 31, 2025, as compared to $2.02 million for the quarter ended March 31, 2024.
Revenue from Managed services and