Company: HCTI
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-109581
Chunk: 125

Company: Healthcare Triangle, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 8
Chunk 125
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 is of non-recurring nature.
This also helps in retaining existing customers by leveraging our Managed Services and Support and Platform Services as a growth agent.
This renewed focus on driving demand for subscription and platform-based model will help us in expanding our customer base and enhance
customer retention which is a challenge for our existing Software Services segment. Software Services contracts are driven by Time and
Material and on-site employees delivering services at customers location.

40

Cost of Revenue

    Three Months 
Ended September 30,  
    Changes 

    2025  
    2024  
    Amount  
    % 

    Software services 
    $1,667  
    $531  
    $1,136  
     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