Company: HCTI
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026218
Chunk: 318

Company: Healthcare Triangle, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1B
Chunk 318
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 the chief operating decision maker in deciding how
to allocate resources and assessing performance. The Company defines the term ‘chief operating decision maker’ to be the interim
Chief Executive Officer/Business Head. The Chief Operating Decision Maker along with the management team reviews the financial information
presented on a consolidated basis for purposes of allocating resources and evaluating our financial performance. Accordingly, the Company
has determined that it operates in three distinct reportable operating segments, and all required financial segments information can be
found in the consolidated financial statements.

Expenses included in segment operating profit
consist principally of direct selling, delivery costs and research and development expenses. Certain Sales and Marketing expenses, General
and Administrative expenses, depreciation, and amortization are allocated to individual segments in the ratio of revenue

    Twelve Months Ended  

    December 31,  

    (In thousands)  
    Changes 

    2024  
    2023  
    Amount  
    % 
  
    Software Services 
    $4,692  
    $21,132  
    $(16,440) 
     (78)%
  
    Managed Services and Support 
     6,716  
     10,452  
     (3,736) 
     (36)%
  
    Platform Services 
     288  
     1,619  
     (1,331) 
     (82)%
  
    Revenue 
    $11,696  
    $33,203  
    $(21,507) 
     (65)%

F-9

Operating profit by Operating Segment

    As of December 31, 2024  

    Particulars 
    Software Services  
    Managed Services  
    Platform Services  
    Total 
  
    Revenue from customers 
    $4,692  
    $6,716  
    $288  
    $11,696 
  
    Intersegment revenues 
     -  
     -  
     -  
     - 
  
    Total 
     4,692  
     6,716  
     288  
     11,696 
  
    Less: 

     - 
  
    Elimination of intersegment revenues 
     -  
     -  
     -  
     - 
  
    Cost of revenue 
     (3,962)