Company: HCTI
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026218
Chunk: 13

Company: Healthcare Triangle, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 13
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 directly compete with one or more of our offerings.
If companies move a greater proportion of their data and computational needs to the cloud, new competitors may emerge which offer services
comparable to ours or that are better suited for cloud-based data, and the demand for one or more of our offerings may decrease. Smaller
companies could also launch new products and services that we do not offer and that could gain market acceptance quickly. We may also
face competition from providers of cloud management systems and database systems, and other segment-specific applications. Any of these
companies, as well as other technology or healthcare companies, could decide at any time to specifically target hospitals and Life Sciences
companies within our target market. A number of existing and potential competitors are more established than we are and have greater name
recognition and financial, technical, and marketing resources. Products of our competitors may have better performance, lower prices,
and broader market acceptance than our products. We expect increased competition that could cause us to lose clients, lower our prices
to remain competitive, and, consequently, experience lower revenues, revenue growth, and profit margins, which would have a material adverse
effect on our financial condition and business prospects.

We are dependent on the continued availability
of third-party hosting and transmission services. Loss of contractual relationship with operational issues with, or changes to the costs
of, our third-party data center providers could harm our business, reputation, or results of operations.

We currently serve the majority of our platform
functions from third-party data center hosting facilities operated by Amazon Web Services, Google Cloud, and Microsoft Azure Cloud, and
we primarily use shared servers in such facilities. We are dependent on these third parties to provide continuous power, cooling, Internet
connectivity, and physical and technological security for our servers, and our operations depend, in part, on their ability to protect
these facilities against any damage or interruption from natural disasters, such as earthquakes and hurricanes, power or telecommunication
failures, criminal acts, and similar events. In the event that any of our third-party facilities arrangements is terminated, or if there
is a lapse of service or damage to a facility, we could experience interruptions in our platforms as well as delays and additional expenses
in arranging new facilities and services.

11

Any damage to, or failure of, the systems of our
third-party providers could result in interruptions to our platforms. Despite precautions taken at our data centers, the occurrence of
spikes in usage volume, a natural disaster, such as earthquakes or hurricane