Company: HCTI
Filing Date: 2025-02-18
Form Type: 10-K/A
Source: 0001213900-25-014503
Chunk: 61

Company: Healthcare Triangle, Inc.
Filing Date: 2025-02-18
Form: 10-K/A
Chunk 61
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     |                     |     35 |   |     |       |   0 | %  |     |      |      63 |   |     |       |   0 | %  |
| Deferred tax                                              |     |                     |      - |   |     |       |   0 | %  |     |      |     443 |   |     |       |   1 | %  |
| Net (loss)                                                |     |                   $ | (8,686 | ) |     |       | (26 | )% |     |    $ | (14,358 | ) |     |       | (31 | )% |

40 Twelve Months Ended December 31, 2023, and 2022 Revenue from operations

|         |     | Twelve Months Ended 
 December 31,        
 (In thousands)      |   2023 |     |   |   2022 |     | Changes | Amount  |   |     |     | %   |    |
|:--------|:----|:--------------------|-------:|:----|:--|-------:|:----|:--------|:--------|:--|:----|:----|:----|:---|
| Revenue |     | $                   | 33,203 |     | $ | 45,886 |     | $       | (12,683 | ) |     |     | (28 | )% |

Revenue decreased by $12.7 million, or 28% to $33.2 million for the twelve months ended December 31, 2023, as compared to $45.9 million for the twelve months ended December 31, 2022. Revenue from Software Services, Managed Services and Support and Platform Services revenue have decreased in the current year. Our top 5 customers accounted for 78% of revenue during the twelve months ended December 31, 2023 and 69% during the twelve months ended December 31, 2022, respectively. The following table has the breakdown of our revenues for the twelve months ended December 31, 2023 and 2022 for each of our top 5 customers. Top Five Customers’ Revenue for Twelve months ended December 31, 2023

| Customer |          |     | Amount (In thousands) |        |     | % of Revenue |    |   |
|:---------|:---------|:----|:----------------------|-------:|:----