Company: HCTI
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076686
Chunk: 46

Company: Healthcare Triangle, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 46
---
 state income taxes in the United States, including deferred income taxes reflecting the net tax effects of temporary differences between
the carrying amounts of assets and liabilities for financial reporting purposes.

Results of Operations

The following tables set forth selected consolidated
statements of operations data and such data as a percentage of total revenues for each of the periods indicated:

    Three Months Ended  June 30, 

    2025  
    % Sales  
    2024  
    % Sales 

    Revenue 
    $3,558  
     100% 
    $2,984  
     100%
  
    Cost of revenue (exclusive of depreciation /amortization) 
     3,064  
     86% 
     2,086  
     70%
  
    Research and development 
     55  
     2% 
     207  
     7%
  
    Sales and marketing 
     616  
     17% 
     631  
     21%
  
    General and administrative 
     1,182  
     33% 
     904  
     30%
  
    Depreciation and amortization 
     -  
     0% 
     534  
     18%
  
    Other income 
     (13) 
     0% 
     —  
     0%
  
    Interest expense 
     21  
     1% 
     131  
     4%
  
    Income tax 
     -  
     0% 
     1  
     0%
  
    Net loss 
    $(1,368) 
     (38)% 
    $(1,510) 
     (51)%

Revenue from operations

    Three Months Ended June 30,  
    Changes 

    2025  
    2024  
    Amount  
    % 

    Revenue 
    $3,558  
    $2,984  
    $574  
     19%

Revenue increased by $0.6 million, or 19% to $3.5
million for the quarter ended June 30, 2025, as compared to $2.9 million for the quarter ended June 30, 2024..
The Software Services are typically short-term engagements to provide software consulting and development services, which do not require
continual third