Company: HCTI
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-109581
Chunk: 161

Company: Healthcare Triangle, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 2
Chunk 161
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 consideration, transaction costs, integration
costs, and other expenses. Our general and administrative expenses exclude depreciation and amortization.

In the nearest future, we expect our general
and administrative expenses to continue to increase to support business growth. Over the long term, we expect general and administrative
expenses to decrease as a percentage of revenue.

Depreciation and Amortization Expenses

Our depreciation and amortization expense consists
primarily of depreciation of fixed assets, amortization of customer relationship and capitalized software development costs, and amortization
of intangible assets. We expect our depreciation and amortization expense to increase as we continue to invest and expand our business
organically and through acquisitions. 

Other Income (Expense), Net

Other income (expense), net consists of finance
cost and gains or losses on foreign currency.

Deferred Revenues

Advanced billings to clients in excess of revenue
earned are recorded as deferred revenue until the revenue recognition criteria are met.

36

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 September 30, 

    2025  
    % Sales  
    2024  
    % Sales 

    Revenue 
    $3,489  
     100% 
    $2,413  
     100%
  
    Cost of revenue (exclusive of depreciation /amortization) 
     2,871  
     82% 
     1,691  
     70%
  
    (Reversal)/Allowance for current expected credit loss 
     (20) 
     0% 
     -  
     0%
  
    Research and development 
     59  
     2% 
     175  
     7%
  
    Sales and marketing 
     1,022  
     29% 
     294  
     12%
  
    General and administrative 
     2,085  
     60% 
     1,077  
     45%
  
    Depreciation and amortization 
     63  
     2% 
     343  
     14%
  
    Other income 
     (731) 
     (21)% 
     -  
     0%
  
    Interest expense 
     32  
     1% 
     80