Company: HCTI
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001213900-25-045994
Chunk: 41

Company: Healthcare Triangle, Inc.
Filing Date: 2025-05-20
Form: 10-Q
Item: Part I, Item 1
Chunk 41
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2025 

    (In thousands, except percentages) 

    Customer 
    Amount  
    % of Revenue 
  
    Customer 1 
    $754  
     20%
  
    Customer 2 
     659  
     18%
  
    Customer 3 
     266  
     7%
  
    Customer 4 
     233  
     6%
  
    Customer 5 
    $188  
     5%

2024 

    (In thousands, except percentages) 

    Customer 
    Amount  
    % of Revenue 
  
    Customer 1 
    $807  
     20%
  
    Customer 2 
     720  
     18%
  
    Customer 3 
     490  
     12%
  
    Customer 4 
     476  
     12%
  
    Customer 5 
    $332  
     8%

The following table provides details of Customer
1 revenue by operating segments:

    Three Months Ended March 31,  
    Changes 

    2025  
    2024  
    Amount  
    % 

    (In thousands, except percentages) 
  
    Software services 
    $721  
    $787  
    $(66) 
     (8%)
  
    Managed services and support 
     33  
     20  
     13  
     65%
  
    Platform services 
     —  
     —  
     —  
     — 
  
    Total Revenue 
    $754  
    $807  
    $(53) 
     (7%)

Revenue from Customer 1 decreased by $0.05 million,
or 7% to $0.75 million for the quarter ended March 31, 2025, as compared to $0.80 million for the quarter ended March 31, 2024. Software
services revenue decreased by $0.06 million or 8% to $0.72 million for the quarter ended March 31, 2025, as compared to $0.78 million
for the quarter ended March 31, 2024. Managed Services and Support revenue increased by $0.01 million, or 65% to $0.03 million for the
quarter ended March 31, 2025, as compared to $0.