Company: HCTI
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076686
Chunk: 154

Company: Healthcare Triangle, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 2
Chunk 154
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 Administrative expenses increased
by $0.29 million, or 31% to $1.2 million for the quarter ended June 30, 2025, as compared to $0.90 million for the quarter ended June
30, 2024.

Depreciation and Amortization

    Three Months Ended June 30,  
    Changes 

    2025  
    2024  
    Amount  
    % 

    Depreciation and amortization 
    $-  
    $534  
    $(534) 
     (100)%

Depreciation and Amortization expenses decreased
by $0.53 million, or 100% to $0 million for the quarter ended June 30, 2025, as compared to $0.53 million for the quarter ended June 30,
2024.

Interest Expense

    Three Months Ended June 30,  
    Changes 

    2025  
    2024  
    Amount  
    % 

    Interest expense 
    $21  
    $131  
    $(110) 
     (84)%

Interest expenses decreased by $0.11 million,
or 84% to $0.13 million for the quarter ended June 30, 2025, as compared to $0.02 million for the quarter ended June 30, 2024.

38

Revenue, Cost of Revenue and Operating Profit
by Operating Segment

We manage and report our business under three
operating segments which are Software services, Managed services and support and Platform services.

    Three Months Ended June 30,  
    Changes 

    2025  
    2024  
    Amount  
    % 

    Software services 
    $2,101  
     663  
     1,438  
     217%
  
    Managed services and Support 
     1,388  
     2,253  
     (865) 
     (38)%
  
    Platform services 
     70  
     68  
     2  
     (2)%
  
    Revenue 
    $3,558  
    $2,984  
    $574  
     19%

Revenue from Software services increased by $1.4
million, or 217% to $2.1 million for the quarter ended June 30,