Company: HCTI
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076686
Chunk: 116

Company: Healthcare Triangle, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 116
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    Customer 3 
     377  
     9%
  
    Customer 4 
     245  
     7%
  
    Customer 5 
    $112  
     3%

2024 

    (In thousands, except percentages) 

    Customer 
    Amount  
    % of Revenue 
  
    Customer 1 
    $925  
     31%
  
    Customer 2 
     486  
     16%
  
    Customer 3 
     221  
     7%
  
    Customer 4 
     215  
     7%
  
    Customer 5 
    $193  
     7%

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

    Three Months Ended June 30,  
    Changes 

    2025  
    2024  
    Amount  
    % 

    Software services 
    $702  
    $64  
    $638  
     997%
  
    Managed services and support 
     5  
     861  
     (856) 
     (99)%
  
    Platform services 
     —  
     —  
     —  
     — 
  
    Total Revenue 
    $707  
    $925  
    $(218) 
     (24)%

Total revenue from Customer 1 decreased by $0.2
million, or 24% to $0.71 million for the quarter ended June 30, 2025, as compared to $0.93 million for the quarter ended June 30, 2024.
Software Services revenue increased by $0.64 million or 997% to $0.7 million for the quarter ended June 30, 2025, as compared to $0.06
million for the quarter ended June 30, 2024. Managed Services and Support revenue decreased by $0.86 million, or 99% to $0.05 million
for the quarter ended June 30, 2025, as compared to $0.86 million for the quarter ended June 30, 2024.

Cost of Revenue (exclusive of depreciation
/amortization)

    Three Months Ended June 30,  
    Changes 

    2025  
    2024  
    Amount  
    % 

    Cost of revenue (