Company: HCTI
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026218
Chunk: 150

Company: Healthcare Triangle, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 150
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 any time to specifically target hospitals and Life Sciences
companies within our target market. A number of existing and potential competitors are more established than we are and have greater name
recognition and financial, technical, and marketing resources. Products of our competitors may have better performance, lower prices,
and broader market acceptance than our products. We expect increased competition that could cause us to lose clients, lower our prices
to remain competitive, and, consequently, experience lower revenues, revenue growth, and profit margins, which would have a material adverse
effect on our financial condition and business prospects.

We are dependent on the continued availability
of third-party hosting and transmission services. Loss of contractual relationship with operational issues with, or changes to the costs
of, our third-party data center providers could harm our business, reputation, or results of operations.

We currently serve the majority of our platform
functions from third-party data center hosting facilities operated by Amazon Web Services, Google Cloud, and Microsoft Azure Cloud, and
we primarily use shared servers in such facilities. We are dependent on these third parties to provide continuous power, cooling, Internet
connectivity, and physical and technological security for our servers, and our operations depend, in part, on their ability to protect
these facilities against any damage or interruption from natural disasters, such as earthquakes and hurricanes, power or telecommunication
failures, criminal acts, and similar events. In the event that any of our third-party facilities arrangements is terminated, or if there
is a lapse of service or damage to a facility, we could experience interruptions in our platforms as well as delays and additional expenses
in arranging new facilities and services.

11

Any damage to, or failure of, the systems of our
third-party providers could result in interruptions to our platforms. Despite precautions taken at our data centers, the occurrence of
spikes in usage volume, a natural disaster, such as earthquakes or hurricane, an act of terrorism, vandalism or sabotage, a decision to
close a facility without adequate notice, or other unanticipated problems at a facility could result in lengthy interruptions in the availability
of our platform. Even with current and planned disaster recovery arrangements, our business could be harmed. Also, in the event of damage
or interruption, our insurance policies may not adequately compensate us for any losses that we may incur. These factors in turn could
further reduce our revenue, subject us to liability and cause us to issue credits, or cause customers to stop using our platforms, any
of which could materially and adversely affect