Tue, May 20, 8:35 PM (33 days ago)
**Healthcare Triangle, Inc. (HCTI) Q1 2025 Financial Summary** **Financial Health and Performance:** - **Revenue:** $3.7 million, a 10% decrease from $4.1 million in Q1 2024. - **Net Loss:** $1.7 million, slightly improved from a $1.86 million loss in Q1 2024. - **Gross Margin:** 9% of revenue, down from 25% in Q1 2024. - **Operating Expenses:** $1.73 million, down 37% from $2.73 million in Q1 2024. - **Cash Flow:** Net cash used in operating activities was $5.56 million, compared to $0.05 million in Q1 2024. - **Cash Position:** $6.83 million in cash and cash equivalents as of March 31, 2025. **Segment Performance:** - **Software Services:** Revenue decreased by 14% to $1.73 million. - **Managed Services and Support:** Revenue decreased by 5% to $1.9 million. - **Platform Services:** Revenue decreased by 20% to $0.07 million. **Profit Margins:** - **Gross Margin:** 9% of revenue, down from 25% in Q1 2024. - **Operating Margin:** -46%, improved from -44% in Q1 2024. **Earnings Changes:** - **EPS:** Basic and diluted EPS was $(0.17), improved from $(0.42) in Q1 2024. **Trends and Uncertainties:** - **Revenue Concentration:** Top 5 customers accounted for 57% of revenue in Q1 2025, down from 70% in Q1 2024. - **Operational Focus:** Shift towards Managed Services and Platform Services to drive long-term growth. - **Liquidity:** Strong liquidity position with $6.83 million in cash and cash equivalents. **Future Operations Impact:** - **Growth Strategy:** Continued investment in sales, marketing, and operational functions to support growth. - **Customer Acquisition:** Focus on adding new customers and increasing sales to existing customers. - **Subscription Services:** Early stages of marketing SaaS offerings, with uncertain impact on future revenue growth. **Ticker:** HCTI **Note:** Amounts are in thousands, except per-share data.