Healthcare Triangle, Inc. Reports Fourth Quarter and Full Year 2023 Financial Results
Healthcare Triangle, Inc. (HCTI)
NASDAQ:AMEX Investor Relations:
hybridcoatingtech.com/investor-relations.html
Company Research
Source: GlobeNewswire
PLEASANTON, Calif., March 15, 2024 (GLOBE NEWSWIRE) -- Healthcare Triangle, Inc. (Nasdaq: HCTI) (“Healthcare Triangle,” “HCTI” or the “Company”), a leader in digital transformation solutions including managed services, cloud enablement, cybersecurity, data analytics and AI data processing for the healthcare and life sciences industries, today announced financial results for its fourth quarter and full year ended December 31, 2023. Fourth Quarter 2023 Financial Results Revenue: Total revenue was $7.1 million, representing a decrease of 37% compared to the fourth quarter of 2022. Revenue from the Software Services and Managed Services segments decreased by 40% and 37%, respectively, partially offset by a 22% increase in Platform Services.GAAP loss from operations: GAAP loss from operations was $5.3 million, compared to $4.9 million in the fourth quarter of 2022. The increased loss was primarily due to impairment of intangibles and goodwill. The one-time impact of the impairment was
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HCTI
News
- Healthcare Triangle Announces Strategic Partnership with Cynomi to Enhance Cybersecurity in Healthcare [Yahoo! Finance]Yahoo! Finance
- Healthcare Triangle Announces Strategic Partnership with Cynomi to Enhance Cybersecurity in HealthcareGlobeNewswire
- Healthcare Triangle Breaks New Ground in AI-Powered Patient Data Management with readabl.ai [Yahoo! Finance]Yahoo! Finance
- Healthcare Triangle Breaks New Ground in AI-Powered Patient Data Management with readabl.aiGlobeNewswire
- Healthcare Triangle, Inc. Reports Fourth Quarter and Full Year 2023 Financial Results [Yahoo! Finance]Yahoo! Finance
HCTI
Sec Filings
- 3/22/24 - Form 8-K
- 3/18/24 - Form 10-K
- 3/18/24 - Form 8-K
- HCTI's page on the SEC website