Healthcare Triangle, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 10, 2023 at 04:02 pm EDT
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Healthcare Triangle, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 8.53 million compared to USD 11.59 million a year ago. Net loss was USD 1.79 million compared to USD 0.405 million a year ago. Basic loss per share from continuing operations was USD 0.42 compared to USD 0.11 a year ago.
For the six months, sales was USD 18.36 million compared to USD 22.64 million a year ago. Net loss was USD 5.06 million compared to USD 2.42 million a year ago. Basic loss per share from continuing operations was USD 1.2 compared to USD 0.68 a year ago.
Healthcare Triangle, Inc. is a healthcare information technology company. The Company is focused on advancing industry-transforming solutions in the sectors of cloud services, data science, and professional and managed services for the electronic health record (EHR), healthcare and life sciences industries. The Company operates through three segments: Software Services, Managed Services and Support, and Platform Services. Its Software Services segment provides strategic advisory, implementation, and development services. Its Managed Services and Support segment include post implementation support and cloud hosting. Its Platform Services segment includes CloudEz, DataEz, and Readabl.AI platforms. Through its platform, solutions, and services, the Company supports healthcare delivery organizations, healthcare insurance companies, pharmaceutical and Life Sciences, biotech companies, and medical device manufacturers in their efforts to improve data management.