Healthcare Triangle, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 13, 2023 at 08:01 am EST
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Healthcare Triangle, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 7.78 million compared to USD 11.95 million a year ago. Net loss was USD 1.94 million compared to USD 2.34 million a year ago. Basic loss per share from continuing operations was USD 0.46.
For the nine months, sales was USD 26.14 million compared to USD 34.59 million a year ago. Net loss was USD 7.01 million compared to USD 4.75 million a year ago. Basic loss per share from continuing operations was USD 1.66 compared to USD 1.31 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.