Healthcare Triangle Stock (NASDAQ:HCTI)


RevenueOwnershipFinancialsChart

Previous Close

$2.43

52W Range

$2.06 - $1.30K

50D Avg

$2.36

200D Avg

$66.42

Market Cap

$2.58M

Avg Vol (3M)

$374.01K

Beta

1.05

Div Yield

-

HCTI Company Profile


Healthcare Triangle, Inc. (HCTI) is a technology firm dedicated to the healthcare sector, specializing in crafting innovative solutions across cloud services, data science, and professional and managed IT support. The company provides a comprehensive array of software, platforms, and services designed to empower healthcare and pharmaceutical organizations. These offerings help facilitate personalized treatment plans, accelerate precision medicine initiatives, drive innovation in drug discovery and development, foster collaborative research efforts, enable evidence-based decision-making, and streamline digital transformation. Among its proprietary software offerings are CloudEz, an enterprise platform streamlining multi-cloud migration and oversight, allowing clients to unify management of their private, hybrid, and public cloud environments. Another key platform is DataEz, a cloud-native solution providing robust data analytics and scientific data processing capabilities tailored for the life sciences, pharmaceutical, and healthcare provider sectors. Additionally, the company offers Readabl.AI, a Software-as-a-Service (SaaS) solution leveraging public cloud-based artificial intelligence and machine learning to intelligently identify and extract vital healthcare data from diverse documents such as faxes and narrative reports. Beyond its platforms, Healthcare Triangle delivers a range of cloud-centric IT services and specialized healthcare IT support. This includes the implementation, optimization, and integration of electronic health records (EHR) systems with community partners, comprehensive application managed services, and reliable public cloud-based backup and disaster recovery solutions. Its diverse client base spans healthcare providers, insurance carriers, pharmaceutical and life sciences firms, biotechnology companies, and medical device manufacturers. Established in 2019, Healthcare Triangle, Inc. operates out of Pleasanton, California, as a subsidiary of SecureKloud Technologies, Inc.

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Industry

Medical - Healthcare Information Services

Sector

Healthcare

Exchange

NASDAQ

ADR

-

Country

US

Employees

36

IPO Date

Oct 13, 2021

Website

HCTI Performance


Revenue Breakdown


Revenue Breakdown by Product/Service

Product/ServiceDec 22Dec 21
Managed Services And Support$15.18M$19.00M
Platform Services$4.83M$3.84M
Software Services$23.88M$12.43M

Fiscal year ends in Dec 25 | Currency in USD

HCTI Financial Summary


Dec 25Dec 24Dec 23
Revenue$13.89M$11.70M$33.20M
Operating Income$-9.79M$-4.75M$-7.70M
Net Income$-9.48M$-5.97M$-8.69M
EBITDA$-9.08M$-3.85M$-6.12M
Basic EPS$-153.15$-16.89K$-31.05K
Diluted EPS$-153.15$-16.89K$-31.05K

Fiscal year ends in Dec 25 | Currency in USD

Peer Comparison


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LNAILunai Bioworks Inc.
COCHEnvoy Medical, Inc.
MBRXMoleculin Biotech, Inc.
ICUSeaStar Medical Holding Corporation
MGRXMangoceuticals, Inc.
ATHAAthira Pharma, Inc.
ADTXAditxt, Inc.
VSEEVSee Health, Inc.
ADGMAdagio Medical Holdings, Inc.
AIMDAinos, Inc.