Financial Snapshot

Revenue
$16.57M
TTM
Gross Margin
6530.52%
TTM
Net Earnings
-$9.953M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
29.32%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
-$1.818M
Q3 2024
Cash
Q3 2024
P/E
-0.3948
Nov 29, 2024 EST
Free Cash Flow
$1.158M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019
Revenue $33.20M $45.89M $35.27M $31.34M $28.74M
YoY Change -27.64% 30.1% 12.54% 9.05%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019
Revenue $33.20M $45.89M $35.27M $31.34M $28.74M
Cost Of Revenue $26.43M $34.59M $24.75M $22.75M $22.89M
Gross Profit $1.070B $11.30M $10.52M $8.590M $5.850M
Gross Profit Margin 3222.6% 24.62% 29.83% 27.41% 20.35%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019
Selling, General & Admin $10.09M $0.00 $9.200M $4.860M $2.390M
YoY Change -100.0% 89.3% 103.35%
% of Gross Profit 0.94% 0.0% 87.45% 56.58% 40.85%
Research & Development $799.0K $5.953M $5.260M $1.740M $1.010M
YoY Change -86.58% 13.17% 202.3% 72.28%
% of Gross Profit 0.07% 52.7% 50.0% 20.26% 17.26%
Depreciation & Amortization $7.232M $3.374M $1.420M $800.0K $780.0K
YoY Change 114.34% 137.61% 77.5% 2.56%
% of Gross Profit 0.68% 29.87% 13.5% 9.31% 13.33%
Operating Expenses $18.13M $21.71M $15.88M $7.410M $4.180M
YoY Change -16.52% 36.72% 114.3% 77.27%
Operating Profit -$11.35M -$10.42M -$5.360M $1.180M $1.670M
YoY Change 8.95% 94.33% -554.24% -29.34%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019
Interest Expense -$968.0K $212.0K -$570.0K -$80.00K -$50.00K
YoY Change -556.6% -137.19% 612.5% 60.0%
% of Operating Profit -6.78% -2.99%
Other Income/Expense, Net $12.00K $1.081M $0.00 $1.510M $0.00
YoY Change -98.89% -100.0%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019
Pretax Income -$12.30M -$9.547M -$5.930M $2.610M $1.620M
YoY Change 28.88% 60.99% -327.2% 61.11%
Income Tax $35.00K $63.00K $20.00K $260.0K $440.0K
% Of Pretax Income 9.96% 27.16%
Net Earnings -$12.34M -$9.610M -$5.950M $2.350M $1.170M
YoY Change 28.4% 61.51% -353.19% 100.85%
Net Earnings / Revenue -37.16% -20.94% -16.87% 7.5% 4.07%
Basic Earnings Per Share -$2.92 -$2.63
Diluted Earnings Per Share -$2.92 -$0.26 -$202.2K $60.35K $30.05K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019
Cash & Short-Term Investments $1.234M $1.341M $1.770M $1.400M $970.0K
YoY Change -7.98% -24.24% 26.43% 44.33%
Cash & Equivalents $1.234M $1.341M $1.770M $1.400M $970.0K
Short-Term Investments
Other Short-Term Assets $1.259M $816.0K $360.0K $230.0K $150.0K
YoY Change 54.29% 126.67% 56.52% 53.33%
Inventory
Prepaid Expenses
Receivables $3.236M $5.592M $9.670M $6.400M $4.170M
Other Receivables $0.00 $0.00 $0.00 $0.00 $0.00
Total Short-Term Assets $5.729M $7.749M $11.80M $8.030M $5.290M
YoY Change -26.07% -34.33% 46.95% 51.8%
Property, Plant & Equipment $44.00K $80.00K $250.0K $20.00K $40.00K
YoY Change -45.0% -68.0% 1150.0% -50.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $4.320M $13.01M $12.81M $3.080M $2.960M
YoY Change -66.8% 1.59% 315.91% 4.05%
Total Assets $10.05M $20.76M $24.61M $11.11M $8.250M
YoY Change
Accounts Payable $1.953M $1.481M $1.870M $4.350M $5.100M
YoY Change 31.87% -20.8% -57.01% -14.71%
Accrued Expenses $0.00 $0.00 $180.0K
YoY Change -100.0%
Deferred Revenue
YoY Change
Short-Term Debt $3.429M $2.412M $3.280M $750.0K $0.00
YoY Change 42.16% -26.46% 337.33%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $8.123M $6.148M $8.480M $6.780M $6.200M
YoY Change 32.12% -27.5% 25.07% 9.35%
Long-Term Debt $888.0K $0.00 $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $500.0K $2.227M $0.00 $80.00K
YoY Change -77.54% -100.0%
Total Long-Term Liabilities $1.388M $2.227M $0.00 $0.00 $80.00K
YoY Change -37.66% -100.0%
Total Liabilities $9.511M $8.375M $8.480M $6.780M $6.280M
YoY Change 13.57% -1.24% 25.07% 7.96%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019
Basic Shares Outstanding 4.229M shares 3.659M shares
Diluted Shares Outstanding 4.229M shares 3.659M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $3.9299 Million

About Healthcare Triangle, Inc.

Healthcare Triangle, Inc. operates as a healthcare information technology company, which engages in advancing various solutions for the cloud services, data science, and professional and managed services sectors for the healthcare and life sciences industry. The company is headquartered in Pleasanton, California and currently employs 33 full-time employees. The company went IPO on 2021-10-01. The firm 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 firm 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.

Industry: Services-Computer Integrated Systems Design Peers: CareView Communications Inc HealthLynked Corp iCoreConnect Inc. iSpecimen Inc. NantHealth, Inc.