Healthcare Triangle Reports Third Quarter 2023 Results

Healthcare Triangle Inc. announced Q3 2023 results, with revenue at $7.8m, down from $11.9m the previous year due to a decrease in one-time EHR implementations and consulting contracts. CFO, Thyagarajan Ramachandran highlighted the new ransomware protection initiative and the development of readabl.ai solutions. He expressed confidence in new revenue drivers set to improve the company’s future performance despite a $1.5m operational loss.