| Segment Information |
13) Segment Information
Schedule of operating segment
| |
|
Three months ended
March 31, |
|
|
Changes |
|
| |
|
2026 |
|
|
2025 |
|
|
Amount |
|
|
% |
|
| Software services |
|
$ |
1,630 |
|
|
$ |
1,652 |
|
|
$ |
(22 |
) |
|
|
(1 |
)% |
| Managed services and support |
|
|
1,280 |
|
|
|
1,982 |
|
|
|
(702 |
) |
|
|
(35 |
)% |
| Customer engagement services(*) |
|
|
6,875 |
|
|
|
- |
|
|
|
6,875 |
|
|
|
100 |
% |
| Corporate and others |
|
|
70 |
|
|
|
70 |
|
|
|
- |
|
|
|
0 |
% |
| Revenue |
|
$ |
9,855 |
|
|
$ |
3,704 |
|
|
$ |
6,151 |
|
|
|
166 |
% |
|
(*) |
represents segment acquired as part of business combination. See note 5(B) for details. |
Operating Results by Operating Segment
| Three months ended March 31, 2026 |
|
| |
|
Software Services |
|
|
Managed Services |
|
|
Customer Engagement Services(*) |
|
|
Corporate and Others |
|
|
Total |
|
| Revenue |
|
|
1,630 |
|
|
|
1,280 |
|
|
|
6,875 |
|
|
|
70 |
|
|
|
9,855 |
|
| Less: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Cost of revenue |
|
|
(1,384 |
) |
|
|
(1,016 |
) |
|
|
(4,850 |
) |
|
|
(212 |
) |
|
|
(7,462 |
) |
| Segmental gross profit/(loss) |
|
|
246 |
|
|
|
264 |
|
|
|
2,025 |
|
|
|
(142 |
) |
|
|
2,393 |
|
| Sales and marketing |
|
|
(116 |
) |
|
|
(74 |
) |
|
|
(47 |
) |
|
|
(1,542 |
) |
|
|
(1,779 |
) |
| General and administrative |
|
|
(307 |
) |
|
|
(80 |
) |
|
|
(1,462 |
) |
|
|
(1,368 |
) |
|
|
(3,217 |
) |
| Bad debts |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
(125 |
) |
|
|
(125 |
) |
| Research and development |
|
|
- |
|
|
|
- |
|
|
|
(30 |
) |
|
|
(55 |
) |
|
|
(85 |
) |
| Segmental profit / (loss) |
|
|
(177 |
) |
|
|
110 |
|
|
|
486 |
|
|
|
(3,232 |
) |
|
|
(2,813 |
) |
| Interest expenses |
|
|
- |
|
|
|
- |
|
|
|
(70 |
) |
|
|
(15 |
) |
|
|
(85 |
) |
| Depreciation and amortization |
|
|
(168 |
) |
|
|
(133 |
) |
|
|
(502 |
) |
|
|
(7 |
) |
|
|
(810 |
) |
| Other income |
|
|
- |
|
|
|
- |
|
|
|
6 |
|
|
|
2 |
|
|
|
8 |
|
| Forex loss |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
(63 |
) |
|
|
(63 |
) |
| Changes in Fair Value |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
(2,435 |
) |
|
|
(2,435 |
) |
| Loss before income taxes |
|
|
(345 |
) |
|
|
(23 |
) |
|
|
(80 |
) |
|
|
(5,750 |
) |
|
|
(6,198 |
) |
| Income tax |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Loss after income taxes |
|
|
(345 |
) |
|
|
(23 |
) |
|
|
(80 |
) |
|
|
(5,750 |
) |
|
|
(6,198 |
) |
|
(*) |
represents segment acquired as part of business combination. See note 5(B) for details. |
| Three
months ended March 31, 2025 |
|
| Particulars |
|
Software
Services |
|
|
Managed
Services |
|
|
Corporate
and others |
|
|
Total |
|
| Revenue |
|
$ |
1,734 |
|
|
$ |
1,900 |
|
|
$ |
70 |
|
|
$ |
3,704 |
|
| Less: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Cost of revenue |
|
|
(1,543 |
) |
|
|
(1,823 |
) |
|
|
(9 |
) |
|
|
(3,375 |
) |
| Segmental gross profit |
|
|
191 |
|
|
|
77 |
|
|
|
61 |
|
|
|
329 |
|
| Sales and marketing |
|
|
(118 |
) |
|
|
(129 |
) |
|
|
(126 |
) |
|
|
(373 |
) |
| General and administrative |
|
|
(102 |
) |
|
|
(112 |
) |
|
|
(984 |
) |
|
|
(1,198 |
) |
| Research and development |
|
|
- |
|
|
|
- |
|
|
|
(144 |
) |
|
|
(144 |
) |
| Segmental loss |
|
|
(29 |
) |
|
|
(164 |
) |
|
|
(1,193 |
) |
|
|
(1,386 |
) |
| Interest expenses |
|
|
- |
|
|
|
- |
|
|
|
(413 |
) |
|
|
(413 |
) |
| Depreciation and amortization |
|
|
(6 |
) |
|
|
(6 |
) |
|
|
(0 |
) |
|
|
(12 |
) |
| Other income |
|
|
- |
|
|
|
- |
|
|
|
111 |
|
|
|
111 |
|
| Loss before income taxes |
|
|
(35 |
) |
|
|
(170 |
) |
|
|
(1,495 |
) |
|
|
(1,700 |
) |
| Income tax |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Loss after income taxes |
|
$ |
(35 |
) |
|
$ |
(170 |
) |
|
$ |
(1,495 |
) |
|
$ |
(1,700 |
) |
Revenue from top 5 customers
Schedule of concentration
| |
|
Three months ended
March 31, 2026 |
|
|
Three months ended
March 31, 2025 |
|
| Customer |
|
Amount |
|
|
% of
Revenue |
|
|
Amount |
|
|
% of
Revenue |
|
| Customer 1 |
|
$ |
2,138 |
(*) |
|
|
22 |
% |
|
$ |
754 |
|
|
|
20 |
% |
| Customer 2 |
|
|
682 |
(*) |
|
|
7 |
% |
|
|
659 |
|
|
|
18 |
% |
| Customer 3 |
|
|
653 |
(*) |
|
|
7 |
% |
|
|
266 |
|
|
|
7 |
% |
| Customer 4 |
|
|
652 |
(*) |
|
|
7 |
% |
|
|
233 |
|
|
|
6 |
% |
| Customer 5 |
|
$ |
637 |
|
|
|
6 |
% |
|
$ |
188 |
|
|
|
5 |
% |
|
(*) |
represents customer acquired as part of business combination. See note 5(B) for details. |
|