Company: SYRA
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001641172-25-009279
Chunk: 68

Company: Syra Health Corp
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 2
Chunk 68
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    Ended  

    March 31,  
    March 31,  
    Increase / 

    2025  
    2024  
    (Decrease) 

    Net revenues 

    Healthcare workforce 
    $655,217  
    $1,417,661  
    $(762,444)
  
    Population health 
     1,202,557  
     333,006  
     869,551 
  
    Behavioral and mental health 
     -  
     1,673  
     (1,673)
  
    Net revenues 
     1,857,774  
     1,752,340  
     105,434 
  
    Cost of services 
     1,268,618  
     1,452,561  
     (183,943)
  
    Gross profit 
     589,156  
     299,779  
     289,377 

    Operating expenses: 

    Salaries and benefits 
     507,207  
     736,303  
     (229,096)
  
    Professional fees 
     224,026  
     194,580  
     29,446 
  
    Research and development expenses 
     37,173  
     277,548  
     (240,375)
  
    Selling, general and administrative expenses 
     287,287  
     522,757  
     (235,470)
  
    Depreciation 
     6,797  
     12,545  
     (5,748)
  
    Total operating expenses: 
     1,062,490  
     1,743,733  
     (681,243)

    Operating loss 
     (473,334) 
     (1,443,954) 
     970,620 

    Total other income (expense) 
     1,096  
     (3,096) 
     4,165 

    Net loss 
    $(472,265) 
    $(1,447,050) 
    $974,785 

4

Net Revenues

Net revenue during the three months ended March 31,
2025 was comprised of $655,217 of healthcare staffing services revenue, $1,202,557 of