Company: SYRA
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-022023
Chunk: 88

Company: Syra Health Corp
Filing Date: 2025-11-12
Form: 10-Q
Item: Item 2
Chunk 88
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    September 30,  
    Increase / 

    2025  
    2024  
    (Decrease) 

    Net revenues 

    Healthcare workforce 
    $1,425,624  
    $4,411,683  
    $(2,986,059)
  
    Population health 
     4,066,320  
     1,518,329  
     2,547,991 
  
    Behavioral and mental health 
     -  
     45,345  
     (45,345)
  
    Net revenues 
     5,491,944  
     5,975,357  
     (483,413)
  
    Cost of services 
     3,595,352  
     4,657,273  
     (1,061,921)
  
    Gross profit 
     1,896,592  
     1,318,084  
     578,508 

    Operating expenses: 

    Salaries and benefits 
     1,169,951  
     2,178,105  
     (1,008,154)
  
    Professional fees 
     580,691  
     489,839  
     90,852 
  
    Research and development expenses 
     67,701  
     590,263  
     (522,562)
  
    Selling, general and administrative expenses 
     828,741  
     1,267,634  
     (438,893)
  
    Depreciation 
     18,171  
     55,460  
     (37,289)
  
    Total operating expenses: 
     2,665,255  
     4,581,301  
     (1,916,046)

    Operating loss 
     (768,663) 
     (3,263,217) 
     2,494,554 

    Total other income (expense) 
     6,900  
     8,376  
     (1,476)

    Net loss 
    $(761,763) 
    $(3,254,841) 
    $2,493,078 

Net
Revenues

Net
revenue during the nine months ended September 30, 202