Company: SYRA
Filing Date: 2025-03-11
Form Type: 10-K
Source: 0001493152-25-009873
Chunk: 254

Company: Syra Health Corp
Filing Date: 2025-03-11
Form: 10-K
Item: Item 1A
Chunk 254
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 our ability to be responsive to pricing pressures and changing business models. To remain competitive in the healthcare
services markets, we must continuously upgrade our existing solutions, and develop and introduce new solutions on a timely basis. Future
advances in the healthcare services market could lead to new products or services that are competitive with our solutions, resulting
in pricing pressure or rendering our solutions obsolete or not competitive. We also may not be able to retain or attract customers if
our solutions contain errors or otherwise fail to perform properly if our pricing structure is not competitive or if we are unable to
renegotiate our customer contracts upon expiration. If we are unable to maintain our customer retention rates, or if we are unable to
attract new customers, our business, results of operations or financial condition could be adversely impacted.

Our
business strategy and future success depend on our ability to cross-sell our solutions.

Our
ability to generate revenue and growth partly depends on our ability to cross-sell our solutions to our existing customers and new customers.
We may not be successful in cross-selling our solutions because our customers may find our additional solutions unnecessary, unattractive,
or cost-ineffective. Our failure to sell additional solutions to our existing and new customers could negatively affect our ability to
grow our business.

-9-

If
we are unable to successfully expand our sales force productivity, sales of our solutions and the growth of our business and financial
performance could be harmed.

We
continue to invest significantly in our sales force to obtain new customers and increase sales to existing customers. There is significant
competition for sales personnel with the skills and technical knowledge that we require. Our ability to achieve significant revenue growth
and profitably will depend, in large part, on our success in recruiting, training and retaining sufficient numbers of sales personnel
to support our sales efforts. A portion of our current sales personnel are new to our Company. New hires require significant training
and may require a lengthy onboarding process before they achieve full productivity. Our recent hires and planned hires may not become
productive as quickly as we expect, and we may be unable to hire or retain sufficient numbers of qualified individuals in the markets
where we do business or plan to do business. If we are unable to recruit, train and retain a sufficient number of productive sales personnel,
sales of our solutions and the growth of our business could be harmed. Additionally, if our efforts to improve sales force productivity
do not result in increased revenue, our operating results could be negatively impacted due to increased operating expenses