Company: SYRA
Filing Date: 2025-03-11
Form Type: 10-K
Source: 0001493152-25-009873
Chunk: 170

Company: Syra Health Corp
Filing Date: 2025-03-11
Form: 10-K
Item: Item 1
Chunk 170
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 changes resulting from a weak economic environment, it could have a material adverse impact on our business,
results of operations or financial condition.

Our
ability to generate revenue could suffer if we do not continue to update and improve our existing solutions and develop new ones.

We
must continually improve our existing solutions in a timely manner and introduce new and valuable solutions in order to respond to regulatory
developments and customer demands and, thereby, retain existing customers and attract new ones. For example, from time to time, government
agencies may alter format and data code requirements applicable to electronic transactions. In addition, our customers may request that
our solutions be customized to satisfy particular needs. We may not be successful in responding to regulatory developments or changing
customer needs. In addition, these regulatory or customer-imposed requirements may impact the profitability of particular solutions and
customer engagements. If we do not respond successfully to regulatory changes, as well as evolving industry standards and customer demands,
our solutions may become obsolete. If we lower our prices on some of our solutions, we will need to increase our margins on other solutions
in order to maintain our overall profitability.

-10-

Achieving
market acceptance of new or updated solutions is necessary in order for them to become profitable and will likely require significant
efforts and expenditures.

Our
future financial results will depend in part on whether our new or updated solutions receive sufficient customer acceptance. Achieving
market acceptance for new or updated solutions may require substantial marketing efforts and expenditure of significant funds to create
awareness and demand by our existing or prospective customers. Failure to achieve broad penetration in target markets with respect to
new or updated solutions could have a material adverse impact on our business, results of operations or financial condition.

Our
business would be adversely affected if we cannot obtain, process or distribute data we require to provide our solutions.

Our
business relies on our ability to obtain, process, monetize and distribute data in the healthcare industry in a manner that complies
with applicable law, regulation and contractual and restrictions. Our failure to obtain and distribute such data in a compliant manner
could have a harmful effect on our ability to use and disclose such data which in turn could impair our ability to share such data with
our customers or incorporate it into our services and offerings. In addition to complying with requirements in obtaining the data, the
use, processing and distribution of such data may require us to obtain consent from third parties or follow additional laws, regulations
or contractual restrictions that apply to the healthcare industry. Moreover, we