Company: SYRA
Filing Date: 2025-03-11
Form Type: 10-K
Source: 0001493152-25-009873
Chunk: 168

Company: Syra Health Corp
Filing Date: 2025-03-11
Form: 10-K
Item: Item 1
Chunk 168
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 greater financial or other resources than we do. The vigorous competition we face requires us to provide
high quality, innovative products at a competitive price. We cannot guarantee that we will be able to upgrade our existing solutions
or introduce new solutions at the same rate as our competitors, or at all, nor can we guarantee that such upgrades or new solutions will
achieve market acceptance over or among competitive offerings, or at all. Therefore, these competitive pressures could have a material
adverse impact on our business, results of operations or financial condition.

If
we are unable to retain our existing customers or attract new customers, our business, financial condition, or results of operations
could suffer.

Our
success depends substantially upon the retention of our existing customers and attracting new customers. We may not be able to retain
our existing customers or attract new customers if we are unable to provide solutions or services that our existing or prospective customers
believe enable them to achieve improved efficiencies and cost-effectiveness. Our success in retaining and attracting customers will also
depend, in part, on 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