Company: SYRA
Filing Date: 2025-03-11
Form Type: 10-K
Source: 0001493152-25-009873
Chunk: 611

Company: Syra Health Corp
Filing Date: 2025-03-11
Form: 10-K
Item: Item 5
Chunk 611
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. Other staffing positions that we recruit include care coordinators, specialists to fill healthcare management roles,
healthcare educators, therapists, healthcare technicians and health plan specialists.

-28-

Growth
Strategies

We
hope to become a leader in clinical healthcare solutions by providing customized and comprehensive end-to-end solutions for our customers
in the public and private healthcare sectors and expand our operations to other metropolitan areas. As we continue our expansion, we
anticipate that our professional pool and infrastructure will grow to support the breadth and depth of our services. With our rapid growth
of sales and business development teams, we intend to replicate our current projects with similar customers across the country. We plan
to open offices in multiple geographical locations to support our sales and business development efforts and intend to invest in partnerships
with subject matter experts to further enhance our service lines and provide real-world insights. In addition to organic efforts, we
may expand our footprint by acquiring companies that offer similar service lines. It is anticipated that such companies will strengthen
our current service offerings and may also include new services that we may offer to our clients. Our flagship product, Syrenity, is
a proprietary behavioral and mental health application designed to address the growing mental health crisis. We are strategically preparing
for its launch in global markets while continually advancing its scientific foundation and AI technology to enhance user outcomes. Additionally,
our government solutions service line of business positions us to work on federal government healthcare and related projects from several
agencies such as the United States Department of Health and Human Services, the Centers for Disease Control and Prevention, the National
Institutes of Health, the National Aeronautics and Space Administration and the United States Department of Defence.

Results
of Operations for the Years Ended December 31, 2024, and 2023

The
following table summarizes selected items from the statements of operations for the years ended December 31, 2024, and 2023.

    For the Year  
    For the Year  

    Ended  
    Ended  

    December 31,  
    December 31,  
    Increase / 

    2024  
    2023  
    (Decrease) 

    Net revenues 

    Healthcare workforce 
    $5,896,433  
    $4,259,292  
    $1,637,141 
  
    Population health management 
     1,659,804  
     715,499