Company: SYRA
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-022023
Chunk: 67

Company: Syra Health Corp
Filing Date: 2025-11-12
Form: 10-Q
Item: Item 8
Chunk 67
---
 2025, Deepika Vuppalanchi resigned from the Board of Directors of the Company for personal reasons.

On
August 13, 2025, the Company appointed Radhika Mereddy to its Board of Directors.

4

Results
of Operations for the Three Months Ended September 30, 2025 and 2024

The
following table summarizes selected items from the statements of operations for the three months ended September 30, 2025 and 2024.

    For the Three Months Ended  

    September 30,  
    September 30,  
    Increase / 

    2025  
    2024  
    (Decrease) 

    Net revenues 

    Healthcare workforce 
    $407,960  
    $1,577,788  
    $(1,169,828)
  
    Population health 
     1,280,011  
     652,298  
     627,713 
  
    Behavioral and mental health 
     -  
     23,250  
     (23,250)
  
    Net revenues 
     1,687,971  
     2,253,336  
     (565,365)
  
    Cost of services 
     1,133,430  
     1,585,038  
     (451,608)
  
    Gross profit 
     554,541  
     668,298  
     (113,757)

    Operating expenses: 

    Salaries and benefits 
     336,390  
     594,738  
     (258,348)
  
    Professional fees 
     191,726  
     153,803  
     37,923 
  
    Research and development expenses 
     816  
     34,821  
     (34,005)
  
    Selling, general and administrative expenses 
     252,384  
     288,305  
     (35,921)
  
    Depreciation 
     5,396  
     25,541  
     (20,145)
  
    Total operating expenses: 
     786,712  
     1,097,208  
     (310,496)

    Operating loss 
     (232,171) 
     (428,910)