Company: SYRA
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001641172-25-023235
Chunk: 30

Company: Syra Health Corp
Filing Date: 2025-08-12
Form: 10-Q
Item: Item 1
Chunk 30
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3,858 of interest incurred on insurance finance charges, as partially offset by $3,420 of interest
income, for the three months ended June 30, 2025. Other income, on a net basis, consisted of $3,729 of interest incurred on insurance
finance charges, offset by $3,826 of interest income, for the three months ended June 30, 2024. Other income, on a net basis, decreased
by $535, or 552%, primarily due to increased interest income compared to the prior period.

Net
Loss

Our
net loss for the three months ended June 30, 2025 was $63,596, compared to a net loss of $1,390,256 for the three months ended June 30,
2024, a decrease of $1,326,660.

Results
of Operations for the Six Months Ended June 30, 2025 and 2024

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

    For
    the Six Months  

    Ended  

    June
    30,  
    June
    30,  
    Increase
    / 

    2025  
    2024  
    (Decrease) 

    Net
    revenues 

    Healthcare
    workforce 
    $1,017,664  
    $2,833,895  
    $(1,816,231)
  
    Population
    health 
     2,786,309  
     866,031  
     1,920,278 
  
    Behavioral
    and mental health 
     -  
     22,095  
     (22,095)
  
    Net
    revenues 
     3,803,973  
     3,722,021  
     81,952 
  
    Cost
    of services 
     2,461,922  
     3,192,727  
     (730,805)
  
    Gross
    profit 
     1,342,051  
     529,294  
     812,757 

    Operating
    expenses: 

    Salaries
    and benefits 
     833,561  
     1,583,367  
     (749,806)