Syra Health Q3 revenue up 4% to $1.58M; net loss flat at $354K; Digital Health posts first revenue

Syra Health Corp

2023-Q3 EPS reported -$0.44 revenue$3,748,943

Revenue $1.58M (+4% YoY); Digital Health unit generated first revenues of $131,356.
Population Health & Health Education revenue jumped 400% to $328,750; Healthcare Workforce at $1.1M.
Gross margin improved to 35.1% from 27.3%; net loss unchanged at ~$354K; Adj. EBITDA loss narrowed to $330K.
Secured $4.75M DC behavioral health contract (5-year) and $636K Indiana extension; launched Syrenity and CarePlus.
Closed $6.7M IPO in Oct 2023 with $4.7M net proceeds; cash on hand pre-IPO was $18,010.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Syra Health Corp reported third quarter of 2023 results: revenue $1.58 million, net income $(354,376).

Period: third quarter of 2023
Revenue: $1.58 million
Net income: $(354,376)
Result: reported results

Exact text from the filing

and technology solutions, today announced its financial results for the third quarter of 2023 for the period ended September 30, 2023. Q3 2023 Financial Highlights ● Revenue of $1.58 million, compared to $1.51 million in Q3 2022, an increase of 4%. ● Digital Health, driven by sales of the Company’s SyraBot product, had revenue of $131,356, marking its first period

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Source: SEC EDGAR

accession 0001493152-23-041118

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