secwatch.observer — SEC 8-K summary
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Issuer:     Syra Health Corp (SYRA)
CIK:        0001922335
Form:       8-K
Filed at:   2023-11-14T23:59:59+00:00
Accession:  0001493152-23-041118
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1922335/000149315223041118/0001493152-23-041118-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1922335/000149315223041118/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-041118

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