---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-018507"
form_type: "8-K"
ticker: "SYRA"
cik: "0001922335"
company_name: "Syra Health Corp"
filed_at: "2024-05-09T23:59:59+00:00"
generated_at: "2026-06-02T07:14:53.910230+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Syra Health Q1 revenue up 47% to $1.7M, net loss widens to $1.4M; FY2024 guidance $9-11M

## Summary
- Revenue $1.7M vs $1.2M Q1 2023; Population Health grew 212% YoY; Healthcare Workforce up 28%.
- Net loss $(1.4M) vs $(0.8M); Adjusted EBITDA $(1.4M) vs $(0.8M).
- Gross margin 10.2% (12.4% Q1 2023) due to mix shift to Healthcare Workforce.
- Cash $3.2M, no long-term debt; FY2024 revenue guidance $9-11M (64-100% growth).
- Awarded contracts: $660K HEDIS, $480K Indiana, $450K Shelby County, $250K DC; active in 19 states.

## SEC filing metadata
- accession: 0001493152-24-018507
- form_type: 8-K
- ticker: SYRA
- cik: 0001922335
- company_name: Syra Health Corp
- filed_at: 2024-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1922335/000149315224018507/0001493152-24-018507-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1922335/000149315224018507/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-018507
- JSON: https://secwatch.observer/filing/0001493152-24-018507.json
- Plain text: https://secwatch.observer/filing/0001493152-24-018507.txt

## Key facts
- Earnings Releases
  Syra Health Corp reported first quarter ended March 31, 2024 results: revenue $1.7 million, net income $(1.4 million). Guidance reaffirmed.
  - Period: first quarter ended March 31, 2024
  - Revenue: $1.7 million
  - Net income: $(1.4 million)
  - Guidance: reaffirmed
  - Result: reported results
  source text: innovative services and technology solutions, announced today its financial results for the first quarter ended March 31, 2024. Q1 2024 Financial Highlights ● Revenue of $1.7 million in 1Q24 compared to $1.2 million in 1Q23. ● Business units excluding Healthcare Workforce grew 333% and comprised 19% of total revenues in 1Q24, versus only 7% in 1Q23. ●
  evidence_url: https://www.sec.gov/Archives/edgar/data/1922335/000149315224018507/0001493152-24-018507-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.