Revenue Growth
Total revenue for Q1 2025 was $1.9 million, reflecting a 6% annual growth compared to Q1 2024. This growth was primarily driven by strong performance in the Population Health business unit.
Population Health Business Expansion
Population Health revenue reached $1.2 million, a 261% year-over-year increase, contributing 65% of total revenue compared to 19% in Q1 2024.
Gross Margin Improvement
Gross margin expanded by 14.6 percentage points to 31.7%, driven by increased contributions from Population Health and milestone-driven projects.
Operational Efficiency
Operating expenses declined by 39% year-over-year, leading to a significant improvement in net loss, which reduced over two-thirds to $472,000 from $1.4 million in Q1 2024.
New Contracts and Extensions
Syra Health signed a new year-long contract with a major insurance provider and secured a contract extension with the National Healthcare Organization valued at $660,000.