Revenue Growth and Strong Performance in Population Health
Syra Health delivered total revenue of $1.9 million, reflecting 6% annual growth compared to the first quarter of 2024. The Population Health business unit more than tripled its revenue year-over-year and represented 65% of total revenue.
Gross Margin Expansion
Gross margin expanded by 14.6 percentage points to 31.7% due to increased contribution from the Population Health unit and milestone-driven projects.
Operating Expense Reduction
Operating expenses declined by 39% year-over-year, driven by workforce optimization and expense management policies.
Net Loss Improvement
Net loss for the first quarter of 2025 improved over two-thirds to $472,000, compared to a net loss of $1.4 million in the first quarter of 2024.
Expansion in Behavioral and Mental Health
The Syrenity App, focused on mental health, is experiencing increased demand and initial adoption, with new content aimed at supporting individuals with PTSD.