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Syra Health FY23 EPS $(0.60) Vs $(0.70) YoY; Revenue $5.5M Vs $5.6M YoY

Author: Benzinga Newsdesk | March 25, 2024 08:47am

2023 Financial Highlights

  • 2023 revenue of $5.5 million compared to $5.6 million in 2022.
  • Business units excluding Healthcare Workforce grew 250% and comprised 23% of total revenues in 2023, versus only 6% in 2022.
  • Population Health, driven by demand for epidemiology services, had revenues of $715,499, an increase of more than 125% compared to 2022.
  • Digital Health, driven by sales of the Company's SyraBot product, had revenues of $515,250 marking its first year of revenues.
  • Gross profit margin increased 670 bps to 25.6% compared to 18.9% in 2022.
    • December 31, 2023 ending cash balance of $3.3 million and no long-term debt.

Posted In: SYRA

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