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