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Syra Health Corp. - SYRA STOCK NEWS

Welcome to our dedicated page for Syra Health news (Ticker: SYRA), a resource for investors and traders seeking the latest updates and insights on Syra Health stock.

Syra Health Corp. (NASDAQ: SYRA) is at the forefront of transforming healthcare delivery in the United States. The company specializes in healthcare services that emphasize preventative health, holistic wellness, and equitable healthcare. With a mission to address significant challenges in areas such as behavioral and mental health, digital health, and population health, Syra Health integrates deep scientific and healthcare expertise to develop patient-centric solutions aimed at improving health outcomes and fostering a healthier population.

Syra Health's comprehensive end-to-end solutions span across various domains including health education services, population health management, behavioral and mental health, healthcare workforce, and digital health. These services are meticulously designed to enhance access to care, strengthen community support, and promote preventative health measures.

Recently, Syra Health achieved a significant milestone by expanding its presence to 19 states with a new project in Portland, Maine, aimed at addressing social determinants of health. This initiative seeks to improve chronic disease outcomes by implementing evidence-based interventions that enhance community-clinical linkages and social connectedness.

Financially, Syra Health reported substantial growth, with revenues in the first quarter of 2024 increasing by 47% compared to the previous year. The company projects an impressive revenue growth of 64%-100% for the full year 2024, driven by strong demand for its services. The company’s innovative solutions and strategic partnerships have garnered contracts across various sectors, including federal and state governments, life sciences, and academic institutions.

Among its notable projects, Syra Health has won a 10-year subcontract with LUKE for the Defense Health Agency, which is part of a $43 billion contract to provide medical staffing services. Additionally, the company is recognized for its ongoing efforts in mental health, highlighted by the creation of the Syra Health Mental and Behavioral Health Solutions Award, which honors organizations addressing substance abuse and mental health issues.

Syra Health's commitment to health education and mental wellness is further evidenced by their contract with the Greenville County School District to provide Special Education Psychologist Services, ensuring support for students' academic, social, and emotional learning needs.

As of May 2024, Syra Health has expanded its operations to 22 states, with new awards in New York and Arkansas to provide Board Certified Behavioral Analysts, underscoring its rapid growth and dedication to improving mental and behavioral health outcomes across diverse populations.

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Syra Health Corp. (NASDAQ: SYRA) has won a five-year contract from the Sedgwick County Health Department in Kansas to provide Overdose Data to Action (OD2A) training. The training aims to educate first responders and faith-based community organizations on substance use disorder, harm reduction, overdose trends, naloxone use, treatment options, linkage to care, and stigma impact mitigation. With 15.35% of adults in America reporting a substance use disorder in 2023, the need for such training is evident.
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Syra Health Corp. partners with Maricopa County, Arizona, for a third public health training focused on cultural humility. The partnership aims to address healthcare disparities through health equity training. Syra Health continues its commitment to improving healthcare by providing innovative services and technology solutions. The company was awarded a third contract to conduct cultural humility training, fostering inclusive and culturally competent healthcare practices.
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Syra Health Corp. announces approval of research study protocol for 'Syrenity', a mental health platform designed to empower users through continual monitoring and therapy interventions. The study aims to enroll 300 individuals to assess the app's efficacy in improving mental well-being.
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Syra Health Corp. (NASDAQ: SYRA) secures a healthcare workforce contract in Missouri, expanding its services to 18 states. The contract involves recruiting specialized medical professionals to address healthcare needs, with revenue based on positions filled and their duration. CEO Dr. Deepika Vuppalanchi highlights the importance of this contract for enhancing healthcare delivery nationwide.
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Syra Health Corp. (SYRA) announced its financial results for Q4 and fiscal year 2023, showing revenue of $5.5 million. The company's business units excluding Healthcare Workforce grew 250%, with Population Health and Digital Health segments performing well. The gross profit margin increased to 25.6%, and the company ended 2023 with a cash balance of $3.3 million. For 2024, SYRA expects revenue of $9 to $11 million, with significant contract wins and product launches.
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Syra Health Corp. (NASDAQ: SYRA) secures a contract from the Sedgwick County Health Department in Kansas to provide substance use disorder and overdose prevention training. The four-year contract highlights Syra Health's dedication to healthcare education, aiming to equip healthcare professionals, community leaders, and individuals with the necessary knowledge and skills. The training program focuses on stigma reduction, substance use disorder education, and overdose prevention strategies.
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Syra Health Corp. (SYRA) will report financial results for Q4 and fiscal year 2023 on March 25, 2024. A conference call is scheduled at 9:00 a.m. ET on the same day to review the results. Interested investors can access the webcast on the company's website.
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Syra Health Corp. (SYRA) secures a $660,000 contract with a national healthcare organization to provide HEDIS outreach services, aiming to enhance healthcare quality and reduce costs. The company's CEO and Executive Chairman express confidence in their team and future contract opportunities.
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Syra Health Corp. secures a $450,000 contract with the Shelby County Government in Tennessee, potentially valued at $1.35 million, to provide epidemiological and data analytical services, emphasizing the company's role in improving public health outcomes.
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Syra Health Corp. expands into its 16th state with a new healthcare workforce contract in Douglas County, Nebraska. The contract aims to provide temporary nursing staffing services to enhance healthcare accessibility and quality. Dr. Deepika Vuppalanchi, CEO of Syra Health, expresses commitment to making a positive impact on individuals and families.
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FAQ

What is the current stock price of Syra Health (SYRA)?

The current stock price of Syra Health (SYRA) is $0.5002 as of January 30, 2025.

What is the market cap of Syra Health (SYRA)?

The market cap of Syra Health (SYRA) is approximately 5.0M.

What does Syra Health Corp. specialize in?

Syra Health Corp. specializes in healthcare services promoting preventative health, holistic wellness, and equitable healthcare. It offers solutions in health education, population health management, behavioral and mental health, and digital health.

What recent achievements has Syra Health made?

Syra Health recently expanded to 19 states and has been awarded a contract by the City of Portland to develop a health equity accelerator plan. The company also reported significant financial growth in Q1 2024 with 47% revenue increase compared to the previous year.

What are Syra Health's financial projections for 2024?

Syra Health anticipates a full-year 2024 revenue of $9 to $11 million, representing a growth of 64%-100% versus 2023. The majority of contract revenues are expected to be realized in the second half of 2024.

What partnerships has Syra Health recently formed?

Syra Health is a subcontractor for LUKE on a $43 billion Defense Health Agency contract and has secured a new contract with the Greenville County School District to provide Special Education Psychologist Services.

What is the Syra Health Mental and Behavioral Health Solutions Award?

The Syra Health Mental and Behavioral Health Solutions Award is an annual recognition presented to organizations addressing mental health and substance abuse issues. The inaugural award was given to Overdose Lifeline.

In how many states does Syra Health currently operate?

As of May 2024, Syra Health operates in 22 states, providing a wide range of healthcare services.

What are some key areas of focus for Syra Health’s services?

Key areas of focus include behavioral and mental health, digital health, population health, and healthcare education and workforce development.

What kind of impact does Syra Health aim to have on healthcare?

Syra Health aims to improve healthcare accessibility, equity, and outcomes by focusing on preventative health measures, patient-centric solutions, and innovative services that address significant healthcare challenges.

How does Syra Health support students' mental health?

Syra Health provides Special Education Psychologist Services to support students' academic progress, social and emotional learning, and behavioral needs through evidence-based interventions.

How can investors stay updated on Syra Health’s financial performance?

Investors can stay updated by accessing the company’s financial results and conference call replays available in the Investor Relations section of Syra Health’s website.
Syra Health Corp.

Nasdaq:SYRA

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5.00M
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17.04%
7.86%
9.65%
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