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Syra Health To Announce Second Quarter 2025 Financial Results
Prnewswire· 2025-08-05 11:55
Group 1 - Syra Health Corp. will report its financial results for the three months ended June 30, 2025, on August 12, 2025, before the market opens [1] - The company focuses on healthcare technology, particularly in behavioral and mental health, population health, and the healthcare workforce [2] - Syra Health aims to improve health through innovative technology products and services that emphasize prevention, access, and affordability [2] Group 2 - The company is committed to advancing healthcare solutions both nationwide and globally [2] - For further information, Syra Health's website is available at www.syrahealth.com [2] - Investor and media inquiries can be directed to Christine Drury at Syra Health [3]
Clover Health to Report Second Quarter 2025 Financial Results on August 5, 2025
Globenewswire· 2025-07-08 12:30
Company Overview - Clover Health Investments, Corp. is a physician enablement technology company focused on providing access to quality healthcare for Medicare beneficiaries, particularly seniors who have historically faced challenges in accessing affordable healthcare [2] - The company utilizes its software platform, Clover Assistant, to aggregate patient data and support clinical decision-making, aiming to improve health outcomes through early identification and management of chronic diseases [2] - Clover Health offers PPO and HMO Medicare Advantage plans across several states, with a particular emphasis on its wide-network, high-choice PPO plans [2] Upcoming Financial Results - Clover Health will release its financial results for the second quarter of 2025 after market close on August 5, 2025 [1] - A conference call and webcast will be held at 5:00 p.m. Eastern Time on the same day to discuss the company's business and financial performance [1][3] - Investors can access the conference call via telephone or through a live and archived webcast available on the company's Investor Relations website [3]
Syra Health Announces First Quarter Revenue of $1.9 Million, Up 6% YoY
Prnewswire· 2025-05-08 11:55
Core Insights - Syra Health Corp. reported a total revenue of $1.9 million for Q1 2025, reflecting a 6% increase from $1.8 million in Q1 2024, primarily driven by a 261% year-over-year growth in the Population Health segment [6][7] - The gross margin improved significantly to 31.7%, up 14.6 percentage points from 17.1% in the prior year, attributed to a shift towards higher-margin contracts [8][10] - The company achieved a net loss reduction to $472,000 in Q1 2025, compared to a net loss of $1.4 million in Q1 2024, indicating a substantial improvement in operational efficiency [10][9] Financial Highlights - Total revenue for Q1 2025 was $1.9 million, a 6% increase from $1.8 million in Q1 2024 [6][7] - Population Health revenues reached $1.2 million, more than tripling from $333,000 in Q1 2024, contributing to 65% of total revenues [6][7] - Gross profit margin expanded to 31.7%, up from 17.1% in the previous year [8] - Operating expenses decreased by 39% year-over-year to $1.1 million [9] - Adjusted EBITDA improved to ($462,000) from ($1.4 million) in the prior year [9] Operational Highlights - The company secured a $2.5 million contract with a major insurance provider to enhance member health plans [6] - A one-year, $1.5 million contract extension was obtained with the Indiana FSSA NeuroDiagnostic Institute [6] - A $660,000 contract extension was awarded to improve quality and reduce costs through data analysis [6] - Launched specialized content within Syrenity for individuals living with PTSD [6] Management Commentary - The CEO expressed satisfaction with the strong momentum at the start of 2025, highlighting revenue growth and gross margin expansion driven by a focus on higher-margin business units [5] - The company remains committed to operational efficiency and innovative digital health solutions [5] Financial Outlook - Due to ongoing federal budgetary revisions impacting key customers, the company has decided to withdraw its 2025 guidance until more quantifiable changes are available [6]
Veri Medtech (VRHI) Relaunches Veriheal.com
Globenewswire· 2025-04-30 11:00
Core Insights - Veri Medtech has relaunched its Veriheal.com healthcare technology platform, enhancing its capabilities to connect patients and physicians [1][2] - The upgraded platform aims to solidify Veriheal's leadership in the healthcare technology market [2] - Veri Medtech Holdings is focused on providing alternative medicine, personalized diagnostics, and wellness medication on demand, leveraging telehealth and digital systems [3] Company Overview - Veri Medtech Holdings, Inc. is a publicly-traded healthcare technology company with the stock ticker symbol "VRHI" [3] - The company is strategically positioned for growth and actively seeks acquisitions to enhance its core capabilities in alternative medicine and wellness science [3] - Veri Medtech emphasizes innovation and patient-centric care, aiming to make personalized healthcare more accessible [3]