Financial Highlights - Revenue for Q2 2025 was $1.9 million, consistent with $1.97 million in Q2 2024 [6][10] - Population Health revenue grew 197% year-over-year to $1.6 million from $533,000 in Q2 2024 [7][10] - Gross margin increased to 38.7%, up 2,090 basis points from 17.8% in the prior year [6][11] - Earnings per share improved to ($0.01) from ($0.21) in the same period last year [6][12] Operational Highlights - The company is engaged in contract negotiations for a $5.8 million agreement to support Indiana's Child Mental Health Wraparound program [8] - Awarded a contract worth up to $2.1 million for medical management nurses for a major health insurer, marking an expansion into the private sector [8] - Achieved ISO 27001:2022 certification, demonstrating commitment to data protection and information security [8] Management Commentary - Interim CEO Priya Prasad stated that the company is nearing profitability, driven by the growth of the Population Health business unit [9] - The company is focused on scaling successful strategies and maximizing long-term shareholder value [9] Financial Outlook - The company relies heavily on government budgets for revenue, with potential delays and cancellations in contracts due to federal spending program changes [3] - The possibility of further spending reviews may negatively impact revenue and cash flows in the near term [3]

Core Viewpoint - Syra Health Corp. has been recommended for contract negotiations to implement Indiana's Child Mental Health Wraparound Access Site, valued at $5.8 million over three years, with a potential one-year extension [1][2]. Company Overview - Syra Health is a healthcare technology company focused on improving health through innovative technology products and services, particularly in mental health, population health, and healthcare workforce [4]. - The company emphasizes prevention, access, and affordability in its healthcare solutions, aiming to advance healthcare nationwide and globally [4]. Contract Details - The contract with the Indiana Department of Administration involves Syra Health serving as the statewide access point for families and providers in the Child Mental Health Wraparound program [3]. - Syra Health will subcontract 23.5% of the total contract value to other Indiana-based companies, indicating a commitment to local partnerships [1]. Strategic Importance - This initiative is part of Indiana's broader strategy to enhance care coordination and improve mental health outcomes for children across the state [3]. - Syra Health has a proven track record of executing complex health initiatives for state and local governments, showcasing its capability in delivering comprehensive health solutions [2].