Syra Health Corp. · OTC:SYRA
Syra Health — Investor Presentation (November 2024)
29 slides from Syra Health's investor presentation, Nov 1, 2024
Slide 1: Investor Presentation
INVESTOR PRESENTATION NASDAQ: SYRA November 1, 2024 www.syrahealth.com
Slide 2: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS Statements in this presentation about future expectations, plans, and prospects, as well as any other statements regarding matters that are not historical facts, may constitute 'forward-looking statements.' The words 'anticipate,' 'believe,' 'continue,' 'could,' 'estimate,
Slide 3: Syra Health
SYRA HEALTH Healthcare Women-Led Technology Company CARMEL, INDIANA Became publicly Headquartered in traded on the Carmel, Nasdaq on Indiana September 29, 2023 Incorporated in 2020 Ticker Symbol: SYRA Active Contracts in 23+ States 130+ employees Nasdaq: SYRA 3
Slide 4: Prevention, Accessibility, and Affordability at Our Core
PREVENTION, ACCESSIBILITY, AND HIGH PROFIT MARGIN AFFORDABILITY AT OUR CORE Behavioral and Syra Health is a rapidly growing healthcare technology company that Mental Health provides innovative services and solutions for the multibillion-dollar healthcare market Population Health • Syra Health’s prop
Slide 5: Revenue Diversification Year-to-Date
REVENUE DIVERSIFICATION Year-to-Date 2023 2024 26% $3.8M 20% $6M Population Health, Digital Health, Behavioral and Mental Population Health, Digital Health, Behavioral and Mental Health, Health, and Health Education and Health Education 80% Healthcare 74% Workforce Healthcare 59% Workforce Nasdaq: S
Slide 6: Revenue Growth Quarter-over-Quarter
REVENUE GROWTH Quarter-over-Quarter 30% Q3 2023 35% Q3 2024 Population Health, Digital Health, Behavioral and Mental Population Health, Digital Health, Behavioral and Mental Health, Health, and Health Education and Health Education 65% Healthcare 70% Workforce Healthcare 42% Workforce Nasdaq: SYRA R
Slide 7: Q3 – Recent Highlights
Q3 – RECENT Highlights Secured healthcare workforce contracts Direct to Consumer across several states, Launch our Flagship including Delaware, Implementation of several Product – Syrenity. Florida, and Kansas government projects across Successfully adding revenues to our multiple states within high
Slide 8: SYRA Performance Quarter over Quarter
SYRA Performance Quarter over Quarter Revenue EPS from Gross margins Operational Net loss increased (0.21) per increased from expenses decreased 14.4% share to 17.8% to decreased 69% (0.06) 29.7% 37% Nasdaq: SYRA 8
Slide 9: Updated Guidance 2024 Annual Revenue
UPDATED GUIDANCE 2024 ANNUAL REVENUE 7.5 M - 9.5 M 12 10 8 $5.6 M $5.5 M 23% 6 71% 4 2 0 2022 A 2023 A 2024 E Nasdaq: SYRA 9
Slide 10: We Empower Key Partners Across the Healthcare Ecosystem
WE EMPOWER KEY PARTNERS ACROSS THE HEALTHCARE ECOSYSTEM Academic Providers Payers Institutions Life Sciences Government Organizations Nasdaq: SYRA 10
Slide 11: Behavioral & Mental Health: $132.4 Billion
BEHAVIORAL & MENTAL HEALTH Healthcare Challenge According to NAMI, 20% of adults living in the U.S. experience mental illness annually. Student mental health is also worsening. According to the CDC, 16.39% of youth (ages 12-17) reported suffering from at least one major depressive episode in the pas
Slide 12: Our Solution: AI Technology & Evidence-Based Mental Health App
OUR SOLUTION: AI TECHNOLOGY & EVIDENCE-BASED MENTAL HEALTH APP Revenue Streams: Monthly & Annual Subscription Fees, Tiered Subscription Plans, In-App Purchases, Employer Programs, Health Insurance Partnerships, Telehealth Services Nasdaq: SYRA 12
Slide 13: Digital Health: $211 Billion
DIGITAL HEALTH Healthcare Challenge A plethora of non-customized digital health products makes it hard to choose the right solution. High costs make it difficult for small to mid-sized providers and health systems to enter the digital health market. MARKET SIZE U.S. Digital Health market size of $21
Slide 14: Culturally Competent AI Companion
Conversational AI-powered chatbot designed as a companion —helping users feel connected, engaged, Culturally competent AI companion and empowered in their healthcare experience. Reduces Increases Improves access Customizable for various support calls by member/user to care and member population at l
Slide 15: Population Health: $20.6 Billion
POPULATION HEALTH Healthcare Challenge Relevant data, services, and analytical insights are sought to support healthcare decision-making and public health policies. MARKET SIZE $20.6 Billion 19.5% U.S. Population expected to Health market size of grow at CAGR of Nasdaq: SYRA 15
Slide 16: Population Health
POPULATION HEALTH Epidemiology Services Data Hub And Services Our experienced team analyzes emerging trends and Our Data Hub is a sophisticated solution for mining patterns in health using data-driven methods, which relevant public health data with the ability for partners to provide a deeper unders
Slide 17: Healthcare Workforce: $20.5 Billion
HEALTHCARE WORKFORCE Healthcare Challenge Data from the Health Resources and Services Administration show the healthcare workforce shortage continues. Healthcare organizations seek innovative solutions that train, stabilize, and retain their workforces. MARKET POTENTIAL U.S. Healthcare Workforce mar
Slide 18: Healthcare Workforce
HEALTHCARE WORKFORCE Comprehensive Medical Personnel Staffing Services We provide: • Recruitment Services • Healthcare Workforce Development • Training and Educational Resources • Workforce Platform and Technology Solutions Revenue Stream: Long and Short-term Government Contracts Nasdaq: SYRA 18
Slide 19: Health Education: $83 Billion
HEALTH EDUCATION Healthcare Challenge Additional provider training and patient education are needed to address health disparities and improve outcomes. MARKET POTENTIAL Health Education market size of $83 Billion expected to grow at CAGR of 10% Nasdaq: SYRA 19
Slide 20: Health Education Solutions
HEALTH EDUCATION SOLUTIONS Healthcare Training Patient Education We have a team of subject matter experts who create We offer comprehensive patient education learning for relevant topics such as trauma-informed solutions that help our customers improve care and social determinants of health to incre
Slide 21: Federal Government Solutions
FEDERAL GOVERNMENT SOLUTIONS Syra Health serves as a trusted partner to the government, delivering specialized services catering specifically to the diverse needs of federal government healthcare. Our solutions ensure efficient management, cost-effectiveness, and improved healthcare delivery. Increa
Slide 22: Delivering Innovative Solutions for Federal Healthcare Programs
DELIVERING INNOVATIVE SOLUTIONS FOR FEDERAL HEALTHCARE PROGRAMS AWARDED CONTRACTS NAME CONTRACT PERIOD VALUE Sub-contractor with Caduceus Healthcare on HHS Award 2024 - 2034 Ceiling at $75B Sub-contractor with LUKE on DHA Award – MQS2-NG 2024 - 2034 Ceiling at $43B (Task orders expected Q3/Q4 2024)
Slide 23: Key Strategies That Will Deliver Outstanding Financial Growth
KEY STRATEGIES THAT WILL DELIVER OUTSTANDING FINANCIAL GROWTH Grow our high-margin revenue Utilize our core strengths to Improve operational efficiencies business units. increase the Total Addressable through process optimization, Market of our Federal automation, and technology government business
Slide 24: 2024 Implementation and Awards Timeline
IMPLEMENTATION: Population Health Medicaid Managed Long Term Services and Support, Indiana Behavioral & Dec Health Education IMPLEMENTATION: Mental Health HCSP Training Program, Indiana Digital Health Healthcare Workforce IMPLEMENTATION: Syrenity Launch For Customers Nov AWARDED: Aug Sep Oct HCSP Tr
Slide 25: Capitalization Table
Capitalization Table Class A Common Stock 8,973,774 shares Class B Common Stock 833,334(1)x 10 Class A shares Total Outstanding Shares 17,307,114 shares To purchase 150,250 shares Options of Class A common stock To purchase 1,629,561 shares Warrants from IPO of Class A common stock Warrants from Sep
Slide 26: Capital Raise (September 2024)
Capital Raise (September 2024) Offering Size 3,203,125 Units(3) To purchase 3,203,125 shares Series A Warrants of Class A common stock To purchase 3,203,125 shares Series B Warrants of Class A common stock To purchase 160,157 shares Underwriter Warrants of Class A common stock Price $0.64 per Unit G
Slide 27: Syra Health Executive Leadership
SYRA HEALTH EXECUTIVE LEADERSHIP Deepika Vuppalanchi, PhD Sandeep Allam, MS Priya Prasad, MBA Chief Executive Officer & Chair President Chief Operating Officer & Chief Financial Officer • Deepika has more than 10 years of • Sandeep has more than 20 years of • Priya has nearly 20 years of healthcare
Slide 28: Syra Health Board of Directors
SYRA HEALTH BOARD OF DIRECTORS Sherron • Ms. Rogers has served as Chief Financial Officer of Johns Hopkins All Children’s Hospital, since March 2022. Rogers • Previously, Ms. Rogers served as Chief Financial Officer and Chief Strategy Officer of Eskenazi Health. • Dr. Dahlem has served as Senior Res
Slide 29: Thank You!
Thank You ! For More Information 1119 Keystone Way N #201, ir@syrahealth.com Contact Carmel, IN 46032 www.syrahealth.com 463-345-8950 Nasdaq: SYRA