Syra Health Corp.

Good morning ladies and gentlemen and welcome to Syrah Health 4th Quarter and Full Year 2023 Financial Results Conference Call. At this time, all lines are in a listen-only mode. If at any time during this call you require immediate assistance, please press star 0 for the operator. This call is being recorded on Monday, March 25, 2024. I would now like to turn the conference over to Ben Shumshen. Please go ahead.

Good morning, everyone, and thank you for joining us for Saira Health's fourth quarter and full year 2023 financial results conference call. Joining us on the call is Dr. Divika Povostalanchi, CEO of Saira Health, Saira Health Executive Chairman and President Sandeep Alam, and Priya Prasad, Saira's Chief Financial Officer. At the conclusion of today's prepared remarks, management will answer some questions that were sent to us by investors and other questions we think are relevant to investors as well. Today's event is being recorded and will be available for replay through the webcast information provided in the press release. Finally, I'd also like to call your attention to the customary safe harbor disclosures regarding forward-looking information. The conference call today will contain certain forward-looking statements, including statements regarding the goals, strategies, beliefs, expectations, and future potential operating results of SARA help. Although management believes that these statements are reasonable based on estimates, assumptions, and projections as of today, these statements are not a guarantee of future performance. Time-sensitive information may no longer be accurate at any time telephonics webcast replay. Actual results may differ materially as a result of risks, uncertainties, and other factors, including but not limited to the factors set forth in the company's filings with the SEC. SARA undertakes no obligation to update or revise any of these forward-looking statements. With that said, I would like to turn the event over to Dr. Deepika Vipulanchi, Chief Executive Officer of SARA Health. Deepika, please proceed.

Thank you, Ben, and welcome, everyone. I'm pleased to discuss with you our 2023 financial results and our 2024 outlook. 2023 was a transformational year for Syrah Health as we successfully completed our initial public offering and began trading on the NASDAQ. This is an exciting time for Syrah Health as we embark on fulfilling our promise to continually push the boundaries of mental health solutions, explore new frontiers in digital health, and remain dedicated to our pursuit of a healthier population. Our goal is to become a leader in healthcare solutions for our partners, and expand our operations by leveraging our established subsets, which we have achieved in key geographical areas to drive growth nationwide. The areas of mental and behavioral health are gaining a lot of attention, and the public and private sectors are allocating increased resources in solving this crisis. We stand to meaningfully benefit from this trend. We had important achievements in 2023 that will positively impact our business going forward. We significantly expanded our customer geography from our home state of Indiana to 17 states currently. We also diversified our revenues beyond our legacy healthcare workforce to digital health, population health, and health education. In 2023, our non-healthcare workforce business units grew 250% and accounted for 23% of our total revenues versus just 6% in 2022. We made substantial progress on the technology front with the launches of Serenity, Cyrobot, and K+. Furthermore, we strengthened our balance sheet to allow us to achieve our growth objectives. Our efforts in the past months have set the stage for accelerated growth in 2024 and beyond. We are excited about our pipeline of contracts and expect revenue growth to expand meaningfully in 2024. We now expect 2024 revenues to be in the range of 9 to 11 million, reflecting 64% to 100% growth versus 2023. Strong growth in 2024 is expected to come from our population health and healthcare workforce business units, coupled with continual growth from our behavioral mental health, digital health, and health education business units. We have been successful in securing sizable contracts in these areas in recent months and expect further opportunities going forward. In late 2023, we also announced our expansion into the federal government space with the launch of our new government solutions business unit. We successfully secured a partnership for a significant federal government contract in recent months and expect further opportunities going forward as we continue to bid on federal government business. We have a dedicated in-house RFP team to ensure appropriate opportunities across government agencies are timely tracked and quality proposals are submitted. As we continue our expansion, our talent pool and infrastructure will grow to support the breadth and depth of our services. I would like to now turn it over to Sandeep Alam to speak about our business units in more detail.