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Siyata Mobile, Inc. (SYTA) is a B2B global developer and vendor known for its innovation in Push-to-Talk over Cellular (PoC) handsets and accessories. Established in 2010, the company made its mark with the world's first 3G fixed truck phone. Building on this success, Siyata introduced the Voyager connected vehicle smartphone in 2013 and the portable Bagfone, extending connectivity to remote areas.
The company specializes in vehicle-mounted, cellular-based communications platforms over advanced 3G mobile networks and cellular booster systems. Siyata serves a range of rugged business-to-business environments, including first responders, enterprise customers, construction workers, security guards, government agencies, and more. With operations in the USA, Canada, EMEA, and Australia, Siyata derives the majority of its revenue from the USA.
Siyata's flagship products include the SD7 handset and related accessories, which are now stocked by three of the four largest U.S. wireless carriers. The SD7 is the only direct radio replacement device offered by wireless carriers, making it a popular choice across various verticals such as schools, first responders, security, and construction. Recent orders for the SD7 and its accessories are valued at over $2.2 million.
The company's innovative product line is complemented by enterprise-grade in-vehicle solutions and cellular booster systems, enhancing communication in areas with weak cellular signals. Siyata's solutions are marketed through leading North American cellular carriers and international distributors.
Siyata has recently expanded its product portfolio with the introduction of the SD7 Wired Palm Mic Pro with AI Noise Cancellation. This device features advanced AI technology to isolate the human voice while suppressing background noise, making it ideal for loud environments.
Financially, Siyata reported a 30% revenue growth, a higher gross margin, and improved Adjusted EBITDA for Q1 2024. The company's liquidity remains strong, bolstered by a recent public offering that raised approximately $4 million. Siyata's continuous innovation and strategic partnerships position it as a global leader in the $10 billion PoC market.
Siyata shares trade on Nasdaq under the symbol "SYTA", and its warrants under the symbol "SYTAW". For more information, visit www.siyata.net and unidencellular.com.
Siyata Mobile (NASDAQ: SYTA) reported record quarterly revenue of $5.9 million in Q3, marking a significant 218% year-over-year increase from the third quarter of 2023. The company's U.S. market sales have grown by 55% year-to-date. CEO Marc Seelenfreund highlighted increasing demand for SD7 handsets across various vertical markets, as these ruggedized devices are replacing traditional land mobile radio (LMR) systems. The company reports a strong pipeline of sales opportunities and is developing next-generation products to establish leadership in their multi-billion-dollar industry.
Siyata Mobile reported record Q3 2024 revenue of $5.9 million, marking a 218% increase year-over-year. U.S. market sales reached $4.8 million, representing 81% of total revenue. The company achieved a gross margin of $1.7 million (29.0%) and reduced its net loss to $0.6 million from $1.9 million in the same period last year. Despite growth, Adjusted EBITDA was ($3.3) million versus ($1.6) million year-over-year. The company's cash balance decreased to $0.2 million from $0.9 million at the end of 2023. Management expressed optimism about reaching profitability and plans to launch a new 5G product portfolio in 2025, with T-Mobile as their first wireless carrier partner.
Siyata Mobile Inc. (Nasdaq: SYTA) announced the deployment of its SD7 handsets and VK7 vehicle kits by The National St John Ambulance Service (NStJA) in Papua New Guinea. The emergency medical service provider has upgraded from standard smartphones to Siyata's ruggedized devices integrated with the Zello Push-to-Talk app. According to NStJA's Chief Executive, the new solution provides better performance with improved battery life, clearer audio, and simpler operation through a PTT button compared to their previous UHF radio system.
Siyata Mobile (Nasdaq: SYTA), a global vendor of Push-to-Talk over Cellular devices and cellular signal booster systems, has scheduled its Q3 2024 financial results conference call for November 15, 2024, at 8:30 a.m. ET. The company will release its results after market close on November 14. The call will be accessible via phone and internet, with replay available until November 29, 2024.
Siyata Mobile (NASDAQ: SYTA) has secured a significant $2.5 million order for PTT handsets and Real Time View devices from an existing international EMS organization, scheduled for Q1 2025. This single transaction exceeds the revenue of any individual quarter from the past four periods. The company is positioning itself in the $7B PoC Total Available Market, with this order demonstrating growing business relationships with existing customers and the effectiveness of their rugged communication devices in EMS operations.
Siyata Mobile (Nasdaq: SYTA) has secured a new $2.5 million order from an existing international EMS organization for PTT handsets and Real Time View devices. The order is scheduled for delivery in the first quarter of 2025. This follow-on order demonstrates the effectiveness of Siyata's devices in emergency response operations and highlights the company's ability to maintain strong customer relationships in the first responder sector.
Siyata Mobile (Nasdaq: SYTA/SYTAW), a global vendor of Push-to-Talk over Cellular devices and cellular signal booster systems, announces its participation in The Spartan Capital Investor Conference on November 4, 2024, at The Pierre Hotel in New York City.
Glenn Kennedy, VP of International Sales, will deliver a presentation at 12 pm ET and conduct one-on-one investor meetings throughout the day. The conference brings together public company executives, institutional investors, and capital market leaders, offering networking and strategic discussion opportunities.
Siyata Mobile (NASDAQ: SYTA) has secured a $7 million equity line of credit (ELOC) with Hudson Global Ventures, The two-year agreement provides flexible, incremental monthly access to capital, designed to minimize shareholder dilution compared to traditional secondary offerings. This funding structure allows Siyata to finance growth initiatives without high-interest debt constraints, enabling the company to scale operations and pursue new markets efficiently. The ELOC's structure allows for increased access to capital as the company's market capitalization grows.
Siyata Mobile (Nasdaq: SYTA/SYTAW), a global vendor of Push-to-Talk over Cellular devices and cellular signal booster systems, announces its participation in The ThinkEquity Conference on October 30, 2024. The event will take place at the Mandarin Oriental Hotel in New York. Glenn Kennedy, VP of International Sales, will deliver a presentation at 4 p.m. ET and conduct one-on-one investor meetings throughout the day. The conference brings together institutional investors, corporate clients, and industry professionals to showcase innovations and financial strategies.
Siyata Mobile Inc. (Nasdaq: SYTA/SYTAW), a global vendor of Push-to-Talk over Cellular (PoC) devices and cellular signal booster systems, has announced its plan to release third quarter 2024 financial results. The company will disclose these results after market close on Thursday, November 14, 2024. This announcement provides investors and stakeholders with a specific date to anticipate Siyata's financial performance update for the third quarter of 2024.
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