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Siyata Mobile (NASDAQ: SYTA) reported a noteworthy 30% year-over-year growth in revenue for Q1 2024, reaching $2.4 million compared to $1.8 million in Q1 2023. The company's gross margin improved significantly to 36.6%, up from 27.5% in the previous year. Despite these gains, the net loss was $2.8 million, a reduction from the $4.9 million net loss in Q1 2023. Adjusted EBITDA also showed improvement, standing at ($1.5) million compared to ($2.0) million the previous year. Siyata is expanding its sales channels for its Push-to-Talk over Cellular (PoC) devices, including the SD7 handset, which is now in stock at three of the four leading U.S. cellular carriers. The company appointed Gary Herman as the Chairman of the Board, following Peter Goldstein's resignation.
Siyata Mobile (Nasdaq: SYTA, SYTAW), a global developer of Push-to-Talk over Cellular (PoC) handsets and accessories, announced it will release its First Quarter Earnings Results after the market close on May 15, 2024. Investors can access the full press release on the company's website.
Siyata Mobile, a global developer and vendor of Push-to-Talk over Cellular (PoC) handsets and accessories, announced new orders totaling over $2.2 million for its SD7 handsets and related accessories.
The SD7 has achieved 'stocked' status with a third major U.S. wireless carrier, making it the only direct radio replacement device offered by three of the four largest U.S. carriers. This status supports sell-through with promotions and attractive pricing options.
CEO Marc Seelenfreund highlighted the growing demand for SD7 handsets across multiple verticals, including schools, first responders, security, and construction, and emphasized the company's optimism for strong sales growth in 2024 as adoption expands domestically and internationally.
Siyata Mobile Inc.'s inclusion in a large U.S. wireless carrier's 'Free Feature Phone for Life' promotion presents a significant market opportunity. The SD7 Handset, part of the promotion, targets over 100 million subscribers of the carrier, offering aggressive pricing to boost sales and growth. The partnership aims to enhance product visibility and accessibility for organizations in need of secure communication solutions.
Siyata Mobile Inc. announced that its SD7 Handset has been included in the 'Free Feature Phone for Life' promotion by FirstNet, Built with AT&T. The promotion offers eligible customers a free feature phone with Push-to-Talk, FirstNet Rapid Response, or a feature phone plan. The -time offer started on March 29. Siyata's CEO Marc Seelenfreund expressed gratitude for FirstNet's support in expanding the distribution of their products. FirstNet's assistant vice president, Matt Walsh, highlighted the high standards met by Siyata's SD7 handset for reliability, security, and performance. Visit the provided links for more details.
Siyata Mobile Inc. announced the closing of a $4.0 million public offering of common shares and pre-funded warrants. The gross proceeds were approximately $3.9 million. The company plans to use the funds for working capital, general corporate purposes, marketing, advertising services, and potential future acquisitions. The offering was made at a public offering price of $1.30 per share. Siyata aims to become a global leader in the Push-to-Talk over Cellular market, a multi-billion-dollar industry.
Siyata Mobile Inc. (Nasdaq:SYTA) will showcase its Push-to-Talk over Cellular devices and signal booster systems at Critical Communications World 2024 in Dubai. The company aims to expand its presence in mission-critical communication markets through engaging potential customers and securing new business opportunities.
Siyata Mobile Inc. announced the pricing of its $4.0 million public offering of common shares and pre-funded warrants at a price of $1.30 per share. The company plans to use the proceeds for working capital, general corporate purposes, marketing expenses, and potential future acquisitions. The offering is expected to close on May 10, 2024, and is facilitated by Spartan Capital Securities, Siyata aims to become a global leader in the multi-billion-dollar Push-to-Talk over Cellular market.
