MicroCap Reports: Siyata Mobile, Inc. Accelerating Growth in $7B Market

Rhea-AI Summary

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.

Positive

• Secured new $2.5 million order for Q1 2025
• Order value exceeds revenue from any of the past four quarters
• Repeat business from existing customer indicating product satisfaction
• Expanding presence in $7B PoC market

Negative

• None.

Insights

Financial Analyst

This $2.5 million order represents a significant development for Siyata Mobile, particularly given its current market cap of just $3.66 million. The order value exceeds individual quarterly revenues from the past year, signaling potential revenue growth acceleration. However, investors should note that revenue recognition won't occur until Q1 2025 and the company's current financial position needs careful consideration.

The order from an existing international EMS customer demonstrates product validation and customer retention in the $7 billion Push-to-Talk (PTT) market. While this is promising, the extended timeline to revenue realization and the company's micro-cap status present significant execution risks. The stock's current valuation relative to this future revenue event requires careful analysis of working capital and operational sustainability through 2024.

Siyata Mobile Lands New $2.5 Million International Order for Q1 2025

St. Petersburg, Florida--(Newsfile Corp. - November 4, 2024) - MicroCap Reports highlights new order demonstrating Siyata Mobile, Inc. executing at high level (NASDAQ: SYTA) (NASDAQ: SYTAW).

Siyata Mobile Inc. (NASDAQ: SYTA) (NASDAQ: SYTAW) has announced an order valued at $2.5 million for its PTT handsets as well its Real Time View devices from an existing customer, an international EMS organization. Set to be realized in Q1 2025, this single transaction marks a major milestone for the company, securing more top-line revenue than any of the past four quarters individually. Combined with additional revenue driven through agreements with some of the world's largest telecom giants, Siyata Mobile is just beginning to tap into the massive $7B PoC Total Available Market, setting the stage for a robust 2025 and beyond.

Click https://microcapreports.com/lander/siyata-mobile/ to read about Siyata Mobile on the MicroCap Reports page.

In today's announcement, Marc Seelenfreund, CEO of Siyata, commented, "Growing our business with existing customers is a testament to the positive impact our devices are having on operations as well as the deep relationships that we cultivate with our customers. Time and again our devices are being proven as rugged, reliable and effective for enhancing communications when deployed by lifesaving EMS customers, thereby leading to follow on orders. We are pleased to expand our presence with this major first responder organization."

About Siyata Mobile

Siyata Mobile Inc. is a B2B global developer and vendor of next-generation Push-To-Talk over Cellular handsets and accessories. Its portfolio of rugged PTT handsets and accessories enables first responders and enterprise workers to instantly communicate over a nationwide cellular network of choice, to increase situational awareness and save lives. Police, fire, and ambulance organizations as well as schools, utilities, security companies, hospitals, waste management companies, resorts and many other organizations use Siyata PTT handsets and accessories today.

In support of our Push-to-Talk handsets and accessories, Siyata also offers enterprise-grade In-Vehicle solutions and Cellular Booster systems enabling our customers to communicate effectively when they are in their vehicles, and even in areas where the cellular signal is weak.

Siyata sells its portfolio through leading North American cellular carriers, and through international cellular carriers and distributors.

Siyata's common shares trade on the Nasdaq under the symbol "SYTA".

Visit www.siyata.net and unidencellular.com to learn more.

Contact: Editor@microcapreports.com

DISCLOSURE: MicroCap Studios, Inc. (MCS), owns and operates www.microcapreports.com, and is an investor marketing services provider which disseminates corporate news and information electronically through multiple online media platforms. MCS is NOT an affiliate with any of the companies mentioned in our reports. MCS is an investor marketing service and is not registered with FINRA or any other professional licensing service. MCS is not an analyst, broker dealer or advisor, and holds no such licenses. MCS may NOT offer to buy, sell, or hold any security. MCS and any corporate profiles will NEVER be a solicitation or recommendation of any kind, of any security mentioned. The materials in all our releases are intended to be for informational purposes only and should never be considered research or due diligence on any company mentioned. All readers are encouraged to perform standard due diligence by reading the company's filings at https://www.sec.gov/edgar/browse/?CIK=1649009&owner=exclude. Readers should consult their broker or licensed professional before investing in any company. All materials in this newsletter are based on publicly available statements made by the companies. MCS is not liable for any investment decisions made by any readers or subscribers. Any investment could result in you losing all your money from investing in any stock. An affiliate of MCS's editor owns 794 shares of $SYTA and will not trade in the stock. MCS has been paid to write and send relevant information concerning Siyata to interested readers. MCS' parent company, MicroCap Advisory, has been paid up to seventeen thousand five hundred dollars per week for continuous updates and coverage over the next thirteen weeks. MCS is paid to put a best-case scenario profile out to the investing public. This newsletter contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 20-F and other filings such as 6-Ks made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this newsletter are made as of the date hereof and MCS undertakes no obligation to update such statements.

SOURCE: MicroCap Reports

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/228725

FAQ

What is the value of Siyata Mobile's (SYTA) new order announced in November 2024?

Siyata Mobile (SYTA) secured a $2.5 million order for PTT handsets and Real Time View devices from an international EMS organization.

When will Siyata Mobile (SYTA) deliver the $2.5 million order?

The $2.5 million order is scheduled to be realized in Q1 2025.

What is the size of the PoC market that Siyata Mobile (SYTA) is targeting?

Siyata Mobile (SYTA) is targeting a $7 billion PoC (Push-to-Talk over Cellular) Total Available Market.