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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) announced an upcoming interview with CEO Marc Seelenfreund on The RedChip Money Report airing on Bloomberg TV on May 28 at 7 p.m. ET. The show is targeted at small-cap investors and features insights from Wall Street analysts. Siyata specializes in Push-To-Talk over Cellular (PoC) devices and cellular signal booster systems, aiming to enhance communication for first responders and enterprise workers. With its shares listed on Nasdaq, the company continues to focus on expanding its market presence in communication technology.
Siyata Mobile reported Q1 revenues of $832,974, a significant decline from $4,031,975 in the same period last year, due to a transition from legacy products to new lines. The company highlighted a $2.2 million purchase order from a Tier 1 US wireless operator for its SD7 and VK7 products, revealing potential for growth. Management conveyed optimism about future customer wins and partnerships, aiming for profitability in the upcoming quarters.
Siyata Mobile Inc. reported Q1 2022 revenue of $832,974, significantly down from $4,031,975 in Q1 2021, primarily due to a transition from legacy product sales to new offerings. The company experienced a net loss of $4.89 million, an increase from $2.12 million year-over-year. However, a $2.2 million purchase order was received from a Tier 1 US operator for new ruggedized devices. Siyata aims to capitalize on the $12.6 billion Land Mobile Radio market with its SD7 device, recently certified for first responder use, signaling potential future growth.
Siyata Mobile (SYTA) has announced that its SD7 ruggedized device has received certification for use on FirstNet. This recognition positions SYTA as a provider of essential communication devices for public safety organizations. The SD7 is designed for durability and reliability in challenging environments. As the demand for advanced communication devices grows, SYTA's latest achievement could enhance its market presence and foster new business opportunities in B2B sectors. This certification is expected to have a positive impact on the company’s growth trajectory.
Siyata Mobile Inc. (SYTA, SYTAW) has announced that its SD7 ruggedized device is now FirstNet Ready, approved for use on the FirstNet communications network for first responders. This certification marks the end of a significant development phase and opens new market opportunities, positioning the SD7 to disrupt the $12.6 billion land mobile radio (LMR) industry. The device enables essential communication for critical applications, enhancing Siyata's credibility and collaboration with major telecom players.
Siyata Mobile Inc. (NASDAQ:SYTA, SYTAW) announced that its SD7 ruggedized device has been certified for use on FirstNet®, enhancing communication for first responders. The SD7 integrates cellular technology with the functionality of a land mobile radio, providing a secure communication tool for emergency situations. The company also introduced the VK7, a vehicle kit designed for improved connectivity with the SD7. This certification positions Siyata to potentially disrupt the $12.6 billion land mobile radio market and underscores its commitment to public safety.
Siyata Mobile Inc. (Nasdaq:SYTA,SYTAW) reported a 26% revenue growth in 2021, totaling $7.55 million, driven primarily by increased sales in the EMEA region. The launch of new products, including the SD7 rugged device, is expected to boost further growth in 2022. However, the company recorded a net loss of $23.63 million, up from $13.59 million in 2020. Adjusted EBITDA was negative at $12.43 million, compared to $8.63 million the previous year. Despite challenges, management is optimistic about future growth from expanded partnerships and product offerings.
Siyata Mobile Inc. (Nasdaq: SYTA, SYTAW) has reported significant growth, closing seven-figure and high six-figure deals, and achieving a 26% increase in revenue, reaching $7.6 million in 2021 compared to $6.0 million in 2020. The company provides cellular communication solutions using Push-to-Talk over Cellular (PoC) technology, primarily for global first responders and enterprise customers. Operating in multiple regions including Canada, the U.S., Europe, and Australia, Siyata is positioned in a rapidly growing market that replaces legacy radio technology, enhancing critical communications.
Siyata Mobile Inc. (NASDAQ:SYTA) has announced its participation in the 2022 Virtual Growth Conference, hosted by Maxim Group LLC on March 28th - 30th. Daniel Kim, VP of Corporate Development, will present on March 29 at 10:00 AM ET. The conference will feature leaders from various sectors, offering company insights and live Q&A sessions. Siyata provides Push-to-Talk devices, enhancing communication for first responders and enterprise workers globally. Investors interested in attending can register through M-Vest.
Siyata Mobile Inc. (NASDAQ:SYTA) has secured $750,000 in purchase orders from an emergency medical service provider and an international defense contractor in the EMEA region. The orders involve the company’s rugged Push-to-Talk (PTT) devices, tailored for enterprise users facing challenging environments. CEO Marc Seelenfreund emphasizes the ongoing demand for these devices, predicting further large-scale orders throughout 2022. Siyata aims to enhance communication and safety for first responders and enterprise personnel using its innovative cellular boost systems and PTT technology.
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