Welcome to our dedicated page for Siyata Mobile news (Ticker: SYTA), a resource for investors and traders seeking the latest updates and insights on Siyata Mobile stock.
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 Inc. has received approval from Telstra, Australia's leading cellular carrier, for its UV350 vehicle fleet communication device. This device is the world's first 4G/LTE, all-in-one system that facilitates cellular voice calls, Push-to-Talk over Cellular (PoC), and data applications, aimed at enhancing communications for professional drivers and first responders. The approval supports Siyata's goal to expand its presence in the PoC market. The company plans to collaborate further with Telstra on additional device approvals.
Siyata Mobile will release its second quarter 2021 financial results on October 14, 2021, after market close. A conference call is scheduled for October 15, 2021, at 8:30 a.m. ET to discuss these results and corporate developments. The company specializes in Push-to-Talk over Cellular devices and cellular signal booster systems, aiming to enhance communication and safety for first responders and enterprise users. The results and the call are anticipated by investors, with potential implications for stock performance under the ticker symbols SYTA and SYTAW.
Siyata Mobile Inc. (NASDAQ:SYTA, SYTAW) has partnered with Esper to enhance its SD7 handsets, designed for mission-critical Push-to-Talk (MCPTT) applications. This collaboration will integrate Esper's Android Enterprise Mobility Management (EMM) software into the SD7, facilitating streamlined device onboarding, remote updates, and customization. Expected to launch in North America in fall 2021, the SD7 aims to serve enterprise and public safety sectors, providing rugged, reliable communication devices, ultimately improving operational efficiency.
Siyata Mobile Inc. (NASDAQ: SYTA, SYTAW) will exhibit its communication products, including the SD7 and UV350, at the International Wireless Communication Expo from September 27-30, 2021 in Las Vegas.
The SD7 serves over two million first responders in the U.S., enhancing emergency communication. The UV350 is a dedicated in-vehicle smartphone, and Siyata's cellular boosters improve signal quality for various users. The event gathers over 7,000 industry professionals, marking a significant opportunity for Siyata to showcase its leadership in the Push-to-Talk over Cellular market.
Siyata Mobile (NASDAQ:SYTA, SYTAW) has secured a $400,000 purchase order for its UR7 rugged smartphones and CP250 tablet-style communication devices from a Middle Eastern distributor. These devices aim to modernize communication for taxis and delivery companies by replacing outdated land mobile radios with advanced Push-to-Talk over Cellular solutions. The UR7 features a clamshell design with dual speakers and dedicated buttons, while the CP250 provides multiple functionalities including navigation and DVR capabilities. This order reflects growing international demand in the transportation sector.
Siyata Mobile Inc. (NASDAQ:SYTA, SYTAW) has announced a strategic reseller agreement with Silk Worldwide Inc., enabling Silk to distribute Siyata's Uniden cellular signal boosters through its platforms, including SignalBoosters.com, Amazon, and Walmart. This partnership aims to enhance Siyata's market penetration in the cellular signal booster sector, addressing the widespread issue of weak cellular signals affecting millions in North America. The sales are expected to commence this quarter, leveraging Silk's extensive customer base.
Siyata Mobile Inc. (NASDAQ:SYTA, SYTAW) announced a $530,000 purchase order from a multinational defense contractor. This order will supply mobile Push-To-Talk (PTT) rugged handsets and UV350 commercial vehicle devices. The contractor plans to integrate Siyata's devices into their overall PTT solution, potentially leading to additional future orders. Siyata aims to enhance its position as a leading PTT vendor in the market.
Siyata Mobile Inc. (NASDAQ:SYTA, SYTAW) is set to unveil its SD7 device at the APCO International Conference from August 15-18, 2021, in San Antonio, TX. This ruggedized Push-To-Talk device is designed for mission-critical communication among first responders. The SD7, compatible with LTE, Wi-Fi, and Bluetooth, is built for harsh conditions with an IP67 rating. Siyata aims to capture a larger market share in MCPTT communications, initially launching in North America in 2H21 and later in Europe in 2022. The PoC market is projected to grow at a 13.6% CAGR.
Siyata Mobile Inc. announced the revocation of a cease trade order imposed by the British Columbia Securities Commission on April 8, 2021, due to late financial filings. The order was lifted on July 8, 2021, following the submission of all required documents. Siyata specializes in Push-to-Talk over Cellular devices and cellular booster systems, serving B2B markets including first responders. The company's shares are traded on NASDAQ under the symbols SYTA and SYTAW.
Siyata Mobile Inc. (SYTA, SYTAW) reported a 2020 revenue of $6.0 million, down 39% from $9.8 million in 2019, mainly due to decreased sales in Israel and EMEA. The company's net loss for 2020 was $13.6 million compared to $7.7 million the previous year. For Q1 2021, revenue increased 77% year-over-year to $4.0 million, with gross margin rising to 43.2% from 25.2%. However, the net loss was $2.1 million, higher than $1.2 million in Q1 2020. The company closed the quarter with $9.7 million in cash and $11.5 million in working capital.
FAQ
What is the current stock price of Siyata Mobile (SYTA)?
What is the market cap of Siyata Mobile (SYTA)?
What does Siyata Mobile, Inc. specialize in?
Where does Siyata Mobile operate?
What are some of Siyata Mobile's flagship products?
What recent achievements has Siyata Mobile made?
How does Siyata Mobile's SD7 handset stand out?
What innovative features does the SD7 Wired Palm Mic Pro offer?
How has Siyata Mobile performed financially recently?
What partnerships has Siyata Mobile recently formed?
What is Siyata Mobile's ticker symbol?
Where can I find more information about Siyata Mobile?
