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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 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.
Siyata Mobile Inc. (Nasdaq: SYTA/SYTAW) has announced that its next-generation SD7 Ultra series 5G mission-critical push-to-talk (MCPTT) cellular radio handsets will be available on T-Mobile's 5G network, the largest in the nation. This collaboration aims to provide public safety officials with reliable nationwide radio communications through T-Mobile's direct connect platform.
The SD7 Ultra series handsets will offer seamless connectivity and innovative applications designed to enhance operational awareness. This technology is expected to improve response times and help emergency services address critical situations more effectively, potentially saving lives.
Marc Seelenfreund, CEO of Siyata Mobile, emphasized that the SD7 Ultra series 5G cellular radio handsets represent the next generation of mission critical cellular devices for first responders, providing an ultimate solution when combined with T-Mobile's powerful 5G network.
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 participation in two major industry conferences in October 2024. The company will attend and exhibit at the FirstNet Users Summit from October 7-10 at the SAHARA Las Vegas, showcasing its SD7 handsets and accessories for first responders at booth #15.
Additionally, Siyata Mobile will participate in the International Association of Chiefs of Police (IACP) Annual Conference and Exposition from October 19-22 at the Boston Convention and Exhibition Center. The IACP event is expected to attract over 16,000 public safety professionals, providing a platform for discussing current challenges in law enforcement and identifying solutions.
Siyata Mobile Inc. (Nasdaq: SYTA) has announced a new order for its SD7 handsets and VK7 vehicle kits from Trans-West Security Systems, Inc., the largest physical private security company in its operating county. Trans-West is deploying hundreds of Siyata's devices to replace aging two-way radios. This order represents a significant opportunity for Siyata in the growing private security market.
CEO Marc Seelenfreund highlighted the increasing demand for comprehensive security solutions as crime rates rise. Siyata's ruggedized devices, operating on cellular networks, provide clear communication channels for security personnel. The order was facilitated through Siyata's reseller, Apex Wireless, whose National Sales Director, Anthony Flores, expressed satisfaction with the partnership.
Siyata Mobile Inc. (NASDAQ: SYTA) has achieved Bureau of Indian Standards (BIS) certification for its SD7 handset battery and power supply. This certification allows governments and enterprises in India to procure Siyata's SD7 handsets through the company's in-country reseller, Consort Digital. The BIS certification affirms the quality, safety, and reliability of Siyata's products for the Indian market.
The SD7 handset, integrated with Consort Digital's MCX ONE Solution, offers a state-of-the-art Mission Critical 'X' solution for first responders and enterprise customers. With 1.1 billion cellular subscribers, India represents a massive market opportunity for Siyata's Push-to-Talk over Cellular (PoC) devices and cellular signal booster systems.
Siyata Mobile Inc. (NASDAQ: SYTA, SYTAW), a global vendor of Push-to-Talk over Cellular (PoC) devices and cellular signal booster systems, will be exhibiting at the EMS World Expo from September 9-13, 2024, at the Las Vegas Convention Center. The company will showcase its SD7 handsets and related accessories at Booth 3017 in the West Hall, targeting EMS agencies and community first responders with secure and reliable communications solutions.
The EMS World Expo is recognized as the leading education event for emergency medical service providers globally, featuring discussions on evolving treatment strategies, technological breakthroughs, and advanced procedures to improve patient care.
Siyata Mobile Inc. (Nasdaq: SYTA) has appointed Campbell Becher to its Board of Directors, effective September 1, 2024. This appointment follows Stephen Ospalak's resignation, bringing the Board to 4 members, with 3 being independent. Mr. Becher, currently CEO of IberAmerican Lithium, brings over 20 years of investment banking experience to Siyata. He founded Byron Capital Markets and has served on boards of companies in the resources sector. Siyata's CEO, Marc Seelenfreund, expressed confidence that Becher's financial expertise and leadership will be valuable assets as the company aims to grow its business in the Push-to-Talk over Cellular (PoC) handsets and accessories market.
Siyata Mobile Inc. (Nasdaq: SYTA) has expanded its presence in the mining industry with a new order for SD7 handsets and accessories from a leading North American global mining company. The initial deployment will involve several hundred devices at a Canadian mining site, utilizing a private broadband network. Simultaneously, Siyata continues to supply UV350 Vehicle Kits to its long-standing customer Intellicom in Kazakhstan.
CEO Marc Seelenfreund expressed confidence that the new customer's experience with Siyata's devices will lead to improved communications and potential future sales expansion. The UV350 devices have been successfully used by heavy equipment operators in Kazakhstan for the past three years, providing effective and reliable communication in the mining industry.
Siyata Mobile Inc. (Nasdaq: SYTA) has delivered SD7 handsets to a new customer, the California Department of Parks and Recreation, for use at beaches and waterfronts. The ruggedized devices are designed for outdoor conditions and enable reliable connectivity across vast areas. 75 devices were deployed to California State Park Lifeguards in Orange County, allowing effective communication between lifeguards, dispatch, patrol units, and rescue vessels. The implementation has improved operations and situational awareness. According to Bryan Etnyre, Public Safety Superintendent, the Siyata devices on the FirstNet network serve as a cost-effective, scalable, and robust replacement for their existing Lifeguard tower communications system.
Siyata Mobile Inc. (Nasdaq: SYTA) announced its financial results for Q2 2024. Despite tempered revenue growth, the company reports a $7 million backlog of confirmed orders, projecting a strong second half of 2024. Key highlights include:
- Q2 revenues of $1.6 million, down from $2.7 million in Q2 2023
- Gross profit of ($144,000), or -8.9% of revenue
- Net loss of $12.9 million, largely due to non-cash items
- Adjusted EBITDA of ($3.8 million)
- Cash balance of $2.7 million as of June 30, 2024
The company achieved 'stocked' status for SD7 handsets with four major North American carriers and expects high double-digit year-over-year growth in Q3 2024.
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