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Siyata Mobile, Inc. - SYTA STOCK NEWS

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.

News

Siyata and ESChat to Support 2024 Special Olympics with Push-to-Talk (PTT) Handsets and Service

Rhea-AI Summary
Siyata Mobile Inc. partners with ESChat to provide its SD7 handsets for use at the 2024 Special Olympics State Winter Games. The partnership aims to equip event personnel and volunteers with a turnkey communication solution that ensures secure Push-to-Talk (PTT) communications over a high bandwidth 4G LTE network. The SD7 is a rugged Android-based handset with excellent sound quality, resistance to water and dust, drop protection, and robust battery, making it well-suited for use in harsh winter conditions. The partnership is aimed at keeping athletes, coaches, volunteers, and spectators safe by providing reliable and secure communications. ESChat, a provider of broadband PTT services, has seen strong adoption for its service on the Siyata SD7 and is proud to be recognized as an official sponsor of the Special Olympics of New York (SONY).
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Siyata Expands Dealer Network with Addition of Large Verizon Elite Partner

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Siyata Mobile Inc. announces that CTS Mobility, a leader in the mobile communications space, is now a distributor of Siyata's Push-to-Talk over Cellular (PoC) SD7 solution and accessories. This partnership aims to expand the availability of Siyata's products in their addressable markets, providing rugged, reliable handsets for critical communications infrastructure for enterprises and emergency management services.
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Siyata Receives First Order for SD7 Handsets in Higher Education

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Siyata Mobile Inc. (SYTA) Receives First Order for SD7 Push-to-Talk Handsets from U.S. University
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A Year End Message from Marc Seelenfreund, Siyata Mobile’s CEO

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Siyata Mobile Inc. (Nasdaq: SYTA, SYTAW) is poised for success in 2024 after laying a strong foundation in 2023. The company is a global vendor of Push-to-Talk over Cellular (PoC) devices and cellular signal booster systems. Siyata manufactures the only Mission Critical Push-to-Talk (MCPTT) cellular radio device currently offered by leading North American cellular carriers, as well as a growing number of top international carriers. The company has secured many of the world’s largest cellular carriers and is quickly becoming a global leader in the ever-growing Push-to-Talk Over Cellular industry with Next Generation Cellular Technology. Siyata is in an extremely unique position to offer its next generation product portfolio in the multi-billion-dollar market to enterprise and first responder customers. The company has clear incentives to sell its MCPTT devices in different verticals including first responders, education, health care, security, utilities, hospitality, and more. Siyata is confident in its ability to ramp up sales and reach profitability in 2024, with a focus on adding 5G devices to stay ahead of the market and maximize shareholder value.
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Siyata Mobile Announces $900,000 Follow-On Orders

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Siyata Mobile Inc. (NASDAQ:SYTA)(NASDAQ:SYTAW) has received a $900,000 order for its UV350 In-Vehicle device and PTT rugged handsets from existing international Defense and EMS customers. The order is expected to be delivered in Q4 2023 and Q1 2024. CEO Marc Seelenfreund stated that the orders increase their penetration with existing customers, affirming the positive impact of their communication solutions.
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Siyata Announces Reverse Stock Split

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Siyata Mobile Inc. (SYTA) announced a 1-for-7 reverse stock split of its common shares, effective on December 4, 2023, to maintain its listing on the Nasdaq Capital Market. The reverse stock split aims to bring the company into compliance with the $1.00 minimum bid price requirement. Each outstanding stock option, pre-funded warrant, share purchase warrant, and other convertible security will be adjusted according to the reverse stock split ratio. The reverse stock split will not change the par value or authorized number of shares of common share, preferred stock, or any series of preferred stock.
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Siyata Receives Purchase Order for SD7 Handsets and VK7 Vehicle Kits for Use in New Vertical Market

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Siyata Mobile Inc. (SYTA) receives purchase order from Ambra Solutions, Inc. for SD7 Push-to-Talk handsets and VK7 vehicle kits to be deployed in remote mining operations in Northern Canada. The order is expected to be delivered in the fourth quarter of 2023, marking Siyata's entry into a new vertical market. The devices will operate on Ambra's private LTE/5G network, catering to the growing trend of mining companies turning to private cellular-based networks for reliable and secure communications. Siyata's CEO, Marc Seelenfreund, emphasizes the importance of reliable communication for safety and efficient operations in mining, while Ambra's CEO, Eric L'Heureux, expresses potential for future collaboration between the two companies.
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A Thanksgiving Message from Marc Seelenfreund, Siyata Mobile’s CEO

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Siyata Mobile Inc. (Nasdaq: SYTA, SYTAW) CEO Marc Seelenfreund expresses gratitude to stakeholders and team members in a Thanksgiving message. Seelenfreund acknowledges the support received and highlights the development of new sales verticals, record operating performance, and the Company's positioning for future success.
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Siyata Mobile Announces Financial Results for Third Quarter 2023

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Siyata Mobile Inc. (Nasdaq: SYTA) announces Q3 2023 financial results, reporting a 45% revenue growth year-to-date. Despite slight order delays, the company remains optimistic for future growth. The conference call to discuss the financial results will be held on November 16, 2023, at 8:30 a.m. ET.
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Siyata Mobile to Host Third Quarter 2023 Financial Results Call at 8:30 a.m. ET on November 16

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Siyata Mobile Inc. (NASDAQ:SYTA)(NASDAQ:SYTAW) to report Q3 2023 financial results on November 16. The company will host a conference call to discuss the results, including details on date, time, and access codes for both North America and international participants. A replay will be available until November 30, 2023, and the call can be accessed online.
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FAQ

What is the current stock price of Siyata Mobile (SYTA)?

The current stock price of Siyata Mobile (SYTA) is $0.98 as of November 22, 2024.

What is the market cap of Siyata Mobile (SYTA)?

The market cap of Siyata Mobile (SYTA) is approximately 4.1M.

What does Siyata Mobile, Inc. specialize in?

Siyata Mobile, Inc. specializes in Push-to-Talk over Cellular handsets and accessories, targeting first responders, enterprise customers, and rugged business environments.

Where does Siyata Mobile operate?

Siyata Mobile operates in the USA, Canada, EMEA, and Australia, with the majority of its revenue derived from the USA.

What are some of Siyata Mobile's flagship products?

Siyata's flagship products include the SD7 handset, Voyager connected vehicle smartphone, and portable Bagfone.

What recent achievements has Siyata Mobile made?

Siyata has secured new orders for its SD7 handsets valued at over $2.2 million and has expanded its product portfolio with the SD7 Wired Palm Mic Pro with AI Noise Cancellation.

How does Siyata Mobile's SD7 handset stand out?

The SD7 handset is the only direct radio replacement device offered by wireless carriers, stocked by three of the largest U.S. carriers, making it highly popular in various verticals.

What innovative features does the SD7 Wired Palm Mic Pro offer?

The SD7 Wired Palm Mic Pro features advanced AI to isolate human voice and suppress background noise, ensuring clear communication in loud environments.

How has Siyata Mobile performed financially recently?

For Q1 2024, Siyata reported a 30% revenue growth, a higher gross margin, and improved Adjusted EBITDA.

What partnerships has Siyata Mobile recently formed?

Siyata has partnered with JD Telecom to expand the distribution of its SD7 handsets, VK7 Vehicle Kits, and related components.

What is Siyata Mobile's ticker symbol?

Siyata Mobile's common shares trade on Nasdaq under the symbol "SYTA" and its warrants under the symbol "SYTAW".

Where can I find more information about Siyata Mobile?

More information about Siyata Mobile can be found on their websites www.siyata.net and unidencellular.com.

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Siyata Mobile, Inc.

Nasdaq:SYTA

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SYTA Stock Data

4.11M
4.07M
0%
1%
2.46%
Communication Equipment
Technology
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