Siyata Mobile, Inc. Warrant - SYTAW STOCK NEWS

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 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 (NASDAQ:SYTA, SYTAW) announced the rollout of its SD7 device through Goosetown Communications, aimed at enhancing communication for first responders and public service personnel. The SD7, a rugged Push-to-Talk over Cellular device, is designed to improve connectivity and functionality compared to traditional land mobile radio systems. Key features include LTE, Wi-Fi, and Bluetooth capabilities, making it suitable for harsh environments. Siyata's CEO expressed confidence in the SD7's value, particularly for the commercial and public safety sectors.

Siyata Mobile Inc. has announced a new distribution agreement with TESSCO Technologies, allowing TESSCO to distribute Siyata’s Uniden cellular signal boosters. Sales are expected to commence in Q1 2022. The partnership will enable TESSCO to co-brand these products with Ventev’s accessories, targeting professional and first responder markets. Siyata aims to enhance its market presence through TESSCO’s extensive distribution network, anticipating a positive revenue impact from this collaboration.

Siyata Mobile Inc. (NASDAQ:SYTA,SYTAW) has completed an underwritten public offering, raising approximately $20 million. The offering included 8,695,652 common shares and accompanying warrants, priced at $2.30 each. A 45-day option for underwriters to purchase additional shares was granted, of which 1,304,347 warrants were partially exercised. The proceeds will be used to repay a portion of senior secured convertible notes and for general corporate purposes, including working capital and growth strategies.