Siyata Mobile, Inc. Warrant - SYTAW STOCK NEWS

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.

Siyata Mobile Inc. (NASDAQ: SYTA, SYTAW) announced purchase orders totaling USD $1.6 million from various First Responder and Enterprise customers for its Push-to-Talk devices. The orders include the flagship Uniden® UV350 and rugged handsets. CEO Marc Seelenfreund noted that demand is rebounding, especially after a challenging 2020 due to the pandemic. The company aims to capitalize on the growing Push-to-Talk over cellular market throughout 2021.

Siyata Mobile Inc. (SYTA, SYTAW) reported a 39% decline in revenue to $6.0 million for 2020, driven by significant drops in Israel and EMEA, despite a $800,000 increase in North America. The net loss widened to $13.6 million compared to the previous year's loss of $7.7 million. For Q1 2021, revenue surged by 77% year-over-year to $4.0 million, with a gross margin increase to 43.2% from 25.2%. Adjusted EBITDA loss narrowed to $291,000. Siyata closed Q1 with $9.7 million in cash, emphasizing a rebound in demand and growth potential.

Siyata Mobile Inc. (NASDAQ: SYTA, SYTAW) has announced the expected release date for its fourth quarter 2020 and first quarter 2021 financial results on or around June 30, 2021. The company specializes in Push-to-Talk over Cellular (PoC) devices and cellular booster systems, primarily catering to first responders and enterprise workers. A conference call will follow the financial results release. Investors can find more information on Siyata's offerings at siyatamobile.com.

Siyata Mobile Inc. (SYTA, SYTAW) announced that it received a notice from Nasdaq regarding non-compliance with Listing Rule 5250(c)(1) due to the late filing of its Annual Report on Form 20-F for the fiscal year ended December 31, 2020. The company must submit a compliance plan by July 16, 2021, which, if accepted, could grant an extension of up to 180 days for compliance. The notice does not currently affect the listing of its securities on Nasdaq.

Siyata Mobile Inc. (SYTA, SYTAW) announced a delay in releasing its Q4 2020 and Q1 2021 financial results, previously scheduled for May 17, 2021. The earnings call set for May 18, 2021, has also been postponed. The specific new release date and time, along with the rescheduled conference call, will be communicated by management later. Siyata specializes in Push-to-Talk over Cellular devices and cellular booster systems, aiming to enhance communication for first responders and enterprise workers.

Siyata Mobile Inc. (Nasdaq: SYTA, SYTAW) will announce its Q4 2020 and Q1 2021 financial results on May 17, 2021, after market close. A conference call is scheduled for May 18, 2021, at 8:30 a.m. ET to discuss these results. The company will also participate in the Benzinga Global Small Cap Conference on May 14 and the Q2 Virtual Investor Summit on May 17. Investors can attend the conference calls via a pre-registration link.

Siyata Mobile Inc. (NASDAQ: SYTA, SYTAW) announced it will release its fourth quarter and year-end 2020 financial results, along with the Canadian Annual Information Form, by May 17, 2021. The company will also disclose its first quarter 2021 financial results on the same day, followed by a conference call featuring key executives. Siyata specializes in Push-to-Talk over Cellular devices and cellular booster systems tailored for first responders and enterprise workers, enhancing communication and situational awareness.

Siyata Mobile Inc. (Nasdaq: SYTA, SYTAW) issued a statement clarifying the impact of a cease trade order (CTO) by the British Columbia Securities Commission on April 8, 2021, due to financial reporting discrepancies. The CTO does not affect trading of its shares on the Nasdaq. The company is actively working to update its Canadian filings as required. Investors facing trading difficulties are advised to contact their brokers with the CTO document and can reach out to the company for further assistance.