Siyata Mobile Inc - SYTAW STOCK NEWS

Siyata Mobile Inc. announced the pricing of its $4.0 million public offering of common shares and pre-funded warrants at a price of $1.30 per share. The company plans to use the proceeds for working capital, general corporate purposes, marketing expenses, and potential future acquisitions. The offering is expected to close on May 10, 2024, and is facilitated by Spartan Capital Securities, Siyata aims to become a global leader in the multi-billion-dollar Push-to-Talk over Cellular market.

Siyata Mobile Inc. reported a 27% increase in revenue for the full year 2023, reaching $8.2 million. The company's CEO, Marc Seelenfreund, highlighted the growth and expansion achieved in 2023, with a 92% increase in gross margin over 2022. Siyata's SD7 PTT handsets gained traction in new verticals and geographies, securing partnerships with major U.S. cellular carriers. The company aims to capitalize on the shift from legacy LMR devices to PTT solutions and anticipates strong sales momentum in 2024. Despite a net loss of $12.9 million for the year, Siyata is focused on aggressive sales growth and profitability in the upcoming quarters.

Siyata Mobile Inc. (SYTA) will report its Q4 2023 financial results on April 8, 2024. The company, known for Push-to-Talk over Cellular products, will host a conference call on April 9 to discuss the results. Details for the call and replay are provided.

Siyata Mobile Inc. partners with 3AM Innovations to integrate their FLORIAN incident command software with Siyata's SD7 handset, enhancing safety for firefighters. The collaboration aims to offer a rugged hardware solution paired with a best-in-class app for the first responder community.

Siyata Mobile Inc. announces a distribution agreement to offer its Rugged PTT Handsets, In-Vehicle Devices, and Real Time View products through a leading mobility, transportation, and logistics group in the Middle East. CEO Marc Seelenfreund highlights the strategic importance of expanding global distribution to drive growth in 2024.

Siyata Mobile Inc. (NASDAQ:SYTA) will exhibit at the International Wireless Communications Expo 2024 in partnership with Verizon, showcasing its SD7 Mission Critical PTT Handset and VK7 Vehicle Kit.

UScellular partners with industry innovators to offer a push-to-talk solution for various sectors. The integrated bundle includes ESChat software, Siyata's PoC radio, and UScellular's data plan, enhancing customer experience starting at $28 per month.

Siyata Mobile Inc. receives a purchase order for 1,000 units of its UV350 in-vehicle fleet communication devices from an international EMS provider. The company expects to deliver the units in the current quarter. CEO Marc Seelenfreund emphasizes the importance of serving the First Responder vertical and highlights the strategic growth plans for 2024.

Siyata Mobile Inc. announces an expanded alliance with Hyperion Partners to distribute the Company's mission-critical PoC (MCPTT) SD7 handsets and accessories. The move aims to accelerate global order intake and drive growth by leveraging Hyperion's reach as a leading T-Mobile Dealer. Siyata CEO, Marc Seelenfreund, highlights the robust demand for push-to-talk over cellular solutions, while Hyperion Partners CEO, Kerry McGonigal, emphasizes the importance of reliable hardware in their offering.