Siyata Mobile Inc.

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Siyata Mobile Inc. reports Q2 revenue decline, eyes growth opportunities

Siyata Mobile Inc. faces challenges with working capital constraints impacting revenue and profitability.
Despite lower Q2 2024 revenue and margins, the company anticipates strong growth in Q3 and aims for double-digit growth in 2024.
Efforts to manage expenses and enhance operational efficiency will be crucial for future financial health and sustained growth.
Addressing liquidity challenges and optimizing costs present opportunities for improving financial performance and long-term sustainability.

Siyata Mobile Inc. reports record revenue in Q3 2024

Siyata Mobile Inc. delivered exceptional revenue growth in Q3 2024, driven by strong demand for its flagship products.
While facing challenges in cost management and profitability, the company's focus on operational efficiency and new product launches presents promising opportunities.
Investors should monitor Siyata Mobile's progress towards profitability and the successful rollout of its 5G product portfolio for future growth.

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Siyata Mobile, Inc. engages in the provision of cellular communications systems for enterprise customers. It specializes in connected vehicle products for professional fleets, marketed under the Uniden Cellular and Siyata brands. The firm operates through the following geographical segments: Europe, the Middle East and Africa; Unites States; Canada; and Australia and New Zealand. The company was founded by Marc Seelenfreund on October 15, 1986 and is headquartered in Montreal, Canada.

VANCOUVER, BC / ACCESSWIRE / March 22, 2023 / Siyata Mobile Inc. (NASDAQ:SYTA) (NASDAQ:SYTAW) ("Siyata" or the "Company"), a global provider of innovative Push-to-Talk over Cellular ("PoC") and cellular signal booster solutions, today announced the hiring of Zoila Hernandez as Director of Sales. Ms. Hernandez brings more than two decades of senior sales experience to her role at Siyata.

Siyata Mobile Welcomes Industry Veteran Zoila Hernandez as Director of Sales

Australia's Largest Wireless Carrier Expected to Commence Sales of the SD7 in Q2 2023 VANCOUVER, BC / ACCESSWIRE / March 20, 2023 / Siyata Mobile Inc. (NASDAQ:SYTA) (NASDAQ:SYTAW) ("Siyata" or the "Company"), a global provider of innovative Push-to-Talk over Cellular ("PoC") and cellular signal booster solutions, today announced the successful certification and approval of its mission-critical PoC (MCPTT) SD7 solution by Telstra, Australia's largest wireless carrier. Telstra is anticipated to begin sales of the SD7 in the second quarter of 2023 to its enterprise and government customers.

Siyata Announces Certification and Approval of Next Generation SD7 Solution by Telstra

Visit Booth #2125 in the Exhibit Hall March 29-30 VANCOUVER, BC / ACCESSWIRE / March 13, 2023 / Siyata Mobile Inc. (NASDAQ:SYTA) (NASDAQ:SYTAW) ("Siyata" or the "Company"), a global provider of innovative Push-to-Talk over Cellular ("PoC") and cellular signal booster solutions, today announced that the company will host an exhibitor's booth at the International Wireless Communications Expo ("IWCE") 2023 in partnership with Verizon Frontline, Verizon's public safety network. Siyata Mobile will be showcasing its new SD7 Mission Critical Push-To-Talk (MCPTT) solution, the SD7+ with built in Body Camera, and accessories in booth 2125.

Siyata to Showcase its new SD7+ Mission Critical PTT Solution with built in body camera, along with CrisisGo Safety Communication System, at IWCE 2023 alongside Verizon Frontline

Equipping Security Personnel and Volunteers with turnkey PTT communication solution VANCOUVER, BC / ACCESSWIRE / March 6, 2023 / Siyata Mobile Inc. (NASDAQ:SYTA) (NASDAQ:SYTAW) ("Siyata" or the "Company"), a global provider of innovative Push-to-Talk over Cellular ("PoC") and cellular signal booster solutions, today announced the successful deployment of its mission critical push-to-talk (MCPTT) solution for security and other communications at the 2023 Special Olympics New York Winter Games. "For the second year in a row, our devices were donated to and used at the Special Olympics Winter Games in Syracuse, New York to equip certain security personnel and event volunteers with the communications tools they need to help keep athletes, coaches, volunteers and spectators safe," said Marc Seelenfreund, Siyata CEO.

Siyata Provides Mission Critical Broadband Push-to-Talk (PTT) Communication Services for 2023 Special Olympics

Designed to enhance signal strength and improve reception VANCOUVER, BC / ACCESSWIRE / February 27, 2023 / Siyata Mobile Inc. ( Nasdaq:SYTA/SYTAW ) ("Siyata" or the "Company"), a global provider of innovative Push-to-Talk over Cellular ("PoC") and cellular signal booster solutions, today announced the launch of the Siyata T600 Cellular Booster for T-Mobile 5G enterprise customers. The T600 Cellular Booster is designed to enhance signal strength and improve reception for T-Mobile 5G enterprise customers.

Siyata Launches T600 Cellular Booster for T-Mobile 5G Enterprise Customers

Providing Mission Critical Devices for Large Independent Emergency Medical Service Provider VANCOUVER, BC / ACCESSWIRE / February 21, 2023 / Siyata Mobile Inc. (NASDAQ:SYTA) (NASDAQ:SYTAW) ("Siyata" or the "Company"), a global provider of innovative Push-to-Talk over Cellular ("PoC") and cellular signal booster solutions, today announced it has received an order for $750,000 for its next-generation MCPTT (mission critical push-to-talk) solution to equip an independent emergency management service ("EMS") provider. The order includes the Company's SD7 devices and related accessories.

Siyata Receives $750,000 Order for Its Next Generation Push-to-Talk Over Cellular Solution (PoC)

Enters Hospitality Industry with Order that Will Support a Multi-Billion-Dollar Integrated Resort and Residential Property Development VANCOUVER, BC / ACCESSWIRE / January 23, 2023 / Siyata Mobile Inc. (Nasdaq:SYTA/SYTAW) ("Siyata" or the "Company"), a global provider of innovative Push-to-Talk over Cellular ("PoC") and cellular signal booster solutions, today announced it has received an order for its next-generation MCPTT (mission critical push-to-talk) solution, which includes its SD7 device and related accessories, from a multi-billion-dollar, integrated resort and residential property development located in The Bahamas. "This order completes the process of converting a significant resort and residential property to our MCPTT solution and marks our first win in the hospitality vertical," said Marc Seelenfreund, Siyata CEO.

Siyata Expands Reach of Their Next Generation Push-to-Talk Over Cellular Solution (PoC) to a New Vertical Market

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New orders from existing customer totaling approximately $400,000 with total cumulative orders exceeding $1.7 million VANCOUVER, BC / ACCESSWIRE / January 18, 2023 / Siyata Mobile Inc. (Nasdaq:SYTA/SYTAW) ("Siyata" or the "Company"), a global vendor of Push-to-Talk over Cellular ("PoC") devices and cellular signal booster systems, today announced it has received follow-on orders from an existing customer, a leading Saudi Arabian cellular carrier, for its Uniden® UV350, a 4G/LTE all-in-one in-vehicle communication device. "These orders, which total approximately $400,000, will be used to equip an expanding fleet of emergency response vehicles with our high-performing UV350 devices," said Marc Seelenfreund, Siyata CEO.

Siyata's Receives Follow-On Orders for its UV350 Device from Leading Saudi Arabian Cellular Carrier

T-Mobile is the second-largest wireless carrier in the U.S. with more than 111.7 million customers1 SD7 now approved on all major U.S. wireless carriers including AT&T Inc., Verizon Communications Inc. and United States Cellular Corporation (UScellular™) Siyata believes that industry-changing Push-to-Talk Over Cellular device offers a far superior solution to competitive Land-Based Radio (LMR) technologies 2 SD7 targets the multi-billion-dollar first responder and enterprise markets VANCOUVER, BC / ACCESSWIRE / January 9, 2023 / Siyata Mobile Inc. (NASDAQ:SYTA)(NASDAQ:SYTAW) ("Siyata" or the "Company"), a global vendor of Push-to-Talk over Cellular ("PoC") devices and cellular signal booster systems, is pleased to announce that T-Mobile US, Inc. ("T-Mobile"), the second largest wireless carrier in the U.S. with more than 111.7 million customers1, will launch Siyata's rugged SD7 device onto its Internet of Things (IoT) data network. T-Mobile is expected to begin selling the SD7 to its broad enterprise customer base beginning in the Company's first quarter of 2023.

Siyata's Next Generation Push-to-Talk Over Cellular SD7 Device to be Launched Across T-Mobile IoT Data Network

The premier two-way radio supplier in the UK and Ireland, RadioTrader, services customers in agriculture, aviation, education, retail, hospitality, oil and gas, marine, and recreation and sport sectors VANCOUVER, BC / ACCESSWIRE / December 6, 2022 / Siyata Mobile Inc. (NASDAQ SYTA)(NASDAQ:SYTAW) ("Siyata" or the "Company"), a global vendor of Push-to-Talk over Cellular ("PoC") devices and cellular signal booster systems, has added RadioTrader, the UK and Ireland's premier two-way radio supplier, to distribute the SD7 ruggedized, mission critical PoC device and VK7 vehicle kit accessary. The SD7 was developed to disrupt and replace the multi-billion-dollar Land Mobile Radio (LMR) industry.

Siyata Mobile Adds UK and Ireland Distributor RadioTrader for SD7 Devices and VK7 Accessories

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Bell Mobility, a division of Bell Canada, to commence selling the SD7 and related accessories to its broad base of enterprise and first responder customers VANCOUVER, BC / ACCESSWIRE / November 16, 2022 / Siyata Mobile Inc. (NASDAQ:SYTA)(NASDAQ:SYTAW) ("Siyata" or the "Company"), a global vendor of Push-to-Talk over Cellular ("PoC") devices and cellular signal booster systems, is pleased to announce that Bell Mobility Inc., a leading wireless operator in Canada with more than 10 million subscribers and a division of Bell Canada, will launch Siyata's rugged SD7 device onto their network in the fourth quarter 2022. The SD7 was developed to disrupt and replace the multi-billion-dollar Land Mobile Radio (LMR) industry.

Siyata Mobile's SD7 Device Launch on Bell Mobility Wireless Network Expands Next-Generation Push-to-Talk Over Cellular Services Across Canada

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Siyata Mobile Inc. (NASDAQ:SYTA ) Q3 2022 Earnings Conference Call November 11, 2022 8:00 AM ET Company Participants Daniel Kim – Vice President-Corporate Development Marc Seelenfreund – Chief Executive Officer Glenn Kennedy – Vice President-International Sales Conference Call Participants Jack Vander Aarde – Maxim Group Tom Kerr – Zacks Investment Operator Good morning, ladies and gentlemen, and welcome to the Siyata Mobile Q3 Conference Call. At this time, all lines are in a listen-only mode.

Siyata Mobile Inc. (SYTA) Q3 2022 Earnings Call Transcript

This press release corrects, replaces and entirely supersedes the prior version published on November 10, 2022 at 4:15 PM ET Q3 revenue up 111% year-over-year to ~$2.6M Adjusted EBITDA loss declined 68% year-over-year to ~$1.6M Purchase orders of the rugged SD7 push-to-talk device and related accessories accelerated in Q3 with revenues of ~$1.4M Company to host conference call on Friday, November 11, at 8:00 a.m. EST VANCOUVER, BC / ACCESSWIRE / November 10, 2022 / Siyata Mobile Inc. (NASDAQ:SYTA)(NASDAQ:SYTAW) ("Siyata" or the "Company"), a global vendor of Push-to-Talk over Cellular (PoC) devices and cellular signal booster systems, announced its financial results for the three months ended September 30, 2022.

CORRECTING AND REPLACING: Siyata Mobile Announces Third Quarter 2022 Financial Results

Q3 revenue up 111% year-over-year to ~$2.6M Adjusted EBITDA loss declined 68% year-over-year to ~$1.6M Purchase orders of the rugged SD7 push-to-talk device and related accessories accelerated in Q3 with revenues of ~$1.4M Company to host conference call on Friday, November 11, at 8:00 a.m. EST VANCOUVER, BC / ACCESSWIRE / November 10, 2022 / Siyata Mobile Inc. (NASDAQ:SYTA)(NASDAQ:SYTAW) ("Siyata" or the "Company"), a global vendor of Push-to-Talk over Cellular (PoC) devices and cellular signal booster systems, announced its financial results for the three months ended September 30, 2022.

Siyata Mobile Announces Third Quarter 2022 Financial Results

New hire will immediately fill sales gap created by unprecedented demand for SD7 across multiple verticals VANCOUVER, BC / ACCESSWIRE / October 31, 2022 / Siyata Mobile Inc. ( NASDAQ:SYTA /SYTAW) ("Siyata" or the "Company"), a global vendor of Push-to-Talk over Cellular (PoC) devices and cellular signal booster systems, today announced the addition of telecom industry veteran Dan Leech to the Company's sales team. Mr. Leech brings more than a decade of senior sales experience to his role at Siyata.

Siyata Mobile Welcomes Telecom Industry Veteran Dan Leech to its Sales Team

SD7+ features a wide-angle camera coupled with 4G cellular connectivity will soon have traditional body camera functionality, as well as real-time situational and positional tracking An estimated 1.27 million global bodycams shipped in 2021, with North America representing the largest market share at approximately 485,000 units1 VANCOUVER, BC / ACCESSWIRE / October 26, 2022 / Siyata Mobile Inc. ( NASDAQ:SYTA )(NASDAQ:SYTAW) ("Siyata" or the "Company"), a global vendor of Push-to-Talk over Cellular (PoC) devices and cellular signal booster systems, today announces the SD7+ rugged mission-critical push-to-talk (PTT) device will soon be powered with Visual Labs Inc.'s ("Visual Labs") innovative body camera software. The integration of PTT and body camera functionality into a single platform eliminates the need for users to carry two separate devices (a communication device and a body camera), creating an ideal upgrade solution from legacy land mobile radio (LMR) technologies or proprietary stand-alone body cameras.

Siyata's SD7+ Cellular Body Camera Device Will Soon Be Powered by Visual Labs

VANCOUVER, BC / ACCESSWIRE / October 19, 2022 / Siyata Mobile Inc. (NASDAQ:SYTA) (NASDAQ:SYTAW) ("Siyata" or the "Company"), a global vendor of Push-to-Talk over Cellular (PoC) devices and cellular signal booster systems, today announced that Daniel Kim, VP Corporate Development of the Company, will attend and present at the ThinkEquity investor conference taking place at The Mandarin Oriental Hotel in New York on Wednesday, October 26, 2022. The Company is scheduled to present at 12:30 p.m.

Siyata to Present at ThinkEquity Investor Conference on October 26

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VANCOUVER, BC / ACCESSWIRE / October 13, 2022 / Siyata Mobile Inc. ( NASDAQ:SYTA )(NASDAQ:SYTAW) ("Siyata" or the "Company"), a global vendor of Push-to-Talk over Cellular (PoC) devices and cellular signal booster systems, today announced the closing of its previously announced $4.0 million registered direct offering. The Company previously entered into a securities purchase agreement with certain institutional investors to purchase approximately $4.0 million of its common shares (or pre-funded warrants in lieu thereof) in a registered direct offering and warrants to purchase common shares in a concurrent private placement.

Siyata Announces Closing of $4.0 Million Registered Direct Offering

VANCOUVER, BC / ACCESSWIRE / October 10, 2022 / Siyata Mobile Inc. (Nasdaq:SYTA/SYTAW) ("Siyata" or the "Company"), a global vendor of Push-to-Talk over Cellular (PoC) devices and cellular signal booster systems, today announced that it has entered into a securities purchase agreement with certain institutional investors to purchase approximately $4.0 million of its common shares and pre-funded warrants in lieu thereof in a registered direct offering and warrants to purchase common shares in a concurrent private placement. The combined effective purchase price for one common share and (pre-funded warrant in lieu thereof) and one warrant will be $0.23.

Siyata Announces Pricing of $4.0 Million Registered Direct Offering

VANCOUVER, BC / ACCESSWIRE / September 22, 2022 / Siyata Mobile Inc. (NASDAQ:SYTA) (NASDAQ:SYTAW) ("Siyata" or the "Company"), a global vendor of Push-to-Talk over Cellular (PoC) devices and cellular signal booster systems, is pleased to announce that it has received a purchase order from a federal government contractor who will provide Uniden® cellular booster kits and accessories to the U.S. Navy. The order includes the Uniden® U70P Cellular Booster Kits and accessories that will be utilized for numerous naval buildings with poor cell phone signal reception.

Siyata Mobile's Uniden(R) Cellular Booster Kits and Accessories To Be Purchased By U.S. Navy

Connecting school teachers and first responders, SD7's CrisisGo Panic App integration delivers instant communication for the U.S. public education system VANCOUVER, BC / ACCESSWIRE / September 8, 2022 / Siyata Mobile Inc. ( Nasdaq:SYTA /SYTAW) ("Siyata" or the "Company"), a global vendor of Push-to-Talk over Cellular (PoC) devices and cellular signal booster systems, is pleased to announce that its SD7 rugged mission-critical push-to-talk (MCPTT) device is now integrated with CrisisGo Inc.'s ("CrisisGo") Panic App, giving teachers instant access to first responders with a single push of a button. Integrated SoS communication improves response times and public safety during times of school community crisis.

Siyata Launches CrisisGo Panic App Integration for SD7, Providing Instant Communication Between Teachers and First Responders to Improve Crisis Response Times

News for Siyata Mobile Inc. Stock (SYTA)