Siyata Mobile Inc Stock Price, News & Analysis

Siyata Mobile Inc. (Nasdaq: SYTA/SYTAW) has secured follow-on orders totaling approximately $400,000 from a prominent Saudi Arabian cellular carrier, bringing total cumulative orders since 2019 to over $1.7 million. The orders are intended for the deployment of the Uniden UV350, a 4G/LTE communication device designed for emergency response vehicles. This news reflects the strong relationship between Siyata and the customer, highlighting the value of their products in high-risk situations. The UV350 is the only FirstNet Ready device in its category, addressing a growing demand for reliable Push-to-Talk over Cellular solutions.

Siyata Mobile Inc. (NASDAQ:SYTA, SYTAW) has announced the launch of its rugged SD7 device on T-Mobile's IoT data network, marking a significant milestone as all major U.S. carriers now offer the SD7. The company aims to disrupt the $13 billion Land Mobile Radio (LMR) market by providing a superior alternative. The SD7 is designed for first responders and enterprise customers, featuring 4G LTE connectivity, an IP68 rating for durability, and no need for infrastructure investment. This expansion could enhance Siyata's market reach and solidify its competitive position.

Siyata Mobile Inc. (NASDAQ: SYTA, SYTAW) has partnered with RadioTrader, the UK and Ireland's top two-way radio supplier, to distribute its SD7 rugged PoC device and VK7 vehicle kit. This agreement aims to penetrate the multi-billion-dollar Land Mobile Radio industry. RadioTrader, leveraging its 20 years of experience, will provide enhanced connectivity across various sectors such as agriculture, aviation, and retail. The SD7 offers superior audio quality and durability, eliminating the need for traditional radio infrastructure.

Siyata Mobile Inc. (SYTA, SYTAW) announces the launch of its rugged SD7 device by Bell Mobility, set for Q4 2022. This device targets the multi-billion dollar Land Mobile Radio (LMR) market, promising improved functionality and cost efficiency. The SD7 features Push-To-Talk capabilities over 4G LTE, IP68 ratings for durability, and eliminates the need for additional infrastructure. Its certification by major North American carriers bolsters Siyata's presence in Push-to-Talk over Cellular markets.

Siyata Mobile reported a 111% year-over-year revenue increase to approximately $2.6M for Q3 2022, driven by strong sales of the SD7 push-to-talk device, which generated $1.4M in revenue. The adjusted EBITDA loss decreased by 68% year-over-year to about $1.6M, and the company experienced a significant reduction in net loss to $500K from $5.7M year-over-year. Siyata is optimistic about growth as traction in various sectors continues, supported by the successful launch of new products and expansion efforts.

Siyata Mobile Inc. (NASDAQ:SYTA, NASDAQ:SYTAW) will report its third quarter financial results after market close on November 10, 2022. The company will host a conference call on November 11, 2022, at 8 a.m. EST, to discuss its results and engage in a Q&A session. Siyata is a global vendor of Push-to-Talk over Cellular (PoC) devices and cellular signal booster systems, serving first responders and enterprise workers. Their products enhance communication and signal strength in challenging environments.

Siyata Mobile Inc. has announced the hiring of Dan Leech, a telecom sales veteran, to address increasing demand for its SD7 device across various sectors. Leech's extensive experience includes roles at Motorola Solutions and FirstNet. CEO Marc Seelenfreund expressed optimism about the company's growth and market share expansion for the SD7, which has gained traction in industries like public safety and healthcare. The product is certified for use with major North American carriers, and more partnerships are expected in the future.

Siyata Mobile Inc. announced that its SD7+ push-to-talk device will integrate Visual Labs' body camera software, combining communication and body camera functions. This innovation targets first responders and provides advantages over traditional systems by eliminating the need for two separate devices. The SD7+ operates on a 4G LTE network, enabling remote video streaming and secure storage. The body-worn camera market is projected to grow from $444 million in 2018 to $1.5 billion by 2025, indicating strong potential for this new offering. Both companies aim to leverage existing carrier relationships for rapid deployment.