Siyata Mobile Inc Stock Price, News & Analysis

Siyata Mobile (NASDAQ: SYTA) merger target Core Gaming is showing strong performance in the mobile gaming industry, according to recent research by Moloco. The report highlights Core Gaming's success in several key areas:

Core Gaming has demonstrated effective re-engagement strategies through its proprietary BI platform, which optimizes marketing channels to target high-LTV players. The company's in-house AI tools have reduced production costs by 40% while increasing content output by 50% for targeted advertising.

The company serves 43 million monthly active users (MAUs) across 140 countries. Industry-wide metrics show promising trends, with install-to-payer conversion rates and customer lifetime value (LTV) both increasing by 6% for Day 30/90 cohorts. Core Gaming utilizes AppLovin as both a competitor and client, while employing AI-driven distribution platform for real-time ad optimization.

Siyata Mobile (NASDAQ: SYTA) received an updated valuation for its merger with Core Gaming, with ValueScope increasing Core Gaming's enterprise value to $185.9 million as of November 30, 2024, up from the initial $160 million valuation. The revision reflects Core Gaming's impressive growth metrics:

- Monthly Active Users (MAUs) increased from 40 million to 43 million
- Downloads grew from 600 million to over 790 million
- Game portfolio expanded from 2,000+ to over 2,100 titles

ValueScope projects Core Gaming's 2026 revenues to reach $240.8 million with a potential enterprise value of $963 million. The merger, expected to close in Q2, includes shareholder protection measures. Core Gaming leverages proprietary AI technology for game development and marketing optimization, maintaining partnerships with major platforms like Meta, Google, and TikTok.

Siyata Mobile (NASDAQ: SYTA) is implementing a tariff-resilient business strategy through two key initiatives: a $160 million merger with Core Gaming and domestic production reshoring. Core Gaming, valued at $185.9 million by ValueScope, brings significant digital assets including:

- $80 million revenue in 2024
- 40 million monthly active users (MAUs)
- 2,000+ mobile games
- 790 million downloads across 140 countries

ValueScope projects Core Gaming's revenues to reach $240.8 million by 2026. The merger, announced February 26, 2025, and expected to close in April, includes provisions that could potentially double record date shareholders' stake. Additionally, Siyata began relocating its Push-to-Talk (PTT) handset production from China to the United States in 2024, aiming to reduce tariff exposure and maintain margins in the $7 billion PoC market.

Siyata Mobile Inc. (Nasdaq: SYTA) announced that its SD7 Handsets will be deployed for mission-critical communications during the 2025 Baker To Vegas Challenge Cup Relay. The event, marking its 40th annual running, is the world's largest law enforcement relay race, attracting over 10,000 participants, staff, and spectators.

The race spans 120 miles from Baker, California to Las Vegas, Nevada, and will be held on April 5-6, 2025. Medical teams and event personnel will be equipped with Siyata's SD7 devices, which are specifically designed for performance in rough, rugged terrains. The company is supporting the Los Angeles Police Revolver and Athletic Club (LAPRAAC), the event sponsor, in collaboration with Verizon Frontline.

Siyata Mobile (NASDAQ: SYTA) has announced a significant $160 million merger with Core Gaming, an AI-driven gaming company. Core Gaming's impressive performance includes $80 million in 2024 revenue, 40 million monthly active users, and 600 million downloads across 2,000+ games in 140 countries.

The merger, announced February 26, 2025, and expected to close in April, features a unique structure for record date shareholders. Core Gaming has demonstrated remarkable growth, with revenue increasing from $13.2 million in 2021 to an estimated $90.8 million in 2024. According to ValueScope's valuation, the merger could potentially offer a 13X to 18X arbitrage opportunity for Siyata shareholders.

Core Gaming's CEO, Aitan Zacharin, will present the company's growth strategy at the AI & Technology Virtual Investor Conference on April 3, 2025, targeting expansion in the $126 billion mobile gaming market.

Siyata Mobile (NASDAQ: SYTA) has released its Q4 and full-year 2024 financial results, highlighting a pending merger with Core Gaming, Inc. Full-year 2024 revenues increased 41% to $11.6 million compared to $8.2 million in 2023.

Q4 2024 performance showed revenues of $1.5 million, down from $1.9 million in Q4 2023, with a net loss of $8.9 million compared to $3.9 million in the year-ago period. The company's Adjusted EBITDA for Q4 was ($5.6 million) versus ($2.3 million) in Q4 2023.

For the full year 2024, the net loss widened to $25.3 million from $12.9 million in 2023, with Adjusted EBITDA at ($14.3 million) compared to ($7.8 million) in 2023. The company's cash position decreased to $0.2 million as of December 31, 2024, down from $0.9 million year-over-year.

Siyata Mobile (NASDAQ: SYTA) has announced it will release its Q4 and full-year 2024 financial results on March 31, 2025, after market close. Following the recently announced definitive merger agreement with Core Gaming, the company will not hold a traditional earnings conference call.

Instead, investors are invited to attend the AI & Technology Virtual Investor Conference on April 3, 2025, at 10:30 am Eastern time, where Core Gaming's CEO Aitan Zacharin will present the company's growth strategy. The virtual event will be hosted by VirtualInvestorConferences.com and will allow investors to submit questions in advance. An archived webcast will be available for those unable to attend live.

Siyata Mobile (NASDAQ: SYTA) has received a valuation report from ValueScope for its planned merger target Core Gaming, setting the enterprise value at $185.9 million as of November 30, 2024.

Core Gaming's revenue growth trajectory shows impressive figures: $13.2M (2021), $38.9M (2022), $57.0M (2023), estimated $90.8M (2024), with projections of $145.8M (2025) and $240.8M (2026). The company's EBITDA margins are expected to reach 8.9% in 2026, achieving $21.4M.

Using industry-standard EV/Sales multiples of 3x-4x on projected 2026 revenue, Core Gaming's potential enterprise value could range from $722.4M to $963.2M. The company currently serves 40 million monthly active users with its AI-enhanced entertainment apps.

Siyata Mobile (NASDAQ: SYTA) is set to merge with Core Gaming in a significant $160 million deal, marking its entry into the $126 billion mobile gaming market. Core Gaming, valued by Marshall & Stevens subsidiary ValueScope, brings $80 million in 2024 revenue and 40 million monthly active users (MAUs).

The merger positions SYTA to leverage Core Gaming's AI-driven technology and extensive game development portfolio, which includes over 2,000 games and a publishing network. Core Gaming's CEO Aitan Zacharin will lead the combined companies post-merger. Additionally, Core Gaming has announced a new collaboration with Fire Rhino Studios for casual gaming market development.