Siyata Mobile Inc Stock Price, News & Analysis

Siyata Mobile reported Q2 2022 revenues of $970k, reflecting a significant 172% increase year-over-year. Key agreements with North American carriers and international distributors are enhancing sales of the new SD7 rugged push-to-talk device. Adjusted EBITDA improved to -$3.36M, compared to -$4.61M a year prior, while net losses decreased from -$10.86M to -$4.30M. The company ended the quarter with a cash balance of $4.05M. Management expressed optimism for sustained growth in Q3 2022.

Siyata Mobile will showcase its next-generation SD7 mission-critical push-to-talk over cellular device at the APCO 2022 conference from August 7-10 in Anaheim, California. This rugged Android-based device operates on the 4G LTE network, offering reliable communication for first responders and enterprise clients without the need for additional infrastructure like radio towers. CEO Marc Seelenfreund noted significant sales progress since its debut last year. The SD7 aims to modernize communication for public safety professionals, addressing limitations of traditional Land Mobile Radios.

Siyata Mobile Inc. (Nasdaq: SYTA, SYTAW) announced that its SD7 rugged devices provided essential emergency communications at the World Athletics Championships in Oregon, attended by approximately 55,000 visitors. The devices enabled clear communication among security and emergency medical personnel, improving operational efficiency. CEO Marc Seelenfreund highlighted the growing adoption of SD7 technology, which operates seamlessly over the FirstNet network. This event marks a significant opportunity for Siyata to showcase its innovative technology in a high-profile environment.

Siyata Mobile (Nasdaq: SYTA/SYTAW) announces the availability of its SD7 rugged mission-critical push-to-talk (MCPTT) device, integrated with TASSTA's industry-leading PTT solutions. This device targets diverse industries such as emergency services, healthcare, and transportation, enhancing communication capabilities and situational awareness.

The SD7 offers robust features including IP68 rating, long battery life, and connectivity via high-bandwidth 4G LTE networks, eliminating the need for additional infrastructure. This advancement expands Siyata’s market opportunities and meets the needs of first responders and enterprise clients.

Siyata Mobile Inc. (SYTA/SYTAW) has entered into an agreement with Azetti Networks, a provider of competitive carrier-grade services, to distribute its SD7 rugged mission-critical push-to-talk (MCPTT) device through Azetti's sales channels. This partnership aims to penetrate the multi-billion-dollar Land Mobile Radio market, with the SD7 designed for harsh environments. Azetti, headquartered in Madrid, has a growing footprint and a diverse client base, which includes major companies like Vodafone and Orange, enhancing Siyata's reach globally.

Siyata Mobile has launched a new High Power User Equipment (HPUE) antenna designed for Assured Wireless' AW12-Mega-Mobile modem, specifically for the FirstNet network. This innovation utilizes the 700 MHz Band 14 spectrum, allowing for a significant increase in LTE signal range—up to 80% compared to typical LTE devices. The HPUE modem operates at 1.25 Watts, enhancing connectivity for first responders in challenging environments. CEO Marc Seelenfreund emphasized the importance of this technology for improving communication efficiency among emergency services.

Siyata Mobile Inc. (NASDAQ:SYTA, SYTAW) has partnered with Logic Wireless Europe Ltd. to launch the SD7 rugged Push-to-Talk device integrated with ChatterPTT. This device aims to enhance communication for first responders and public services across the UK, Australia, New Zealand, and the Pacific Islands. The SD7 allows seamless communication on unified public cellular networks. Siyata's CEO expressed confidence in its potential to replace traditional land mobile radio devices. This partnership marks another step in Siyata's commitment to improve enterprise communications.

Siyata Mobile Inc. (SYTA/SYTAW) announces the launch of its rugged SD7 device on UScellular's network, a major player with 4.8 million customers. The SD7 is designed to disrupt the traditional Land Mobile Radio market by offering enhanced coverage and functionality through a high-bandwidth 4G LTE connection. It features a durable design suitable for harsh environments, eliminating the need for traditional radio infrastructures. This collaboration marks Siyata's third U.S. carrier partnership, expanding its reach to first responders and enterprise personnel nationwide.