Siyata Mobile Inc Stock Price, News & Analysis

Siyata Mobile reported record Q3 2024 revenue of $5.9 million, marking a 218% increase year-over-year. U.S. market sales reached $4.8 million, representing 81% of total revenue. The company achieved a gross margin of $1.7 million (29.0%) and reduced its net loss to $0.6 million from $1.9 million in the same period last year. Despite growth, Adjusted EBITDA was ($3.3) million versus ($1.6) million year-over-year. The company's cash balance decreased to $0.2 million from $0.9 million at the end of 2023. Management expressed optimism about reaching profitability and plans to launch a new 5G product portfolio in 2025, with T-Mobile as their first wireless carrier partner.

Siyata Mobile Inc. (Nasdaq: SYTA) announced the deployment of its SD7 handsets and VK7 vehicle kits by The National St John Ambulance Service (NStJA) in Papua New Guinea. The emergency medical service provider has upgraded from standard smartphones to Siyata's ruggedized devices integrated with the Zello Push-to-Talk app. According to NStJA's Chief Executive, the new solution provides better performance with improved battery life, clearer audio, and simpler operation through a PTT button compared to their previous UHF radio system.

Siyata Mobile (Nasdaq: SYTA), a global vendor of Push-to-Talk over Cellular devices and cellular signal booster systems, has scheduled its Q3 2024 financial results conference call for November 15, 2024, at 8:30 a.m. ET. The company will release its results after market close on November 14. The call will be accessible via phone and internet, with replay available until November 29, 2024.

Siyata Mobile (NASDAQ: SYTA) has secured a significant $2.5 million order for PTT handsets and Real Time View devices from an existing international EMS organization, scheduled for Q1 2025. This single transaction exceeds the revenue of any individual quarter from the past four periods. The company is positioning itself in the $7B PoC Total Available Market, with this order demonstrating growing business relationships with existing customers and the effectiveness of their rugged communication devices in EMS operations.

Siyata Mobile (Nasdaq: SYTA) has secured a new $2.5 million order from an existing international EMS organization for PTT handsets and Real Time View devices. The order is scheduled for delivery in the first quarter of 2025. This follow-on order demonstrates the effectiveness of Siyata's devices in emergency response operations and highlights the company's ability to maintain strong customer relationships in the first responder sector.

Siyata Mobile (Nasdaq: SYTA/SYTAW), a global vendor of Push-to-Talk over Cellular devices and cellular signal booster systems, announces its participation in The Spartan Capital Investor Conference on November 4, 2024, at The Pierre Hotel in New York City.

Glenn Kennedy, VP of International Sales, will deliver a presentation at 12 pm ET and conduct one-on-one investor meetings throughout the day. The conference brings together public company executives, institutional investors, and capital market leaders, offering networking and strategic discussion opportunities.

Siyata Mobile (NASDAQ: SYTA) has secured a $7 million equity line of credit (ELOC) with Hudson Global Ventures, The two-year agreement provides flexible, incremental monthly access to capital, designed to minimize shareholder dilution compared to traditional secondary offerings. This funding structure allows Siyata to finance growth initiatives without high-interest debt constraints, enabling the company to scale operations and pursue new markets efficiently. The ELOC's structure allows for increased access to capital as the company's market capitalization grows.

Siyata Mobile (Nasdaq: SYTA/SYTAW), a global vendor of Push-to-Talk over Cellular devices and cellular signal booster systems, announces its participation in The ThinkEquity Conference on October 30, 2024. The event will take place at the Mandarin Oriental Hotel in New York. Glenn Kennedy, VP of International Sales, will deliver a presentation at 4 p.m. ET and conduct one-on-one investor meetings throughout the day. The conference brings together institutional investors, corporate clients, and industry professionals to showcase innovations and financial strategies.

Siyata Mobile Inc. (Nasdaq: SYTA/SYTAW), a global vendor of Push-to-Talk over Cellular (PoC) devices and cellular signal booster systems, has announced its plan to release third quarter 2024 financial results. The company will disclose these results after market close on Thursday, November 14, 2024. This announcement provides investors and stakeholders with a specific date to anticipate Siyata's financial performance update for the third quarter of 2024.