Siyata Mobile Inc.

Earnings data Q4 2020

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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.

Reverse Stock-Split to be effective on August 2, 2024 VANCOUVER, BC , July 31, 2024 /PRNewswire/ -- 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 will effect a 1-for-18 reverse stock split ("Reverse Stock Split") of its common share, no par value per share ("Common Share"). The Reverse Stock Split will become effective at 12:01 a.m.

Siyata Announces Reverse Stock Split

VANCOUVER, BC , July 30, 2024 /PRNewswire/ -- Siyata Mobile Inc. (Nasdaq: SYTA) ("Siyata" or the "Company"), a global developer and vendor of Push-to-Talk over Cellular (PoC) handsets and accessories, today announced that it will attend APCO 2024, APCO International's Annual Conference & Expo, August 4-7 at the Orange County Convention Center in Orlando, Florida. The Company's products will be on display in a booth hosted by FirstNet, Booth #1313, in the Exhibit Hall.

Siyata Mobile to Attend APCO 2024 August 4-7 in Orlando, Florida

VANCOUVER, BC ,  July 26, 2024 /PRNewswire/ -- Verizon, in collaboration with Siyata Mobile Inc., is proud to announce the launch of the Siyata SD7, a purpose-built, mission-critical push-to-talk device designed to help revolutionize communication for first responders and enterprise clients across the United States.  Cory Davis, vice president of Verizon Frontline, commented, "We are excited to bring the Siyata SD7 directly to our customers.

Verizon Launches Siyata SD7 As Part of Its Stocked Handset Portfolio

Southern California municipality replaces legacy two-way radios VANCOUVER, BC , July 25, 2024 /PRNewswire/ -- Siyata Mobile Inc.  (Nasdaq: SYTA, SYTAW) ("Siyata" or the "Company"), a global developer and vendor of Push-to-Talk over Cellular (PoC) handsets and accessories, today announced that it has received an order for its SD7 Push-to-Talk (PTT) Handsets and VK7 Vehicle Kits from the City of Hawaiian Gardens, California. Marc Seelenfreund, CEO of Siyata, commented, "We are pleased to support the City of Hawaiian Gardens with our solution.

Siyata Mobile Announces New Order for SD7 Handsets and VK7 Vehicle Kits

VANCOUVER, BC , July 22, 2024 /PRNewswire/ -- Siyata Mobile Inc.  (NASDAQ: SYTA) ("Siyata" or the "Company"), a global developer and vendor of Push-to-Talk over Cellular (PoC) handsets and accessories, today announced that it has received a $1.2 million order from an existing customer, a leading international EMS service provider, for additional units of the Company's PoC rugged handsets, Real Time View and related accessories. Marc Seelenfreund, CEO of Siyata, stated, "Building on our July 18, 2024 press release highlighting $4.5 million in new orders, this additional order for $1.2 million further shows the market demand for our Siyata solutions.

Siyata Mobile Announces $1.2 Million Follow-on Order from a Leading International EMS Customer

VANCOUVER, BC , July 18, 2024 /PRNewswire/ -- Siyata Mobile Inc.  (Nasdaq: SYTA) ("Siyata" or the "Company"), a global developer and vendor of Push-to-Talk over Cellular (PoC) handsets and accessories, today announced that it has added TJ Kennedy to its Advisory Board. Mr. Kennedy previously held the role of President of the First Responder Network Authority (FirstNet), which oversees the nationwide public safety broadband network in the United States.

Siyata Mobile Announces Addition of TJ Kennedy to Its Advisory Board

Expects Q3 2024 to represent best sales quarter in company history VANCOUVER, BC , July 18, 2024 /PRNewswire/ -- Siyata Mobile Inc. (Nasdaq: SYTA) ("Siyata" or the "Company"), a global developer and vendor of Push-to-Talk over Cellular (PoC) handsets and accessories, today announced that it has received new orders for its SD7 handsets and related accessories valued at more than $4.5 million in the aggregate for U.S. wireless carriers. Marc Seelenfreund, CEO of Siyata, stated, "Our sales momentum continues, and we expect to deliver record sales in the third quarter ending September 30, 2024.

Siyata Mobile Announces New Orders for U.S. Wireless Carriers Valued at More Than $4.5 Million

VANCOUVER, BC , July 15, 2024 /PRNewswire/ -- Siyata Mobile Inc.  (Nasdaq: SYTA, SYTAW) ("Siyata" or the "Company"), a global developer and vendor of Push-to-Talk (PTT) over Cellular (PoC) handsets and accessories, today announced that Bensalem Township School District, a suburban school district located in Bucks County, Pennsylvania, has ordered its SD7 Push-to-Talk (PTT) handsets, VK7 Vehicle Kits and related accessories. The school district, which serves approximately 7,100 students, is deploying the Company's devices for use by its bus transportation services.

Siyata PTT Handsets Selected by Suburban School District for Ease of Use

Zello's Push-to-Talk App Now Available on Siyata's SD7 Handsets VANCOUVER, BC , July 10, 2024 /PRNewswire/ -- Siyata Mobile Inc. (Nasdaq: SYTA, SYTAW) ("Siyata" or the "Company"), a global developer and vendor of Push-to-Talk over Cellular (PoC) handsets and accessories, and Zello today announced that the Zello push-to-talk (PTT) application is now available on Siyata's SD7 push-to-talk handset. Marc Seelenfreund, CEO of Siyata, commented, "We are pleased to have the top-ranked Zello app integrated with our handsets and available for use globally.

Siyata Mobile and Zello Announce Integration of Top-Rated App and SD7 Handset

VANCOUVER, BC , July 8, 2024 /PRNewswire/ -- Siyata Mobile Inc.  (Nasdaq: SYTA, SYTAW) ("Siyata" or the "Company"), a global developer and vendor of Push-to-Talk over Cellular (PoC) handsets and accessories, today announced the appointment of Bob Escalle as Vice President of Public Safety.   Marc Seelenfreund, CEO of Siyata, stated, "We are excited to welcome Bob Escalle, a distinguished leader in the global Push-to-Talk (PTT) industry, to our team.

Siyata Mobile Appoints Samsung Director Bob Escalle to Vice President of Public Safety

VANCOUVER, BC , July 2, 2024 /PRNewswire/ -- Siyata Mobile Inc.  (Nasdaq: SYTA, SYTAW) ("Siyata" or the "Company"), a global developer and vendor of Push-to-Talk (PTT) over Cellular (PoC) handsets and accessories, today announces that it has committed to an investment in Canadian Towers & Fiber Optics Inc. ("CT&FO"), a Canadian based company that develops, constructs and owns telecommunications infrastructure in the flourishing telecommunication market in Mexico. CT&FO is focused on tower development in the attractive telecommunication market of Mexico with plans to expand to other Latin America countries through its extensive relationships in the region.

Siyata Mobile Announces Significant Strategic Investment in Canadian Towers & Fiber Optics with a Focus in Latin America

VANCOUVER, BC , June 28, 2024 /PRNewswire/ -- Siyata Mobile Inc. (Nasdaq: SYTA) (Nasdaq: SYTAW) ("Siyata" or the "Company" ), a global developer and vendor of Push-to-Talk over Cellular (PoC) handsets and accessories, today announced the closing of its previously announced public offering of approximately $6.0 million of common shares, and pre-funded warrants to purchase common shares at a public offering price of $0.58 per share. The gross proceeds of the offering do not include any proceeds to the Company from the future exercise of the pre-funded warrants issued in the offering.

Siyata Mobile Announces Closing of approximately $6.0 Million Public Offering of Common Shares and Pre-Funded Warrants

VANCOUVER, BC / ACCESSWIRE / June 27, 2024 / Siyata Mobile Inc. (NASDAQ:SYTA)(NASDAQ:SYTAW) ("Siyata" or the "Company"), a global developer and vendor of Push-to-Talk over Cellular (PoC) handsets and accessories,announces the pricing of its public offering of approx. $6 million of common shares, and/or pre-funded warrants to purchase common shares at a public offering price of $0.58 per share (minus $0.01 per pre-funded warrant).

Siyata Mobile Inc. Announces Pricing of Approx. $6 Million Public Offering of Common Shares and Pre-Funded Warrants

VANCOUVER, BC , June 5, 2024 /PRNewswire/ -- Siyata Mobile Inc.  (Nasdaq: SYTA, SYTAW) ("Siyata" or the "Company"), a global developer and vendor of Push-to-Talk (PTT) over Cellular (PoC) handsets and accessories, today announced its partnership with JD Telecom, a premier telecom solutions provider of commercial-grade vehicle solutions and a strategic distribution partner for T-Mobile, to expand distribution of its SD7 handsets, VK7 Vehicle Kits and related components. Siyata CEO, Marc Seelenfreund, commented, "JD Telecom is a trusted name in cellular vehicle solutions.

Siyata Mobile Announces New Partnership with JD Telecom

VANCOUVER, BC , May 30, 2024 /PRNewswire/ -- Siyata Mobile Inc.  (Nasdaq: SYTA, SYTAW) ("Siyata" or the "Company"), a global developer and vendor of Push-to-Talk over Cellular (PoC) handsets and accessories, today announced the award of a new patent by the United States Patent and Trademark Office ("USPTO") for its VK7 Vehicle Kit. Patent number US 11,949,442 B2 titled Mobile Conversion Apparatus For Docking Cellular Data Devices (the "Patent").

Siyata Mobile Granted New US Patent for Innovative Push-to-Talk Vehicle Kit

City of Lancaster, Ohio Integrates Solution into Day-to-Day Utility Operations VANCOUVER, BC , May 28, 2024 /PRNewswire/ -- Siyata Mobile Inc.  (Nasdaq: SYTA, SYTAW) ("Siyata" or the "Company"), a global developer and vendor of Push-to-Talk over Cellular (PoC) handsets and accessories, today announced that it has received an order from the City of Lancaster Public Utilities Department for its SD7 Push-to-Talk (PTT) handsets, VK7 Vehicle Kits and related accessories. The department provides utilities for the residents of Lancaster, Ohio.

Siyata Mobile SD7 PTT Handsets Selected by Public Utility to Replace Two-Way Radios

New Features Expand Applications for Loud Work Environments VANCOUVER, BC , May 23, 2024 /PRNewswire/ -- Following the press release on May 21, 2024 from Siyata Mobile Inc. (Nasdaq: SYTA, SYTAW) ("Siyata" or the "Company"), a global developer and vendor of Push-to-Talk over Cellular (PoC) handsets and accessories, the Company is pleased to give further clarity on its recently introduced SD7 Wired Palm Mic Pro with AI Noise Cancellation. This innovative device, designed for use with the Company's SD7 Handset, now includes groundbreaking features that extend its functionality beyond simple noise cancellation.

Siyata Mobile Provides Additional Update on its AI-Powered PTT Device

Hundreds of additional handsets and accessories to be deployed across luxury property located in Nassau, Bahamas VANCOUVER, BC , May 22, 2024 /PRNewswire/ -- Siyata Mobile Inc.  (Nasdaq: SYTA, SYTAW) ("Siyata" or the "Company"), a global developer and vendor of Push-to-Talk over Cellular (PoC) handsets and accessories, today announced the expansion of its relationship with luxury resort property, Baha Mar Resorts located in Nassau, Bahamas. Baha Mar is now using hundreds of SD7 handsets and accessories to extend usage of the devices across the property from valet services to the beach and numerous departments in between.

Siyata Mobile Expands SD7 Rollout at Baha Mar Resort

Gross margin expands to 36.6%, up from 27.5% in the year ago period VANCOUVER, BC / ACCESSWIRE / May 16, 2024 / Siyata Mobile Inc. (NASDAQ:SYTA)(NASDAQ:SYTAW) (" Siyata " or the " Company "), a global vendor of Push-to-Talk over Cellular (PoC) devices announced its financial results for the three months ended March 31, 2024. Marc Seelenfreund, CEO of Siyata, said, "With revenue growth of 30%, a higher gross margin and solid improvement in Adjusted EBITDA, our first quarter financial results reflect improvement in our business and the traction we are gaining in the market.

Siyata Mobile Reports Significant 30% Year-Over-Year Revenue Growth for the First Quarter of 2024

VANCOUVER, BC VANCOUVER, BC / ACCESSWIRE / May 15, 2024 / Siyata Mobile Inc. (Nasdaq:SYTA, SYTAW) ("Siyata" or the "Company"), a global developer and vendor of Push-to-Talk over Cellular (PoC) handsets and accessories, today announced that it will release First Quarter Earnings Results after the market close today, May 15th. The full press release can be found on the Company's website at https://ir.siyata.net/press-releases/.

Siyata Mobile to Release First Quarter Earnings Results After the Market Close Today

VANCOUVER, BC / ACCESSWIRE / May 14, 2024 / Siyata Mobile Inc. (Nasdaq:SYTA)(Nasdaq:SYTAW) ("Siyata" or the "Company"), a global developer and vendor of Push-to-Talk over Cellular (PoC) handsets and accessories, today announced that it has received new orders for its SD7 handsets and related accessories valued at over $2.2 million in the aggregate. We are also pleased to announce that another leading U.S. wireless carrier has designated Siyata's SD7 handset with ‘stocked' status, further supporting sell-through of the handsets with promotions and attractive pricing options for end customers.

Siyata Mobile Announces New Orders Totaling Over $2.2 Million; SD7 Achieves ‘Stocked' Status with Third Major U.S. Wireless Carrier

VANCOUVER, British Columbia--(BUSINESS WIRE)--Siyata Mobile Inc. (Nasdaq: SYTA, SYTAW) (“Siyata” or the “Company”), a global developer and vendor of Push-to-Talk over Cellular (PoC) handsets and accessories, today expanded on the market opportunity for its SD7 Handset with one of the largest U.S. cellular carriers. As a follow-on to the Company's press release issued on May 13, 2024, the Company made the following statement about the market opportunity. The original press release is available o.

Siyata Mobile's Inclusion in Large U.S. Wireless Carrier's ‘Free Feature Phone for Life' Promotion Opens Massive Market Opportunity

VANCOUVER, BC / ACCESSWIRE / May 13, 2024 / Siyata Mobile Inc. (Nasdaq:SYTA)(Nasdaq:SYTAW) ("Siyata" or the "Company"), a global developer and vendor of Push-to-Talk over Cellular (PoC) handsets and accessories, today announced that its SD7 Handset has been added to the ‘Free Feature Phone for Life' promotion from FirstNet®, Built with AT&T. Available to new activations or eligible upgrades, the promotion gives eligible customers the ability to choose a FirstNet Ready® free feature phone with either Push-to-Talk, FirstNet Rapid Response or a feature phone plan.

Siyata Mobile's SD7 Handset Added to AT&T FirstNet's ‘Free Feature Phone for Life' Promotion

VANCOUVER, BC / ACCESSWIRE / May 10, 2024 / Siyata Mobile Inc. (NASDAQ:SYTA)(NASDAQ:SYTAW) ("Siyata" or the "Company"), a global developer and vendor of Push-to-Talk over Cellular (PoC) handsets and accessories,today announced the closing of its previously announced public offering of $4.0 million of common shares, and/or pre-funded warrants to purchase common shares at a public offering price of $1.30 per share. The gross proceeds of the offering to the Company, before deducing placement agent fees and commissions and other offering expenses, were approximately $3.9 million (excluding proceeds to the Company, if any, that may result from the future exercise of the pre-funded warrants issued in the offering).

Siyata Mobile Announces Closing of Approximately $4.0 Million Public Offering of Common Shares and Pre-Funded Warrants

Visit Stand M41 in the Exhibition Hall to Experience Siyata's Solutions VANCOUVER, CA / ACCESSWIRE / May 9, 2024 / 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, announced today that it will attend and exhibit at Critical Communications World 2024 ("CCW") May 14-16 at the Dubai World Trade Centre in the city of Dubai, in the United Arab Emirates. Marc Seelenfreund, CEO of Siyata, commented, "Our goal is to become a global leader in mission critical PTT devices, and this conference provides us with an excellent opportunity to showcase our solutions and engage with potential new customers.

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