Siyata Mobile Inc.

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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.

Devices to be deployed for use in remote mining operations, enabled by Ambra Solutions' private LTE/5G network. VANCOUVER, BC / ACCESSWIRE / November 27, 2023 / 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 a purchase order from its Canadian resell partner and private LTE/5G engineering firm, Solutions Ambra, Inc. ("Ambra") for the Company's SD7 Push-to-Talk (PTT) handsets, VK7 vehicle kits and related accessories.

Siyata Receives Purchase Order for SD7 Handsets and VK7 Vehicle Kits for Use in New Vertical Market

VANCOUVER, British Columbia, Nov. 20, 2023 (GLOBE NEWSWIRE) -- 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 that it's publishing the following Thanksgiving Message from Marc Seelenfreund, CEO of Siyata.

A Thanksgiving Message from Marc Seelenfreund, Siyata Mobile's CEO

Siyata Mobile Inc. (NASDAQ:SYTA ) Q3 2023 Earnings Conference Call November 16, 2023 8:30 AM ET Company Participants Glenn Kennedy - Vice President of International Sales Marc Seelenfreund - Chief Executive Officer Conference Call Participants Jack Vander Aarde - Maxim Group LLC Brian Lantier - Zacks Small-Cap Research Operator Good morning, ladies and gentlemen and welcome to the Siyata Mobile Q3 2023 Conference Call. At this time all lines are in a listen-only mode.

Siyata Mobile Inc. (SYTA) Q3 2023 Earnings Call Transcript

Company to host conference call at 8:30 a.m. ET on Thursday November 16 VANCOUVER, BC / ACCESSWIRE / November 15, 2023 / Siyata Mobile Inc. (Nasdaq:SYTA)(Nasdaq:SYTAW) ("Siyata" or the "Company"), a global vendor of Push-to-Talk over Cellular (PoC) devices and cellular signal booster systems, announced its financial results for the three months ended September 30, 2023.

Siyata Mobile Announces Financial Results for Third Quarter 2023

Q3 2023 results to be reported before the market open on November 16 VANCOUVER, BC / ACCESSWIRE / November 13, 2023 / 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, announced that it will host a conference call at 8:30 a.m. ET on Thursday, November 16 to discuss its third quarter 2023 financial results.

Siyata Mobile to Host Third Quarter 2023 Financial Results Call at 8:30 a.m. ET on November 16

VANCOUVER, BC / ACCESSWIRE / November 1, 2023 / 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 a $750,000 order for the Company's Push-to-Talk (PTT) handsets combined with Synch Communication ("Synch") command and control solutions. As previously announced, Siyata is partnering with Synch Communication ("Synch") to provide essential communication solutions for first responders in Israel.

Siyata Receives $750,000 Order for Use by First Responders in Israel

VANCOUVER, BC / ACCESSWIRE / October 31, 2023 / 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 1,870,000 common shares and 530,000 pre-funded warrants to purchase common shares at a public offering price of $0.65 per share and $0.64 per pre-funded warrant. The gross proceeds of the offering to the Company, before deducing placement agent fees and commissions and other offering expenses, and excluding proceeds to the Company, if any, that may result from the future exercise of the pre-funded warrants issued in the offering, were approximately $1.6 million.

Siyata Mobile Announces Closing of $1.6 Million Public Offering of Common Shares and Pre-Funded Warrants

Siyata Mobile Announces Pricing of $1.6 Million Public Offering of Common Shares VANCOUVER, BC / ACCESSWIRE / October 27, 2023 / 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 pricing of a public offering of 2,400,000 common shares (or pre-funded warrants to purchase common shares in lieu thereof) at a public offering price of $0.65 per share. The gross proceeds of the offering to the Company, before deducing placement agent fees and commissions and other offering expenses, are expected to be approximately $1.6 million.

Siyata Mobile Announces Pricing of $1.6 Million Public Offering of Common Shares

VANCOUVER, BC / ACCESSWIRE / October 23, 2023 / 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 entered into a distribution agreement for its SD7 handsets and accessories with GetWireless LLC ("GetWireless"), a leading, value-added distributor of cellular solutions that connect the Internet of Things (IoT). GetWireless has decades of experience working exclusively with channel partners in the IoT, mobility, in-building connectivity, fleet tracking and other wireless markets.

Siyata Mobile Signs Distribution Agreement with GetWireless

VANCOUVER, BC / ACCESSWIRE / October 9, 2023 / 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 it has been invited to present at the conference on Exploring All Corners of the Tech Sector, presented by Maxim Group LLC, on Tuesday, October 10th, & Wednesday, October 11th, 2023, at 8:30 a.m. E.T. Our company will be taking part in the Virtual Tech Conference Series: Exploring All Corners of the Tech Sector.

Siyata Mobile to Participate in the Virtual Tech Conference Series: Exploring All Corners of the Tech Sector, Presented by Maxim Group LLC on Tuesday, October 10th & Wednesday, October 11th at 8:30 A.M. E.T.

VANCOUVER, BC / ACCESSWIRE / October 4, 2023 / 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, announced that it has received an order from the U.S. federal government for its Hero Series UM50 FN cellular boosters, which are compatible with the FirstNet wireless network. Marc Seelenfreund, CEO of Siyata, said, "Our Hero Series cellular boosters increase the cellular signal for any cellular devices, regardless of whether the cellular devices are supplied by Siyata or another supplier.

Siyata Mobile Announces U.S. Government Order for Hero Series Cellular Boosters

VANCOUVER, BC / ACCESSWIRE / October 2, 2023 / Siyata Mobile Inc. (Nasdaq:SYTA)(Nasdaq:SYTAW) ("Siyata" or the "Company"), a global vendor of Push-to-Talk over Cellular (PoC) devices and cellular signal booster systems, today announced that Consort Digital PTE Ltd. ("Consort Digital"), a leading provider of mission critical communications solutions, will offer its MCX ONE Push-to-Talk application on Siyata's SD7 handset.

Siyata Mobile Teams With Consort Digital In India To Offer Leading Push-to-Talk Over Cellular Application On SD7 Handset

Existing Customer Expands Use of SD7 Handsets and VK7 Vehicle Kits VANCOUVER, BC / ACCESSWIRE / September 18, 2023 / 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, announced that it has received a follow-on order from an existing customer for additional units of its SD7 handsets and VK7 vehicle kits. A large North American waste management company placed an initial order for the Company's SD7 handsets and VK7 vehicle kits earlier this year.

Siyata Mobile Announces Follow-On Order from Large North American Waste Management Provider

Further Increases Penetration in Emergency Response Vertical VANCOUVER, BC / ACCESSWIRE / September 6, 2023 / 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, announced that it has received an order for its Siyata SD7 handsets and VK7 vehicle kits from a global provider of healthcare and emergency health and safety services. This healthcare provider is replacing its Land Mobile Radio (LMR) two-way radios with Siyata's handsets and accessories in part of its ambulance fleet that serves the state of California and the Pacific Northwest and Rocky Mountain regions.

Siyata Mobile Announces Order from Healthcare Customer for Siyata SD7 Handsets and VK7 Vehicle Kits

VANCOUVER, BC / ACCESSWIRE / August 30, 2023 / Siyata Mobile Inc. (NASDAQ:SYTA)(NASDAQ:SYTAW) ("Siyata" or the "Company"), a global vendor of Push-to-Talk over Cellular (PoC) devices and cellular signal booster systems, announced that management will presenting and hosting 1x1 meetings at the H.C. Wainwright 25th Annual Global Investment Conference.

Siyata Mobile to Present at H.C. Wainwright 25th Annual Global Investment Conference

VANCOUVER, BC / ACCESSWIRE / August 24, 2023 / 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 that it has received formal notice from The Nasdaq Stock Market LLC ("Nasdaq") stating that the Company has regained compliance with the minimum bid price requirement in Nasdaq Listing Rule 5550(a)(2) for continued listing on The Nasdaq Stock Market. The notice indicated that, as a result of the closing bid price of the Company's common share having been $1.00 per share or greater for at least ten consecutive business days, from August 9, 2023 through August 22, 2023, the Company has regained compliance with Nasdaq Listing Rule 5550(a)(2) and the matter has been closed.

Siyata Mobile Regains Compliance with Nasdaq Minimum Bid Price Requirement

Siyata Mobile Inc. (NASDAQ:SYTA ) Q2 2023 Earnings Conference Call August 15, 2023 9:00 AM ET Company Participants Glenn Kennedy - Investor Relations Marc Seelenfreund - Chief Executive Officer Conference Call Participants Jack Vander Aarde - Maxim Group Tom Kerr - Zacks Investment Research Operator Good morning, ladies and gentlemen and welcome to the Siyata Mobile Second Quarter 2023 Conference Call. [Operator Instructions] This call is being recorded on Thursday, August 15, 2023.

Siyata Mobile Inc. (SYTA) Q2 2023 Earnings Call Transcript

Revenue of $2.7 million, up 180% year-over-year and 50% sequentially Company to host conference call at 9 a.m. ET on Tuesday, August 15 VANCOUVER, BC / ACCESSWIRE / August 14, 2023 / 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 its financial results for the three months ended June 30, 2023.

Siyata Mobile Announces 180% Increase in Revenue for Second Quarter 2023

VANCOUVER, BC / ACCESSWIRE / August 10, 2023 / Siyata Mobile Inc. (NASDAQ:SYTA)(NASDAQ:SYTAW) ("Siyata" or the "Company"), a global vendor of Push-to-Talk over Cellular (PoC) devices and cellular signal booster systems, has appointed Gary Herman as a member of its Board of Directors (the "Board"), effective immediately. Herman replaces Michael Kron, whom the Company deeply thanks for his service and commitment.

Siyata Mobile Announces Appointment of Gary Herman to its Board of Directors

Tango Tango PTT Radio App is Trusted by More Than 500 Public Safety Agencies VANCOUVER, BC / ACCESSWIRE / August 7, 2023 / Siyata Mobile Inc. (Nasdaq:SYTA)(NASDAQ:SYTAW) ("Siyata" or the "Company"), a global vendor of Push-to-Talk over Cellular (PoC) devices and cellular signal booster systems, today announced that Tango Tango, a leading provider of critical Push-to-Talk (PTT) communications solutions and an existing reseller of Siyata products, will offer its public safety focused app on Siyata Mobile's SD7 Handset along with related SD7 accessories. Marc Seelenfreund, CEO of Siyata, stated, "We are excited to expand our relationship with Tango Tango and for them to market our industry leading SD7 Handset equipped with their proprietary PTT application.

Siyata Public Safety Reseller Expands Offering to Integrate Push-to-Talk (PTT) Over Cellular App with SD7 Handset

Q2 2023 results to be reported after the close on August 14th VANCOUVER, BC / ACCESSWIRE / August 1, 2023 / Siyata Mobile Inc. (NASDAQ:SYTA)(NASDAQ:SYTAW) ("Siyata" or the "Company"), a global vendor of Push-to-Talk over Cellular (PoC) devices and cellular signal booster systems, announced that it will host a conference call at 9 a.m. ET on Tuesday, August 15th to discuss its second quarter 2023 financial results.

Siyata Mobile to Host Second Quarter 2023 Financial Results Call on August 15th at 9 a.m. ET

Joins Siyata from AT&T's FirstNet VANCOUVER, BC / ACCESSWIRE / July 25, 2023 / 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 the appointment of industry veteran Doug Clark as Assistant Vice President, Sales and Marketing. Marc Seelenfreund, CEO of Siyata, stated, "Doug brings a wealth of business development and sales experience, specifically in the public safety and emergency management spaces to Siyata that will be extremely beneficial as we continue to grow and scale our business.

Siyata Mobile Names Public Safety Advocate and Business Development Executive Doug Clark as Assistant Vice President, Sales and Marketing

VANCOUVER, BC / ACCESSWIRE / July 20, 2023 / Siyata Mobile Inc. (NASDAQ:SYTA)(NASDAQ:SYTAW) ("Siyata" or the "Company"), a global vendor of Push-to-Talk over Cellular (PoC) devices and cellular signal booster systems, today announced management will be participating at APCO 2023, which is APCO International's Annual Conference & Expo being held August 6-9, 2023 at the Music City Center in Nashville, Tennessee. The Exhibit Hall will be open August 7-8.

Siyata Mobile Inc. Announces Participation at APCO 2023

Increases Market Penetration in Waste Management Vertical VANCOUVER, BC / ACCESSWIRE / July 18, 2023 / 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 has received new orders from two large North American waste management companies for its SD7 handsets and VK7 vehicle kits, and for its UV350 in-vehicle devices. The orders are expected to be delivered in the third quarter.

Siyata Mobile Announces Two New Orders With Large North American Waste Management Providers

VANCOUVER, BC / ACCESSWIRE / July 12, 2023 / Siyata Mobile Inc. (NASDAQ:SYTA)(NASDAQ:SYTAW) ("Siyata" or the "Company"), a global vendor of Push-to-Talk over Cellular (PoC) devices and cellular signal booster systems, today announced it will hold its 2023 Annual General Meeting (AGM) of its stockholders on Thursday, August 3, 2023 at 1p.m. Eastern Time.

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