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.

VANCOUVER, BC / ACCESSWIRE / July 11, 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 it has entered into a securities purchase agreement with certain institutional investors to purchase 51,450,000 common shares at a purchase price of $0.045 per share in a registered direct offering (the "Offering"). 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 $2.3 million.

Siyata Mobile Inc. Announces Pricing of Approximately $2.3 Million Registered Direct Offering

$1.4 Million Order to Deliver SD7 Handsets to Major U.S. Wireless Carrier VANCOUVER, BC / ACCESSWIRE / July 6, 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 secured its largest SD7 order ever in the Company's history from a single customer. The order is valued at approximately $1.4 million.

Siyata Mobile Secures Largest Single SD7 Order in Company History

VANCOUVER, BC / ACCESSWIRE / July 3, 2023 / Siyata Mobile Inc. (NASDAQ:SYTA)(NASDAQ:SYTAW) ("Siyata" or the "Company"), a global provider of innovative Push-to-Talk over Cellular and cellular signal booster solutions, today announced receipt of a Staff Delisting Determination dated June 30, 2023 (the "Staff Determination") from the Listing Qualifications Department of the Nasdaq Stock Market, LLC ("Nasdaq"). The Company was notified that Nasdaq has determined to delist the Company's common shares, no par value per share ("Common Shares"), from the Nasdaq Capital Market for failure to maintain, pursuant to Nasdaq Listing Rule 5810 (the "Low Price Stocks Rule"), a minimum bid price of $0.10 per share for a period of 10 consecutive trading days starting on June 15, 2023.

Siyata Announces Nasdaq Delisting Notice and Nasdaq Appeal

VANCOUVER, BC / ACCESSWIRE / June 27, 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 the pricing of a public offering of 50,000,000 common shares at a public offering price of $0.045 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 $2.25 million.

Siyata Mobile Announces Pricing of $2.25 Million Public Offering of Common Shares

SD7 Handsets and Accessories to Be Deployed for Use in Education, Construction and Logistics VANCOUVER, BC / ACCESSWIRE / June 22, 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 it has received new orders during the second quarter 2023 in addition to orders previously announced on June 5, 2023, for its SD7 Handsets and VK7 Vehicle Kits totaling approximately $600,000, in aggregate revenue, from customers of leading cellular carriers. These new orders are expected to be delivered in the second and third quarters of 2023.

Siyata Mobile Announces New Orders Totaling $600,000 Revenue

VANCOUVER, BC / ACCESSWIRE / June 21, 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 will host exhibitor's booth #105 at NASRO 2023, a National School Safety Conference, on June 28 - June 29, 2023 at the JW Marriott Hotel in Indianapolis, Indiana. NASRO 2023 marks the 33rd year that school leaders and school resource officers (SRO's) are gathering to network and learn about innovative solutions that can strengthen security in schools.

Siyata Mobile to Showcase Mission Critical PPT Solution with CrisisGo at National School Safety Conference June 28-29

VANCOUVER, BC / ACCESSWIRE / June 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 that Mobile Tornado Group Plc (AIM: MBT) ("Mobile Tornado"), a leading provider of critical communications solutions for Tier 1 Mobile operators, will offer its robust Push-to-Talk application on Siyata Mobile's SD7 Handset. Headquartered in the United Kingdom, Mobile Tornado offers a robust range of telecom solutions comprised of Industry leading Push-to-Talk over Cellular and Workforce Management, all geared towards improving the productivity and performance of its commercial customers.

Siyata Mobile Teams with Mobile Tornado to Offer Leading Push-to-Talk Over Cellular Application on SD7 Handset

VANCOUVER, BC / ACCESSWIRE / June 15, 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 will showcase its SD7 Handset and its VK7 Vehicle Kit at the Minnesota School Bus Operators Association's ("MSBOA") Annual Summer Conference June 19 - 21. The conference is being held at the Arrowwood Resort & Event Center in Alexandria, Minnesota.

Siyata Mobile to Showcase SD7 Handset and VK7 Vehicle Kit at Minnesota School Bus Operators Association's Annual Summer Conference June 19 - 21

Secures First Order from EMS Organization VANCOUVER, BC / ACCESSWIRE / June 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, today launched its latest product, the Siyata Mobile Command Center, an all-in-one, mobile communications solution with built-in redundancy primarily for providers of Emergency Management Services ("EMS") that need to set up a mobile telecommunications command center in the field. Marc Seelenfreund, CEO of Siyata, stated, "We are pleased to introduce the Siyata Mobile Command Center, our latest and most advanced solution for the emergency response market.

Siyata Mobile Launches New Mobile Command Center Unit

Enabling unlimited push-to-talk, two-way communication across North America for transportation fleet VANCOUVER, BC / ACCESSWIRE / June 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 that Minnesota Coaches, Inc., a privately-held motor coach and school bus transportation company, has taken delivery of its first Siyata SD7 Handsets and VK7 Vehicle Kits. The devices have been installed in a fleet of motorcoaches operating from seven different locations in the upper Midwest.

Siyata Mobile Improving Fleet Communications at Minnesota Coaches

Increases Market Penetration in Healthcare, Education and Construction Verticals VANCOUVER, BC / ACCESSWIRE / June 5, 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 it has received new orders for its SD7 Handsets and VK7 Vehicle Kits totaling more than $400,000 in aggregate. The orders are expected to be delivered in the second quarter.

Siyata Mobile Announces $400,000 in New Orders

Video Monitoring Service Enabled by New Product Creates Recurring Revenue Stream VANCOUVER, BC / ACCESSWIRE / June 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, today announced that it received an order for its UV350 In-Vehicle Devices and ‘Siyata Real Time View,' the Company's newest product, valued at over $1.2 million. The order is expected to begin shipping and recurring revenue to commence in the second quarter this year.

Siyata Mobile Receives $1.2 Million Order to Provide In-Vehicle Devices and Video Monitoring for EMS Organization

Presentation on Tuesday, June 6, 2023 at 3:30 p.m. PT Vancouver, British Columbia--(Newsfile Corp. - May 31, 2023) - Siyata Mobile Inc. ( NASDAQ: SYTA) (NASDAQ: SYTAW) ("Siyata" or the "Company"), a global provider of innovative Push-to-Talk over Cellular ("PoC") and cellular signal booster solutions, today announced today that it will be presenting at the 13th Annual LD Micro Invitational conference at the Luxe Sunset Boulevard Hotel, Los Angeles, California on June 6th-8th, 2023.

Siyata to Present at LD Micro Invitational XIII

Siyata Mobile Inc. (NASDAQ:SYTA ) Q1 2023 Earnings Call Transcript May 25, 2023 8:00 AM ET Company Participants Daniel Kim - Vice President of Corporate Development Marc Seelenfreund - Chief Executive Officer Glenn Kennedy - Vice President-International Sales Conference Call Participants Thomas Kerr - Zacks Investment Jack Vander Aarde - Maxim Group Operator Good morning, ladies and gentlemen, and welcome to the Siyata Mobile Q4 2022 and Q1 2023 Conference Call. At this time all lines are in a listen-only mode.

Siyata Mobile Inc. (SYTA) Q1 2023 Earnings Call Transcript

Revenue of $1.8 million, up 116% year-over-year Company to host conference call at 8 a.m. ET on Thursday, May 25 VANCOUVER, BC / ACCESSWIRE / May 24, 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 March 31, 2023.

Siyata Mobile Announces First Quarter 2023 Financial Results

Visit Booth F65 in the Exhibition Hall to Experience Siyata's Solutions VANCOUVER, BC / ACCESSWIRE / May 22, 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 today that Siyata will attend and exhibit at Critical Communications World 2023 ("CCW") May 23-25 at the Helsinki Expo and Convention Centre in Helsinki, Finland. Marc Seelenfreund, Founder and CEO of Siyata, commented, "We aim to become a premier, global provider of PTT solutions and are building out a robust ecosystem of distributors, partners and manufacturers to support this goal.

Siyata Mobile to Participate in Critical Communications World 2023 in Helsinki, Finland May 23 to 25

Signs Distribution Agreement with KPN VANCOUVER, BC / ACCESSWIRE / May 17, 2023 / Siyata Mobile Inc. (NASDAQ:SYTA) (NASDAQ:SYTAW) ("Siyata" or the "Company"), a global provider of innovative Push-to-Talk over Cellular ("PoC") and cellular signal booster solutions, today announced it has signed a distribution agreement for its next-generation MCPTT (mission critical push-to-talk) solution with KPN Royal Dutch Telecom ("KPN"), a leading telecommunications and IT provider in the Netherlands. The SD7 handsets and related accessories are now being offered by KPN with its KPN PTT service to medium and large government and enterprise clients.

Siyata Expands Global Distribution of Next-Generation Push-to-Talk Mobile Device in the Netherlands

Q4 Revenue of $2.1M million, up 9% year-over-year Q1 2023 results to be reported after the Nasdaq close on May 24 Company to host conference call at 8 a.m. ET on Thursday, May 25 VANCOUVER, BC / ACCESSWIRE / May 16, 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 and twelve months ended December 31, 2022.

Siyata Mobile Announces Fourth Quarter and Full-Year 2022 Financial Results

Q4 and Full Year 2022 results to be reported after the close on May 15 Q1 2023 results to be reported after the close on May 24 Plans to host conference call at 8 a.m. ET on May 25 VANCOUVER, BC / ACCESSWIRE / May 11, 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 will host a conference call at 8 a.m.

Siyata Mobile Announces Upcoming Earnings Release and Conference Call Schedule

VANCOUVER, BC / ACCESSWIRE / May 3, 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, has received a purchase order for over $900,000 to supply a U.S. public school district with its mission-critical PoC (MCPTT) SD7 handsets and accessories. Siyata CEO, Marc Seelenfreund, commented, "We are gaining momentum in the education market as this new order from a new end-customer represents our largest order to date in this important vertical.

Siyata Mobile Expands Footprint in Education Vertical with over $900,000 Order to Supply a U.S. School District with SD7 Handsets

VANCOUVER, BC / ACCESSWIRE / April 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, announced today that Glenn Kennedy, its VP of International Sales, will be attending The Inaugural EF Hutton Global Conference, which will be held on May 10-11, 2023, at the Plaza Hotel in Manhattan, the heart of New York City. The Inaugural EF Hutton Global Conference is a two-day, invitation-only event featuring key executives from approximately 150 public and private companies to convey their unique stories to an extensive audience that includes institutional investors, high-net worth individuals, corporate clients and exclusive members of the press.

Siyata Mobile to Participate in 1x1 Meetings at The Inaugural EF Hutton Global Conference

Two Way Direct offers SD7 nationally VANCOUVER, BC / ACCESSWIRE / April 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, announces Two Way Direct, Inc., a reseller of two-way radios and push-to-talk over cellular, is now a distributor of Siyata's mission-critical PoC (MCPTT) SD7 solution and its broad range of accessories. Siyata CEO, Marc Seelenfreund, commented, "Two Way Direct is a leader in professional radio communication solutions for business and government making it a strategic fit for distribution of our products and solutions.

Siyata Mobile Expands Reseller Network for SD7 with Addition of Leading US Distributor Serving the Two-Way Radio Market

Entropia to commence selling the SD7 solution to its broad base of enterprise customers VANCOUVER, BC / ACCESSWIRE / April 17, 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, announces Entropia Investments BV ("Entropia"), a leading provider of secure mobile mission-critical communications services to a wide range of end-users in the Netherlands, northern Belgium and the United Kingdom, is to commence selling Siyata's mission-critical PoC (MCPTT) SD7 solution in the second quarter 2023. Entropia has been a trusted provider of mission critical telecommunications and for over 30 years has supported emergency services, oil and gas corporations and transport sectors1.

Siyata Mobile Accelerates European Rollout of SD7 with Entropia

$600,000+ Order to Equip Teachers and Staff with SD7 Handset Enabling Direct Connectivity with First Responders Education Represents Largest Vertical Market Opportunity in U.S. VANCOUVER, BC / ACCESSWIRE / April 3, 2023 / Siyata Mobile Inc. ( Nasdaq:SYTA/SYTAW ) ("Siyata" or the "Company"), a global provider of innovative Push-to-Talk over Cellular ("PoC") and cellular signal booster solutions, today announced it has received its largest order for the SD7 Handset from a single customer in the education market. A school district located in the Southwest U.S. has placed an order at a gross purchase price of more than $600,000 for the Company's SD7 Handsets and related accessories.

Siyata Mobile Receives Order from U.S. School District, Largest to Date in Education Vertical

Wireless Paging Systems Market Opportunity Expected to Grow to $722 Million by 20271 VANCOUVER, BC / ACCESSWIRE / March 27, 2023 / Siyata Mobile Inc. ( NASDAQ:SYTA )(NASDAQ:SYTAW) ("Siyata" or the "Company"), a global provider of innovative Push-to-Talk over Cellular ("PoC") and cellular signal booster solutions, today announced it is collaborating with CrisisGo, Inc. ("CrisisGo"), provider of the CrisisGo Panic app, an incident management platform for first responders, to introduce next generation, cellular-based paging services for use by emergency response personnel. Together, CrisisGo's emergency communication system and the Siyata SD7 handset offer a smart, simple and safe paging replacement solution to equip first responders and healthcare system personnel with innovative solutions that enhance emergency response capabilities.

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