Siyata Mobile Inc.

Earnings data Q1 2021

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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.

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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.

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.

Siyata Mobile Collaborates with CrisisGo to Introduce Cellular-Based Paging Services

VANCOUVER, BC / ACCESSWIRE / March 22, 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 the hiring of Zoila Hernandez as Director of Sales. Ms. Hernandez brings more than two decades of senior sales experience to her role at Siyata.

Siyata Mobile Welcomes Industry Veteran Zoila Hernandez as Director of Sales

Australia's Largest Wireless Carrier Expected to Commence Sales of the SD7 in Q2 2023 VANCOUVER, BC / ACCESSWIRE / March 20, 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 the successful certification and approval of its mission-critical PoC (MCPTT) SD7 solution by Telstra, Australia's largest wireless carrier. Telstra is anticipated to begin sales of the SD7 in the second quarter of 2023 to its enterprise and government customers.

Siyata Announces Certification and Approval of Next Generation SD7 Solution by Telstra

Visit Booth #2125 in the Exhibit Hall March 29-30 VANCOUVER, BC / ACCESSWIRE / March 13, 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 that the company will host an exhibitor's booth at the International Wireless Communications Expo ("IWCE") 2023 in partnership with Verizon Frontline, Verizon's public safety network. Siyata Mobile will be showcasing its new SD7 Mission Critical Push-To-Talk (MCPTT) solution, the SD7+ with built in Body Camera, and accessories in booth 2125.

Siyata to Showcase its new SD7+ Mission Critical PTT Solution with built in body camera, along with CrisisGo Safety Communication System, at IWCE 2023 alongside Verizon Frontline

Equipping Security Personnel and Volunteers with turnkey PTT communication solution VANCOUVER, BC / ACCESSWIRE / March 6, 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 the successful deployment of its mission critical push-to-talk (MCPTT) solution for security and other communications at the 2023 Special Olympics New York Winter Games. "For the second year in a row, our devices were donated to and used at the Special Olympics Winter Games in Syracuse, New York to equip certain security personnel and event volunteers with the communications tools they need to help keep athletes, coaches, volunteers and spectators safe," said Marc Seelenfreund, Siyata CEO.

Siyata Provides Mission Critical Broadband Push-to-Talk (PTT) Communication Services for 2023 Special Olympics

Designed to enhance signal strength and improve reception VANCOUVER, BC / ACCESSWIRE / February 27, 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 the launch of the Siyata T600 Cellular Booster for T-Mobile 5G enterprise customers. The T600 Cellular Booster is designed to enhance signal strength and improve reception for T-Mobile 5G enterprise customers.

Siyata Launches T600 Cellular Booster for T-Mobile 5G Enterprise Customers

Providing Mission Critical Devices for Large Independent Emergency Medical Service Provider VANCOUVER, BC / ACCESSWIRE / February 21, 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 received an order for $750,000 for its next-generation MCPTT (mission critical push-to-talk) solution to equip an independent emergency management service ("EMS") provider. The order includes the Company's SD7 devices and related accessories.

Siyata Receives $750,000 Order for Its Next Generation Push-to-Talk Over Cellular Solution (PoC)

Enters Hospitality Industry with Order that Will Support a Multi-Billion-Dollar Integrated Resort and Residential Property Development VANCOUVER, BC / ACCESSWIRE / January 23, 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 an order for its next-generation MCPTT (mission critical push-to-talk) solution, which includes its SD7 device and related accessories, from a multi-billion-dollar, integrated resort and residential property development located in The Bahamas. "This order completes the process of converting a significant resort and residential property to our MCPTT solution and marks our first win in the hospitality vertical," said Marc Seelenfreund, Siyata CEO.

Siyata Expands Reach of Their Next Generation Push-to-Talk Over Cellular Solution (PoC) to a New Vertical Market

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New orders from existing customer totaling approximately $400,000 with total cumulative orders exceeding $1.7 million VANCOUVER, BC / ACCESSWIRE / January 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 it has received follow-on orders from an existing customer, a leading Saudi Arabian cellular carrier, for its Uniden® UV350, a 4G/LTE all-in-one in-vehicle communication device. "These orders, which total approximately $400,000, will be used to equip an expanding fleet of emergency response vehicles with our high-performing UV350 devices," said Marc Seelenfreund, Siyata CEO.

Siyata's Receives Follow-On Orders for its UV350 Device from Leading Saudi Arabian Cellular Carrier

T-Mobile is the second-largest wireless carrier in the U.S. with more than 111.7 million customers1 SD7 now approved on all major U.S. wireless carriers including AT&T Inc., Verizon Communications Inc. and United States Cellular Corporation (UScellular™) Siyata believes that industry-changing Push-to-Talk Over Cellular device offers a far superior solution to competitive Land-Based Radio (LMR) technologies 2 SD7 targets the multi-billion-dollar first responder and enterprise markets VANCOUVER, BC / ACCESSWIRE / January 9, 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, is pleased to announce that T-Mobile US, Inc. ("T-Mobile"), the second largest wireless carrier in the U.S. with more than 111.7 million customers1, will launch Siyata's rugged SD7 device onto its Internet of Things (IoT) data network. T-Mobile is expected to begin selling the SD7 to its broad enterprise customer base beginning in the Company's first quarter of 2023.

Siyata's Next Generation Push-to-Talk Over Cellular SD7 Device to be Launched Across T-Mobile IoT Data Network

The premier two-way radio supplier in the UK and Ireland, RadioTrader, services customers in agriculture, aviation, education, retail, hospitality, oil and gas, marine, and recreation and sport sectors VANCOUVER, BC / ACCESSWIRE / December 6, 2022 / 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 added RadioTrader, the UK and Ireland's premier two-way radio supplier, to distribute the SD7 ruggedized, mission critical PoC device and VK7 vehicle kit accessary. The SD7 was developed to disrupt and replace the multi-billion-dollar Land Mobile Radio (LMR) industry.

Siyata Mobile Adds UK and Ireland Distributor RadioTrader for SD7 Devices and VK7 Accessories

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Bell Mobility, a division of Bell Canada, to commence selling the SD7 and related accessories to its broad base of enterprise and first responder customers VANCOUVER, BC / ACCESSWIRE / November 16, 2022 / 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, is pleased to announce that Bell Mobility Inc., a leading wireless operator in Canada with more than 10 million subscribers and a division of Bell Canada, will launch Siyata's rugged SD7 device onto their network in the fourth quarter 2022. The SD7 was developed to disrupt and replace the multi-billion-dollar Land Mobile Radio (LMR) industry.

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