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.

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Proceeds to Repay and Terminate Existing Convertible Notes New Funding Convertible at US$10.00 Per Share VANCOUVER, BC / ACCESSWIRE / October 27, 2021 / 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 signed a funding agreement for gross proceeds of US$6,000,000 with Lind Global Partners II, LP, an investment fund managed by The Lind Partners, a New York based institutional fund manager (together "Lind"). Proceeds are expected within ten (10) days of the execution of the agreement, subject to customary closing conditions and will be used to repay and terminate existing convertible notes.

Siyata Mobile Enters into an Agreement for a US$6,000,000 Investment from The Lind Partners

The stock price of Siyata Mobile Inc. (NASDAQ: SYTA) fell by over 20% pre-market today. This is why it happened.

SYTA Stock: Why The Price Substantially Fell Today

The stock price of Siyata Mobile Inc (NASDAQ: SYTA) increased by over 6% this past week. This is why it happened.

SYTA Stock: Why The Price Increased This Past Week

VANCOUVER, BC / ACCESSWIRE / October 14, 2021 / Siyata Mobile Inc. (NASDAQ:SYTA, SYTAW) ("Siyata" or the "Company"), a global vendor of Push-to-Talk over Cellular (PoC) devices and cellular booster systems, announces its financial results for the three months ended June 30, 2021. All amounts are in U.S. dollars unless otherwise indicated.

Siyata Mobile Announces Second Quarter 2021 Financial Results

VANCOUVER, BC / ACCESSWIRE / October 13, 2021 / 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, announces it has received approval from Telstra, Australia's leading cellular carrier, for the Company's flagship UV350 device. The UV350 is the world's first 4G/LTE, all-in-one vehicle fleet communication device that delivers cellular voice calls, Push-to-Talk over Cellular (PoC), and data applications and was designed to optimize mobile communications while driving.

Siyata Mobile Receives Approval for Flagship UV350 In-Vehicle Device with Telstra in Australia

VANCOUVER, BC / ACCESSWIRE / October 12, 2021 / Siyata Mobile Inc. (NASDAQ:SYTA)(NASDAQ:SYTAW)(TSXV:SIM) ("Siyata" or the "Company"), a global vendor of Push-to-Talk over Cellular (PoC) devices and cellular signal booster systems, announces that it will report second quarter 2021 financial results for the three months ended June 30, 2021 on Thursday, October 14, 2021, after the market close. Siyata management will also host a conference call at 8:30 a.m.

Siyata Mobile to Report Second Quarter 2021 Financial Results on Thursday, October 14, 2021 and Host Earnings Call on Friday, October 15, 2021

New mobile partnership to streamline deployment, management, and security of large fleets of SD7 handsets through Android-based software MONTREAL, QC / ACCESSWIRE / September 21, 2021 / 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 a new partnership with Esper, the leader in DevOps ("Development Operations") for devices, that combines Siyata's rugged Mission Critical Push-to-Talk (MCPTT) SD7 handsets with Esper's full-stack solution of Android Enterprise Mobility Management (EMM) software. Under the terms of the partnership, Siyata Mobile will embed Esper's software into SD7 handsets running a custom version of the Android operating system.

Siyata Mobile and Esper Announce Strategic Partnership to Scale Deployment of Mission Critical Push-to-Talk Communication Devices

VANCOUVER, BC / ACCESSWIRE / September 14, 2021 / 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 that it will showcase its full suite of communication products at the International Wireless Communication Expo (IWCE) being held at The Las Vegas Convention Center from September 27 - 30, 2021 in booth number 155. "The IWCE is the premier annual event for the critical communications industry, and we are looking forward to participating in this ‘in-person' conference," said Marc Seelenfreund, CEO of Siyata.

Siyata Mobile to Showcase Entire Product Line at IWCE Conference

Purchase order for UR7 rugged smartphones and CP250 all-in-one tablet-style communication devices to be used by taxis and transit service providers VANCOUVER, BC / ACCESSWIRE / September 8, 2021 / 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, announces it has received a $400,000 purchase order from a large-scale distributor in the Middle East. The purchase order is for the Company's UR7 rugged smartphone and CP250 all-in-one tablet-style fleet communications devices.

Siyata Mobile Receives Purchase Order from Distributor in Middle East

VANCOUVER, BC / ACCESSWIRE / August 26, 2021 / 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, announces that it has signed a reseller agreement with Silk Worldwide Inc. ("Silk"), parent company to SignalBoosters.com, to distribute its line of Uniden® cellular signal boosters. Silk, a leading online distributor and turn-key integrator of cellular boosters in North America, will resell the Company's booster products on its SignalBosters.com site and on the Amazon and Walmart marketplaces.

SignalBoosters.com to Distribute Siyata Mobile's Line of Uniden Cellular Signal Boosters

VANCOUVER, BC / ACCESSWIRE / August 24, 2021 / Siyata Mobile Inc. (NASDAQ:SYTA)(NASDAQ:SYTAW) ("Siyata" or the "Company"), a global vendor of Push-to-Talk over Cellular (PoC) devices and cellular booster systems, today announces that it has received a $530,000 purchase order for a multinational defense contractor to supply its mobile Push-To-Talk (PTT) rugged handsets as well as its UV350 commercial vehicle devices. This contractor will now be offering Siyata devices to its customers as part of their overall PTT offering.

Siyata Mobile Receives Purchase Order for Multinational Defense Contractor

Global introduction of SD7 device expected in 2H21 to address mission critical communication needs VANCOUVER, BC / ACCESSWIRE / August 5, 2021 / Siyata Mobile Inc. (NASDAQ:SYTA)(NASDAQ:SYTAW) ("Siyata" or the "Company"), a global vendor of Push-to-Talk over Cellular (PoC) devices and cellular booster systems, announces that it will unveil its first handset into North America, a new MCPTT (Mission Critical Push-To-Talk) device, the SD7, and associated accessories at the APCO (Association of Public-Safety Communications Officials) International Conference held on August 15 - 18 in San Antonio, TX. APCO International is the world's oldest and largest organization of public safety communications professionals, supports the largest U.S. membership base of any public safety association, and serves the needs of public safety communications practitioners worldwide.

Siyata Mobile to Unveil New Mission Critical Push-To-Talk Device at APCO International Conference Held on August 15 - 18

VANCOUVER, British Columbia, July 02, 2021 (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 booster systems, announced its financial results for the twelve months ended December 31, 2020 and for the three months ended March 31, 2021. All amounts are in U.S. dollars unless otherwise indicated.

Siyata Mobile Announces Year-End 2020 and First Quarter 2021 Financial Results (**UPDATED TO REFLECT RECONCILIATION OF ADJUSTED EBITDA**)

VANCOUVER, British Columbia, June 30, 2021 (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 booster systems, today announces it has received purchase orders from various First Responder and Enterprise customers that together total USD $1.6 million. These purchase orders are for multiple Siyata devices, including the Uniden® UV350, the Company's flagship device, the Uniden® UV350 Desktop Dispatch Unit (DDU), and the Uniden® UR5 and UR7, the Company's rugged Push-To-Talk handsets.

Siyata Mobile Receives USD $1.6 Million in First Responder Purchase Orders

VANCOUVER, British Columbia, June 30, 2021 (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 booster systems, announced its financial results for the three and twelve months ended December 31, 2020 and for the three months ended March 31, 2021. All amounts are in US dollars unless otherwise indicated.

Siyata Mobile Announces Fourth Quarter and Year-End 2020 and First Quarter 2021 Financial Results and Conference Call

VANCOUVER, British Columbia, May 19, 2021 (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 booster systems, announces today that, on May 18, 2021, it received a notice (the “Notice”) from the Nasdaq Stock Market LLC (“Nasdaq”) indicating that, as a result of not having timely filed its Annual Report on Form 20-F (the “Form 20-F”) for the fiscal year ended December 31, 2020, the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1), which requires timely filing of all required periodic financial reports with the Securities and Exchange Commission.

Siyata Mobile Receives Nasdaq Notice Relating to its Delayed Annual Report on Form 20-F Filing

VANCOUVER, British Columbia, May 17, 2021 (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 booster systems, announces that it has delayed the release of Q4 2020 and Q1 2021 financial results that were scheduled to be released on Monday, May 17, 2021 after the market close. It has also delayed the associated earnings call originally scheduled for Tuesday, May 18, 2021 at 8:30 a.m. ET / 5:30 a.m. PT.

Siyata Mobile Delays Release of Q4 2020 and Q1 2021 Financial Results

Siyata to also attend Benzinga Global Small Cap Conference on Friday, May 14 and the Q2 Virtual Investor Summit on Monday, May 17 Siyata to also attend Benzinga Global Small Cap Conference on Friday, May 14 and the Q2 Virtual Investor Summit on Monday, May 17

Siyata Mobile to Report Q4 2020 and Q1 2021 Financial Results on Monday, May 17, 2021 and Host Earnings Conference Call

VANCOUVER, British Columbia, April 19, 2021 (GLOBE NEWSWIRE) -- Siyata Mobile Inc. (Nasdaq: SYTA, SYTAW) (“Siyata” or the “Company”) wishes to clarify information related to the cease trade order (“CTO”) issued by the British Columbia Securities Commission (“BCSC”) on April 8, 2021, due to a financial reporting discrepancy on filing deadlines (Citation: “2021 BCSECCOM 140”, link here ).

Siyata Mobile Issues Clarification Statement

VANCOUVER, British Columbia, March 31, 2021 (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 booster systems, is pleased to announce it has closed its previously announced acquisition, through a wholly-owned subsidiary, of all the issued and outstanding shares of ClearRF, LLC (ClearRF), for a total purchase price of US$700,000 with a combination of cash and shares.

Siyata Mobile Announces Closing of Acquisition of ClearRF, LLC

Acquisition immediately synergistic to Siyata's growing North American cellular booster business with additional expansion to U.S. manufacturing, providing potential critical access to U.S. military and defense contracts Acquisition immediately synergistic to Siyata's growing North American cellular booster business with additional expansion to U.S. manufacturing, providing potential critical access to U.S. military and defense contracts

Siyata Mobile Announces Strategic Acquisition of ClearRF, LLC

First Responders and government agencies in North America and international markets to be offered an innovative and fully ruggedized MCPTT device First Responders and government agencies in North America and international markets to be offered an innovative and fully ruggedized MCPTT device

Siyata Mobile Developing New Breed of First Responder Mission Critical Push to Talk Handsets Built with Softil's MCX Enabling Technology

VANCOUVER, British Columbia, Feb. 09, 2021 (GLOBE NEWSWIRE) -- Siyata Mobile Inc. ( Nasdaq: SYTA, SYTAW ) (“Siyata” or the “Company”), a leading global developer and provider of cellular communications solutions for enterprise customers, today announces the appointment of Peter Goldstein, currently a Siyata Board member, as the Chairman of its Board of Directors. In addition, Luisa Ingargiola, who has extensive experience on public company boards and in the capital markets, has been appointed to the Board of Directors effective as of the shareholders meeting on February 23, 2021.

Siyata Mobile Appoints Peter Goldstein as Chairman and Adds Seasoned Public Company Executive Luisa Ingargiola to Board of Directors

VANCOUVER, British Columbia, Feb. 01, 2021 (GLOBE NEWSWIRE) -- Siyata Mobile Inc. ( Nasdaq: SYTA, SYTAW ) (“Siyata” or the “Company”), a leading global developer and provider of cellular communications solutions for enterprise customers, is pleased to announce it has received a US$1.4M purchase order to supply first responders with rugged handset devices. The order will be fulfilled in the beginning of Q1 this year and continue throughout 2021. Siyata's rugged handsets are designed to be “rugged and ready” for enterprise users who require a reliable Push-to-Talk over Cellular device in demanding environments.

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