Financial Data and Key Metrics Changes - For Q4 2023, total revenue was $1.9 million, a decrease from $2.1 million in Q4 2022, primarily due to increased sales of the SD7 handset and accessories, offset by decreased booster sales [44] - For the full year 2023, total revenue was $8.2 million, up from $6.5 million in 2022, representing a 27% increase [47] - Gross margin dollars increased to $2.7 million in 2023 from $1.4 million in 2022, a 91% increase, with gross margin percentage rising to 32.3% from 21.4% [28] - Adjusted EBITDA for Q4 2023 was negative $2.3 million, an improvement from negative $5 million in Q4 2022 [46] Business Line Data and Key Metrics Changes - Rugged device sales in 2023 reached $6 million, compared to $3.9 million in 2022, an increase of approximately $2.1 million due to higher sales of the SD7 handset and accessories [45] - The company is experiencing increasing demand for its in-vehicle devices, with a notable order of 1,000 units of the UV350 for an international EMS customer [34] Market Data and Key Metrics Changes - Revenue from the U.S. accounted for 67% of total revenue in 2023, up from 59% in 2022 [45] - The company is expanding its distribution internationally, with sales in Canada, Europe, Australia, and the Middle East [24] Company Strategy and Development Direction - The company aims to grow its revenue aggressively in 2024 and reach breakeven status in the coming quarters [31] - Siyata is focusing on transitioning customers from legacy LMR devices to its PTT handsets and accessories across various vertical industries [37] - The company is building a recurring revenue channel by partnering with application providers to share subscription revenue [41] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about strong sales growth momentum continuing throughout 2024, supported by an expanding sales pipeline [21] - The company is encouraged by the growing number of customers adopting its critical communication devices across multiple verticals and geographic markets [37] Other Important Information - The company has launched its SD7 handset with the four largest U.S. carriers, including AT&T, Verizon, T-Mobile, and UScellular [48] - Siyata is developing a robust 5G rugged handset portfolio based on customer feedback, with announcements expected in the coming months [30] Q&A Session Summary Question: Can you expand on the recurring revenue channel? - Management indicated that the recurring revenue channel is currently small but growing, with examples of partnerships like CrisisGo, which integrates software with their hardware [13][15] Question: In which vertical markets is the company seeing the most success? - Management highlighted that the education sector, particularly K-12 schools, is a significant vertical, with over 20 school districts already engaged [4][6]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of ev ...

Exhibit 99.1 N E W S R E L E A S E Siyata Mobile Announces Fourth Quarter and Full-Year 2023 Financial Results Vancouver, BC – April 8, 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 its financial results for the three and 12 months ended December 31, 2023. Marc Seelenfreund, CEO of Siyata, said, "2023 was a year of strong growth and expansion for Siyata Mobile. Revenue i ...

As at and for the years ended December 31, 2023 and 2022 and for the years ended December 31, 2023, 2022 and 2021 Prepared on April 3, 2024 CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This Annual Report contains "forward-looking statements," which includes information relating to future events, future financial performance, financial projections, strategies, expectations, competitive environment and regulation. Words such as "may," "should," "could," "would," "predicts," "potential," "continue," "e ...

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. Following the presentation we will condu ...

Exhibit 99.2 Management Discussion and Analysis (Expressed in U.S. Dollars) As at and for the three and nine month period ended September 30, 2023 and September 30, 2022 Prepared on November 15, 2023 CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This MD&A contains "forward-looking statements," which includes information relating to future events, future financial performance, financial projections, strategies, expectations, competitive environment and regulation. Words such as "may," "should," "could ...

As filed with the Securities and Exchange Commission on October 20, 2023 Registration No. 333-274927 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 AMENDMENT NO.1 FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 SIYATA MOBILE INC. (Exact name of registrant as specified in its charter) British Columbia (Canada) 4812 Not Applicable (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Id ...

As filed with the Securities and Exchange Commission on October 20, 2023 Registration No. 333-274927 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 AMENDMENT NO.1 FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 SIYATA MOBILE INC. (Exact name of registrant as specified in its charter) British Columbia (Canada) 4812 Not Applicable (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Id ...

As filed with the Securities and Exchange Commission on October 10, 2023 Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 7404 King George Blvd., Suite 200, King's Cross Surrey, British Columbia V3W 1N6, Canada 514-500-1181 (Address, including zip code, and telephone number, including area code, of registrant's principal executive offices) Cogency Global Inc. 122 East 42nd Street, 18th Floor New Yor ...

As filed with the Securities and Exchange Commission on June 14, 2023 Registration No. 333-272512 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Amendment No. 1 To FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 SIYATA MOBILE INC. (Exact name of registrant as specified in its charter) British Columbia (Canada) 4812 Not Applicable (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) (I.R.S. Employer I ...