Company Overview - Siyata Mobile Inc is a B2B global developer and vendor of next-generation Push-To-Talk over Cellular (PoC) handsets and accessories, targeting first responders and enterprise workers [1] - The company's rugged PTT handsets and accessories enable instant communication over nationwide cellular networks, enhancing situational awareness and safety [1] - Siyata's products are utilized by various organizations including police, fire, ambulance services, schools, utilities, security companies, hospitals, waste management companies, and resorts [1] Product Portfolio and Distribution - Siyata offers enterprise-grade In-Vehicle solutions and Cellular Booster systems to support effective communication in vehicles and areas with weak cellular signals [4] - The company sells its portfolio through leading North American cellular carriers, as well as international cellular carriers and distributors [4] Strategic Collaboration - Siyata was cited in a press release by JVCKenwood, highlighting a collaboration that leverages JVCKenwood's extensive distribution network and brand recognition [3] - The collaboration aims to increase the reach of Siyata's devices in the US and Canada, broadening opportunities for device placements [3] - Kenwood Push-to-Talk over Cellular (PoC) Handsets will be showcased at major industry events including the NRF 2025 Expo and the World of Concrete Conference 2025 [3] Market Presence and Recognition - Siyata's common shares trade on the Nasdaq under the symbol "SYTA", and its warrants under the symbol "SYTAW" [2] - JVCKENWOOD Corp, a key collaborator, manufactures KENWOOD and Viking analog and digital two-way radios, providing turnkey system solutions for various markets including public safety, government, and healthcare [5]

Press Conference Delayed to Pursue Key DealVANCOUVER, BC, Jan. 8, 2025 /PRNewswire/ -- Siyata Mobile Inc. (Nasdaq: SYTA) ("Siyata" or the "Company"), a global developer and vendor of Push-to-Talk over Cellular (PoC) handsets and accessories, announces that it has postponed its upcoming press conference, originally set for January 9, 2025, to focus on advancing an immediate business opportunity. The press conference will be rescheduled to later this month, with the new date to be announced shortly."At Siyata ...

24/7 Market News Publishes Editorial Featuring Siyata Mobile's Upcoming Press Event to Unveil Pivotal Corporate MilestoneDecember 19, 2024 10:04 AM EST | Source: 24/7 Market NewsDenver, Colorado--(Newsfile Corp. - December 19, 2024) - 247marketnews.com, a pioneer in digital media dedicated to the swift distribution of financial market news and information, today publishes an editorial discussing the significance of Siyata Mobile's (NASDAQ: SYTA) exclusive online press conference, on January 9, ...

VANCOUVER, BC, Dec. 17, 2024 /PRNewswire/ -- Siyata Mobile Inc. (Nasdaq: SYTA) ("Siyata" or the "Company"), a global developer and vendor of Push-to-Talk over Cellular (PoC) handsets and accessories, proudly announces its first major order in The Netherlands for a prominent national Dutch transportation company, marking a significant milestone in its international expansion. The order, comprising 550 units of its SD7 handsets, will be delivered by Siyata in the fourth quarter of 2024. This landmark order de ...

247 Market News Publishes Editorial Featuring Siyata Mobile's Upcoming Press EventDecember 13, 2024 10:00 AM EST | Source: 24/7 Market NewsDenver, Colorado--(Newsfile Corp. - December 13, 2024) - 247marketnews.com, a pioneer in digital media dedicated to the swift distribution of financial market news and information, today publishes an editorial discussing Siyata Mobile's (NASDAQ: SYTA) announcement that it plans to relocate its current 4G and next generation 5G PTT handset manufacturing oper ...

VANCOUVER, BC, Dec. 12, 2024 /PRNewswire/ -- Siyata Mobile Inc. (Nasdaq: SYTA) ("Siyata" or the "Company"), a global developer and vendor of Push-to-Talk over Cellular (PoC) handsets and accessories, is pleased to announce that the Company will host an upcoming press event that will showcase a new significant material development, which is tentatively scheduled for late December, 2024.Marc Seelenfreund, Siyata's Chief Executive Officer, and others will be the featured presenters, and the Company will provid ...

VANCOUVER, BC, Dec. 11, 2024 /PRNewswire/ -- Siyata Mobile Inc. (Nasdaq: SYTA) ("Siyata" or the "Company"), a global developer and vendor of Push-to-Talk over Cellular (PoC) handsets and accessories, today announced it will be relocating its current 4G and next generation 5G PTT handset manufacturing operations from China to the United States in 2025.Marc Seelenfreund, CEO of Siyata, said, "We began working on a manufacturing relocation plan earlier this year and are proud to announce today that we expect t ...

Deployment to begin in fourth quarter of 2024VANCOUVER, BC, Nov. 26, 2024 /PRNewswire/ -- 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 the School District of Palm Beach County, in Florida, a current Siyata customer, and one of the ten largest school districts in the United States, is upgrading its existing Siyata communications solution to Siyata's latest generatio ...

24/7 Market News Publishes Editorial on Quarterly Financial Reports to WatchNovember 15, 2024 9:41 AM EST | Source: 24/7 Market NewsDenver, Colorado--(Newsfile Corp. - November 15, 2024) - 247marketnews.com, a pioneer in digital media dedicated to the swift distribution of financial market news and information, today publishes an editorial discussing this week's quarterly financial reports, featuring Siyata Mobile (NASDAQ: SYTA), which reported a record quarterly revenue, which was a 218% year ...

Financial Data and Key Metrics Changes - In Q3 2024, revenue was $5.9 million, a 218% increase or $4 million compared to $1.8 million in Q3 2023, and a 210% increase or $4 million compared to $1.9 million in Q2 2024 [8] - Gross margin percentage for Q3 2024 was 29%, up from 26.6% in Q3 2023, with gross margin dollars increasing from $500,000 to $1.7 million, a positive variance of $1.2 million [11] - Adjusted EBITDA for Q3 2024 was negative $3.3 million, compared to negative $1.6 million in Q3 2023, reflecting a $1.8 million negative variance [12] - Working capital as of September 30, 2024, was $200,000, down from $1.3 million as of December 31, 2023, a decrease of $1.1 million [13] Business Line Data and Key Metrics Changes - Revenue from the U.S. market was $4.8 million, representing 81% of total revenue, compared to $1.3 million or 69% of total revenue for Q3 2023, marking the strongest revenue quarter in the company's history [9] Company Strategy and Development Direction - The company plans to launch a 5G product portfolio in 2025, aiming to become the leading PTT handset provider globally, with T-Mobile as the first carrier to launch part of this portfolio [10] - The company continues to see rapid adoption of its disruptive solutions, with a focus on the displacement of land mobile radio by push-to-talk over cellular, which is expected to drive meaningful growth [15] Management Comments on Operating Environment and Future Outlook - Management expressed optimism about strong organic growth and revenue growth in the coming quarters, with a focus on fulfilling increased demand for the SD7 handset and accessories [8][9] - The company stands by its goal of achieving profitability in the upcoming quarters [15] Other Important Information - SG&A expenses increased to $4.7 million in Q3 2024 from $2.7 million in Q3 2023, primarily due to marketing expenses related to investor awareness [11] - For the nine months ended September 30, 2024, total revenue was $10.1 million, compared to $6.3 million in the same period of 2023, a positive variance of $3.8 million [14] Q&A Session Summary - No specific questions or answers were provided in the transcript, indicating that the Q&A session may not have been included in the provided content [17]