Workflow
Siyata Mobile(SYTA)
icon
Search documents
Siyata Mobile to Present at The Spartan Capital Investor Conference
Prnewswire· 2024-11-01 15:19
Presentation at 12 pm ET on November 4 Will Attend 1x1 MeetingsVANCOUVER, BC, Nov. 1, 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, today announced that it will be participating in The Spartan Capital Investor Conference on November 4, 2024, at The Pierre Hotel in New York City.  The Spartan Capital Investor Conference is a premier event that brings together public c ...
MicroCap Reports Discusses Siyata Mobile, Inc. ELOC Filing Siyata Mobile's $7 Million Equity Line of Credit Agreement, Ensures Sustainable Growth
Newsfile· 2024-10-31 15:21
MicroCap Reports Discusses Siyata Mobile, Inc. ELOC Filing Siyata Mobile's $7 Million Equity Line of Credit Agreement, Ensures Sustainable GrowthOctober 31, 2024 11:21 AM EDT | Source: MicroCap Advisory, LLCSt. Petersburg, Florida--(Newsfile Corp. - October 31, 2024) - MicroCap Reports discusses Siyata Mobile, Inc. ELOC filing  (Nasdaq: SYTA) (Nasdaq: SYTAW).Siyata Mobile Inc. (Nasdaq: SYTA) (Nasdaq: SYTAW) has announced a $7 million equity line of credit (ELOC) with Hudson Global Ventures, LL ...
Siyata Mobile to Present at The ThinkEquity Conference
Prism Media Wire· 2024-10-23 11:00
Siyata Mobile to Present at The ThinkEquity Conference Presentation on October 30 at 4 p.m. ET, and Attend 1×1 MeetingsVancouver, BC, October 23, 2024 – PRISM MediaWire – 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 be participating in The ThinkEquity Conference on October 30, 2024, at the Mandarin Oriental Hotel in New York.  The ThinkEquity Conference gat ...
Crude Oil Up 2%; Siyata Mobile Shares Jump
Benzinga· 2024-10-21 18:50
U.S. stocks traded lower toward the end of trading, with the S&P 500 falling around 0.4% on Monday.The Dow traded down 0.87% to 42,901.38 while the NASDAQ slipped 0.03% to 18,484.12. The S&P 500 also fell, dropping, 0.36% to 5,843.72.Check This Out: Top 4 Consumer Stocks That May Dip This QuarterLeading and Lagging SectorsInformation technology shares jumped by 0.4% on Monday.In trading on Monday, real estate shares fell by 1.9%.Top HeadlineSpirit Airlines, Inc. SAVE announced that on October 11, it modifie ...
Siyata Mobile to Showcase PTT Solutions at EMS World Expo September 9 - 13
Prnewswire· 2024-09-09 11:00
Visit Booth 3017 in the West Hall of the Las Vegas Convention Center to Experience Siyata's Critical Communications Solutions VANCOUVER, BC, Sept. 9, 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 it will attend and exhibit at EMS World Expo. The Expo is being held September 9-13, 2024 at the Las Vegas Convention Center in Las Vegas. The Siyata M ...
Siyata Mobile Appoints Campbell Becher to Board of Directors
Prnewswire· 2024-09-03 11:00
VANCOUVER, BC, Sept. 3, 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 announces the appointment of Mr. Campbell Becher to the Siyata board of directors (the "Board") effective September 1, 2024. Following the appointment, the Board is comprised of 4 directors, 3 of whom are independent. Mr. Becher fills the board seat vacated by Stephen Ospalak who resigned earlier. Marc Se ...
Spartan Capital Securities Announces Successful Closing of Siyata Mobile Inc.'s $4.0 Million Public Offering of Common Shares and Pre-Funded Warrants
GlobeNewswire News Room· 2024-08-19 15:00
NEW YORK, NY, Aug. 19, 2024 (GLOBE NEWSWIRE) -- Spartan Capital Securities LLC, a premier investment banking firm, is thrilled to announce the successful closing of Siyata Mobile Inc.'s public offering. The offering comprised common shares and pre-funded warrants, priced at $1.70 per share (or $1.69 per prefunded warrant), totaling approximately $4.0 million. Siyata Mobile Inc. ("Siyata" or the "Company") is a global developer and vendor of Push-to-Talk over Cellular (PoC) handsets and accessories. The shar ...
Siyata Mobile(SYTA) - 2024 Q2 - Earnings Call Transcript
2024-08-16 14:02
Siyata Mobile Inc. (NASDAQ:SYTA) Q2 2024 Earnings Conference Call August 16, 2024 8:30 AM ET Company Participants Glenn Kennedy - Vice President of International Sales Marc Seelenfreund - Chief Executive Officer Operator Good morning, ladies and gentlemen, and welcome to the Siyata Mobile Q2 2024 Conference Call. At this time, all lines are in a listen-only mode. This call is being recorded on Friday, August 16, 2024. I would now like to turn the conference over to Glenn Kennedy, Vice President of Internati ...
Siyata Mobile(SYTA) - 2024 Q2 - Quarterly Report
2024-08-16 00:39
Financial Condition and Profitability - As of June 30, 2024, the company had an accumulated deficit of $105,071,597, indicating a history of operating losses and uncertainty about achieving profitability[30]. - The independent registered public accountants expressed substantial doubt about the company's ability to continue as a going concern for the next twelve months[31]. - The company may require additional capital to fund its business and support growth, with potential dilution of existing shareholders if new equity is issued[32]. - The company does not expect to pay cash dividends in the foreseeable future, requiring investors to rely on stock price appreciation for returns[188]. - The trading price of the company's common shares is likely to be volatile, influenced by various market factors, which may limit liquidity for investors[186]. - The company anticipates that market conditions and geopolitical events may significantly impact its stock price and overall financial performance[189]. Internal Controls and Compliance - Material weaknesses in internal controls over financial reporting were identified in 2023, 2022, and 2021, which could impact the accuracy of financial reporting[34]. - The company has taken steps to remediate identified material weaknesses, including strengthening the research and development approval process for invoices[37]. - The company has taken steps to remediate material weaknesses in internal controls identified in audits for 2021 and 2022, but acknowledges ongoing risks[44]. - The company has implemented a process to ensure proper revenue recognition in accordance with IFRS15, including quarterly peer reviews of sales recognition policies[41]. - Changes in accounting standards could significantly alter reported financial performance and increase operating costs[123]. Revenue Generation and Market Dependency - The company relies heavily on channel partners for revenue generation, and any failure in these partnerships could significantly harm operating results[19]. - More than 61% and 50% of the company's revenues for the six months ended June 30, 2024, and 2023, respectively, were generated through sales by channel partners[49]. - The company derived 52% and 49% of its revenue from five key customers/channel partners for the fiscal years ended December 31, 2023 and 2022, respectively[95]. - The company is materially dependent on the adoption of its solutions by both industrial enterprise and public sector markets, which could impact revenue if not widely accepted[55]. - The company is dependent on the adoption of its solutions by industrial and public sector markets, which could adversely impact revenues if not achieved[19]. Competition and Market Risks - The company faces risks related to competition, including competitors with greater resources and experience in high-volume product manufacturing[20]. - The company faces significant competition from established players like LG, Apple, and Samsung, which may affect market share and pricing strategies[56]. - The company must adapt to rapidly changing technology and customer demands to remain competitive in the mobile device market[72]. - The application development ecosystem supporting the company's devices is new and evolving, which may limit demand for its products[97]. Operational Challenges - Lengthy sales cycles for products could lead to unexpected revenue shortfalls if large orders are delayed[20]. - The company faces challenges in developing new features or enhancing solutions to meet evolving user needs in a rapidly changing industry[20]. - The company has limited experience with third-party manufacturers in Asia, which may result in manufacturing capacity constraints and challenges in meeting customer demand[80]. - The company may incur additional costs or experience manufacturing delays if it fails to accurately forecast demand for inventory and supply needs[89]. - Any interruption in the supply of key components could significantly delay production and harm revenues, profitability, and financial condition[93]. Geopolitical and Economic Risks - The ongoing geopolitical conflicts, such as the Middle East War and the Russian invasion of Ukraine, could adversely affect the company's financial condition and operations due to potential supply chain disruptions[82][84]. - Economic uncertainties or downturns could limit the availability of funds for customers, adversely impacting the company's business[113]. - The political and legal climate in China is unpredictable, which may hinder the company's ability to operate effectively and could lead to increased costs[176]. - The evolving conflict situation in Israel makes it difficult to predict its duration and potential effects on business[163]. Legal and Regulatory Risks - Compliance with anti-corruption and economic sanctions laws is critical to avoid significant penalties and reputational harm[134]. - Regulatory and safety laws could impose future costs and liabilities, affecting production capabilities and financial performance[140]. - The company is subject to a variety of privacy and data security laws, which are rapidly evolving and may increase compliance costs[144]. - The General Data Protection Regulation (GDPR) may impose additional obligations and risks, potentially increasing penalties for non-compliance[145]. - The California Consumer Privacy Act (CCPA) introduces significant new disclosure obligations and privacy rights for consumers[146]. Strategic Growth and Investments - The company plans to invest in sales and marketing, research and development, and general administrative functions to manage anticipated growth[63]. - The company aims to expand into new vertical markets and increase awareness of its solutions' benefits[65]. - The company may consider strategic acquisitions in the future, which involve risks related to integration and realization of anticipated benefits[118]. - Future acquisitions may not be financed on favorable terms, potentially impacting stock value[120]. Stock and Shareholder Information - The company received a notification from Nasdaq on August 26, 2022, regarding non-compliance with the minimum bid price requirement, as the closing bid price was below $1.00 for 30 consecutive business days[193]. - The company underwent a 100-1 reverse stock split on August 3, 2023, followed by a 7-1 reverse stock split on December 4, 2023, to remediate the delisting issue[194]. - If the Common Shares are delisted, they would trade over-the-counter (OTC), which could lead to reduced liquidity and increased volatility[196]. - The company’s executive officers and directors, along with affiliated entities, own approximately 0.03% of the Common Shares as of August 15, 2024[202]. - The company is subject to significant increased costs due to operating as a public company in the U.S., including legal and accounting expenses[209].
Siyata Mobile Announces Second Quarter Financial Results
Prnewswire· 2024-08-15 23:59
Management to Host Conference Call at 8:30 a.m. ET on Friday, August 16 VANCOUVER, BC, Aug. 15, 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 its financial results for the three months ended June 30, 2024. Marc Seelenfreund, CEO of Siyata, said, "Second quarter revenue growth was tempered in large part due to the timing of the delivery of customer orders. However, ...