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Siyata Mobile Appoints Samsung Director Bob Escalle to Vice President of Public Safety
Prnewswire· 2024-07-08 11:00
Bob Escalle, Vice President of Siyata, remarked, "Siyata is uniquely positioned as the only Western company solely focused on the expansive and growing Push-to-Talk over Cellular industry. Our next-generation 5G technology has the potential to be a game changer in the U.S. and other global markets. I am excited to join the team and contribute to making Siyata the number one global vendor for PoC." Siyata Mobile Inc. is a B2B global developer and vendor of next-generation Push-To-Talk over Cellular handsets ...
Siyata Mobile Announces Significant Strategic Investment in Canadian Towers & Fiber Optics with a Focus in Latin America
Prnewswire· 2024-07-02 11:00
VANCOUVER, BC, July 2, 2024 /PRNewswire/ -- Siyata Mobile Inc. (Nasdaq: SYTA, SYTAW) ("Siyata" or the "Company"), a global developer and vendor of Push-to-Talk (PTT) over Cellular (PoC) handsets and accessories, today announces that it has committed to an investment in Canadian Towers & Fiber Optics Inc. ("CT&FO"), a Canadian based company that develops, constructs and owns telecommunications infrastructure in the flourishing telecommunication market in Mexico. CT&FO is focused on tower development in the a ...
Siyata Mobile Announces Closing of approximately $6.0 Million Public Offering of Common Shares and Pre-Funded Warrants
Prnewswire· 2024-06-28 20:40
Forward Looking Statements This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," and similar expressions or variations of such words are intended to identify forward-looking statements. Because such statements deal with future events and are based on Siyata's current expecta ...
Siyata Mobile Announces New Partnership with JD Telecom
Prnewswire· 2024-06-05 11:00
VANCOUVER, BC, June 5, 2024 /PRNewswire/ -- Siyata Mobile Inc. (Nasdaq: SYTA, SYTAW) ("Siyata" or the "Company"), a global developer and vendor of Push-to-Talk (PTT) over Cellular (PoC) handsets and accessories, today announced its partnership with JD Telecom, a premier telecom solutions provider of commercial-grade vehicle solutions and a strategic distribution partner for T-Mobile, to expand distribution of its SD7 handsets, VK7 Vehicle Kits and related components. JD Telecom keeps you on the road and con ...
Siyata Mobile Granted New US Patent for Innovative Push-to-Talk Vehicle Kit
Prnewswire· 2024-05-30 11:00
The VK7 is a first-of-its-kind vehicle kit with an integrated 10-watt speaker, a simple slide-in connection sleeve for the SD7 Handset and an external antenna connection for connecting an antenna to allow for an in-vehicle experience for the user that is similar to that from a traditional land mobile radio ("LMR") device. It has been uniquely designed to be used with the SD7 Handset, while connecting directly into the vehicle's power, and can also connect to the Company's cellular amplifier for better cellu ...
Siyata Mobile SD7 PTT Handsets Selected by Public Utility to Replace Two-Way Radios
prnewswire.com· 2024-05-28 11:00
City of Lancaster, Ohio Integrates Solution into Day-to-Day Utility Operations VANCOUVER, BC, May 28, 2024 /PRNewswire/ -- Siyata Mobile Inc. (Nasdaq: SYTA, SYTAW) ("Siyata" or the "Company"), a global developer and vendor of Push-to-Talk over Cellular (PoC) handsets and accessories, today announced that it has received an order from the City of Lancaster Public Utilities Department for its SD7 Push-to-Talk (PTT) handsets, VK7 Vehicle Kits and related accessories. The department provides utilities for the r ...
Siyata Mobile Provides Additional Update on its AI-Powered PTT Device
prnewswire.com· 2024-05-23 11:00
New Features Expand Applications for Loud Work Environments VANCOUVER, BC, May 23, 2024 /PRNewswire/ -- Following the press release on May 21, 2024 from Siyata Mobile Inc. (Nasdaq: SYTA, SYTAW) ("Siyata" or the "Company"), a global developer and vendor of Push- to-Talk over Cellular (PoC) handsets and accessories, the Company is pleased to give further clarity on its recently introduced SD7 Wired Palm Mic Pro with AI Noise Cancellation. This innovative device, designed for use with the Company's SD7 Handset ...
Siyata Mobile Expands SD7 Rollout at Baha Mar Resort
prnewswire.com· 2024-05-22 11:00
Marc Seelenfreund, CEO of Siyata, commented, "We delivered the Baha Mar Resort its first SD7 handsets and accessories more than a year ago to replace two-way radios used primarily by the resort's security team. Given the success they are experiencing, they have ordered additional units to be deployed across the property for use by staff in valet and bellman services, engineering, the water park, beach, pool, lobbies and other public areas. The Baha Mar Resort is an upscale, luxury resort property that deliv ...
Siyata Mobile(SYTA) - 2023 Q4 - Earnings Call Transcript
2024-04-09 13:55
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]
Siyata Mobile(SYTA) - 2023 Q4 - Annual Report
2024-04-08 21:20
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 ...