about $180K canadian. Units are about C$1,000/unit installed. Not that big when you consider they did $18million in 2018. They need a lot of this sized order to make their $30million annual forecast. But it's a start. To hit $30million/yr or their medium term goal of $100million/yr, you need a lot of big fleets to convert.
IR is pretty sure they will get bought out before they ever get to $100million. His point is that Motorola is the loser every time Siyata signs up a new customer because it's their LMR hardware that's being junked. They realize the change is coming because they bought out Kodiak, which provides software to all the PTT hardware. So they(Motorola) get 15% of the $50/month that the cell operators charge customers.
IR has been with this company before I bought 3 years ago. He holds a couple million shares so has a big stake in their success.
Canadian success will be good but Siyata needs US sales to really hit the mark. Watch for AT&T announcement of US sales. Success with AT&T and Siyata will be off to the races. Not only much bigger market but translation of US$ to C$ will help P&L.
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