Siyata Mobile Inc (SYTA)

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Fellow investors,

Today Siyata Mobile (TSX.V:SIM|OTC:SYATF) announced that they have begun delivering on their PoC Tender for a government end-client that was previously announced on December 2nd, 2019 (Full Release).

The tender is for a total of 15,000 units valued at $3-5M depending on the product-mix. Siyata anticipates delivering the majority of the tender in Q1 and Q2 2020.

To put these figures into perspective in Q3 2019 Siyata had…
Revenues of $5,045,947
Gross profit of $1,587,285
For a Gross Profit Margin of 31.46%
To put things into perspective below are Siyata’s Q1-Q3 Revenues, COGS, Gross Profit, and Gross Profit Margin (make sure to click 'download photos' to see the table below).


Top-line in Context:
On the low end, $3M represents all of Q1 2019’s sales in a single order.

At the high end, $5M represents the Company’s entire first-half 2019 sales (Q1 + Q2 2019) from a single customer.

Potential Gross Profit
At Q3’s higher gross profit margin of 31.46% the tender could generate anywhere from $943,800 - $1,573,000 gross profit in the first half of 2020.

As an investor I am highly encouraged by this development as delivering devices means the company can recognize sales and show the investment community what they have been waiting so long for. Your guess is as good as mine as to what happens with the share price but it is good to see the company closing and delivering on large order volumes. 15,000 units is nothing to scoff at in my humble opinion.

Always happy to answer further questions. Our team is currently working from home so please send me an email or use my calendar link for a call-back.

All best,

Trenton Kwan
Investor Relations
604 684 6730 | 1 866 684 6730
[e-mail]