Siyata Mobile Inc (SYTA)

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SYATF>Siyata Mobile Reports $3.06M in Q1 2020, Schedules Conference Call
Montréal, QC – Siyata Mobile Inc. (TSX-V:SIM / OTCQX: SYATF / FRA: WK3D) (the "Company" or "Siyata") announces it has filed its Q1 2020 financials and will be hosting an investor conference call on Thursday, July 2nd at 9:00 AM EDT (6:00 AM PDT) to discuss these results followed by a Q&A for investors.

Q1 2020 Highlights:

Top line revenue of $3.06M in Q1 2020, a slight increase over Q1 2019 of $3.03M
Gross margins improved to 32.4% in Q1 2020, up from 0% in Q1 2019
Comprehensive net loss of $439,935, vs a net loss of $2.15M in 2019
Q1 2020 EBITDA was negative $0.6MM vs $0.9MM in Q1 2019, a positive variance of $0.3MM
A 172% increase quarter over quarter in Q1 YoY North American sales ($2,010,000 vs $738,000)
North American sales represent 66% of Gross sales vs Q1 YoY 24%
Working capital of $5.9MM at end of Q1 2020 vs $8.3MM at Q1 2019
Details of the conference call:

Date: Thursday, July 2, 2020
Time: 9:00 AM EDT (6:00 AM PDT)
North America toll free dial-in number: [phone]
International dial-in number: [phone]

There will also be a playback of the conference call, available in MP3 format by contacting investor relations below.

View Full Press Release
About Siyata

Siyata Mobile Inc. is a B2B global vendor of next generation Push-To-Talk over Cellular (PTT) devices and cellular booster systems. Its portfolio of in-vehicle and rugged smartphones enable first responders and enterprise workers to instantly communicate, over a nationwide cellular network of choice, to improve communication, increase situational awareness and save lives.

Its portfolio of enterprise cellular booster systems enables first responders and enterprise workers to amplify its cellular signal in remote areas, inside structural buildings where signals are weak and within vehicles for maximum cellular signal strength possible.

Visit www.siyatamobile.com and http://www.unidencellular.com/ to learn more.

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On Behalf of the Board of Directors of:
SIYATA MOBILE INC.
Marc Seelenfreund
CEO