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Wednesday, August 23, 2023 12:32:38 PM
In the 2nd quarter of 2023, Siyata Mobile reported a substantial increase in its revenues, growing from $0.97 million in 2022 to an impressive $2.7 million. This surge was mainly attributed to the sales of the SD7, their flagship product. The drop in sales of the legacy products and boosters was more than compensated by the SD7's remarkable performance.Moreover, Siyata also demonstrated its ability to maximize profit. The gross profit leap from $108,673 (11.2% gross margin) in the previous year to a whopping $804,490 (29.7% gross margin) is noteworthy. The healthy margins associated with the SD7 handsets are predominantly responsible for this growth, signaling the company's adeptness in pushing its high-margin products. Furthermore, the adjusted EBITDA and net loss metrics both showed a substantial improvement, and with a solid cash balance of $2.0 million as of June 30, 2023, Siyata's financial health seems robust. SYTA
Recent SYTA News
- Siyata Mobile Announces Significant Strategic Investment in Canadian Towers & Fiber Optics with a Focus in Latin America • PR Newswire (US) • 07/02/2024 11:00:00 AM
- Siyata Mobile Announces Closing of approximately $6.0 Million Public Offering of Common Shares and Pre-Funded Warrants • PR Newswire (US) • 06/28/2024 08:40:00 PM
- Siyata Mobile Announces New Partnership with JD Telecom • PR Newswire (US) • 06/05/2024 11:00:00 AM
- Siyata Mobile Granted New US Patent for Innovative Push-to-Talk Vehicle Kit • PR Newswire (Canada) • 05/30/2024 11:00:00 AM
- Siyata Mobile Granted New US Patent for Innovative Push-to-Talk Vehicle Kit • PR Newswire (US) • 05/30/2024 11:00:00 AM
- Siyata Mobile SD7 PTT Handsets Selected by Public Utility to Replace Two-Way Radios • PR Newswire (US) • 05/28/2024 11:00:00 AM
- Siyata Mobile Provides Additional Update on its AI-Powered PTT Device • PR Newswire (US) • 05/23/2024 11:00:00 AM
- Siyata Mobile Expands SD7 Rollout at Baha Mar Resort • PR Newswire (US) • 05/22/2024 11:00:00 AM
- Siyata Mobile’s Inclusion in Large U.S. Wireless Carrier’s ‘Free Feature Phone for Life’ Promotion Opens Massive Market Opportunity • Business Wire • 05/13/2024 05:30:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 03/11/2024 09:00:03 PM
- Siyata Mobile Inc. to Showcase Portfolio at IWCE 2024 • GlobeNewswire Inc. • 03/11/2024 03:43:32 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 02/23/2024 11:09:44 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 02/22/2024 09:05:12 PM
- Siyata Mobile Receives 1000 Unit Order for UV350 Devices • GlobeNewswire Inc. • 02/22/2024 07:01:17 PM
- Form 6-K/A - Report of foreign issuer [Rules 13a-16 and 15d-16]: [Amend] • Edgar (US Regulatory) • 02/15/2024 09:40:08 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/14/2024 01:14:09 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 02/13/2024 01:00:36 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/09/2024 09:05:08 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 02/06/2024 09:05:16 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 02/01/2024 10:18:36 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 01/29/2024 09:05:16 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 01/22/2024 09:05:30 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 01/16/2024 02:00:07 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 12/20/2023 10:00:06 PM
- Siyata Receives First Order for SD7 Handsets in Higher Education • GlobeNewswire Inc. • 12/20/2023 01:59:45 PM
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Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM
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Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM