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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
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 03/11/2024 09:00:03 PM
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- 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
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- 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
- A Year End Message from Marc Seelenfreund, Siyata Mobile’s CEO • GlobeNewswire Inc. • 12/12/2023 01:05:00 PM
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- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 12/07/2023 03:31:58 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 12/04/2023 02:23:06 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 11/30/2023 10:00:04 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 11/29/2023 09:21:05 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 11/27/2023 03:09:39 PM
- A Thanksgiving Message from Marc Seelenfreund, Siyata Mobile’s CEO • GlobeNewswire Inc. • 11/20/2023 02:11:36 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 11/15/2023 09:47:45 PM
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