Siyata Mobile Inc (SYTA) Q3 2024 Earnings Call Highlights: Record Revenue Surge Amidst ... [Yahoo! Finance]
Siyata Mobile, Inc. - Common Shares (SYTA)
Company Research
Source: Yahoo! Finance
Siyata Mobile Inc ( NASDAQ:SYTA ) reported a record revenue of $5.9 million for Q3 2024, marking a 218% increase compared to Q3 2023. Revenue from the US market was particularly strong, accounting for $4.8 million or 81% of total revenue. The company is experiencing increased demand for its SD7 handset and accessories, contributing to the revenue growth. Siyata Mobile Inc ( NASDAQ:SYTA ) is optimistic about its 5G product portfolio planned for 2025, which is expected to enhance its position as a leading PTT handset provider globally. Gross margin dollars increased significantly from $500,000 in Q3 2023 to $1.7 million in Q3 2024, indicating improved profitability potential. SG&A expenses rose to $4.7 million in Q3 2024 from $2.7 million in Q3 2023, primarily due to increased marketing expenses. Adjusted EBITDA was negative $3.3 million in Q3 2024, worsening from negative $1.6 million in Q3 2023. Working capital decreased to $200,000 as of September 30, 2024, from $1.3 m
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SYTA
News
- Siyata Mobile Announces New Order from Leading Canadian Gaming and Entertainment CompanyPR Newswire
- Siyata Mobile Provides Update on Upcoming Press Conference [Yahoo! Finance]Yahoo! Finance
- Siyata Mobile Provides Update on Upcoming Press ConferencePR Newswire
- Siyata Mobile receives new order from major U.S. transit authority [Seeking Alpha]Seeking Alpha
- Siyata Mobile Announces New Order from Major U.S. Transit AuthorityPR Newswire
SYTA
Sec Filings
- 2/13/25 - Form 6-K
- 2/3/25 - Form 6-K
- 1/29/25 - Form 424B3
- SYTA's page on the SEC website