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Stock impact report

Siyata Mobile Reports Third Quarter Revenue of $5.9 Million, Up 218% [Yahoo! Finance]

Siyata Mobile, Inc. - Common Shares (SYTA) 
Company Research Source: Yahoo! Finance
VANCOUVER, BC Nov. 14, 2024 /PRNewswire/ -- Siyata Mobile Inc. (Nasdaq: SYTA) (" Siyata " or the " Company "), a global developer and vendor of Push-to-Talk over Cellular (PoC) handsets and accessories, today announced its financial results for the three months ended September 30, 2024 Marc Seelenfreund , CEO of Siyata, said, "We delivered $5.9 million in revenue for the third quarter, the largest in our company's history and representing exponential growth of more than 200% year-over-year. This performance underscores the significant momentum we are building, especially in the U.S. market, where sales have increased by 55% year-to-date. More broadly, demand for our SD7 handsets is increasing across a diversity of vertical markets and use cases. Adoption of our disruptive, ruggedized handsets is accelerating to replace more traditional land mobile radio (LMR)." Seelenfreund continued, "We are optimistic about our outlook going forward with the goal of reaching profitability in th Show less Read more
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