Siyata gives carriers the ability to activate a SIM card and generate income otherwise not captured with customers who use LMR.
Find more key company details in their presentation here.
As mentioned above, SYTA has 5 must-see potential catalysts this moment. Check them out:
No. 1 SYTA Potential Catalyst - Zacks SCR Provides $.75 Target (Potential Upside Over 1,000%)
On June 5th, 2023, Zacks Small-Cap Research analyst, Tom Kerr, provided a $.75 price target on SYTA.
From Monday's closing valuation, that's over 1,000% potential upside.
Here's some highlights from the report:
- Siyata Mobile is a developer and provider of cellular communication systems for enterprise customers and first responders. The company’s solutions include rugged smartphones, in-vehicle devices, and cellular signal boosters.
- The company is a beneficiary of first responders need for next generation communication known as Push-to-Talk over Cellular (PoC). PoC is the next-generation solution displacing traditional land mobile two-way radios (LMR). LMR often has limited coverage area and poor reliability of communication for emergencies and outdoor workers.
- The company’s primary rugged MCPTT handset SD7 is a simple, yet highly functional push-to-talk (PTT) only device that has all the benefits of PoC without any of the problems managing the current generation of rugged smart/feature phones. This appears to be a major improvement from the current lineup of LMRs and could take significant market share from the LMR industry.
- SYTA targets vehicle fleets, ambulances, school buses, police vehicles, utility fleets, industrial and residential customers, and large enterprise wireless carriers around the world.
- Sales growth is expected to materially improve in 2023 from previous levels. It’s possible the company will be break-even on an operating cash flow basis in late 2023.
- The company appears to be well capitalized after raising an additional $3.6Mn in the 1st quarter of 2023.
- We adjust our target value to $0.75 per share to account for the effect of higher prevailing interest rates on our discounted cash flow calculation, the increase in total common shares outstanding following the recent equity offering, and the potential for high margin revenue growth in coming years.
No. 2 SYTA Potential Catalyst - Company Announces Massive Order (Record Amount From Single Customer - $1.4Mn)
Siyata Mobile Secures Largest Single SD7 Order in Company History
$1.4Mn Order to Deliver SD7 Handsets to Major U.S. Wireless Carrier
VANCOUVER, BC / ACCESSWIRE / July 6, 2023 / Siyata Mobile Inc. (Nasdaq:SYTA, SYTAW) ("Siyata" or the "Company"), a global vendor of Push-to-Talk over Cellular (PoC) devices and cellular signal booster systems, today announced that it has secured its largest SD7 order ever in the Company's history from a single customer. The order is valued at approximately $1.4Mn.
The Company expects to deliver this new order in the second half of 2023.
Marc Seelenfreund, CEO of Siyata, stated, "This order brings our total of publicly announced orders for 2023 to $6.1Mn, which relative to $6.0Mn in revenue for the full year 2022, sets us on a pace for strong growth in 2023. Our sales momentum is accelerating, and we are extremely encouraged by the traction we are gaining with our channel partners. Our SD7 handsets are approved for use by all major U.S. wireless carriers and we believe that this large order by one of those carriers signals its expectations for increasing demand from its enterprise customers for our Push-to-Talk Over Cellular handset. Increasingly, organizations are adopting PoC as a standard for cost-effective, high quality two-way communication with use cases reaching beyond traditional emergency response. Our SD7 handsets are widely available through a multitude of distribution points. New orders are increasing, demand is robust and our pipeline of new markets and potential new customers is expanding."
Read the full article here.
No. 3 SYTA Potential Catalyst - Waste Management Industry Could Offer Significant Growth Potential (Two New Orders Placed)
Siyata Mobile Announces Two New Orders With Large North American Waste Management Providers
Increases Market Penetration in Waste Management Vertical
VANCOUVER, BC / ACCESSWIRE / July 18, 2023 / Siyata Mobile Inc. (Nasdaq:SYTA, SYTAW) ("Siyata" or the "Company"), a global vendor of Push-to-Talk over Cellular (PoC) devices and cellular signal booster systems, today announced that it has received new orders from two large North American waste management companies for its SD7 handsets and VK7 vehicle kits, and for its UV350 in-vehicle devices.
The orders are expected to be delivered in the third quarter.
Marc Seelenfreund, Founder and CEO of Siyata, stated, "The waste management industry represents an enormous opp. for our offerings of mobile communication devices and accessories given the hundreds of thousands of fleet vehicles that are operated to provide both residential and commercial collection services. These two important, yet unrelated orders demonstrate the applicability and increasing demand for our portfolio of solutions beyond emergency services and our commitment to penetrating new vertical markets to grow our business. With these orders, our devices will be deployed in heavy-duty commercial vehicles to support waste management services in North America."
Read the full article here.
No. 4 SYTA Potential Catalyst - Company's Newly Launched Command Center Unit Aims To Transform Mobile Communications For EMS
Siyata Mobile Launches New Mobile Command Center Unit
Secures First Order from EMS Organization
VANCOUVER, BC / ACCESSWIRE / June 14, 2023 /Siyata Mobile Inc. (Nasdaq:SYTA, SYTAW) ("Siyata" or the "Company"), a global vendor of Push-to-Talk over Cellular (PoC) devices and cellular signal booster systems, today launched its latest product, the Siyata Mobile Command Center, an all-in-one, mobile communications solution with built-in redundancy primarily for providers of Emergency Management Services ("EMS") that need to set up a mobile telecommunications command center in the field.
Marc Seelenfreund, CEO of Siyata, stated, "We are pleased to introduce the Siyata Mobile Command Center, our latest and most advanced solution for the emergency response market. This solution integrates both PoC communications and land mobile radio ("LMR") communications, as well as a ruggedized PC with two routers for connectivity with redundancy to ensure the EMS organization always has access to the right people and the right information to respond to the emergency. Emergency response providers can now have everything they need to communicate in times of emergency in a single package that can be immediately operational. We completed our first sale to an international EMS organization that has previously bought many of Siyata's products, and we are now identifying new sales opp's for the Siyata Mobile Command Center."
The Siyata Mobile Command Center is a comprehensive communications solution that is self-contained in a ruggedized suitcase. It contains a ruggedized industrial PC with two LCD displays built right into the case, two routers with up to six SIM card slots for redundancy to ensure consistent internet connectivity during emergencies, Siyata's UV350 device for PoC calls and regular cellular calls, as well as a DMR UHF mobile radio for radio push-to-talk calls.
Read the full article here.
No. 5 SYTA Potential Catalyst - Revenue Growth In Q1 2023 Explodes YoY
Siyata Mobile Announces First Quarter 2023 Financial Results
Revenue of $1.8Mn, up 116% year-over-year
VANCOUVER, BC / ACCESSWIRE / May 24, 2023 / Siyata Mobile Inc. (NASDAQ:SYTA)(NASDAQ:SYTAW) ("Siyata" or the "Company"), a global vendor of Push-to-Talk over Cellular (PoC) devices and cellular signal booster systems, announced its financial results for the three months ended March 31, 2023. All amounts are in USD unless otherwise indicated.
"We are returning to growth with first quarter revenue more than doubling compared to the first quarter last year on strengthening sales of our mission-critical PoC (MCPTT) SD7 solution," said Marc Seelenfreund, Founder and CEO of Siyata. "The majority of our customer trials that were initiated in the second half of 2022 have proven successful, and as a result, we are experiencing a step up in purchase orders. Recent purchase orders in the emergency response and education verticals establish a basis for accelerating growth in the second quarter, and our pipeline of developing opp's reinforce our optimism for the second half of 2023 and beyond."
Seelenfreund continued, "Our distribution network now includes established relationships with leading North American cellular carriers, including AT&T, FirstNet, T-Mobile, Verizon, Bell and US Cellular, and we recently added KPN Royal Dutch Telecom to the lineup, expanding our reach in Europe. The push-to-talk over cellular market represents a multi-Bn opp. globally. We are building out a global channel strategy that we believe will enable us to capture a meaningful share of this massive opp."
Key fi-nan-cial highlights for the three months ended March 31, 2023:
- Revenues were $1.8Mn compared to $0.8Mn for the three months ended March 31, 2022. This increase of $970k, or 116%, was due mainly to sales of the SD7 in Q1 2023 of $800k, offset by a decrease in sales of the legacy products and boosters.
Read the full article here.
SYTA Recap: 5 Potential Catalysts To Sink Your Teeth Into
No. 1 - Zacks SCR Provides $.75 Target (Potential Upside Over 1,000%)
No. 2 - Company Announces Massive Order (Record Amount From Single Customer - $1.4Mn)
No. 3 - Waste Management Industry Could Offer Significant Growth Potential (Two New Orders Placed)
No. 4 - Company's Newly Launched Command Center Unit Aims To Transform Mobile Communications For EMS
No. 5 - Revenue Growth In Q1 2023 Explodes YoY
Coverage is officially reinitiated on SYTA. When time permits, do this: