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.
And mentioned above, SYTA has 5 must-see potential catalysts this moment. Check them out:
No. 1 SYTA Potential Catalyst - Zacks SCR Provides $2.50 Target (Potential Upside Over 2,000%)
In November of 2022, Zacks Small-Cap Research analyst, Tom Kerr, slapped a $2.50 price target on SYTA.
From Friday's closing valuation, that's over 2,000% 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 in-vehicle mounted communication devices, rugged smartphones 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 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 2022 and 2023 from previous levels. It’s possible the company will be break-even on an operating cash flow basis in early 2023.
- The company appears to be well capitalized after raising an additional $4.0Mn from a registered direct offering the 4th quarter of 2022.
No. 2 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.
No. 3 SYTA Potential Catalyst - Massive New Order Could Create Important, Recurring Revenue Stream
Siyata Mobile Receives $1.2Mn Order to Provide In-Vehicle Devices and Video Monitoring for EMS Organization
Video Monitoring Service Enabled by New Product Creates Recurring Revenue Stream
VANCOUVER, BC / ACCESSWIRE / June 1, 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, today announced that it received an order for its UV350 In-Vehicle Devices and ‘Siyata Real Time View,' the Company's newest product, valued at over $1.2Mn.
The order is expected to begin shipping and recurring revenue to commence in the second quarter this year.
Marc Seelenfreund, CEO of Siyata, stated, "This order is from a repeat customer that is already experiencing the benefits of our rugged handsets and UV350 In-Vehicle devices. As such, they are adding more UV350 In-Vehicle devices to their fleet of ambulances in addition to our newest product, ‘Siyata Real Time View,' which provides in-fleet video monitoring. By equipping their fleet with our technology, this EMS organization will enable better collaboration and improve command and control of critical communications across its operation. Importantly, this creates a recurring revenue stream for Siyata from a license fee for using the video software that further increases the lifetime value of this customer."
Seelenfreund added, "Siyata ‘Real Time View' provides better control for fleet managers and better safety for commercial vehicle drivers. Beyond emergency services, ‘Real Time View' is ideal for municipalities, construction, taxis or any enterprise customer that wants to improve control over its fleet. Video produced by ‘Real Time View' is high resolution and can be accessed from a management portal in real time or retrieved later via cloud storage. It is a perfect addition to our product portfolio as it addresses the needs of our EMS and commercial vehicle enterprise customers using our PTT portfolio."
Read the full article here.
No. 4 SYTA Potential Catalyst - Company Expanding Global Distribution Reach Of SD7 Headset
Siyata Expands Global Distribution of Next-Generation Push-to-Talk Mobile Device in the Netherlands
Signs Distribution Agreement with KPN
VANCOUVER, BC / ACCESSWIRE / May 17, 2023 / Siyata Mobile Inc. (NASDAQ:SYTA)(NASDAQ:SYTAW) ("Siyata" or the "Company"), a global provider of innovative Push-to-Talk over Cellular ("PoC") and cellular signal booster solutions, today announced it has signed a distribution agreement for its next-generation MCPTT (mission critical push-to-talk) solution with KPN Royal Dutch Telecom ("KPN"), a leading telecommunications and IT provider in the Netherlands.
The SD7 handsets and related accessories are now being offered by KPN with its KPN PTT service to medium and large government and enterprise clients.
"This distribution agreement expands the reach of our SD7 handset through wireless carriers to a new geographic region and opens new opp's for growth," said Marc Seelenfreund, Siyata CEO. "Aligning with quality wireless carriers is an important aspect of our growth strategy. As an innovator and telecommunications leader in the Netherlands and one of the largest wireless carriers in Europe, KPN has extensive experience in the push-to-talk technology space and is highly focused on offering the best solutions for its customers. We are eager to leverage their established channels to provide more end users with our powerful MCPTT solution."
Read the full article here.
No. 5 SYTA Potential Catalyst - Orders, Orders, And More Orders (Gaining Momentum In Education Market)
Siyata Mobile Expands Footprint in Education Vertical with over $900k Order to Supply a U.S. School District with SD7 Handsets
VANCOUVER, BC / ACCESSWIRE / May 3, 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, has received a purchase order for over $900k to supply a U.S. public school district with its mission-critical PoC (MCPTT) SD7 handsets and accessories.
Siyata CEO, Marc Seelenfreund, commented, "We are gaining momentum in the education market as this new order from a new end-customer represents our largest order to date in this important vertical. Increasingly, school districts are recognizing the critical role that robust communication tools play in supporting smooth operations and keeping students safe. Our SD7 Handsets will provide teachers and school staff with a reliable and efficient means of communicating on-the-job and the ability to notify first responders in case of an emergency."
Seelenfreund continued, "The education vertical represents one of our largest market opp's with more than 115,000 schools] and four million teachers in the U.S. alone. At the same time, we are leveraging the strength of our products and expanding our reseller relationships to pursue additional sales opp's in other verticals including first responders, government, healthcare, hospitality, and transportation and more."
Read the full article here.
SYTA Recap: 5 Potential Catalysts To Sink Your Teeth Into
No. 1 - Zacks SCR Provides $2.50 Target (Potential Upside Over 2,000%)
No. 2 - Revenue Growth In Q1 2023 Explodes YoY
No. 3 - Massive New Order Could Create Important, Recurring Revenue Stream
No. 4 - Company Expanding Global Distribution Reach Of SD7 Headset
No. 5 - Orders, Orders, And More Orders (Gaining Momentum In Education Market)
Coverage is officially initiated on SYTA. When time permits, do this: