Siyata Mobile (NASDAQ: SYTA), a global vendor of Push-to-Talk over Cellular (PoC) devices and cellular signal booster systems, is announcing its unaudited financial results for second quarter 2022, the three-month period ending June 30, 2022. Highlights of the report include a second-quarter revenue increase of 172% year over year, with revenue totaling $970,000 while EBITDA and net losses were down year over year. Gross profit for the quarter totaled $108,673 (11.2% of sales) compared to a negative $466,319 for the three months ended June 30, 2021, an improvement in gross margin dollars of $574,992. In addition, the company signed several major North American carrier and international distributor agreements, which are driving accelerated sales growth of new rugged SD7 push-to-talk device and accessories. “We delivered on our plans to continue building our channel infrastructure during the second quarter, achieving multiple significant wins that we believe set the stage for fast and broad customer adoption of our game changing SD7 device and accessories in the quarters ahead,” said Siyata founder and CEO Marc Seelenfreund in the press release. “This foundation of increased distribution is directly leading to many potential significant opportunities that are expected to drive meaningful volume growth in an increasing number of verticals beyond our primary first responders focus, including government, school districts, utilities, security, retail, amusement parks and hotel resorts, to name but a few. We believe our broad and innovative product portfolio, combined with our North American and international distribution relationships will allow us to achieve strong growth from Q3 2022 and beyond. . . . I am also pleased to report our recent attendance at APCO International (Association of Public-Safety Communications Officials) confirms the explosive interest in our products from multiple carriers, distributors, enterprise and government customers. This was another exceptional show for us with interest in our products stronger than we have ever seen.”
To view the full press release, visit https://ibn.fm/FVkKZ
About Siyata Mobile Inc.
Siyata Mobile is a B2B global vendor of next-generation Push-to-Talk over Cellular (“PoC”) devices and cellular booster systems. Its portfolio of in-vehicle and rugged smartphones enable first responders and enterprise workers to instantly communicate over a nationwide cellular network of choice to increase situational awareness and save lives. Siyata’s portfolio of enterprise-grade and consumer cellular-booster systems enables first responders and enterprise workers to amplify cellular signal in remote areas, inside structural buildings where signals are weak and within vehicles for maximum cellular signal strength possible. For more information about the company, visit www.SiyataMobile.com or www.UnidenCellular.com.
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