Hello Everyone,
We have another exciting Nasdaq profile for todays session.
It is not often that we see a company trading on a National exchange at this price point.
Pull up SYTA immediately.
We want to get this one on your radar as we head into the weekend.
Siyata Mobile Inc. (NASDAQ: SYTA) (TSXV: SIM) is a leading global developer and provider of Push-to-Talk Over Cellular (“PTT/PoC”) systems for enterprise customers. The company specializes in connected vehicle products for professional fleets and markets its products under the Uniden® Cellular brand.
Since its inception in 2012, Siyata has amassed a customer base that includes cellular operators, commercial vehicle technology distributors, and fleets of all sizes in Canada, the U.S., Europe, Australia and the Middle East.
Recognized by the Toronto Venture Stock Exchange in 2018 as a Venture Top 50 Company, Siyata aims to deliver the highest quality and most technologically advanced mobile communication devices for global corporate workforces, fleets, homes and buildings.
The company has long been an industry pioneer, delivering the world’s first 3G connected vehicle device as well as the world’s first 4G/LTE vehicle-mounted smartphone for First Responders and commercial fleets and vehicles, thereby creating a new category in the cellular device market with a dedicated smartphone tailor-made for the commercial vehicle market.
Siyata’s suite of technology includes numerous PTT and legacy devices, as well as cellular boosters designed to improve cellular signals in corporate warehouses, government embassies, retirement home campuses, banks and manufacturing plants.
The company’s flagship product, the Uniden UV350, is the world’s first vehicle-mounted 4G/LTE smartphone with crystal clear quality, carrier grade PTT, voice, text, video and data applications built into a single device. Specifically designed for First Responder and commercial fleet vehicles, the UV350 runs on cellular LTE networks that provide nationwide and global coverage, replacing traditional single purpose two-way radios that require a monthly fee and limited network coverage.
The Uniden UV350 is currently available through Bell Mobility, Canada’s largest LTE network and PTT community, as well as AT&T in the U.S. Further expanding its availability, Siyata is completing network approval with another U.S. Tier 1 operator to launch the UV350 in Q3 2019.
The company reported 3rd quarter 2022 results on November 10th which demonstrated strong growth for one of its product lines. Revenues for the quarter ending September 30, 2022 were $2,567,885 compared to $1,218,875 for the 3rd quarter of 2021. This 111% increase over the prior year period was primarily due to the increase in the sale of rugged devices including the SD7 rugged handset during the quarter. Sales related to rugged handsets and accessories increased 588% to approximately $1.9 million.
Despite Siyata’s small size, no other competitor offers as comprehensive of a portfolio of products. Siyata Mobile Inc. (Nasdaq: SYTA) provides disruptive solutions aimed at the Push-to-talk-over-Cellular (PoC) industry, with three complementary product categories targeted to the same core channels and customers. Large global telecommunications customers provide potential rapid entry into a $50 billion North American market.
Game-Changing Channel Partners:
With a combined existing base of over 343 million subscribers, having AT&T and Verizon as channel partners could prove to be a monumental catalyst for Siyata Mobile Inc. (Nasdaq: SYTA) as they roll out their game-changing Push-to-Talk Over Cellular devices.
Analyst Valuation:
Thomas Kerr, CFA is a Senior Equity Research Analyst at Zacks Small-Cap Research with over 25 years of securities industry experience in the Technology, Consumer, Industrials, Med-Tech, Healthcare & Biotechnology sectors recently assigned a $2.50 valuation on Siyata Mobile Inc. (Nasdaq: SYTA) on November 14th, 2022.
Massive Bounce Potential:
Shares of Siyata Mobile Inc. (Nasdaq: SYTA) recently bounced off its 52-week low of $.1051 on 11/09/2022 and with a 52-week high of $ 5.4763 set on 12/09/2021 there could be over 5,110% in upside potential if (SYTA) climbs back to that 52-week high level. To be fair, a 5,110% move back to the 52-week high is not expected, but the potential should be noted.
Growth Trajectory:
In general, nano-cap companies have market capitalizations of less than $50 million.(3)By identifying companies when they are still small, you have the opportunity to witness the front end of a potentially massive growth curve.(3)According to MarketWatch.com, as of 12/8/22, Siyata Mobile Inc. (Nasdaq: SYTA) has a market cap of less than $2.5 million.
Robust Revenue Growth:
The company reported 3rd quarter 2022 results on November 10th which demonstrated strong growth for one of its product lines. Revenues for the quarter ending September 30, 2022 were $2,567,885 compared to $1,218,875 for the 3rd quarter of 2021. This 111% increase over the prior year period was primarily due to the increase in the sale of rugged devices including the SD7 rugged handset during the quarter. Sales related to rugged handsets and accessories increased 588% to approximately $1.9 million.
Market Disruptor:
Despite Siyata’s small size, no other competitor offers as comprehensive of a portfolio of products. Siyata Mobile Inc. (Nasdaq: SYTA) provides disruptive solutions aimed at the Push-to-talk-over-Cellular (PoC) industry, with three complementary product categories targeted to the same core channels and customers. Large global telecommunications customers provide potential rapid entry into a $50 billion North American market.
Please Read the Full Profile Here: https://insiderfinancial.com/newalert
Sincerely,
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