Siyata Mobile YoY Revenues Increase 30%, Report Follows A $2.2 Million Order And Promotional Deal With AT&T FirstNet® For Its SD7 PoC Handset

Siyata Mobile YoY Revenues Increase 30%, Report Follows A $2.2 Million Order And Promotional Deal With AT&T FirstNet® For Its SD7 PoC Handset

Siyata Mobile (NASDAQ: SYTA) stock surged 11% after publishing two milestone deals for its revolutionary Push-to-Talk Over Cellular (PoC) SD7 handset. Investor interest swelled starting on Monday after SYTA announced its revolutionary handset will be included in FirstNet®'s 'Free Feature Phone for Life' promotion, offered in collaboration with AT&T (NYSE: T), which highlights the increasing early adoption of its SD7 handsets. Investors also likely responded enthusiastically to the company's ability to potentially benefit from the marketing strength of an industry behemoth that can introduce millions of customers and significantly expand its distribution footprint. That was just one piece of excellent news. 

Siyata followed up on Tuesday, announcing that it had scored a deal worth $2.2 million for its flagship SD7 handsets and associated accessories. That's significant, considering that this deal alone is worth more than the total revenues of $1.9 million posted in Q4 last year. Then, before the opening on Thursday, the company posted impressive quarterly earnings.

Siyata reported a 30% increase in comparative Q1 revenues to $2.4 million, a 36% increase in gross profit to $863,000, a 42% reduction in net loss, and a 25% increase in EBITDA. Surprisingly, the stock turned lower on the update. However, combining the impressive Q1 performance with current and expected updates, many expect the Siyata rally to resume.

Contract Wins Feed The Bullish Narrative

It should. Remember, while earnings are a consideration when investing, reading between the lines of other events is also. That includes recognizing the importance of inking deals with companies like AT&T, which don't come easy. This one didn't. It resulted from a rigorous review process that FirstNet Ready® devices undergo, meaning that the SD7 handset meets or exceeds stringent reliability, security, and performance standards. The SD7 checked those boxes, facilitating its addition to the FirstNet Ready® products arsenal available to PoC segment clients needing practical and durable devices during critical missions. Siyata CEO Marc Seelenfreund made his point known, saying,

"Inclusion in one of the largest U.S. cellular carrier’s ‘Free Feature Phone for Life’ promotion opens up a massive market opportunity for our SD7 handsets. This carrier serves more than 100 million subscribers and has tremendous brand recognition. Under the terms of our agreement, our devices are priced aggressively to scale our unit sales and drive growth. We expect this promotional program will increase visibility of our products in the marketplace and increase accessibility for organizations that are seeking secure and reliable communications solutions."

Still, while this deal is a great one, additional ones are likely to accrue. Remember that Siyata is not new to the sector; its product lineup has been instrumental in its pursuit to secure a global market leadership position in the fast-growing Push-to-Talk Over Cellular (PoC) sector. Thus, don't be misled by the company's current $2.52 million market cap at yesterday's close. This company is performing in the major leagues of the industry and is disrupting traditional Land Mobile Radio (LMR) markets with innovative and, in many cases, unrivaled cellular technology. 

In fact, those reading about the SD7 find it described as the pinnacle of next-generation communication solutions. That's a deserved description since, unlike many competing products, SYTA designed it to seamlessly integrate with existing systems while offering unparalleled functionality. That difference and advantage allow the SD7 to uniquely bridge the gap between traditional two-way radios and modern cellular networks. 

That's excellent news from a marketing perspective. Its rugged design, military-standard durability, and reliable nationwide coverage have opened doors to major markets across various verticals, including first responders, security, education, commercial fleets, and construction teams. That's certainly not an exhaustive list.

Targeting An Estimated $50 Billion Market Opportunity

But better than the markets are the potential revenues in play. Siyata has its sights set on a combined addressable market opportunity north of $50 billion by 2025 in the North American markets alone. Most important to maximizing that potential is that this company has the right products to target the most potentially lucrative categories in the PoC industry. In addition to the SD7, the company offers in-vehicle mounted IoT cellular communications devices and cellular signal boosters for global first responders and enterprise customers.

Siyata's extensive product portfolio is a crucial distinction, allowing it to penetrate markets quickly and take market share. They are already biting into share once held almost exclusively by the industry's LMR behemoths like Motorola Solutions Inc. (NYSE: MSI), L3Harris Technologies Inc. (NYSE: LHX), and overseas brands such as JVC Kenwood Corp. (TSE: 6632) and Hytera Communications Corp (SZSE: 002583). The best part of the SYTA value proposition is that its steeping growth curve shows no signs of slowing.

As indicated in yesterday's report, growth is accelerating because the company is aggressively capitalizing upon PoC market opportunities, including benefits earned by targeting three complementary product categories whose synergies include using the same core channels and servicing the same customers. No other known competitor offers a similarly comprehensive portfolio of products, a distinction enabling Siyata to replace one-time ambition with real-time revenues from carriers that appreciate the breadth of its single-vendor asset portfolio. That difference is advantageous because it provides synergistic sales benefits and simplifies integration processes.

PoC and In-Vehicle Products Fueling Growth

Notably, while Siyata targets the rewards from providing field PoC applications, opportunities from In-Vehicle PoC solutions are also in the revenue-generating crosshairs. Siyata's complementary and innovative VK7 is a first-in-class, in-car solution that pairs with its SD7. Like the company's SD7, the VK7's strength is its unique design, including connections to vehicle power, an integrated 10W speaker, a simple Slide-In connection, and internal active cooling. Additionally, the kit has a modularity that allows for the integration of multiple accessory solutions. 

Another product in the in-vehicle family is the UV350, an in-vehicle smartphone specifically designed to optimize mobile communications while driving. The UV350 is already considered a preferred IoT device for commercial vehicles because its 4G/LTE speed is always powered and supports FirstNet® certified apps, including fleet management, dispatch, GPS mapping, and other custom solutions. There's more contributing to the value proposition.

The company also intends to drive higher revenues from its Channel Relationships, allowing it to market devices with global cellular carriers and distributors who sell to its enterprise customers. Leveraging these carrier sales channels and their broad customer base with its own core complementary product categories benefits brings a unique advantage in providing client carriers the ability to activate a SIM card and generate income otherwise not captured with customers using traditional LMR.

These advantages led to a deal with Bell Mobility Inc., a division of Bell Canada, that puts potential business from its more than 10 million subscribers into play. That's not all. 

The company announced the addition of RadioTrader, the UK's and Ireland's premier two-way radio supplier, to distribute its mission-critical SD7 PoC device and VK7 vehicle kit accessory. That deal is expected to attract business from various industries that rely on RadioTrader and its over 20 years of industry experience for two-way radio solutions. Moreover, the addition of Siyata's SD7 device and VK7 vehicle kit validates the quality of its products and, more importantly, could provide fuel to score considerably more near-term sales.

Operations Table Set For The 2024 Rally To Continue

Based on recent deals announced, that's the likeliest path of least resistance. Add to that earnings showing Siyata is firing on all business cylinders and leveraging its status as a leading vendor of next-generation Push-To-Talk over Cellular devices and cellular booster systems, the valuation disconnect, despite its May run, is not only wide; it looks too good to ignore.

That's not necessarily bad news since it exposes an investment opportunity. Deals this month alone support that bullish assessment. But know this: considering that agreements include promotional collaborations with one of the world's largest carriers and distributors, seizing this window of opportunity may be best taken sooner rather than later. After all, Wall Street windows of opportunity can and often do close quickly, and expect Siyata's to be no exception. That's not a hype-based presumption, either. It's warranted optimism supported by milestone deals, strong earnings, and a best-in-class product lineup in high demand.


Disclaimers: Hawk Point Media Group, Llc. is responsible for the production and distribution of this content.  Hawk Point Media Group, Llc. is not operated by a licensed broker, a dealer, or a registered investment adviser. It should be expressly understood that under no circumstances does any information published herein represent a recommendation to buy or sell a security. Our reports/releases are a commercial advertisement and are for general information purposes ONLY. We are engaged in the business of marketing and advertising companies for monetary compensation. Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. The information made available by  Hawk Point Media Group, Llc. is not intended to be, nor does it constitute, investment advice or recommendations. The contributors may buy and sell securities before and after any particular article, report and publication. In no event shall  Hawk Point Media Group, Llc. be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or made available by  Hawk Point Media Group, Llc., including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information in this video, article, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations.  Hawk Point Media Group, Llc. strongly urges you conduct a complete and independent investigation of the respective companies and consideration of all pertinent risks. Readers are advised to review SEC periodic reports: Forms 10-Q, 10K, Form 8-K, insider reports, Forms 3, 4, 5 Schedule 13D from all featured companies. For some content,  Hawk Point Media Group, Llc., its authors, contributors, or its agents, may be compensated  for preparing research, video graphics, and editorial content. HPM, LLC has been compensated five-thousand-dollars via bank wire by IR Agency, Inc. to provide this research and/or editorial production coverage for Siyata Mobile, Inc. for a period starting on 05/15/24 and ending on 05/17/24. That compensation creates a conflict of interest because the content presented may only provide a favorable viewpoint of Siyata Mobile, Inc. The contributors do NOT buy and sell securities in the companies featured. HPM holds ZERO shares and has never owned stock in Siyata Mobile, Inc. Readers should be expect that those hiring HPM may sell some or all of the shares they own in Siyata Mobile, Inc., if any, before, during, or after this content is published. Readers, subscribers, and website viewers, are expected to read the full disclaimers and financial disclosures statement that are attached to this content. The Private Securities Litigation Reform Act of 1995 provides investors a safe harbor in regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact may be forward looking statements. Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements indicating certain actions & quote; may, could, or might occur. Understand there is no guarantee past performance will be indicative of future results. Investing in micro-cap and growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investors investment may be lost or impaired due to the speculative nature of the companies profiled.

Media Contact
Company Name: Hawk Point Media
Contact Person: Editorial Dept.
Country: United States

Data & News supplied by
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.