Siyata Mobile Reports Further Sales Momentum, with Versatile Bluetooth Remote Speaker Mic, after Tripling Quarterly Revenue

December 9, 2024

DENVER, Colo., Dec 09, 2024 (247marketnews.com)- Siyata Mobile (NASDAQ: SYTA), Apple (NASDAQ: AAPL), AT&T (NYSE: T), Verizon (NYSE: VZ), and T-Mobile (NASDAQ: TMUS)

Siyata Mobile (NASDAQ: SYTA) reported increasing sales momentum of its Bluetooth Remote Speaker Mic (“RSM”), an ergonomic palm-held microphone that looks, feels and acts like a traditional wired palm microphone to deliver excellent Push-to-Talk (PTT) audio quality.

The increased RSM sales momentum follow’s Siyata’s third quarter 2024 financial results report, in which Siyata set a new Company quarterly revenue record of $5.9 million, a 218%, or over $4 million, year-over-year increase and a 210%, or $4.0 million, quarter-over-quarter increase.

Users who prefer PTT conversations through their own Smartphone, rather than a PTT handset, Siyata’s rugged Bluetooth RSM can be used with a variety of Android and iOS Smartphones or Tablets, including Samsung and Apple (NASDAQ: AAPL).

Marc Seelenfreund, CEO of Siyata, commented, “We strive to provide a full suite of devices for the PTT market and are the only North American vendor that is solely focused on this $7 billion market*. This Bluetooth RSM with its rugged IP-65 rating adds another layer to our PTT portfolio so that we now have PTT handsets, PTT for vehicles, PTT for users of their own Smartphones whether iOS or Android, as well as a full line of accessories to provide the best PTT experience possible.  Novatek is a leader in Push-To-Talk communications in North America serving a breadth of industries. We are encouraged by the number of our Bluetooth RSM’s they have already sold and the expanding market opportunities for this accessory, which we will continue to pursue in 2025.”

Michelle Montgomery, Novatek’s VP of Sales & Marketing, added, “Siyata’s Bluetooth RSM is being well-received by many of our PTT customers including a large grocery store chain warehouse, a large school bus company, and others. The compact RSM strikes the right balance between performance and price to provide our PTT customers with great audio performance.”

Seelenfreund, previously stated, “We are also extremely excited with our sales outlook going forward as we are now seeing tangible, rapid adoption of our unique PTT product portfolio across our various sales channels.  We believe that we have a very exciting 5G product portfolio planned to launch in 2025 which will position us as the leading PTT handset provider on a global level.  We announced recently that T-Mobile is the first wireless carrier that will be launching part of the portfolio and will be releasing details of the innovative devices over the coming months.  We are optimistic that more wireless carriers will follow suit.

“Our strategy to place Siyata’s PTT devices into the hands of top carriers is driving the top-line growth our shareholders have been waiting for. This partnership with T-Mobile, coupled with the launch of the SD7 Ultra 5G models, underscores our commitment to delivering innovative solutions for mission-critical needs. Our devices offer unmatched sound quality and rugged reliability, making them essential tools for enterprise customers.”

The largest carriers, including AT&T (NYSE: T), Verizon (NYSE: VZ), and T-Mobile (NASDAQ: TMUS) are now stocking Siyata’s devices.

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