$SYTA Just Reported Record Revenue
Yes, Siyata More Than Tripled Its Quarterly Revenue and it’s Just Getting Started!!!
Siyata Mobile (Nasdaq:SYTA) may be the best value on the Nasdaq, period.
It’s currently trading around the $1 solid support level, but its path to the $5-8 level has been cleared and its recent record quarterly revenue report is a massive step in that direction!
SYTA just pivoted from being weighed down by growing pains to an exciting growth stock. Its value proposition is so straightforward that it’ll only take a couple minutes to share the key highlights.
Management believes profitability is right around the corner, so don’t wait, because the next massive announcement can happen any moment.
Communications Solutions- Siyata Mobile develops rugged push-to-talk (PTT) devices that allow first responders, fleet operators, and enterprise workers, including police, fire departments, schools, and utilities, to communicate over nationwide networks, enhancing situational awareness and efficiency.
Siyata’s in-vehicle communications solutions target a $19+ billion total addressable market (TAM), including 25 million commercial vehicles and 7 million first responder vehicles.
Stock Status- Management set a massive goal of achieving stock status with the largest carriers; AT&T (NYSE:T), Verizon (NYSE:VZ), and T-Mobile (NASDAQ:TMUS), and Siyata’s devices join the rarified air of companies, like Apple (NASDAQ:AAPL), Samsung, and LG, which also have stocked status with the major carriers.
The move positions Siyata’s devices for potential cobranding deals with the millions of first responder network users, elevates Siyata’s profile, and makes it a prime acquisition target for some of the planet’s most-iconic brands, which are desperate to expand their product offerings.
“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.” Marc Seelenfreund- SYTA CEO
Traders and investors who are looking for the next parabolic moving stock should immediately take a position in Siyata (Nasdaq:SYTA)
Record Quarterly Financial Results- The third quarter was the first full quarter as a stocked device with the four top carriers and Siyata crushed nearly every metric, including a new Company quarterly revenue record of $5.9 million, a 218%, or over $4 million, year-over-year increase and a 210% quarter-over-quarter increase.
Siyata increased year-to-date sales by 55%, compared to 2023, primarily due to increased demand for its SD7 handset and accessories, and having the inventory to fulfill this demand.
Toxic Funding- Despite management’s rock-solid plan and execution, Siyata raised the needed capital in the toxic funding environment that’s dominated the markets the past few years, which hurt the stock and explains Siyata’s steep discounted price. Siyata withdrew the highly dilutive registration, so the share price can begin to more accurately reflect Siyata’s achievements.
New Funding Agreement- Siyata now has a shareholder friendly $7 million equity line of credit (ELOC) that allows Siyata to incrementally access capital, which minimizes dilution and preserves shareholder value.
Significant Risk Reduction- Now that you understand SYTA’s price discount and Siyata’s moves to shed that toxic funding anchor, I’m sure you’ll agree that this is now very low risk.
Siyata is trading well below its liquidation value (according to a previously published analyst report), which means Siyata’s downside should be limited, while its upside, even assuming dilution, might be 5X-8X (more on this in a moment), and makes this one of the most attractive risk-reward ratios around. So, make your move soon, because Siyata could announce something big any moment.
New Products- Siyata plans on building on these results and maintain a very strong growth trajectory, as first responders, governmental organizations, transportation companies, and others replace their legacy two-way radios with solutions like Siyata’s next-generation SD7 Ultra series 5G MCPTT handsets, which recently launched on T-Mobile’s extensive 5G network.
“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.” Marc Seelenfreund- Siyata CEO
Recent Value Priced Stock Moves- Many undervalued stocks recently made very strong upside moves, including;
Bright Minds Biosciences (NASDAQ:DRUG) ran from around $1 to over $79
Biosig Technologies (NASDAQ:BSGM) shot up from 25-cents to over $2.25
Agrify (NASDAQ:AGFY) popped from around $3 to $22
Short Squeeze- The reason that so many of these recent undervalued screamers took off is that the shorts were squeezed into finally covering, which created epic runs. It may sound crazy to highlight some of these examples, but check out the charts and price volume activity for yourself and you’ll see that there’s very little resistance from Siyata’s Oct 21 intra-day high of $2.92 per share to the next resistance levels, which appear that they might be around $15 and $25.
Following the revenue news, Siyata traded over 5.9 million shares, on Friday, which is more than Siyata’s reported outstanding shares and a sign that the shorts have a large number of shares that they need to still buy back in Siyata’s market and that there may be some trades that haven’t yet settled, so look for a potential squeeze rebound.
Profitability- Few milestones fuel a short squeeze better than a young tech company achieving profitability.
“We are optimistic about our outlook going forward with the goal of reaching profitability in the coming quarters. We have a pipeline of exciting new sales opportunities, and we are well positioned with ample inventory to meet demand. Further, 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.” Marc Seelenfreund- Siyata CEO
As you know, innovative tech companies should trade at a premium, especially when they’re about to turn profitable. So, if Siyata continues to execute its business plan, this will be one that you don’t want to miss!
Click here to review Siyata Mobile’s investor presentation or here to visit Siyata’s website.
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