With Advanced Cellular Products and a Line Up of Big-Name Distribution Channels Siyata Mobile (SYTA) Looks Good for a Monster H2
Oversold and a price under book value indicate SYTA shares may have an inevitable swing near term.
Good day everyone,
I’ve been reporting in the past about new products from Siyata Mobile Inc. (NASDAQ: SYTA), a B2B global vendor of next generation Push-To-Talk over Cellular (PoC) devices and cellular booster systems and it looks like the company shares are currently priced at a level that’s ready to bounce.
Current price $.96/share (as of market close 7-18-22)
The new Push-To-Talk over Cellular (PoC) devices, operating on the FirstNet 4G system designed for first responders and commercial use, are taking over the realm of two-way radios and SYTA is a leader in that market.
I’ve reported in the past about SYTA making the decision to transition from its legacy products to focus on the new PoC devices and cellular boosters they were developing. Those new products are now in the market, and I want to update you on the company’s progress.
You’ve heard me talk about their new Push-To-Talk over Cellular (PoC) device, the SD7, since it was in development. Now this product, and accessories, have come to market, and I want to discuss the ‘full court press” marketing and distribution campaign the company has engaged in.
SYTA is a developer and distributor of advanced rugged smartphones, in-vehicle mounted IoT cellular communications devices and cellular signal boosters for global first responders and enterprise customers based on Push-to-TalkOverCellular (PoC) technology.
New agreements with some of the world’s leading distribution channels recently announced:
July 18, 2022 – Azetti Networks, a leading provider of competitive carrier-grade platforms and services for mobile operators in Europe and Latin America. Azetti is rapidly expanding operations globally including Asia, Africa, and Australia. Its impressive and growing list of clients includes TiGo, Sao Paulo Metro, Vodafone, and Orange.
July 13, 2022 – Logic Wireless, a leading distributor of business-critical communication solutions across the United Kingdom, Australia, New Zealand and the Pacific Islands. The Siyata SD7 rugged PoC device is integrated with ChatterPTT, the Logic Wireless’s mobile application and gateway solution that intelligently enables distinct types of communication devices to communicate directly with each other.
July 6, 2022 – UScellular™ is the Fourth Largest Wireless Carrier in the United States with 4.8 million customers. UScellular™ will commence selling the SD7 to their broad enterprise customer base beginning this quarter.
June 27, 2022 – FirstNet® network and AT&T Inc.’s enterprise channels. AT&T is one of America’s largest mobile operators with 201.8 million mobility subscribers. AT&T will offer the SD7 device and accessories to their extensive U.S. enterprise customer base. AT&T has approximately three million business customers (as of Q4 2021) in verticals including: construction, energy and utility, transportation and logistics, manufacturing, government & defense, travel & hospitality.
A report by Fortune Business Insights valued the global Push-To-Talk market size at $12B in 2019 and is projected to reach $25.22 billion by 2027, exhibiting a CAGR of 10.0% during the forecast period (2020-2027).
New product offerings:
The IP67-rated SD7 Rapid Kit is a ruggedized 6-bay charging solution designed specifically for use with Siyata’s rugged SD7 PoC devices. The suitcase kit includes storage for battery adapters, integrated battery monitor, AC and DC inputs, and powers up to six batteries totaling 39,600mAh.
Siyata High Power User Equipment (HPUE) antenna, in conjunction with Assured Wireless Corporation. This unique solution is designed to be used specifically on FirstNet® that leverages 700 MHz Band 14 – the only U.S. spectrum where the highest-power HPUE equipment can be used.
Let’s look briefly at the other products SYTA has to offer, we will discuss them in more detail in a full report tomorrow:
Siyata SD7 – a highly functional and rugged Android based PTT only handset
VK7 – an in-car mounted solution that pairs with the SD7
The Uniden® UV350 – In-vehicle smartphone designed to optimize mobile communications while driving
The Uniden® CP250 – tablet style device for voice calls, navigation, data apps and built-in camera
Uniden® UR5 – Rugged handheld
Uniden® UR7 – a rugged smart phone in a clamshell form
(5) Models of Uniden cellular boosters for consumers and enterprise
SYTA statistics:
FYE is 12-31 and MRQ is 3-31-22
Outstanding shares 15.1M
Shares in float 11.9M
Revenues (FYE 2021) $7.5M
Cash (mrq) $9.2M
Book value (mrq) $1.20/share
Market cap $14.5M
I note in the chart below that SYTA shares have experienced a peak in each month of this year followed by a reset: February – $1.46, March – $1.50, April – $1.30, May – $1.48, June – $1.62. This pattern, combined with a current RSI (14) of 38.19, may be an indication that SYTA shares are currently at a bottom with a near-term bounce coming.
We will be back with more on SYTA soon,
The Team |