Siyata Mobile (SYTA) Sales are Ramping Including a Recent Order from the U.S. Navy

Siyata Mobile (SYTA) Sales are Ramping Including a Recent Order from the U.S. Navy
Trading at .14/share, RSI 14 sitting at 26.7, approx. 34M shares outstanding, trading below cash, book and sales. Analyst price target of $5/share.

Good day everyone,

Siyata Mobile Inc. (NASDAQ: SYTA) is a B2B global vendor of next generation Push-To-Talk over Cellular (PoC) devices and cellular booster systems.

Current price $.1425/share (at market close 10-25-22)

The current value at SYTA presents an opportunity at a time when the company is stronger than it’s ever been. Analysts have projected a growth rate of 63% for SYTA over the next two years.

“We are now experiencing a substantial ramp of volume purchases of our unique SD7 in the third quarter. We are very pleased to see these deliveries are occurring across a broad array of customers,” said Siyata CEO Marc Seelenfreund.

SYTA recently announced that it has received a purchase order from a federal government contractor who will provide Uniden® cellular booster kits and accessories to the U.S. Navy. The order includes the Uniden® U70P Cellular Booster Kits and accessories that will be utilized for numerous naval buildings with poor cell phone signal reception.

This order may create new opportunities for SYTA within the U.S. military.

SYTA has acted to help protect our schools in these troubling times of threats against our school-aged children. SYTA’s SD7 push-to-talk device is now integrated with CrisisGo Inc.’s Panic App, giving teachers instant access to first responders with a single push of a button. Integrated SoS communication improves response times and public safety during times of school community crisis.

The combined systems provide a seamless communication line between teachers, police, ambulance, and fire departments for clear communication amongst all involved during emergencies. There are nearly 100,000 public schools in the U.S.

On October 12, 2022, SYTA closed a private share sale netting the company approximately $4.0M. Under the terms of the securities purchase agreement, Siyata sold 15,810,000 common shares and 1,590,000 pre-funded warrants. In a private placement, which was consummated concurrently with the offering, Siyata issued warrants to purchase up to an aggregate of 17,400,000 common shares. The warrants are immediately exercisable, expire 5 years from the date of issuance and have an exercise price of $0.23 per common share.

SYTA Statistics: 

FYE is December 31 – MRQ is June 30, 2022

Outstanding shares         33.6M
Shares in float                    32.98M
Cash (mrq)                          $4.05M
Revenue (ttm)                  $4.96M
Book price                           $.69/share

We will be back with more on SYTA later today.

The Traders News Group

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