Update 10:49 AM EDT- Siyata on the Move, Up Over 12% With News Out!
Siyata Launches Next Generation Push-to-Talk Over Cellular SD7 Device on Verizon Global Network – Full Release
Low float, trading in a tight range since February, 16% of the float sold short with 100% utilization. (Data from ortex.com)
Siyata Mobile (SYTA) Has the Products and a Management Team Ready to Penetrate the $50B PoC Telecommunications Industry
Orders from tier one US wireless operators has begun.
Siyata has been trading in a very tight range since February, 2022 and we think could be on the verge of a technical breakout.
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 $1.11/share (as of market close 6-6-22)
SYTA is one of the small cap companies that has stayed under the radar of many investors, but all indications are that they are about to become much better known. Operating in the massive telecommunications sector is tough, the competition is comprised of some huge companies, but SYTA has developed a product line that seems superior in their niche within the sector.
Why I like STYA and think a near term bounce is at hand:
Shares are trading 23% off their recent (March) high.
Trading below book value.
Global in scope, operating in the United States, Canada, Europe, Australia, and Middle East.
Offering a comprehensive portfolio of products in the PoC communications market.
Working with top channel and distribution partners like Verizon and AT&T.
Siyata is disrupting the legacy 2-way radio industry.
The total addressable market for SYTA products is $50B.
SYTA is cashing in on the transformation taking place in first responder, public transportation, and commercial vehicle communications. For many decades, the method of communication for those customers was the 2-way radio, a limited method. After 9-11, the U.S. government gave AT&T $100M to create FirstNet, a high bandwidth 4G LTE network designed for first responders, which became operational in 2012. The transition from 2-way radios to the new Push-to-Talk Over Cellular (PoC) technology has been gradual but is now hitting full stride.
SYTA has jumped into the PoC market with both feet, discontinuing their legacy products and placing their full focus on their new state of the art product line. In Q122 the company advised it received a $2.2M order from a “Tier 1 US wireless operator” for SD7 & VK7 units (see below) and that’s an effective way to start a transition.
SYTA statistics:
FYE December 31
Mrq reported March 31, 2022
Outstanding shares 14.2M
Shares in float 11.7M
Cash (mrq) $9.2M
Book value (mrq) $1.20/share
Revenues (FYE21) $7.5M
As part of your due diligence, I urge you to view this recent video interview with CEO Marc Seelenfreund. Also look at this comprehensive company presentation that is posted on the company website and note the vast experience of the management team within the telecommunication industry.
The inherent strength of the company lies in their products that have been specifically designed and manufactured for First Responders and others operating in rugged environments. SYTA operates with three product categories within the FirstNet market:
Phones – The Siyata SD7, the Uniden CR7, the Uniden UR5. The Siyata phones have all the benefits of push to talk over cellular with the same usability as a traditional two-way radio. Led by the new SD7 with rugged construction designed to protect against dust and debris with clear communication in the presence of background noise.
In vehicle units- Siyata VK7, Uniden UV350, Uniden CP250. This segment is led by the recently launched, first in class, innovative in-car VK7 solution that pairs with their SD7 phone.
Signal boosters- Uniden U60C, Uniden U70P. If your home, office building or operations are in an area plagued with weak cellular signal making it difficult to have a mobile phone conversation or to use mobile data, then a Uniden® Cellular Signal Booster is the answer.
This week SYTA shares crossed their SMA20 of $1.07 and hit their SMA50 of $1.12/share before landing at the current price. The chart below not only indicates the beating that small cap tech stocks experienced this year but indicates several bounces from the bottoms indicated.
About Siyata
Siyata Mobile Inc. is a B2B global vendor of next generation Push-To-Talk over Cellular (PoC) devices and cellular booster systems. Its portfolio of in-vehicle and rugged smartphones enable first responders and enterprise workers to instantly communicate, over a nationwide cellular network of choice, to increase situational awareness and save lives. Its portfolio of enterprise grade and consumer cellular booster systems enables first responders and enterprise workers to amplify cellular signal in remote areas, inside buildings where signals are weak and within vehicles for the maximum cellular signal strength possible.
We will be back with more soon,
The Traders News Team |