Announcement • Oct 04
Core Gaming, Inc completed the acquisition of Siyata Mobile Inc. (NasdaqCM:SYTA) in a reverse merger transaction. Core Gaming, Inc. signed a definitive merger agreement to acquire Siyata Mobile Inc. (NasdaqCM:SYTA) for $160 million in a reverse merger transaction on February 26, 2025. In exchange for the outstanding shares of Core Gaming, Siyata will issue common shares to the shareholders of Core Gaming based on an exchange ratio calculated as $160,000,000 divided by the volume-weighted average closing price of Siyata's common shares on the Nasdaq Stock Market LLC for the 10-day trading period immediately preceding the effective time of the merger. The combined public company will be led by Mr. Aitan Zacharin, the current CEO of Core Gaming. Marc Seelenfreund, the current CEO of Siyata, will step down as the public company CEO to serve as President and lead a newly formed Push-To-Talk subsidiary of Siyata. The Board of Directors of the combined public company will consist of Marc Seelenfreund and four directors designated by Core Gaming.
Following consummation of the Merger, the Siyata Mobile Shareholders will own approximately 10% of the outstanding Siyata Mobile Common Shares and the Core Gaming Shareholders will own approximately 90% of the outstanding Siyata Mobile Common Shares immediately following the effective time of the Merger.
The transaction is subject to regulatory approval, Core Gaming shareholder approval, listing of Siyata's shares on Nasdaq, the entry into certain ancillary agreements as of the closing and the satisfaction of customary closing conditions in the merger agreement. The Board of Directors of both Siyata and Core Gaming have unanimously approved the proposed transaction, which is expected to be completed in the second quarter of 2025.
The Board of Directors of Siyata received a fairness opinion from ValueScope, LLC., a Marshall & Stevens company. Victoria Baylin of Lucosky Brookman LLP acted as legal advisor to Core Gaming. Ross Carmel of Sichenzia Ross Ference Carmel LLP acted as legal advisor to Siyata. Computershare, Inc. is acting as transfer agent for Siyata shares.
Core Gaming, Inc completed the acquisition of Siyata Mobile Inc. (NasdaqCM:SYTA) in a reverse merger transaction on October 3, 2025. Upon completion of the transaction the combined company is named as Core AI Holdings, Inc and new symbol as CHAI. Aitan Zacharin will serve as CEO of Core AI
Holdings Marc Seelenfreund will serve as President of Siyata PTT Inc. Breakeven Date Change • Aug 27
No longer forecast to breakeven The analyst covering Siyata Mobile no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of US$13.0m in 2027. New forecast suggests the company will make a loss of US$17.4m in 2027. Reported Earnings • Aug 17
Second quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2025 results: US$0.62 loss per share (improved from US$1,187 loss in 2Q 2024). Revenue: US$2.03m (up 7.6% from 2Q 2024). Net loss: US$3.81m (loss narrowed 71% from 2Q 2024). Revenue missed analyst estimates by 32%. Earnings per share (EPS) exceeded analyst estimates by 65%. Revenue is forecast to grow 45% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Communications industry in the US. Announcement • Aug 12
Siyata Mobile Inc. to Report Q2, 2025 Results on Aug 14, 2025 Siyata Mobile Inc. announced that they will report Q2, 2025 results After-Market on Aug 14, 2025 Reported Earnings • May 17
First quarter 2025 earnings: EPS and revenues exceed analyst expectations First quarter 2025 results: US$2.35 loss per share. Revenue: US$2.47m (up 4.7% from 1Q 2024). Net loss: US$3.79m (loss widened 36% from 1Q 2024). Revenue exceeded analyst estimates by 23%. Earnings per share (EPS) also surpassed analyst estimates by 11%. Revenue is forecast to grow 44% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Communications industry in the US. Announcement • May 12
Siyata Mobile Inc. Launches AI COMIC App Siyata Mobile Inc. announced that Core Gaming, a rising innovator in AI-driven creative technologies, who it recently signed definitive merger agreement with, successfully launched its AI COMIC App. The App utilizes a cutting-edge visual generation platform designed to revolutionize the way creators, gamers and marketers produce content. Core Gaming logo AI COMIC leverages advanced AI models to transform single photos or short video clips into high-quality visuals ranging from anime-style motion videos to hyper-realistic portraits within minutes. By bridging AI with real-world creative workflows, Core Gaming's AI COMIC is helping to define the future of visual storytelling. Aging Video Generator - Visualizes life progression from childhood to old age with AI-based transformation. To support high-performance generation at scale, Core Gaming has built a proprietary Compute Pool System, a dynamic, cloud-based infrastructure that intelligently distributes AI workloads in real time. This elastic system scales processing resources on demand, optimizing efficiency while keeping costs manageable. AI COMIC's impact on game development is equally transformative, offering tools that dramatically streamline asset creation: Automated Scene Design in both photo realistic and stylized formats. Instant Character Modeling with customizable expressions, costumes, and poses. AI-Powered Animation Sequences without the need for manual keyframing or motion capture. Fast Ad Creative Generation tailored for high-performance marketing campaigns. These innovations drastically reduce production time and labor costs, enabling game studios and creative teams to iterate faster and focus more on storytelling and gameplay innovation. Underpinning the platform is a powerful tech stack, including: Multimodal Generative Models that blend text, image, and motion into cohesive outputs. BigP Backend System, which precisely manages GPU loads and AI task orchestration. Real-Time Cloud Orchestration, ensuring optimal compute usage and seamless performance. Reported Earnings • Apr 01
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: US$155 loss per share. Revenue: US$11.6m (up 41% from FY 2023). Net loss: US$25.3m (loss widened 95% from FY 2023). Revenue missed analyst estimates by 16%. Earnings per share (EPS) also missed analyst estimates by 33%. Revenue is forecast to grow 34% p.a. on average during the next 2 years, compared to a 7.7% growth forecast for the Communications industry in the US. Announcement • Mar 28
Siyata Mobile Inc. to Report Q4, 2024 Results on Mar 31, 2025 Siyata Mobile Inc. announced that they will report Q4, 2024 results After-Market on Mar 31, 2025 Announcement • Feb 27
Core Gaming, Inc. signed a definitive merger agreement to acquire Siyata Mobile Inc. (NasdaqCM:SYTA) for $160 million in a reverse merger transaction. Core Gaming, Inc. signed a definitive merger agreement to acquire Siyata Mobile Inc. (NasdaqCM:SYTA) for $160 million in a reverse merger transaction on February 26, 2025. In exchange for the outstanding shares of Core Gaming, Siyata will issue common shares to the shareholders of Core Gaming based on an exchange ratio calculated as $160,000,000 divided by the volume-weighted average closing price (VWAP) of Siyata's common shares on the Nasdaq Stock Market LLC for the 10-day trading period immediately preceding the effective time of the merger. The combined public company will be led by Mr. Aitan Zacharin, the current CEO of Core Gaming. Marc Seelenfreund, the current CEO of Siyata, will step down as the public company CEO to serve as President and lead a newly formed Push-To-Talk subsidiary of Siyata. The Board of Directors of the combined public company will consist of Marc Seelenfreund and four directors designated by Core Gaming. Legacy Siyata shareholders shall have the right to receive a stock dividend within six months after the merger so that they will own a minimum of 10% of the combined entity.
The transaction is subject to regulatory approval, Core Gaming shareholder approval, listing of Siyata's shares on Nasdaq and the satisfaction of customary closing conditions in the merger agreement. The Board of Directors of both Siyata and Core Gaming have unanimously approved the proposed transaction, which is expected to be completed in the second quarter of 2025. The Board of Directors of Siyata received a fairness opinion from ValueScope, LLC., a Marshall & Stevens company. Victoria Baylin of Lucosky Brookman LLP acted as legal advisor to Core Gaming. Ross Carmel of Sichenzia Ross Ference Carmel LLP acted as legal advisor to Siyata. Computershare, Inc. is acting as transfer agent for Siyata shares. Breakeven Date Change • Dec 31
Forecast to breakeven in 2027 The analyst covering Siyata Mobile expects the company to break even for the first time. New forecast suggests the company will make a profit of US$14.1m in 2027. Average annual earnings growth of 50% is required to achieve expected profit on schedule. Reported Earnings • Nov 17
Third quarter 2024 earnings: EPS exceeds analyst expectations Third quarter 2024 results: US$0.40 loss per share (improved from US$130 loss in 3Q 2023). Revenue: US$5.86m (up 218% from 3Q 2023). Net loss: US$626.3k (loss narrowed 66% from 3Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 76%. Revenue is forecast to grow 54% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Communications industry in the US. Announcement • Oct 22
Siyata Mobile Inc. to Report Q3, 2024 Results on Nov 14, 2024 Siyata Mobile Inc. announced that they will report Q3, 2024 results After-Market on Nov 14, 2024 Announcement • Sep 30
Siyata Mobile Inc. has withdrawn its Follow-on Equity Offering in the amount of $10 million. Siyata Mobile Inc. has withdrawn its Follow-on Equity Offering in the amount of $10 million.
Security Name: Common Shares
Security Type: Common Stock
Security Name: Pre-Funded Warrants
Security Type: Equity Warrant Announcement • Sep 06
Siyata Mobile Inc. Appoints Campbell Becher to the Board of Directors Siyata Mobile Inc. has appointed Campbell Becher to the Siyata board of directors effective September 1, 2024. Becher fills the board seat vacated by Stephen Ospalak who resigned earlier. Becher currently serves as the chief executive officer of IberAmerican Lithium. Becher has more than 20 years of experience in investment banking, including the founding of Byron Capital Markets, where he served as CEO and led its sponsorship of the Electric Metals Conference for several years and sponsored the Industrial Minerals World Lithium Conference. Becher currently serves as a board member at Royal Helium Ltd. and Strategic Minerals Europe Corp. He previously served as a Managing director at Haywood Securities Inc. Reported Earnings • Aug 19
Second quarter 2024 earnings: EPS and revenues miss analyst expectations Second quarter 2024 results: US$119 loss per share. Revenue: US$1.89m (down 30% from 2Q 2023). Net loss: US$12.9m (loss widened 454% from 2Q 2023). Revenue missed analyst estimates by 37%. Earnings per share (EPS) also missed analyst estimates by 169%. Revenue is forecast to grow 53% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Communications industry in the US. Breakeven Date Change • Aug 18
No longer forecast to breakeven The analyst covering Siyata Mobile no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of US$10.2m in 2026. New forecast suggests the company will make a loss of US$6.30m in 2026. New Risk • Aug 16
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 3 years. Trailing 12-month net loss: US$11m Forecast net loss in 3 years: US$1.3m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (20% average weekly change). Shareholders have been substantially diluted in the past year (432% increase in shares outstanding). Market cap is less than US$10m (US$187.1k market cap). Minor Risk Currently unprofitable and not forecast to become profitable over next 3 years (US$1.3m net loss in 3 years). Announcement • Aug 16
Siyata Mobile Inc. has completed a Follow-on Equity Offering in the amount of $3.977269 million. Siyata Mobile Inc. has completed a Follow-on Equity Offering in the amount of $3.977269 million.
Security Name: Common Shares
Security Type: Common Stock
Securities Offered: 80,000
Price\Range: $1.7
Discount Per Security: $0.034
Security Name: Pre-Funded Warrants
Security Type: Equity Warrant
Securities Offered: 2,272,940
Price\Range: $1.69
Discount Per Security: $0.0338 Announcement • Aug 13
Siyata Mobile Inc. to Report Q2, 2024 Results on Aug 15, 2024 Siyata Mobile Inc. announced that they will report Q2, 2024 results After-Market on Aug 15, 2024 Announcement • Aug 03
Siyata Mobile Inc. has filed a Follow-on Equity Offering. Siyata Mobile Inc. has filed a Follow-on Equity Offering.
Security Name: Common Shares
Security Type: Common Stock
Security Name: Pre-Funded Warrants
Security Type: Equity Warrant Announcement • Jul 19
Siyata Mobile Appoints TJ Kennedy to Its Advisory Board Siyata Mobile Inc. announced that it has added TJ Kennedy to its Advisory Board. Mr. Kennedy previously held the role of President of the First Responder Network Authority (FirstNet), which oversees the nationwide public safety broadband network in the United States. Mr. Kennedy is a Venture Advisor for AI Fund, a team of AI pioneers, proven entrepreneurs, seasoned operators and venture capitalists that collaborates with leading entrepreneurs to solve big challenges using artificial intelligence. He is a Board Member at the public safety drone company Echelon AI. He has previously served as CEO and as a board director of WRAP Technologies, a global provider of public safety solutions, where he created a strategic roadmap with a focus on improved pricing and profitability, right sized expenses and successfully grew gross profit year over year by 87%. Prior to that, he served in senior leadership roles, including as CEO, primarily for companies operating in the public safety space. Announcement • Jun 08
Siyata Mobile Inc. has filed a Follow-on Equity Offering. Siyata Mobile Inc. has filed a Follow-on Equity Offering.
Security Name: Common Shares
Security Type: Common Stock
Security Name: Pre-Funded Warrants
Security Type: Equity Warrant Announcement • May 24
Siyata Mobile Provides Additional Update on Its AI-Powered PTT Device Following the release on May 21, 2024, Siyata Mobile Inc. announced further clarity on its recently introduced SD7 Wired Palm Mic Pro with AI Noise Cancellation. This innovative device, designed for use with the Company's SD7 Handset, now includes features that extend its functionality beyond simple noise cancellation. The SD7 Wired Palm Mic Pro leverages advanced AI to adjust and compensate microphone levels, ensuring that only the human voice is isolated and transmitted, while background noises—whether stationary or dynamic—are effectively suppressed. This sophisticated technology also normalizes voice levels, maintaining smooth conversation quality regardless of the speaker's proximity to the microphone. The Company also offers a VK7 Wired Palm Mic Pro with AI Noise Cancelation, so that this same innovative noise cancelation is available for first responder vehicles, and for enterprise vehicles with the Siyata VK7 Vehicle Kit. Potential Applications for the New Features: Loud concert halls for security and support staff; Construction sites with heavy machinery; Road crews working in noisy traffic environments; Mining vehicles engaged in ore extraction; First responder vehicles during emergency situations with active sirens. Major Estimate Revision • May 23
Consensus revenue estimates increase by 10% The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from US$13.1m to US$14.4m. EPS estimate unchanged from -US$10.67 at last update. Communications industry in the US expected to see average net income growth of 48% next year. Consensus price target of US$6.98 unchanged from last update. Share price fell 24% to US$1.93 over the past week. Announcement • May 23
Siyata Mobile Inc. Introduces SD7 Wired Palm Mic Pro with AI Noise Cancellation for Use with its SD7 Handset Siyata Mobile Inc. introduced the SD7 Wired Palm Mic Pro with AI Noise Cancellation for use with the Company's SD7 Handset. The integrated AI-Active Noise Cancellation Microphone is a technologically advanced innovation, delivering clearer audio than today's Remote Speaker Mic's (RSM's) which often use two microphones. Workers who work in noisy environments such as first responders, construction crews, roads crews, mining workers, and manufacturing staff will all benefit by using this new accessory with the SD7 Handset to help them communicate more clearly. Wired Palm Mic Pro with AI Noise Cancellation Specifications: AI Active ENC RSM; Noise pick-up: AI deep learning technologies; Noise reduction: in far-field & extremely noisy environments; Power from Radio: 5V-9V; Optional inside battery Charging version; Power consumption: ANC TX: 25mA, RSM: 0.5-1.5W; Speaker: 40mm 108dB @10cm maximum; Cable: Diameter: 5.0 mm; Plug: M5 connector; Length: 26/25/26 cm. The Wired Palm Mic Pro with AI Noise Cancellation is available for order from May 21, 2024. Reported Earnings • May 19
First quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2024 results: US$4.90 loss per share (improved from US$57.76 loss in 1Q 2023). Revenue: US$2.36m (up 31% from 1Q 2023). Net loss: US$2.80m (loss narrowed 43% from 1Q 2023). Revenue exceeded analyst estimates by 134%. Earnings per share (EPS) missed analyst estimates by 2.5%. Revenue is forecast to grow 43% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Communications industry in the US. Announcement • May 17
Siyata Mobile Inc. to Report Q1, 2024 Results on May 15, 2024 Siyata Mobile Inc. announced that they will report Q1, 2024 results After-Market on May 15, 2024 Announcement • Apr 16
Siyata Mobile Inc. has filed a Follow-on Equity Offering in the amount of $4 million. Siyata Mobile Inc. has filed a Follow-on Equity Offering in the amount of $4 million.
Security Name: Common Shares
Security Type: Common Stock Breakeven Date Change • Apr 12
Forecast breakeven date pushed back to 2026 The 2 analysts covering Siyata Mobile previously expected the company to break even in 2025. New consensus forecast suggests losses will reduce by 37% per year to 2025. The company is expected to make a profit of US$11.0m in 2026. Average annual earnings growth of 58% is required to achieve expected profit on schedule. Major Estimate Revision • Apr 11
Consensus revenue estimates decrease by 19% The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from US$16.0m to US$13.0m. EPS estimate unchanged from -US$9.67 per share at last update. Communications industry in the US expected to see average net income growth of 40% next year. Consensus price target of US$6.98 unchanged from last update. Share price was steady at US$3.23 over the past week. Announcement • Apr 06
Siyata Mobile Inc. to Report Q4, 2023 Results on Apr 08, 2024 Siyata Mobile Inc. announced that they will report Q4, 2023 results at 4:00 PM, US Eastern Standard Time on Apr 08, 2024 Reported Earnings • Apr 04
Full year 2023 earnings: Revenues miss analyst expectations Full year 2023 results: Revenue: US$8.23m (up 27% from FY 2022). Net loss: US$12.9m (loss narrowed 16% from FY 2022). Revenue missed analyst estimates by 7.5%. Revenue is forecast to grow 38% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Communications industry in the US. Major Estimate Revision • Nov 24
Consensus revenue estimates decrease by 16%, EPS upgraded The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from US$10.5m to US$8.85m. EPS estimate increased from -US$17.14 to -US$12.48 per share. Communications industry in the US expected to see average net income growth of 26% next year. Consensus price target down from US$12.41 to US$8.00. Share price rose 7.1% to US$0.44 over the past week. Reported Earnings • Nov 17
Third quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2023 results: US$1.04 loss per share. Revenue: US$1.84m (down 28% from 3Q 2022). Net loss: US$1.86m (loss widened 251% from 3Q 2022). Revenue missed analyst estimates by 37%. Earnings per share (EPS) exceeded analyst estimates by 58%. Revenue is forecast to grow 50% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Communications industry in the US. Announcement • Nov 14
Siyata Mobile Inc. to Report Q3, 2023 Results on Nov 16, 2023 Siyata Mobile Inc. announced that they will report Q3, 2023 results Pre-Market on Nov 16, 2023 Announcement • Nov 01
Siyata Mobile Inc. has completed a Follow-on Equity Offering in the amount of $1.5547 million. Siyata Mobile Inc. has completed a Follow-on Equity Offering in the amount of $1.5547 million.
Security Name: Common Shares
Security Type: Common Stock
Securities Offered: 1,870,000
Price\Range: $0.65
Discount Per Security: $0.0455
Security Name: Pre-Funded Warrants
Security Type: Equity Warrant
Securities Offered: 530,000
Price\Range: $0.64
Discount Per Security: $0.0448 Announcement • Aug 25
Siyata Mobile Regains Compliance with Nasdaq Minimum Bid Price Requirement Siyata Mobile Inc. announced that it has received formal notice from The Nasdaq Stock Market LLC stating that the Company has regained compliance with the minimum bid price requirement in Nasdaq Listing Rule 5550(a)(2) for continued listing on The Nasdaq Stock Market. The notice indicated that, as a result of the closing bid price of the Company's common share having been $1.00 per share or greater for at least ten consecutive business days, from August 9, 2023 through August 22, 2023, the Company has regained compliance with Nasdaq Listing Rule 5550(a)(2) and the matter has been closed. Reported Earnings • Aug 16
Second quarter 2023 earnings: EPS and revenues exceed analyst expectations Second quarter 2023 results: US$0.03 loss per share (improved from US$29.41 loss in 2Q 2022). Revenue: US$2.71m (up 180% from 2Q 2022). Net loss: US$2.33m (loss narrowed 46% from 2Q 2022). Revenue exceeded analyst estimates by 7.3%. Earnings per share (EPS) also surpassed analyst estimates by 39%. Revenue is forecast to grow 45% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Communications industry in the US. Announcement • Aug 11
Siyata Mobile Inc. Announces Board Changes Siyata Mobile Inc. has appointed Gary Herman as a member of its Board of Directors, effective immediately. Herman replaces Michael Kron, whom the Company deeply thanks for his service and commitment. Mr. Herman has several decades of experience as a sophisticated public company investor, fund manager and investment banker. Over the course of his career, he has served on both public and private company boards of directors and has also been a corporate officer, capital raiser, and restructuring specialist. Mr. Herman currently serves on the Board of Jupiter Wellness Inc.; XS Financial Inc., and SusGlobal Energy Corp. Board Change • Aug 10
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Lourdes Felix was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Aug 03
Siyata Mobile Inc. to Report Q2, 2023 Results on Aug 15, 2023 Siyata Mobile Inc. announced that they will report Q2, 2023 results on Aug 15, 2023 Announcement • Jul 04
Siyata Announces Nasdaq Delisting Notice and Nasdaq Appeal Siyata Mobile Inc. announced receipt of a Staff Delisting Determination dated June 30, 2023 (the "Staff Determination") from the Listing Qualifications Department of the Nasdaq Stock Market, LLC ("Nasdaq"). The Company was notified that Nasdaq has determined to delist the Company's common shares, no par value per share ("Common Shares"), from the Nasdaq Capital Market for failure to maintain, pursuant to Nasdaq Listing Rule 5810 (the "Low Price Stocks Rule"), a minimum bid price of $0.10 per share for a period of 10 consecutive trading days starting on June 15, 2023. The Company intends to appeal the Staff Determination by requesting a hearing (the "Hearing") before a Nasdaq Hearings Panel (the "Panel") which will stay the delisting of the Company's Common Shares pending the Panel's decision. According to the Staff Determination, hearings are typically scheduled to occur approximately 30-45 days after the date of a company's hearing request. The Company is also currently subject to a delisting determination pursuant to Nasdaq Rule 5550(a)(2) (the "Minimum Bid Price Rule"), resulting from the fact that the closing bid price of the Company's Common Shares was below $1.00 per share for a period of thirty consecutive trading days. On February 23, 2023, the Company received written notification from the Listing Qualifications Department of Nasdaq granting the Company's request for a 180-day extension to regain compliance with Nasdaq's Minimum Bid Price Rule. The Company now has until August 21, 2023 to meet this requirement. The Company's plan is to effect compliance with the Low Price Stocks Rule and the Minimum Bid Price Rule by effecting a reverse stock split. The Company will hold its Annual General Meeting of shareholders on August 3, 2023 and will request that its shareholders approve the proposal to authorize the reverse stock split at a ratio, determined by its Chief Executive Officer, that will result in the Common Shares trading above $1.00 per share. Assuming that the Company submits its request for a hearing within the allotted time, Nasdaq's delisting determination with respect to the Low Price Stocks Rule will have no immediate effect on the listing or trading of the Company's Common Shares, which will continue to trade on the Nasdaq Capital Market under the symbol "SYTA." There can be no assurance that the Panel will determine to continue to allow the listing of the Company's Common Shares on the Nasdaq Capital Market, or that the Company will consummate a reverse stock split or any other transaction, that will effect compliance with the Minimum Bid Price Rule and the Low Price Stocks Rule. Announcement • Jun 28
Siyata Mobile Inc., Annual General Meeting, Aug 03, 2023 Siyata Mobile Inc., Annual General Meeting, Aug 03, 2023. Announcement • Jun 15
Siyata Mobile Launches New Mobile Command Center Unit Siyata Mobile Inc. launched its latest product, the Siyata Mobile Command Center, an all-in-one, mobile communications solution with built-in redundancy primarily for providers of Emergency Management Services ("EMS") that need to set up a mobile telecommunications command center in the field. The Siyata Mobile Command Center is a comprehensive communications solution that is self-contained in a ruggedized suitcase. It contains a ruggedized industrial PC with two LCD displays built right into the case, two routers with up to six SIM card slots for redundancy to ensure consistent internet connectivity during emergencies, Siyata's UV350 device for PoC calls and regular cellular calls, as well as a DMR UHF mobile radio for radio push-to-talk calls. Major Estimate Revision • Jun 01
Consensus revenue estimates fall by 30% The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from US$14.9m to US$10.4m. Forecast losses increased from -US$0.24 to -US$0.26 per share. Communications industry in the US expected to see average net income growth of 17% next year. Consensus price target down from US$2.61 to US$0.75. Share price fell 33% to US$0.09 over the past week. Reported Earnings • May 17
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: US$0.73 loss per share (improved from US$4.87 loss in FY 2021). Revenue: US$6.48m (down 14% from FY 2021). Net loss: US$15.3m (loss narrowed 35% from FY 2021). Revenue missed analyst estimates by 8.4%. Earnings per share (EPS) also missed analyst estimates by 48%. Revenue is forecast to grow 40% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Communications industry in the US. Announcement • Jan 10
Siyata's Next Generation Push-To-Talk over Cellular Sd7 Device to Be Launched Across T-Mobile IoT Data Network Siyata Mobile Inc. announced that T-Mobile US Inc. will launch Siyata's rugged SD7 device onto its Internet of Things (IoT) data network. T-Mobile is expected to begin selling the SD7 to its broad enterprise customer base beginning in the Company's first quarter of 2023. The SD7 was developed to disrupt and replace the multi-billion-dollar Land Mobile Radio (LMR) industry. The SD7 brings communications into the 21st century and provides the Company's first responder and enterprise clients a simple, easy-to-use rugged, Android-based, Push-To-Talk device with excellent sound quality that operates over the high-bandwidth 4G LTE network, providing consistent connectivity across the US. Its IP68 rating, resistance to water and dust, drop protection and robust battery make it well suited for use in harsh environments. Importantly, there is no need to invest in infrastructure such as radio towers or repeaters. Major Estimate Revision • Nov 17
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast fell from US$10.0m to US$8.02m. EPS estimate increased from -US$1.17 to -US$0.69 per share. Communications industry in the US expected to see average net income growth of 23% next year. Consensus price target down from US$7.07 to US$2.50. Share price rose 53% to US$0.17 over the past week. Breakeven Date Change • Nov 16
Forecast to breakeven in 2024 The 2 analysts covering Siyata Mobile expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 30% per year to 2023. The company is expected to make a profit of US$5.48m in 2024. Average annual earnings growth of 62% is required to achieve expected profit on schedule. Reported Earnings • Nov 13
Third quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2022 results: US$0.032 loss per share (improved from US$1.18 loss in 3Q 2021). Revenue: US$2.57m (up 111% from 3Q 2021). Net loss: US$527.9k (loss narrowed 91% from 3Q 2021). Revenue missed analyst estimates by 11%. Earnings per share (EPS) exceeded analyst estimates by 90%. Revenue is forecast to grow 48% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Communications industry in the US. Major Estimate Revision • Nov 09
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast fell from US$10.7m to US$9.88m. 2022 losses expected to reduce from -US$1.15 to -US$0.93 per share. Communications industry in the US expected to see average net income growth of 24% next year. Consensus price target up from US$4.93 to US$6.96. Share price fell 8.5% to US$0.12 over the past week. Breakeven Date Change • Oct 16
Forecast to breakeven in 2024 The 2 analysts covering Siyata Mobile expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 35% per year to 2023. The company is expected to make a profit of US$5.48m in 2024. Average annual earnings growth of 63% is required to achieve expected profit on schedule. Reported Earnings • Oct 16
First half earnings released Over the last 12 months the company has reported total losses of CA$8.03m, with losses narrowing by 47% from the prior year. Total revenue was CA$14.0m over the last 12 months, up 28% from the prior year.