When Will Siyata Mobile Inc. (NASDAQ:SYTA) Turn A Profit?

Siyata Mobile Inc. (NASDAQ:SYTA) is possibly approaching a major achievement in its business, so we would like to shine some light on the company. Siyata Mobile Inc. develops and offers cellular-based communications platform. The US$815k market-cap company posted a loss in its most recent financial year of US$13m and a latest trailing-twelve-month loss of US$11m shrinking the gap between loss and breakeven. Many investors are wondering about the rate at which Siyata Mobile will turn a profit, with the big question being “when will the company breakeven?” Below we will provide a high-level summary of the industry analysts’ expectations for the company.

See our latest analysis for Siyata Mobile

Consensus from 2 of the American Communications analysts is that Siyata Mobile is on the verge of breakeven. They anticipate the company to incur a final loss in 2025, before generating positive profits of US$11m in 2026. Therefore, the company is expected to breakeven roughly 2 years from today. In order to meet this breakeven date, we calculated the rate at which the company must grow year-on-year. It turns out an average annual growth rate of 59% is expected, which is extremely buoyant. Should the business grow at a slower rate, it will become profitable at a later date than expected.

Given this is a high-level overview, we won’t go into details of Siyata Mobile's upcoming projects, but, keep in mind that generally a high forecast growth rate is not unusual for a company that is currently undergoing an investment period.

One thing we’d like to point out is that The company has managed its capital prudently, with debt making up 6.8% of equity. This means that it has predominantly funded its operations from equity capital, and its low debt obligation reduces the risk around investing in the loss-making company.

Next Steps:

There are key fundamentals of Siyata Mobile which are not covered in this article, but we must stress again that this is merely a basic overview. For a more comprehensive look at Siyata Mobile, take a look at Siyata Mobile's company page on Simply Wall St. We've also compiled a list of pertinent aspects you should further examine:

1. Historical Track Record: What has Siyata Mobile's performance been like over the past? Go into more detail in the past track record analysis and take a look at the free visual representations of our analysis for more clarity.
2. Management Team: An experienced management team on the helm increases our confidence in the business – take a look at who sits on Siyata Mobile's board and the CEO’s background.
3. Other High-Performing Stocks: Are there other stocks that provide better prospects with proven track records? Explore our free list of these great stocks here.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com