Scroll Top
Emerging Markets Report
Image of Siyata Mobile logo

Siyata Mobile Inc.


Details, Details | 05/18/2022 |

A recent First Quarter report for the 3 months ending March 31, 2022 from Siyata Mobile Inc. (NasdaqCM: SYTA, SYTAW), a developer and provider of cellular communications solutions for enterprise workers and first responders, may not on its face be the shimmering testament to revenue that warms shareholders’ hearts.

To its credit, however, the Company provides context in THE VERY FIRST LINE of its Q1 press release that “Q1 revenue negatively impacted due to transition from legacy product sales cycle to new product lines.”

But the big picture might be different, that the Q1 declining revenues can be assigned mostly to a seemingly singular cause, a necessary transition from legacy product cycle to new product lines.

Here’s the explanation:

“Revenues for the three months ended March 31, 2022, were $832,974 compared to $4,031,975 for the three months ended March 31, 2021. This variance of $3,199,001 is mainly due to the transition from the legacy product sales cycle to the new product line, where production has been ramped up for the SD7 rugged handset.”

Which is what we want to see in a down quarter, a rational explanation that suggests that it’s a sunburn and not skin cancer.

To that end, the most important note – for us – in that release is the fact that “Subsequent to quarter end, Siyata received a $2.2 million purchase order for a Tier 1 US wireless operator for SD7, VK7 and various accessories.”

image of Siyata SD7

We can speculate all day long, guessing who the ‘Tier 1 US wireless operator’ is but the fact that the order was for $2.2 million suggests scale.

In addition, it appears there may be more good news on the horizon to support this production ramp up for the SD7. The Company communicated to shareholders in its fourth quarter earnings call that it hopes “to deliver to shareholders many positive catalysts: new customer wins, significant carrier launches, new partnerships, a continuous upgrade to our product portfolio and ultimately strong organic growth with a drive to profitability in the coming quarters.”

About The Emerging Markets Report:
The Emerging Markets Report is owned and operated by Emerging Markets Consulting (“EMC”), a syndicate of investor relations consultants representing years of experience. Our network consists of stockbrokers, investment bankers, fund managers, and institutions that actively seek opportunities in the micro and small-cap equity markets.

Must Read OTC Markets/SEC policy on stock promotion and investor protection

Section 17(b) of the Securities Act of 1933 requires that any person that uses the mails to publish, give publicity to, or circulate any publication or communication that describes a security in return for consideration received or to be received directly or indirectly from an issuer, underwriter, or dealer, must fully disclose the type of consideration (i.e. cash, free trading stock, restricted stock, stock options, stock warrants) and the specific amount of the consideration. In connection therewith, EMC has received the following compensation and/or has an agreement to receive in the future certain compensation, as described below.


EMC has been paid $150,000 by Siyata Mobile, Inc. for various marketing services including this report. EMC does not independently verify any of the content linked-to from this editorial. | Please read our full disclaimer.

Subscribe to our newsletter for must read alerts.

By submitting this form, you are consenting to receive marketing emails from: . You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Privacy Preferences
When you visit our website, it may store information through your browser from specific services, usually in form of cookies. Please note that blocking some types of cookies may impact your experience on our website and the services we offer.