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Siyata Mobile Inc
Symbol SIM
Shares Issued 72,774,169
Close 2017-07-07 C$ 0.59
Market Cap C$ 42,936,760
Recent Sedar Documents

Siyata Mobile's Q2 2017 revenues at $5.2-million

2017-07-10 10:26 ET - News Release

Mr. Marc Seelenfreund reports

SIYATA MOBILE REPORTS REVENUE OF $5.2M IN Q2 2017, A 150% INCREASE OVER Q2 2016 AND 4TH CONSECUTIVE QUARTER OF RECORD SALES

Siyata Mobile Inc. posted record sales of $5.2-million in revenue for the second quarter of 2017. This represents an approximately 150-per-cent increase over the company's Q2 2016 sales and an increase of approximately 7 per cent over Q1 2017 as well as a fourth consecutive quarter of sales growth.

Marc Seelenfreund, chief executive officer and chairman of Siyata, stated: "This was a record quarter for Siyata and a dramatic increase over Q2 2016. We have only begun to realize our large-scale market potential and are excited from the major opportunities that we are working on in North America."

According to the U.S. Department of Transportation, in 2015, there were over 12 million fleet vehicles in the United States. Siyata aims to be the leading provider of connected vehicle and mobile hardware solutions as these commercial fleets upgrade their communication platforms to be compatible with next-generation networks, PoC (push-to-talk over cellular) solutions and other software applications.

The company will announce its Q2 2017 results before the end of August, 2017.

About Siyata Mobile Inc.

Siyata is a leading global developer and provider of cellular communications systems for enterprise customers, specializing in connected vehicle products for professional fleets, marketed under the Uniden Cellular brand.

Siyata also offers rugged phones for industrial users and signal boosters for homes, buildings and fleets with poor cell coverage.

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