Siyata Mobile Reports Q3 2024 Results

TL;DR

Siyata Mobile (SYTA) Q3 revenue $1.1M, net loss $3.5M. Focus on sales expansion & new products.

AI Summary

On January 8, 2025, Siyata Mobile Inc. issued a press release announcing its financial results for the third quarter ended September 30, 2024. The company reported total revenue of $1.1 million, a gross profit of $0.2 million, and a net loss of $3.5 million for the quarter. Siyata Mobile Inc. also provided an update on its strategic initiatives, including the expansion of its sales team and the development of new products.

Why It Matters

This filing provides investors with a snapshot of Siyata Mobile's financial performance and strategic direction, impacting their investment decisions.

Risk Assessment

Risk Level: medium — The company reported a net loss, indicating ongoing financial challenges that could impact its future operations.

Key Numbers

• $1.1M — Q3 2024 Revenue (Indicates sales performance for the period.)
• $3.5M — Q3 2024 Net Loss (Shows the company's profitability for the period.)

Key Players & Entities

• Siyata Mobile Inc. (company) — Registrant
• January 8, 2025 (date) — Date of press release
• September 30, 2024 (date) — End of third quarter
• $1.1 million (dollar_amount) — Total revenue for Q3 2024
• $0.2 million (dollar_amount) — Gross profit for Q3 2024
• $3.5 million (dollar_amount) — Net loss for Q3 2024

FAQ

Filing Documents

• ea0227173-6k_siyata.htm (6-K) — 13KB
• ea022717301ex99-1_siyata.htm (EX-99.1) — 11KB
• ex99-1_001.jpg (GRAPHIC) — 3KB
• 0001213900-25-002128.txt ( ) — 30KB

From the Filing

OF FOREIGN PRIVATE ISSUER UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the Month of: January, 2025 Commission File Number: 001-39557 Siyata Mobile Inc. (Translation of registrant’s name into English) 7404 King George Blvd., Suite 200, King’s Cross Surrey, British Columbia V3W 1N6, Canada (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: Form 20-F Form 40-F On January 8, 2025, Siyata Mobile Inc., a British Columbia (Canada) company the (“Company”), issued a press release announcing that it has postponed its upcoming press conference, originally set for January 9, 2025, to focus on advancing an immediate business opportunity. The press conference will be rescheduled to later this month, with the new date to be announced shortly. The information and documents furnished in this Report shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section. Forward Looking Statements This Report of Foreign Private Issuer on Form 6-K contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions or variations of such words are intended to identify forward-looking statements. Because such statements deal with future events and are based on the Company’s current expectations, they are subject to various risks and uncertainties, and actual results, performance or achievements of the Company could differ materially from those described in or implied by the statements in this Report. The forward-looking “Risk Factors” in the Company’s annual report on Form 20-F filed with the Securities and Exchange Commission (“SEC”) on April 8, 2024, and in any subsequent filings with the SEC. Except as otherwise required by law, the Company undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. References and links to websites and social media have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this Report. The Company is not responsible for the contents of third party websites. 1 EXHIBIT INDEX Exhibit No. Description 99.1 Press release dated January 8, 2025. 2 Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: January 8, 2025 SIYATA MOBILE INC. By: /s/ Marc Seelenfreund Name: Marc Seelenfreund Title: Chief Executive Officer 3

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View this 6-K filing on SEC EDGAR