Financial Performance1Q24 results beat on strong rugged device sales with revenue of $2.4M, up 31% y/y, and above estimates driven by rugged devices & accessories sales of $2.1M, up 56% y/y.
Gross MarginStrong gross margin of 36.6%, which was well-above estimates and normalized historical levels of ~30% due to product mix and higher-margin channel sales.
Strategic PartnershipsSYTA has relationships with all major US carriers, including T-Mobile, AT&T, Verizon, UScellular, and more internationally.