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Siyata Mobile (SYTA)
NASDAQ:SYTA
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Earnings Data
Report Date
May 05, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 28, 2018
|% Change Since: -46.72%
|Next Earnings Date:Aug 29, 2018
Earnings Call Sentiment|Neutral
The earnings call reported significant revenue growth and a strong performance in the U.S. market, alongside an optimistic outlook with the upcoming 5G product launch. However, increased expenses, negative EBITDA, and decreased working capital present challenges. The positive revenue achievements are somewhat offset by financial strains.Company Guidance
During the Siyata Mobile Third Quarter 2024 earnings call, significant financial metrics were highlighted. The company reported a revenue of $5.9 million for Q3 2024, marking a 218% increase from $1.8 million in Q3 2023. The U.S. market contributed $4.8 million, or 81% of the total revenue, up from $1.3 million, or 69%, in the previous year. Gross margin improved to 29% from 26.6% in Q3 2023, with gross margin dollars increasing by $1.2 million to $1.7 million. However, SG&A expenses rose to $4.7 million, a $2 million increase, largely due to marketing for investor awareness. The adjusted EBITDA was negative $3.3 million, a $1.8 million decline from Q3 2023. Working capital decreased to $200,000 by September 30, 2024, from $1.3 million at the end of 2023. For the first nine months of 2024, total revenue reached $10.1 million, a $3.8 million increase from the same period in 2023, while gross margin dollars rose by $1 million to $2.8 million. Despite these challenges, the company remains optimistic about future growth, driven by the adoption of their PTT product portfolio and the upcoming launch of their 5G products.Record Revenue Growth
Revenue for Q3 2024 was $5.9 million, a 218% increase compared to $1.8 million in Q3 2023 and a 210% increase from $1.9 million in Q2 2024. This was the strongest revenue quarter ever in the company's history.
U.S. Market Dominance
Revenue from the U.S. market was $4.8 million, representing 81% of total revenue, compared to $1.3 million or 69% of total revenue in Q3 2023.
Increase in Gross Margin
Gross margin percentage for Q3 2024 was 29%, up from 26.6% in Q3 2023. Gross margin dollars rose from $500,000 to $1.7 million, a $1.2 million positive variance.
Strong Product Demand
Increased demand for the SD7 handset and accessories contributed significantly to the revenue growth.
5G Product Portfolio Launch
An exciting 5G product portfolio is planned for launch in 2025, with T-Mobile already set to launch part of this portfolio.
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SYTA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SYTA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 14, 2024 | $12.80 | $12.70 | -0.78% |
| Aug 16, 2024 | $23.90 | $20.00 | -16.32% |
| May 23, 2024 | $408.60 | $347.40 | -14.98% |
| Apr 08, 2024 | $606.60 | $574.20 | -5.34% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Siyata Mobile (SYTA) report earnings?
Siyata Mobile (SYTA) is schdueled to report earning on May 05, 2025, TBA Not Confirmed.
What is Siyata Mobile (SYTA) earnings time?
Siyata Mobile (SYTA) earnings time is at May 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SYTA EPS forecast?
Currently, no data Available
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