What’s up everyone, so in this video, I bring you updates on one telecom
stock which is tipped to be the next market disruptor in a $29bn industry.
They provide disruptive solutions aimed at the Push-to-talk-over-Cellular (PoC) industry,
with three complementary product categories targeted to the same core channels and customers.
There are also no other competitors offering as comprehensive of a portfolio of products and they
recently secured channel Partnerships with 2 of the 3 Largest Mobile Carrier Providers in the US.
So a potential interesting prospect here if you ever had an interest in the telecom sector.
So make sure you stick around to the very end so you get the latest from
their CEO about their value proposition and why they are the next big disruptor.
So please drop a quick like on the video and hit the bell, so we can get on with it with and talk
about Siyata Mobile Inc (Nasdaq: SYTA) which is now sitting at 17 cents per share with a market
cap $7.8m. Siyata is sitting up on the day and it seems to have been picking up some momentum
over the last month being up by 16% and bouncing from its lows. But when you look at them over
the 1 year horizon, they are still down 86% and appear to have bottomed out over the last month.
So if you see the journey they’ve been on, from this time last year, it tells us a lot about
their potential and what levels they can rebound back to that’s if they can deliver their plans.
So as we always aim to buy low and sell high, there couldn’t be a better time to have Siyata
on your watchlist, considering the value they present and if you like their story.
So let’s find out what Siyata is about and what they’ve been up to which you need to be aware of.
Siyata Mobile Inc. is a B2B global vendor of next generation Push-To-Talk over
Cellular (PoC) devices and cellular booster systems. Their portfolio of in-vehicle and
rugged smartphones, enable first responders and enterprise workers to instantly communicate,
over a nationwide cellular network of choice, to increase situational awareness and save lives.
So in essence, this portfolio of enterprise grade and consumer cellular booster systems enable,
first responders and enterprise workers to amplify cellular signals in remote areas
inside structural buildings, where signals are weak and within vehicles for the maximum
cellular signal strength possible. So a big safety feature. And their flagship SD7 brings
communications into the 21st century and enables first responder and enterprise clients a simple,
easy-to-use, rugged Android based Push-To-Talk (“PTT”) device, with excellent sound quality
that operates over the high bandwidth 4G network, providing consistent connectivity.
Before we jump into their business updates, let’s hear from their CEO, Marc Seelenfreund sharing
more insights about their value proposition. What an interesting proposition right,
which has somewhat been hampered by the broader market selloff.
But if you were to begin to look at their catalysts which are feeding in at the moment,
and with the broader markets expected to see a turnaround once interest rates begin to stabilise,
then it would only be a matter of time before we begin to see parabolic movements in this space.
So I feel much patience would be required if you like their story.
But let’s start with their numbers to give you a feel of the scale of their potential.
Siyata Mobile Announces Third Quarter 2022 Financial Results, stating that revenues for
the three months to September 30, 2022, were $2,567,885 compared to $1,218,875 in 2021.
This increase of 111% was due mainly to the new
revenue source earned from their SD7 and its related accessories in the quarter.
Marc Seelenfreund, their CEO Siyata added that they were very pleased to report strong
year-over-year, sequential top-line growth and declining losses for the third quarter of 2022,”
Their improved financial performance was driven primarily by a number of customer
trials of our SD7 rugged push-to-talk device, which began shipping in the second quarter,
many of which then converted into purchase orders with volumes in Q3 that increased over Q2.
Sales of their rugged devices and related accessories were up 588%
year-over-year to $1.9 million in Q3, driven primarily by volume growth for our SD7.”
And since then in Q4, 22, they have been firing on all cylinders to drive growth.
Siyata SD7 Device Launch on Bell Mobility Wireless Network,
Expanded Next-Generation Push-to-Talk Over Cellular Services Across Canada.
They announced that Bell Mobility Inc., a leading wireless operator in Canada with more
than 10 million subscribers and a division of Bell Canada, will launch Siyata’s rugged
SD7 device onto their network in the fourth quarter 2022. The SD7 was developed to disrupt
and replace the multi-billion-dollar Land Mobile Radio (LMR) industry.
They said “their traction with major U.S. and international carriers continues to
strengthen. So the addition of Bell Mobility further validates their
belief that the SD7 is the ideal device for the rapidly growing PoC markets globally.
Siyata Expanded Reach of Their Next Generation
Push-to-Talk Over Cellular Solution (PoC) to a New Vertical Market.
They received an order for their next-generation MCPTT (mission critical push-to-talk) solution,
which includes their SD7 device and related accessories, from a multi-billion-dollar,
integrated resort and residential property development located in The Bahamas.
“This order completed the process of converting a significant resort and
residential property to their MCPTT solution and marks their first win in the hospitality vertical.
It also demonstrates one of many, use cases for our POC solutions beyond use by first
responders and emergency personnel. As part of their solution, their SD7 devices will be
used across this luxury property providing better collaboration between front office, housekeeping,
security, food and beverage and maintenance personnel with clear and reliable communications.
Siyata’s SD7 Device is to be Launched Across T-Mobile IoT Data Network. This is huge because
T-Mobile is the second-largest wireless carrier in the U.S. with more than 111.7 million customers.
Their SD7 has now been approved on all major U.S. wireless carriers including AT&T Inc.,
Verizon Communications Inc. and United States Cellular Corporation (UScellularTM)
They also received Follow-On Orders for their UV350 Device from a Leading Saudi
Arabian Cellular Carrier. The new orders from the existing customer
totaled approximately $400,000 with total cumulative orders exceeding $1.7 million.
Importantly, these follow-on orders are a strong testament to the value their devices are providing
for first responders and the strength of their relationship with this operator. Since 2019,
this customer has invested more than $1.7 million in their UV350 and related accessories.”
How very exciting?? So some really interesting prospects ahead for this telecom penny stock,
but only consider getting in if the price is right for you and if you fully understand the risks.
This video is not financial advice, a buy or a sell recommendation, but is meant to bring
some new and exciting penny stocks to your attention for you to do your own research..
As always I would love to hear from you, so please let me know your thoughts on these top penny
stocks in the comments section below and what other penny stocks are catching your eyes lately.
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