Siyata Mobile Reports Significant 30% Year-Over-Year Revenue Growth for the First Quarter of 2024
Siyata Mobile Reports Significant 30% Year-Over-Year Revenue Growth for the First Quarter of 2024
Gross margin expands to 36.6%, up from 27.5% in the year ago period
毛利率從去年同期的27.5%擴大至36.6%
VANCOUVER, BC / ACCESSWIRE / May 16, 2024 / Siyata Mobile Inc. (NASDAQ:SYTA)(NASDAQ:SYTAW) (" Siyata " or the " Company "), a global vendor of Push-to-Talk over Cellular (PoC) devices announced its financial results for the three months ended March 31, 2024.
不列顛哥倫比亞省溫哥華/ACCESSWIRE/2024 年 5 月 16 日/Siyata Mobile Inc. (納斯達克股票代碼:SYTA)(納斯達克股票代碼:SYTAW) 蜂窩一鍵通(PoC)設備的全球供應商(“Siyata” 或 “公司”)公佈了截至2024年3月31日的三個月的財務業績。
Marc Seelenfreund, CEO of Siyata, said, "With revenue growth of 30%, a higher gross margin and solid improvement in Adjusted EBITDA, our first quarter financial results reflect improvement in our business and the traction we are gaining in the market. Our unique PTT product portfolio features our SD7 handset, which is now carried as a stocked product by three of the four leading U.S. cellular carriers. The Push-To-Talk over Cellular market reached more than $5 billion in 2023 and is expected to grow to more than $10 billion by 2032[1]. We are rapidly expanding our sales channels both in North America and internationally to capture a portion of this massive market opportunity and position Siyata as a global leader in the industry."
Siyata首席執行官Marc Seelenfreund表示:“收入增長30%,毛利率提高以及調整後息稅折舊攤銷前利潤的穩步改善,我們的第一季度財務業績反映了我們業務的改善和市場吸引力的增強。我們獨特的 PTT 產品組合包括我們的 SD7 手機,該手機現在由美國四大蜂窩運營商中的三家作爲庫存產品出售。2023年,一鍵通蜂窩市場達到50億美元以上,預計到2032年將增長到100億美元以上 [1]。我們正在迅速擴大我們在北美和國際上的銷售渠道,以抓住這一巨大市場機會的一部分,並將Siyata定位爲該行業的全球領導者。”
[1]
[1]
Key financial highlights for the three months ended March 31, 2024:
截至2024年3月31日的三個月的主要財務亮點:
- Revenues were $2.4 million compared to $1.8 million for the three months ended March 31, 2023.
- Gross profit of $863,000, or 36.6% of revenue, compared to $0.5 million, or 27.5% of revenue in the same period last year
- Net loss was $2.8 million as compared to a net loss of $4.9 million in the same period in the prior year.
- Adjusted EBITDA was ($1.5) million versus ($2.0) million in the prior year.
- Appointed Mr. Gary Herman as Chairman of the Board of Directors, following the resignation of Mr. Peter Goldstein as Director and Chairman.
- 收入爲240萬美元,而截至2023年3月31日的三個月爲180萬美元。
- 毛利爲86.3萬美元,佔收入的36.6%,而去年同期爲50萬美元,佔收入的27.5%
- 淨虧損爲280萬美元,而去年同期的淨虧損爲490萬美元。
- 調整後的息稅折舊攤銷前利潤爲(150萬美元),而去年同期的息稅折舊攤銷前利潤爲200萬美元。
- 彼得·戈德斯坦辭去董事兼主席職務後,任命加里·赫爾曼先生爲董事會主席。
Liquidity and Capital Resources
流動性和資本資源
As of March 31, 2024, the Company had a cash balance of $0.6 million compared to $0.9 million as of December 31, 2023.
截至2024年3月31日,該公司的現金餘額爲60萬美元,而截至2023年12月31日的現金餘額爲90萬美元。
Subsequent to quarter end, the Company closed a public offering of common shares and/or pre-funded warrants to purchase common shares for gross proceeds of approximately $4 million.
季度末之後,公司完成了普通股和/或預先籌資認股權證的公開發行,以購買普通股,總收益約爲400萬美元。
Appointment of Gary Herman as the Chairman of the Board of Directors
任命加里·赫爾曼爲董事會主席
Mr. Gary Herman, the incoming Chairman of the Board commented, "I am honored to serve as Chairman and thank Peter for his service. I am a big believer in our products, technology and the ability to become a market leader in the multi billion dollar Push to Talk Over Cellular industry. I look forward to working closely with Marc, management and the board to make this happen."
即將上任的董事會主席加里·赫爾曼先生評論說:“我很榮幸擔任董事長,並感謝彼得的服務。我堅信我們的產品、技術以及成爲數十億美元的 Push to Talk Over Cellular 行業的市場領導者的能力。我期待與Marc、管理層和董事會密切合作,實現這一目標。”
About Siyata Mobile Inc.
關於 Siyata Mobile Inc.
Siyata Mobile Inc. is a B2B global vendor of next generation Push-To-Talk over Cellular devices and related accessories. Its portfolio of in-vehicle and rugged devices enable first responders and enterprise workers to instantly communicate over a nationwide cellular network of choice to increase situational awareness and save lives.
Siyata Mobile Inc. 是一家通過蜂窩設備和相關配件提供下一代一鍵通話的B2B全球供應商。其車載和堅固耐用設備組合使急救人員和企業工作人員能夠通過選擇的全國蜂窩網絡即時通信,以提高態勢感知能力並挽救生命。
Siyata's common shares trade on the Nasdaq under the symbol "SYTA" and its previously issued warrants trade on the Nasdaq under the symbol "SYTAW."
Siyata的普通股在納斯達克交易,代碼爲 “SYTA”,其先前發行的認股權證在納斯達克交易,代碼爲 “SYTAW”。
Visit siyatamobile.com and unidencellular.com to learn more.
訪問 siyatamobile.com 和 unidencellular.com 了解更多信息。
Investor Relations (Canada):
投資者關係(加拿大):
Kin Communications
1-866-684-6730
SYTA@kincommunications.com
親屬通訊
1-866-684-6730
SYTA@kincommunications.com
Investor Relations (United States):
投資者關係(美國):
Brett Maas
Hayden IR
SYTA@Haydenir.com
646-536-7331
佈雷特·馬斯
Hayden IR
SYTA@Haydenir.com
646-536-7331
Siyata Mobile Corporate:
Siyata 移動公司:
Glenn Kennedy, VP of International Sales
Siyata Mobile Inc.
glenn@siyata.net
格倫·肯尼迪,國際銷售副總裁
Siyata Mobile Inc.
glenn@siyata.net
Forward Looking Statements
前瞻性陳述
This press release 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 Siyata's current expectations, they are subject to various risks and uncertainties and actual results, performance or achievements of Siyata could differ materially from those described in or implied by the statements in this press release. The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, including those discussed under the heading "Risk Factors" in Siyata's filings with the Securities and Exchange Commission ("SEC"), and in any subsequent filings with the SEC. Except as otherwise required by law, Siyata 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 or social media is not incorporated by reference into this press release.
本新聞稿包含1995年《私人證券訴訟改革法》和其他聯邦證券法的 “安全港” 條款所指的前瞻性陳述。諸如 “期望”、“預期”、“打算”、“計劃”、“相信”、“尋求”、“估計” 之類的詞語以及此類詞語的類似表達方式或變體旨在識別前瞻性陳述。由於此類聲明涉及未來的事件並基於Siyata目前的預期,因此它們受各種風險和不確定性的影響,Siyata的實際業績、表現或成就可能與本新聞稿中描述或暗示的業績、表現或成就存在重大差異。本新聞稿中包含或暗示的前瞻性陳述受其他風險和不確定性的影響,包括Siyata向美國證券交易委員會(“SEC”)提交的文件以及隨後向美國證券交易委員會提交的任何文件中在 “風險因素” 標題下討論的前瞻性陳述。除非法律另有要求,否則Siyata沒有義務公開發布對這些前瞻性陳述的任何修訂,以反映本陳述發佈之日之後的事件或情況或反映意外事件的發生。爲方便起見,提供了網站和社交媒體的參考和鏈接,此類網站或社交媒體上包含的信息未以引用方式納入本新聞稿中。
-- Tables Follow --
--表格關注--
Siyata Mobile Inc.
Condensed Consolidated Statements of Financial Position
(Expressed in US dollars)
Siyata Mobile Inc.
簡明合併財務狀況表
(以美元表示)
31-Mar-24 | 31-Dec-23 | |||||||
Assets |
||||||||
Current |
||||||||
Cash |
585,559 | 898,771 | ||||||
Trade And Other Receivables |
1,501,183 | 1,181,257 | ||||||
Prepaid Expenses |
169,366 | 29,673 | ||||||
Inventory |
2,644,722 | 3,544,519 | ||||||
Advance To Suppliers |
813,332 | 1,048,227 | ||||||
5,714,162 | 6,702,447 | |||||||
Long Term Receivable |
144,942 | 147,100 | ||||||
Right Of Use Assets |
551,758 | 630,793 | ||||||
Equipment |
165,541 | 175,335 | ||||||
Intangible Assets |
7,731,652 | 7,856,730 | ||||||
Total Assets |
14,308,055 | 15,512,405 | ||||||
Liabilities And Shareholders' Equity |
||||||||
Current |
||||||||
Bank Loan |
476,777 | 89,298 | ||||||
Sale of future receipts |
2,182,918 | 1,467,899 | ||||||
Accounts Payable And Accrued Liabilities |
3,916,100 | 3,449,103 | ||||||
Deferred Revenue |
2,025 | 2,025 | ||||||
Short Term Lease Liability |
228,381 | 254,668 | ||||||
Warrant Liability |
133,849 | 156,433 | ||||||
6,940,050 | 5,419,426 | |||||||
Long Term Lease Liability |
340,561 | 385,639 | ||||||
340,561 | 385,639 | |||||||
Total Liabilities |
7,280,611 | 5,805,065 | ||||||
Shareholders' Equity |
||||||||
Share Capital |
85,714,727 | 85,714,727 | ||||||
Reserves |
14,761,324 | 14,644,200 | ||||||
Accumulated Other Comprehensive Loss |
98,870 | 98,870 | ||||||
Deficit |
(93,547,477) | (90,750,457) | ||||||
7,027,444 | 9,707,340 | |||||||
Total Liabilities And Shareholders' Equity |
14,308,055 | 15,512,405 |
3 月 31 日至 24 日 | 12 月 31 日至 23 日 | |||||||
資產 |
||||||||
當前 |
||||||||
現金 |
585,559 | 898,771 | ||||||
貿易和其他應收賬款 |
1,501,183 | 1,181,257 | ||||||
預付費用 |
169,366 | 29,673 | ||||||
庫存 |
2,644,722 | 3,544,519 | ||||||
向供應商預付款 |
813,332 | 1,048,227 | ||||||
5,714,162 | 6,702,447 | |||||||
長期應收賬款 |
144,942 | 147,100 | ||||||
使用權資產 |
551,758 | 630,793 | ||||||
裝備 |
165,541 | 175,335 | ||||||
無形資產 |
7,731,652 | 7,856,730 | ||||||
總資產 |
14,308,055 | 15,512,405 | ||||||
負債和股東權益 |
||||||||
當前 |
||||||||
銀行貸款 |
476,777 | 89,298 | ||||||
出售未來收據 |
2,182,918 | 1,467,899 | ||||||
應付賬款和應計負債 |
3,916,100 | 3,449,103 | ||||||
遞延收入 |
2,025 | 2,025 | ||||||
短期租賃責任 |
228,381 | 254,668 | ||||||
認股權證責任 |
133,849 | 156,433 | ||||||
6,940,050 | 5,419,426 | |||||||
長期租賃責任 |
340,561 | 385,639 | ||||||
340,561 | 385,639 | |||||||
負債總額 |
7,280,611 | 5,805,065 | ||||||
股東權益 |
||||||||
股本 |
85,714,727 | 85,714,727 | ||||||
儲備 |
14,761,324 | 14,644,200 | ||||||
累計其他綜合虧損 |
98,870 | 98,870 | ||||||
赤字 |
(93,547,477) | (90,750,457) | ||||||
7,027,444 | 9,707,340 | |||||||
負債總額和股東權益 |
14,308,055 | 15,512,405 |
Siyata Mobile Inc.
Condensed Consolidated Statements of Loss and Comprehensive Loss
(Expressed in US dollars)
For the three months ended March 31, 2024 and 2023
Siyata Mobile Inc.
簡明合併虧損報表和綜合虧損表
(以美元表示)
在截至 2024 年 3 月 31 日和 2023 年 3 月 31 日的三個月
March 31, 2024 | March 31, 2023 | |||||||
Revenue |
$ | 2,357,879 | $ | 1,802,637 | ||||
Cost Of Sales |
(1,494,462) | (1,306,120) | ||||||
Gross Profit |
863,417 | 496,517 | ||||||
36.6% | 27.5% | |||||||
Expenses |
||||||||
Amortization And Depreciation |
404,658 | 401,640 | ||||||
Development Expenses |
35,000 | 53,985 | ||||||
Selling And Marketing |
1,298,018 | 1,003,365 | ||||||
General And Administrative |
1,038,552 | 1,392,430 | ||||||
Bad Debts (Recovered) |
18,858 | - | ||||||
Share-Based Payments |
117,124 | 310,828 | ||||||
Total Operating Expenses |
2,912,210 | 3,162,248 | ||||||
Net Operating Loss |
(2,048,793) | (2,665,731) | ||||||
Other Expenses |
||||||||
Finance Expense |
779,756 | 34,098 | ||||||
Foreign Exchange |
(8,945) | 163 | ||||||
Change In Fair Value Of Warrant Liability |
(22,584) | 2,178,007 | ||||||
Total Other Expenses |
748,227 | 2,212,268 | ||||||
Net Loss For The Period |
$ | (2,797,020) | $ | (4,877,999) | ||||
Comprehensive Loss For The Period |
$ | (2,797,020) | $ | (4,877,999) | ||||
Weighted average shares |
570,462 | 84,432 | ||||||
Basic and diluted loss per share |
$ | (4.90) | $ | (57.77) |
2024年3月31日 | 2023年3月31日 | |||||||
收入 |
$ | 2,357,879 | $ | 1,802,637 | ||||
銷售成本 |
(1,494,462) | (1,306,120) | ||||||
毛利 |
863,417 | 496,517 | ||||||
36.6% | 27.5% | |||||||
開支 |
||||||||
攤銷和折舊 |
404,658 | 401,640 | ||||||
開發費用 |
35,000 | 53,985 | ||||||
銷售和營銷 |
1,298,018 | 1,003,365 | ||||||
一般和行政 |
1,038,552 | 1,392,430 | ||||||
壞賬(已收回) |
18,858 | - | ||||||
基於股份的支付 |
117,124 | 310,828 | ||||||
總運營費用 |
2,912,210 | 3,162,248 | ||||||
淨營業虧損 |
(2,048,793) | (2,665,731) | ||||||
其他開支 |
||||||||
財務費用 |
779,756 | 34,098 | ||||||
外匯 |
(8,945) | 163 | ||||||
認股權證負債公允價值的變化 |
(22,584) | 2,178,007 | ||||||
其他費用總額 |
748,227 | 2,212,268 | ||||||
該期間的淨虧損 |
$ | (2,797,020) | $ | (4,877,999) | ||||
該期間的綜合虧損 |
$ | (2,797,020) | $ | (4,877,999) | ||||
加權平均份額 |
570,462 | 84,432 | ||||||
每股基本虧損和攤薄後虧損 |
$ | (4.90) | $ | (57.77) |
Reconciliation to Adjusted EBITDA
(Expressed in US dollars)
For the three months ended March 31, 2024 and 2023
調整後息稅折舊攤銷前利潤的對賬
(以美元表示)
在截至 2024 年 3 月 31 日和 2023 年 3 月 31 日的三個月
March 31, 2024 | March 31, 2023 | |||||||
Net operating loss |
$ | (2,048,793) | $ | (2,665,731) | ||||
Amortization & Depreciation |
404,658 | 401,640 | ||||||
Share based compensation |
117,124 | 310,828 | ||||||
Adjusted EBITDA |
$ | (1,527,011) | $ | (1,953,263) |
2024年3月31日 | 2023年3月31日 | |||||||
淨營業虧損 |
$ | (2,048,793) | $ | (2,665,731) | ||||
攤銷和折舊 |
404,658 | 401,640 | ||||||
基於股份的薪酬 |
117,124 | 310,828 | ||||||
調整後 EBITDA |
$ | (1,527,011) | $ | (1,953,263) |
SOURCE: Siyata Mobile, Inc.
來源:Siyata Mobile, Inc.