Emerging Markets Report: Details, Details
May 18 2022 - 11:48AM
InvestorsHub NewsWire
ORLANDO, FL -- May 18, 2022 -- InvestorsHub NewsWire -- via
Emerging
Markets -- A recent First Quarter report for the 3 months
ending March 31, 2022 from Siyata Mobile Inc.
(NasdaqCM:
SYTA, SYTAW), a developer and provider of
cellular communications solutions for enterprise workers and first
responders, may not on its face be the shimmering testament to
revenue that warms shareholders' hearts.
To its credit, however, the Company provides context in THE VERY
FIRST LINE of its Q1 press
release that "Q1 revenue negatively impacted
due to transition from legacy product sales cycle to new product
lines."
But the big picture might be different, that the Q1 declining
revenues can be assigned mostly to a seemingly singular cause, a
necessary transition from legacy product cycle to new product
lines.
Here's the explanation:
"Revenues for the three months ended March 31, 2022, were $832,974
compared to $4,031,975 for the three months ended March 31, 2021.
This variance of $3,199,001 is mainly due to the transition from
the legacy product sales cycle to the new product line, where
production has been ramped up for the SD7 rugged handset."
Which is what we want to see in a down quarter, a rational
explanation that suggests that it's a sunburn and not skin
cancer.
To that end, the most important note -for us- in that release is
the fact that "Subsequent to quarter end, Siyata received a $2.2
million purchase order for a Tier 1 US wireless operator for SD7,
VK7 and various accessories."
We can speculate all day long, guessing who the 'Tier 1 US
wireless operator' is but the fact that the order was for $2.2
million suggests scale.
In addition, it appears there may be more good news on the
horizon to support this production ramp up for the SD7. The Company
communicated to shareholders in its fourth quarter earnings call
that it hopes "to deliver to shareholders many positive catalysts:
new customer wins, significant carrier launches, new partnerships,
a continuous upgrade to our product portfolio and ultimately strong
organic growth with a drive to profitability in the coming
quarters."
About The Emerging Markets Report:
The Emerging Markets Report is owned and operated by
Emerging Markets Consulting (EMC), a syndicate of investor
relations consultants representing years of experience. Our network
consists of stockbrokers, investment bankers, fund managers, and
institutions that actively seek opportunities in the micro and
small-cap equity markets.
For more informative reports such as this, please sign up
at https://emergingmarketsconsulting.com/
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receive in the future certain compensation, as described below.
EMC has been paid $150,000 by Siyata Mobile, Inc. for various
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Emerging Markets Consulting, LLC
Florida Office
390 North Orange Ave STE 2300
Orlando, FL 32801
E-mail: jamespainter@emergingmarketsllc.com
Web: https://emergingmarketsconsulting.com/
SOURCE: Emerging
Markets
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