Siyata Mobile (TSX.V: SIM) (OTCQX: SYATF) today announced the filing of its Q3 2019 financials and hosted a conference call to discuss the results. Among the highlights, the company reported significant growth compared to the same period last year, with a 61% increase in Q3 2019 revenue to $5.0-million and record margins of 31.5% in Q3 2019, driven by UV350 sales. “By perfecting our in-vehicle cellular technology and multiple launches with Tier 1 carriers in North America, we have only just begun entering a very large scale market opportunity with no known direct competitors,” Siyata Mobile CEO and Chairman Marc Seelenfreund said in the news release. “Feedback from existing customers of the UV350 in the field and enterprise sales teams of the carriers has been excellent, with additional trials stemming from these relationships and our opportunity pipeline continues to grow.”
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About Siyata Mobile Inc.
A TSX Venture Top 50 Company, Siyata Mobile Inc. is a leading global developer and provider of cellular communications systems for enterprise customers, specializing in connected vehicle products for professional fleets, marketed under the Uniden(R) Cellular brand. Since developing the world’s first 3G connected vehicle device, Siyata has been a pioneer in the industry, launching the world’s first 4G LTE all-in-one fleet communications device in 2017. Incorporating voice, push-to-talk over cellular, data, and fleet management solutions into a single device, the company aims to become the connected vehicle communications device of choice for commercial vehicles and fleets around the world. Siyata also offers rugged phones for industrial users and signal boosters for homes, buildings, and fleets with poor cell coverage. Siyata’s customers include cellular operators, commercial vehicle technology distributors, and fleets of all sizes in Canada, the U.S., Europe, Australia, and the Middle East. For more information, visit www.SiyataMobile.com and www.UnidenCellular.com.
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