Siyata Soars On Record Quarterly Results

posted in: Siyata Mobile | 0

Energy & Gold has covered Siyata Mobile (TSX-V:SIM, SIMFF:OTC) for more than a year since featuring it last March. During that time we have watched SIM shares more than double:


SIM.V (Daily)


The company has experienced growing momentum since the end of 2016 both in terms of its share price and its business fundamentals. Yesterday morning SIM announced its third consecutive quarter of record sales; $4.85 million in revenue for Q1 2017, representing an 80% increase over the Company’s Q1 2016 sales and an 18% increase over Q4 2016. SIM shares surged 12.7% on well above average volume to close at a fresh 52-week high.

Siyata is a maker of innovative cellular communications systems and its devices and accessories are specifically designed for professional fleets including trucks, vans, buses, emergency service vehicles, government cars, etc. As these fleets upgrade their aging communications systems Siyata is poised to capture substantial market share through its all-in one devices which  incorporate voice, push-to-talk, data, and fleet management solutions.

Siyata is committed to its goal of double digit growth (the last three quarters were north of 50%) while growing both gross and EBITDA margins. Meanwhile, the market opportunity available to Siyata continues to be absolutely enormous:



There is a multi-billion dollar opportunity in North America alone and Siyata is well positioned to leverage its first mover status and gain deeper penetration into the commercial fleet market:


With C$9M in working capital, Siyata has the growing fundamental & technical momentum that investors dream about and given its still relatively small size (~C$32 million market cap) there could still be plenty of upside left for investors to capture.


The article is for informational purposes only and is neither a solicitation for the purchase of securities nor an offer of securities. Readers of the article are expressly cautioned to seek the advice of a registered investment advisor and other professional advisors, as applicable, regarding the appropriateness of investing in any securities or any investment strategies, including those discussed above. Siyata Mobile (TSX-V:SIM) is a high-risk venture stock and not suitable for most investors. Consult the Siyata Mobile’s SEDAR profile for important risk disclosures., EnergyandGold Publishing LTD, its writers and principals are not registered investment advisors and advice you to do your own due diligence with a licensed investment advisor prior to making any investment decisions.

This article contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively “forward-looking statements”). Certain information contained herein constitutes “forward-looking information” under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “expects”, “believes”, “aims to”, “plans to” or “intends to” or variations of such words and phrases or statements that certain actions, events or results “will” occur. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed by such forward-looking statements or forward-looking information, standard transaction risks; impact of the transaction on the parties; and risks relating to financings; regulatory approvals; foreign country operations and volatile share prices. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Actual results may differ materially from those currently anticipated in such statements. The views expressed in this publication and on the EnergyandGold website do not necessarily reflect the views of Energy and Gold Publishing LTD, publisher of Accordingly, readers should not place undue reliance on forward-looking statements and forward looking information. The Company does not undertake to update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws. Always thoroughly do your own due diligence and talk to a licensed investment adviser prior to making any investment decisions. Junior resource companies can easily lose 100% of their value so read company profiles on for important risk disclosures. It’s your money and your responsibility.