Siyata Mobile Surges As Company Posts Another Record Sales Quarter

posted in: Siyata Mobile | 0

Last week Siyata Mobile (TSX-V:SIM, OTCQB: SYATF) reported another quarter of record revenue; Siyata posted C$5.2 million in sales in Q2 2017, a 150% increase over Q2 2016 and a 7% increase from Q1 2017. Meanwhile, Siyata shares have continued their upward trend (up ~77.5% year-to-date) recently breaking out from a falling wedge:

 

SIM.V (Daily – 1 Year)

SIM.V_7.17.2017

Falling wedge breakout targets fresh 52-week highs; volume acceleration confirms the validity of this chart pattern breakout.

There are more than 12 million fleet vehicles in the United States and Siyata is positioned to capture a significant slice of the North American fleet communication device market with its recent product launches; Siyata launched the world’s first 4G LTE all-in-one fleet communications device in 2017 earlier this year.

Yesterday, Siyata announced the launch of its Uniden® CP250 tablet/DVR connected vehicle 4G device. The CP 250 was designed to be installed on the dash or mounted on a windshield, specifically for lighter commercial vehicles such taxis, vans and delivery trucks. The large 5” wide screen display tablet based design makes installation a breeze and ensures safer communication for professional drivers.

The newly introduced recurring revenue model the company is hinting at as per the press release may have helped to catalyze the recent advance in Siyata’s share price:

“Much like the Uniden® UV350, the Android 6.0 device allows Siyata to leverage its unique features and existing sales channels to partner with software companies which are targeting similar customers to create additional reseller channels and recurring revenue for Siyata.”

Marc Seelenfreund, CEO and Chairman of Siyata stated, “We are very excited to be launching an additional 4G connected vehicle device targeted towards lighter commercial vehicles such as taxis, delivery vans and government vehicles. We see this as a tremendous market opportunity over and above the current markets we are addressing and already have multiple customers and sales channels that have committed to this device.”

The phasing out of existing 2G networks offers a huge opportunity for Siyata as companies are forced to upgrade their fleets to 3G and 4G devices – Siyata’s cutting edge 4G all-in-one fleet devices offer an attractive upgrade to companies wishing to upgrade to industry leading fleet communication device technology.

Trends can continue to trend for a very long time and Siyata Mobile is in a strong uptrend in terms of both its fundamental business momentum and its share price. I believe there is a good chance that Siyata shares will eclipse C$1.00 during the next 12 months. Support near the C$.52 level is a stop loss level which risk averse investors/traders can utilize to define risk.

Read also – Stock Snapshot: Siyata Mobile

 

Disclaimer:

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.com, 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 EnergyandGold.com. 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 www.SEDAR.com for important risk disclosures. It’s your money and your responsibility.