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Siyata Mobile Inc SYTA

Alternate Symbol(s):  SYTAW

Siyata Mobile Inc is engaged in the sale of vehicle mounted, cellular-based communications platforms over advanced 4G mobile networks. The company offers rugged phones for industrial users and signal boosters for homes, buildings, and fleets with poor cell coverage. It acts as a developer and provider of cellular communications systems for enterprise customers, specializing in connected vehicle products for professional fleets, marketed under the Uniden Cellular brand. The company serves cellular operators, commercial vehicle technology distributors, and fleets of all sizes in Canada, the U.S., Europe, Australia, and the Middle East. The majority of the company's revenue comes from Israel.


NDAQ:SYTA - Post by User

Bullboard Posts
Post by Bobwinson Dec 12, 2017 10:11pm
134 Views
Post# 27143548

Added a few more

Added a few moreWhen it got down to C$.55, I threw in a little bid and got some more shares.  The product is done, they just need device approval from Canada and the US.  Company is estimating Q1 for Canada and Q2 for US.  It will take some time for sales to ramp up after approval but I think the market segment is big enough to keep Siyata busy for a long time.  

So it's going to take some patience.  I think real sales increases should start showing up in Q3 and more probably Q4 2018, so we still have some time before we see huge sales but we should see the trends in 2018 that point to dramatically higher sales.  

Getting qualified for FirstNet is a Big Deal.  Hopefully that will come shortly after US device approval.  

Naturally there will be more competition over time so hopefully Siyata can get a toehold early and get first mover advantage.  
Bullboard Posts