Paradigm Capital The most junior company to make Paradigm’s top pick list is Siyata Mobile (TSXV:SIM). Daniel Kim has a “Buy” rating and one-year price target of $0.85 on it.
“To date, Siyata has secured every carrier in Israel and Canada and has started device approval with a tier 1 U.S. carrier. We expect revenue to double this year and next. All current growth is based on old 3G products but the potential upside comes from the new 4G products for commercial vehicles and AT&T’s FirstNet contract,” says Kim. “In the next 60–90 days, the company will announce it has started device approval with a tier 1 U.S. carrier which we believe is the single biggest catalyst for the stock. This deal could potentially imply an incremental $100M in revenue, generating $20–$25M in EBITDA. Using our 12x EBITDA multiple this would imply a share price of $2.20–$2.75