RE:Maybe I'm missing Something?This company has developed a 4G product but has been waiting about 2 years for the Tier One carriers in North America to approve it. This is a new product that isn't in the financials yet so gross margins from the past equipment isn't going to mean much. Siyata was originally an Israeli company and the original products were developed with the aid of Israeli telecom. As such, the margins are low on the legacy products. Siyata expects much higher margins on the new 4G equipment.
As you can tell by the past financials, sales growth has been good but the company has not reached profitability yet. They are selling equipment in a fairly competitive market so previous margins have been low. Based on the low margins, you need a lot of sales to reach profitability.
The new products will have higher margins but most of all, they will work in the US, where the market to replace Land Mobile Radio is very large. That is the opportunity for this stock. There are no competing products for Cellular push to talk. The new standard US network for First Responders being developed by AT&T is push to talk cellular. Siyata will have the only approved 4G device for all the First Responders who want to convert from LMR to Cellular networks.
The latest presentation has a lot of information about Siyata. If you're interested, you can read it and ask further questions. Several of us have been here for several years.
https://www.siyatamobile.com/investors-presentation/