Montral, QC –
Siyata Mobile Inc. (
TSX-V:SIM /
OTCQX: SYATF /
FRA: WK3D) (the "Company" or "Siyata") announces it has filed its Q1 2020 financials and will be hosting an investor conference call on Thursday, July 2nd at 9:00 AM EDT (6:00 AM PDT) to discuss these results followed by a Q&A for investors.
Q1 2020 Highlights: - Top line revenue of $3.06M in Q1 2020, a slight increase over Q1 2019 of $3.03M
- Gross margins improved to 32.4% in Q1 2020, up from 0% in Q1 2019
- Comprehensive net loss of $439,935, vs a net loss of $2.15M in 2019
- Q1 2020 EBITDA was negative $0.6MM vs $0.9MM in Q1 2019, a positive variance of $0.3MM
- A 172% increase quarter over quarter in Q1 YoY North American sales ($2,010,000 vs $738,000)
- North American sales represent 66% of Gross sales vs Q1 YoY 24%
- Working capital of $5.9MM at end of Q1 2020 vs $8.3MM at Q1 2019
Details of the conference call: Date: Thursday, July 2, 2020
Time: 9:00 AM EDT (6:00 AM PDT)
North America toll free dial-in number: (866) 521-4887
International dial-in number: (647) 427-3299
There will also be a playback of the conference call, available in MP3 format by contacting investor relations below.