Siyata Mobile Inc. Reports Q1 2025 Revenue Increase to $2.47M, Net Loss Widens to $3.79M, EPS at -$2.35

Reuters
05/16
<a href="https://laohu8.com/S/SYTA">Siyata Mobile Inc.</a> Reports Q1 2025 Revenue Increase to $2.47M, Net Loss Widens to $3.79M, EPS at -$2.35

Siyata Mobile Inc. reported its unaudited financial results for the three months ended March 31, 2025. The company recorded revenues of $2.468 million, showing a slight increase from the $2.358 million reported in the same period in 2024. Despite the rise in revenue, Siyata Mobile experienced a decline in gross profit, which stood at $530,236, compared to $863,417 during the first quarter of the previous year. This decrease was mainly due to higher costs of sales, which increased from $1.494 million in 2024 to $1.938 million in 2025. The company reported a net loss for the period of $3.789 million, a significant increase from the net loss of $2.797 million reported in the corresponding period of 2024. The increase in net loss was accompanied by a basic and diluted loss per share of $2.35, compared to a much larger loss per share figure of $882.62 in the prior year, reflecting a substantial reduction in the number of shares outstanding. No significant updates about business operations were mentioned in the report. The company's primary operations remain focused on the sale of cellular-based communications products across its key markets in Israel, Europe, and North America.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Siyata Mobile Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001641172-25-011083), on May 15, 2025, and is solely responsible for the information contained therein.

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