Newbyera Technology Limited, a subsidiary of Siyata Mobile Inc., has released its actual financial results for the seven-month period ending July 31, 2024. The company reported revenues of $44.63 million. However, the cost of providing services closely matched this figure at $44.47 million, resulting in a gross profit of $161,869. The company's net loss for the period stood at $373,093, with no income tax expenses reported. In terms of comprehensive income, Newbyera Technology Limited recorded a total loss of $393,330, including other comprehensive income losses of $20,237. On the balance sheet, Newbyera's current assets rose significantly to $27.15 million from $14.91 million as of December 31, 2023. This increase was largely driven by higher accounts receivable and other receivables. Current liabilities increased to $24.58 million from $11.94 million, primarily due to a rise in account and other payables. Total equity decreased to $2.57 million from $2.96 million over the same period. These financial results highlight the challenges faced by Newbyera Technology Limited in achieving profitability, despite an increase in revenue.