Siyata Mobile Inc. Reports Increased Q1 Loss Amid Rising Expenses

Siyata Mobile Inc. ( (SYTA) ) has released its Q1 earnings. Here is a breakdown of the information Siyata Mobile Inc. presented to its investors.

Siyata Mobile Inc. is a company specializing in vehicle-mounted, cellular-based communications platforms and cellular booster systems, operating primarily in the telecommunications industry. In its latest earnings report, Siyata Mobile Inc. reported a net loss of $3.79 million for the first quarter of 2025, compared to a $2.8 million loss in the same period last year. The company’s revenue increased slightly to $2.47 million from $2.36 million year-over-year. Key financial metrics indicate a challenging quarter, with a gross profit decrease to $530,236 from $863,417, and a significant increase in operating expenses to $3.52 million from $2.91 million. Additionally, the company reported a substantial increase in share capital due to the issuance of new shares under an equity line of credit. Looking ahead, Siyata Mobile’s management remains focused on improving cash flow and securing additional financing to sustain operations, amidst uncertainties due to geopolitical tensions affecting its workforce and supply chain.