Siyata Mobile (SYTA) AI Stock Analysis

• Market Cap: $28.86M
• Dividend Yield: N/A
• Average Volume (3M): 621.97K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.08
• Revenue Growth: 49.13%
• EPS Growth: 99.60%
• Country: US
• Employees: 23
• Sector: Technology
• Sector Strength: 84
• Industry: Communication Equipment
• EPS (TTM): -0.62
• Shares Outstanding: 12,387,223
• 10 Day Avg. Volume: 417,369
• 30 Day Avg. Volume: 621,974
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 0.44
• Enterprise Value/Revenue: 1.09
• Enterprise Value/Gross Profit: 9.73
• Enterprise Value/Ebitda: -0.63
• 1Y Price Target: $3.00
• Price Target Upside: 28.76% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 2

• Rating: 41 Neutral
• Price Target: $3.00 ▲(28.76% Upside)

Siyata Mobile's overall stock score is primarily impacted by its poor financial performance, characterized by consistent losses, high leverage, and negative cash flows. Technical analysis indicates bearish momentum, further weighing down the score. The negative P/E ratio and lack of dividend yield highlight valuation concerns. The absence of earnings call data and notable corporate events leaves these areas unaddressed in the score.

Positive Factors

Growth Opportunities

Recent strategic actions by the company are expected to unlock new growth opportunities and position it for long-term success.

Merger Opportunities

The definitive merger agreement with Core Gaming, valued at approximately $160 million, is expected to provide improved access to capital for Siyata Mobile and shift the company's focus towards Core Gaming's operations.

Strategic Partnerships

Siyata Mobile has strong relationships with major carriers such as T-Mobile, AT&T, Verizon, and UScellular, recently achieving 'stocked status,' which supports sell-through with subsidies and aggressive pricing options.

Negative Factors

Financial Performance

The 2Q25 results showed revenue of $2.0M, which was below the analyst's estimate of $3.0M.

Liquidity Concerns

Despite a slight increase in revenue estimates, additional capital is expected to be required by the third quarter, highlighting potential liquidity concerns.

Merger Uncertainty

The pending merger with Core Gaming introduces uncertainty, with limited visibility into timing of contracts.

Siyata Mobile Business Overview & Revenue Model

Company Description

Siyata Mobile Inc. develops and provides cellular communications solutions for enterprise customers. It provides connected-vehicle devices and various accessories that are designed for professional fleets, such as trucks, vans, buses, ambulances, government cars, and others. The company also develops, markets, and sells rugged Push-To-Talk (PTT), mobile devices, cellular amplifiers, and various accessories. In addition, it offers 4G LTE devices, such as Uniden UV350 and Uniden CP250, in-vehicle communication devices that incorporate voice, push-to-talk over cellular, navigation, and data fleet management solutions. Further, the company provides cellular booster solutions, such as Uniden U60C 4G and U65C 4G to enhance connectivity; Uniden U70 FN for inside buildings, Uniden UM50 FN for inside vehicles, and the Uniden UM2M FN that can connect to its Uniden UV350 in vehicle communicator; Uniden Mobile Coverage Kit; Mission Critical Push-To-Talk device; and Vehicle Kit 7, a vehicle kit accessory that provides an in-vehicle solution. It serves cellular network operators and their dealers, as well as commercial vehicle technology distributors for fleets in Israel, Europe, Africa, the Middle East, Australia, New Zealand, Canada, and the United States. The company was incorporated in 1986 and is headquartered in Montreal, Canada.

How the Company Makes Money

Siyata Mobile generates revenue primarily through the sale of its communication devices and accessories to enterprise customers, including commercial fleets, first responders, and industrial sectors. The company's revenue streams are driven by direct sales to businesses, partnerships with network carriers and distributors, and the integration of its devices with existing communication infrastructures. Significant partnerships with mobile network operators and distributors enhance market reach and facilitate the adoption of Siyata's products across various regions. Additionally, Siyata Mobile may generate recurring revenue from service contracts, support agreements, and software solutions designed to complement its hardware offerings.

Siyata Mobile Financial Statement Overview

Summary

Siyata Mobile faces significant financial challenges across income, balance, and cash flow statements. The company struggles with consistent losses, high leverage, and negative cash flows, posing substantial risks to financial stability and growth prospects. Improvements in cost management, debt reduction, and strategic revenue growth are essential for a positive trajectory.

Income Statement

Siyata Mobile has faced challenges in achieving profitability, with consistent negative net income over the years. The gross profit margin has been relatively weak, indicating potential issues with cost management or pricing strategy. Revenue growth showed some positive momentum in recent years but remains erratic, with significant fluctuations. The negative EBIT and EBITDA margins highlight ongoing operational inefficiencies.

Balance Sheet

The company's balance sheet reflects high leverage with a significant debt-to-equity ratio, posing a financial risk. There is a noticeable decline in stockholders' equity over time, impacting financial stability. The equity ratio has weakened, indicating a decrease in asset financing through equity. However, the company maintains a level of asset base, although cash reserves are diminishing.

Cash Flow

Siyata Mobile's cash flow statements reveal persistent negative free cash flow, indicating challenges in generating cash from operations. The operating cash flow to net income ratio is unfavorable, reflecting ongoing cash flow issues. Free cash flow growth remains negative, limiting the company's ability to reinvest or reduce debt effectively. Financing activities have been essential to sustain operations, which may not be sustainable long-term.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	11.63M	8.23M	6.48M	7.55M	5.99M
Gross Profit	2.14M	2.66M	1.39M	1.87M	1.58M
EBITDA	-21.11M	-11.04M	-19.34M	-17.42M	-11.64M
Net Income	-25.27M	-12.93M	-9.94M	-25.31M	-15.34M
Balance Sheet
Total Assets	14.89M	15.51M	16.14M	12.05M	31.09M
Cash, Cash Equivalents and Short-Term Investments	181.73K	898.77K	1.91M	1.62M	5.47M
Total Debt	4.40M	2.20M	939.00K	4.39M	7.05M
Total Liabilities	10.97M	5.81M	6.90M	9.56M	9.81M
Stockholders Equity	3.92M	9.71M	9.24M	2.49M	21.28M
Cash Flow
Free Cash Flow	-17.11M	-10.62M	-17.27M	-15.56M	-11.52M
Operating Cash Flow	-15.08M	-8.34M	-13.85M	-12.57M	-9.99M
Investing Cash Flow	-3.36M	-2.27M	-3.56M	-3.12M	-1.53M
Financing Cash Flow	17.72M	9.60M	17.57M	1.01M	25.35M

Siyata Mobile Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 2.33
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SYTA, the sentiment is Negative. The current price of 2.33 is below the 20-day moving average (MA) of 3.03, below the 50-day MA of 3.45, and below the 200-day MA of 4.04, indicating a bearish trend. The MACD of -0.23 indicates Positive momentum. The RSI at 32.96 is Neutral, neither overbought nor oversold. The STOCH value of 20.69 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SYTA.

Siyata Mobile Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$35.55B	8.88	-11.05%	1.87%	8.55%	-8.14%
MITQ	59 Neutral	$7.45M	―	-21.35%	―	-4.85%	43.93%
MOB	53 Neutral	$27.35M	―	-99.91%	―	-17.34%	7.38%
ASNS	42 Neutral	$4.56M	―	-619.49%	―	-12.53%	48.48%
SYTA	41 Neutral	$28.86M	―	-191.90%	―	49.13%	99.60%
BOXL	41 Neutral	$4.54M	―	-126.41%	―	-30.79%	43.48%
SONM	37 Underperform	$10.50M	―	-385.91%	―	-16.41%	-144.71%