How did Syra Health's revenue and expenses trend in Q4 2024?
5/9/2025 11:10am
Siyata Mobile (SYTA) experienced a decline in revenue and a significant increase in expenses during Q4 2024, leading to a substantial operating loss.
1. **Revenue Trend**: The company's revenue was $10.43 million, which can be broken down into:
- Rugged Devices and Related Accessories: $4.63 million
- Cellular Boosters and Related Accessories: $1.2 million
- Cellular Boosters and Related Accessories: $897,000
- Total Revenue: $10.43 million
2. **Expense Trend**: The company's expenses were as follows:
- Operating Expenses: $4.63 million
- Financing Expenses: $7.35 million
- Selling, General, and Administrative Expenses: $4.63 million
3. **Net Income**: The net income for Q4 2024 was -$7.35 million, indicating a substantial operating loss for the period.
In summary, Siyata Mobile faced a challenging quarter with a decline in revenue and a significant increase in expenses, resulting in a substantial operating loss.