How did SYTA's revenue and expenses shift in Q3 2024 compared to previous quarters?

Siyata Mobile (SYTA) experienced a notable increase in revenue and a slight rise in expenses in Q3 2024 compared to the previous quarter, Q2 2024.

1. Revenue Shift:
   • In Q3 2024, SYTA's total revenue was $5.86 million, reflecting a 2.1% quarter-over-quarter (QoQ) growth.
   • In Q2 2024, there was no available data on revenue, making it impossible to compare the exact figures, but we know that Q3 2024's revenue is higher than Q1 2024's revenue of $2.36 million.

SYTA Total Revenue YoY, Total Revenue

2. Expenses Shift:
   • The total expenses for Q3 2024 were $1.89 million, which represents a 2.1% increase from the previous quarter.
   • There is no available data on the expenses for Q2 2024, but we know that the expenses in Q3 2024 are higher than those in Q1 2024, where the total expenses were $1.88 million.
3. Comparison with Q1 2024:
   • Both revenue and expenses in Q3 2024 showed a higher increase compared to Q1 2024, indicating a positive financial performance for SYTA in Q3 2024.

In summary, SYTA's revenue and expenses in Q3 2024 demonstrated a positive trend, with revenue increasing by 2.1% and expenses rising by the same percentage, suggesting improved financial health for the company during that quarter.