Why did SYTA's Q4 2024 earnings fall short of forecasts?

Siyata Mobile's (SYTA) Q4 2024 earnings fell short of forecasts due to a combination of increased net losses and declining revenue:

1. Increased Net Losses: Siyata Mobile experienced a significant surge in net loss for the fourth quarter, rising to $8.9 million from $3.9 million in the same period the previous year. This increase in net losses contributed to the shortfall in earnings.
2. Declining Revenue: The company's revenue declined by 21.1% year-over-year, falling to $1.5 million. This decrease in revenue, coupled with the higher net losses, resulted in earnings that were below market expectations.

In summary, the fall in Siyata Mobile's Q4 2024 earnings can be attributed to a combination of increased net losses and declining revenue, which together had a greater impact than anticipated.