Siyata Mobile Q2 Sales Disappoint Despite Narrower Loss

Siyata Mobile Inc. reported Q2 sales of $2.0 million, missing market expectations, despite a narrowed net loss of $3.8 million from $12.9 million a year earlier. Adjusted EBITDA improved to a loss of $2.9 million compared to a $3.8 million loss last year. The company emphasized its focus on mission-critical Push-to-Talk over Cellular handsets and accessories used by first responders and enterprise clients. Shares fell 12.46% to $3.23.

Siyata Mobile Inc. (SYTA) reported its second-quarter (Q2) financial results for the period ending June 30, 2025, revealing a mixed performance. The Vancouver-based company reported quarterly revenue of $2.0 million, up 7.7% from $1.9 million in the year-ago period [1]. However, this figure fell short of market expectations, which had forecasted $3.00 million in revenue [1]. Despite the revenue miss, Siyata's net loss narrowed to $3.8 million from $12.9 million in the same period last year, representing a significant improvement [2].

Adjusted EBITDA also improved, declining to a loss of $2.9 million compared to a $3.8 million loss in the prior year [2]. The company's earnings per share (EPS) were a loss of 62 cents, which was better than the analyst forecast of a loss of $1.61 per share [1]. Siyata's shares fell 12.46% to $3.23 following the announcement [2].

Siyata emphasized its focus on mission-critical Push-to-Talk over Cellular (PoC) handsets and accessories used by first responders and enterprise clients. The company highlighted its enterprise-grade In-Vehicle solutions and Cellular Booster systems as key offerings [2]. Siyata's portfolio is sold through leading North American cellular carriers and international distributors [2].

Analysts remain cautious, with the average recommendation being "hold" and no "strong buy" or "buy" ratings [1]. The consensus recommendation for the phones & handheld devices peer group is "buy" [1]. Despite the mixed Q2 results, Siyata continues to focus on expanding its product offerings and market reach [2].

References:
[1] https://www.tradingview.com/news/reuters.com,2025:newsml_L8N3U61YO:0-siyata-mobile-inc-reports-results-for-the-quarter-ended-june-30-earnings-summary/
[2] https://www.nasdaq.com/press-release/siyata-mobile-reports-second-quarter-2025-financial-results-2025-08-14