SYTA Latest Report

Key Financial Data

1. Siyata Mobile's total operating revenue as of December 31, 2024 was RMB151,8150.00, a 19.15% decrease from 2023.

2. The sales cost in 2024 was RMB2,139,007.00, a significant increase from RMB1,010,732.00 in 2023.

3. The marketing, sales, and general management expenses in 2024 were RMB46,29173.00, a significant increase from RMB34,32302.00 in 2023.

4. The research and development expenses in 2024 were RMB295,270.00, a decrease from RMB4,05254.00 in 2023.

5. The interest expense in 2024 was RMB12,91593.00, a significant increase from RMB7,32782.00 in 2023.

Peer Comparison

1. Industry-wide analysis: The communication equipment industry where Siyata Mobile is located faced challenges in the overall market environment in 2024, including the adjustment period of 5G construction and the tightening of operators' capital expenditures, leading to a general decline in revenue for companies in the industry. This reflects the economic meaning of weakened market demand, and attention should be paid to the possibility of industry recovery in the future.

2. Peer evaluation analysis: Compared with other companies in the same industry, Siyata Mobile's revenue decline was more significant, indicating its insufficient market competitiveness or product innovation. The revenue growth of companies such as Aerospace Rainbow shows that there is differentiation in the market, and Siyata needs to improve its market strategy to enhance competitiveness.

Summary

Siyata Mobile faced a significant decline in operating revenue and an increase in costs in 2024, reflecting the competitive pressure and insufficient market adaptability of its products. The company needs to focus on controlling sales costs and management expenses while strengthening product research and development to cope with future market changes and enhance competitiveness.

Opportunities

1. With the gradual application of AI technology, the market demand for new-generation communication equipment may rebound, providing Siyata an opportunity to optimize its product line.

2. The growing demand for keypunch communication devices in public safety and enterprise services can serve as Siyata's market entry point.

3. By cooperating with wireless operators, Siyata can expand its market coverage and enhance brand influence.

Risks

1. The uncertainty and intensified competition in the global communication equipment market may further squeeze Siyata's market share.

2. The continuous increase in sales costs and management expenses will put pressure on the company's profitability.

3. The reduction in research and development investment may affect product innovation, limiting the company's long-term development.