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Emerging Markets Report: Details – GuruFocus.com

A commentary sponsored by emerging markets

ORLANDO, Fla., May 18, 2022 (GLOBE NEWSWIRE) — A recent first quarter report for the 3 months ending March 31, 2022 from Siyata Mobile Inc. (NasdaqCM: SYTA, SYTAW), a developer and provider of cellular communications solutions for corporate employees and first responders, may not at first glance be the scintillating earnings testimonial that warms the hearts of shareholders.

To its credit, however, the Society provides context in THE VERY FIRST LINE of its Q1 press release this “First quarter revenue was negatively impacted due to the transition of the sales cycle from legacy products to new product lines. »

But the big picture might be different, namely that the decline in first-quarter revenue can be attributed primarily to a seemingly singular cause, a necessary transition from the legacy product cycle to new product lines.

Here is the explanation:

“Revenue for the three months ended March 31, 2022 was $832,974 compared to $4,031,975 for the three months ended March 31, 2021. This variance of $3,199,001 is primarily due to the cycle transition from legacy products to the new product line, where production was ramped up for the rugged SD7 handset.

That’s what we want to see in a declining quarter, a rational explanation that suggests it’s sunburn, not skin cancer.

To that end, the most important note – to us – in this release is the fact that “Subsequent to the end of the quarter, Siyata received a $2.2 million purchase order for a US Tier 1 wireless carrier for SD7, VK7 and various accessories”.

We can speculate all day guessing who the “Tier 1 US wireless carrier” is, but the fact that the order was for $2.2 million suggests scale.

Plus, it looks like more good news is on the horizon to support this SD7 production ramp-up. The company communicated to shareholders during its fourth quarter earnings call that it hopes “to provide shareholders with many positive catalysts: new customers, major carrier launches, new partnerships, continued upgrading of our product portfolio and, ultimately, strong organic growth with a desire for profitability over the next few quarters.

About the Emerging Markets Report:
The Emerging Markets Report is owned and operated by Emerging Markets Consulting (EMC), a syndicate of investor relations consultants representing years of experience. Our network is made up of stockbrokers, investment bankers, fund managers and institutions who actively seek opportunities in the micro and small cap markets.

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