Siyata Mobile Inc. Reports Q1 2025 Revenue Increase to $2.47M, Net Loss Widens to $3.79M, EPS at -$2.35

Reuters
16 May
<a href="https://laohu8.com/S/SYTA">Siyata Mobile Inc.</a> Reports Q1 2025 Revenue Increase to $2.47M, Net Loss Widens to $3.79M, EPS at -$2.35

Siyata Mobile Inc. reported its unaudited financial results for the three months ended March 31, 2025. The company recorded revenues of $2.468 million, showing a slight increase from the $2.358 million reported in the same period in 2024. Despite the rise in revenue, Siyata Mobile experienced a decline in gross profit, which stood at $530,236, compared to $863,417 during the first quarter of the previous year. This decrease was mainly due to higher costs of sales, which increased from $1.494 million in 2024 to $1.938 million in 2025. The company reported a net loss for the period of $3.789 million, a significant increase from the net loss of $2.797 million reported in the corresponding period of 2024. The increase in net loss was accompanied by a basic and diluted loss per share of $2.35, compared to a much larger loss per share figure of $882.62 in the prior year, reflecting a substantial reduction in the number of shares outstanding. No significant updates about business operations were mentioned in the report. The company's primary operations remain focused on the sale of cellular-based communications products across its key markets in Israel, Europe, and North America.

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