What's Going On With Siyata Mobile Stock Thursday?

Dylan Berman

December 12, 2024

Siyata Mobile, Inc. (NASDAQ:SYTA) shares are trading higher on Thursday after the company made several key announcements. Here’s what you need to know.

What To Know: The company announced that it reported its highest-ever quarterly revenue of $5.9 million on Nov. 14, marking a 200% year-over-year increase. Additionally, Siyata reported that it secured a $2.5 million order last month for delivery in the first quarter of 2025.

The order includes a mix of PoC handsets and Real-Time View devices for an existing client. These milestones come ahead of a late Dec. 2024 press event, where Siyata plans to unveil a significant new development.

“Siyata is in the best position it’s been in since our company’s inception, as our capital expenditures have directly improved all performance metrics, and we look forward to delivering continued successful results. Please tune into our upcoming press conference, which will highlight a next-level shareholder value creation event that you surely won’t want to miss,” said Marc Seelenfreund, Siyata’s CEO.

Related Link: Why Is Insurance Firm Centene Stock Trading Higher On Thursday?

SYTA Price Action: At the time of writing, Siyata shares are trading 15.6% higher at 86 cents, according to data from Benzinga Pro.

Image: 1081412 from Pixabay.

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