- AustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
- Top Generative AI Stocks
- Top EV Stocks
- Biggest AI Companies
- Biggest Blockchain Stocks
- Biggest Cryptocurrency-mining Stocks
- Biggest Cybersecurity Companies
- Biggest Robotics Companies
- Biggest Social Media Companies
- Biggest Technology ETFs
- Artificial Intellgience ETFs
- Robotics ETFs
- Canadian Cryptocurrency ETFs
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
- Cannabis Weekly Round-Up
- Top Alzheimer's Treatment Stocks
- Top Biotech Stocks
- Top Plant-based Food Stocks
- Biggest Cannabis Stocks
- Biggest Pharma Stocks
- Longevity Stocks to Watch
- Psychedelics Stocks to Watch
- Top Cobalt Stocks
- Small Biotech ETFs to Watch
- Top Life Science ETFs
- Biggest Pharmaceutical ETFs
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
Siyata Mobile Posts Record Quarter of $5.2MM in Revenue, Positive EBITDA, Record North American Sales
Siyata Mobile (TSXV:SIM) has announced it has filed its Q2 2017 financial results. As quoted in the press release: Highlights Q2 2017 revenue of ~$5.2MM versus ~$2MM in Q2 2016, a ~150% increase in sales over Q2 2016; Adjusted EDITBA of $157K for Q2 2017 versus negative $210K for Q2 2016 Record North American sales …
Siyata Mobile (TSXV:SIM) has announced it has filed its Q2 2017 financial results.
As quoted in the press release:
Highlights
- Q2 2017 revenue of ~$5.2MM versus ~$2MM in Q2 2016, a ~150% increase in sales over Q2 2016;
- Adjusted EDITBA of $157K for Q2 2017 versus negative $210K for Q2 2016
- Record North American sales of $1.2MM in Q2 2017 versus $344K in Q2 2016, a 271% increase over Q2 2016 NA Sales;
- Gross margin for Q2 was $1,408K (27.16% of Sales) versus Q2 2016 gross margin of $485K (24.17% of Sales), a 190% increase over Q2 2016;
- Working capital of $8.4MM as of June 30, 2017, and an additional ~$3.5MM received from exercise of warrants in July.
Marc Seelenfreund, CEO and Chairman of Siyata Mobile, commented, “We are very pleased with our Q2 results and continued strong growth. The Company had record sales in North America for the quarter as we are focused on this large-scale market opportunity with a mission to be the dominant player in the connected in-vehicle space. We believe that the addition of our next generation products recently announced will allow us to continue growing rapidly.”
Latest News
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.