Siyata Mobile Reports Second Quarter 2025 Financial Results
Siyata Mobile (NASDAQ:SYTA), a developer of Push-to-Talk over Cellular handsets, reported its Q2 2025 financial results. The company recorded revenues of $2.0 million, showing a slight increase from $1.9 million in Q2 2024.
The company significantly reduced its net loss to $3.8 million from $12.9 million in the previous year. Adjusted EBITDA improved to ($2.9) million from ($3.8) million year-over-year. These results exclude any financial information from Core Gaming Inc., with whom Siyata signed a merger agreement in February 2025.
Siyata Mobile (NASDAQ:SYTA), sviluppatore di telefoni Push-to-Talk over Cellular, ha comunicato i suoi risultati finanziari del 2掳 trimestre 2025. La societ脿 ha registrato ricavi per $2,0 milioni, in lieve crescita rispetto a $1,9 milioni nello stesso trimestre del 2024.
La perdita netta 猫 stata notevolmente ridotta a $3,8 milioni rispetto a $12,9 milioni dell鈥檃nno precedente. L'EBITDA rettificato 猫 migliorato a ($2,9) milioni rispetto a ($3,8) milioni su base annua. Questi risultati escludono qualsiasi informazione finanziaria relativa a Core Gaming Inc., con la quale Siyata ha firmato un accordo di fusione a febbraio 2025.
Siyata Mobile (NASDAQ:SYTA), desarrollador de terminales Push-to-Talk over Cellular, present贸 sus resultados financieros del 2T de 2025. La compa帽铆a contabiliz贸 ingresos de $2,0 millones, un ligero aumento respecto a $1,9 millones en el 2T de 2024.
La p茅rdida neta se redujo significativamente hasta $3,8 millones desde $12,9 millones el a帽o anterior. El EBITDA ajustado mejor贸 a ($2,9) millones frente a ($3,8) millones interanuales. Estos resultados excluyen cualquier informaci贸n financiera de Core Gaming Inc., con la que Siyata firm贸 un acuerdo de fusi贸n en febrero de 2025.
Siyata Mobile (NASDAQ:SYTA), 響胳嫓韴啝韥� 鞓る矂 靺�耄半煬 雼旮� 臧滊皽鞐呾泊臧� 2025雲� 2攵勱赴 鞁れ爜鞚� 氚滍憸頄堨姷雼堧嫟. 須岇偓電� 毵れ稖 $2.0 million鞚� 旮半頃� 2024雲� 2攵勱赴鞚� $1.9 million鞐愳劀 靻岉彮 歃濌皜頄堨姷雼堧嫟.
靾滌啇鞁れ潃 韥� 韽溂搿� 臧愳唽頃� 鞝勲厔霃勳潣 $12.9 million鞐愳劀 $3.8 million鞙茧 欷勳棃鞀惦媹雼�. 臁办爼 EBITDA電� 鞝勲厔 雽�牍� ($2.9) million鞙茧 臧滌劆霅橃柎 ($3.8) million鞐愳劀 臧滌劆霅橃棃鞀惦媹雼�. 鞚� 鞁れ爜鞐愲姅 Siyata臧� 2025雲� 2鞗旍棎 頃╇硲 瓿勳暯鞚� 觳搓舶頃� Core Gaming Inc.鞚� 鞛 鞝曤炒電� 韽暔霅橃 鞎婌姷雼堧嫟.
Siyata Mobile (NASDAQ:SYTA), d茅veloppeur de terminaux Push-to-Talk over Cellular, a publi茅 ses r茅sultats financiers du 2e trimestre 2025. La soci茅t茅 a enregistr茅 des revenus de 2,0 millions $, en l茅g猫re hausse par rapport 脿 1,9 million $ au 2e trimestre 2024.
La perte nette a 茅t茅 fortement r茅duite, passant 脿 3,8 millions $ contre 12,9 millions $ l'ann茅e pr茅c茅dente. L'EBITDA ajust茅 s'est am茅lior茅 脿 (2,9) millions $ contre (3,8) millions $ sur un an. Ces r茅sultats excluent toute information financi猫re concernant Core Gaming Inc., avec laquelle Siyata a sign茅 un accord de fusion en f茅vrier 2025.
Siyata Mobile (NASDAQ:SYTA), ein Entwickler von Push-to-Talk-over-Cellular-Ger盲ten, ver枚ffentlichte seine Finanzergebnisse f眉r Q2 2025. Das Unternehmen erzielte Ums盲tze von $2,0 Millionen, ein leichter Anstieg gegen眉ber $1,9 Millionen im Q2 2024.
Der Nettoverlust wurde deutlich auf $3,8 Millionen reduziert gegen眉ber $12,9 Millionen im Vorjahr. Das bereinigte EBITDA verbesserte sich auf ($2,9) Millionen gegen眉ber ($3,8) Millionen im Jahresvergleich. Diese Zahlen schlie脽en jegliche Finanzinformationen von Core Gaming Inc. aus, mit dem Siyata im Februar 2025 eine Fusionsvereinbarung unterzeichnet hat.
- Net loss significantly reduced by 70.5% year-over-year to $3.8 million
- Adjusted EBITDA improved by 23.7% to ($2.9) million
- Slight revenue growth to $2.0 million from $1.9 million year-over-year
- Company continues to operate at a significant loss of $3.8 million
- Minimal revenue growth of only 5.3% year-over-year
- Negative adjusted EBITDA of ($2.9) million indicates ongoing operational challenges
These financial results pertain exclusively to Siyata Mobile Inc. and do not reflect or include any financial information or performance of Core Gaming Inc., a rising innovator in AI-driven creative technologies, who Siyata signed a definitive merger agreement with on听February 26, 2025听(subject to closing conditions).
Key financial highlights for the second quarter of 2025
- Revenues of
$2.0 million $1.9 million - Net loss was
$3.8 million $12.9 million - Adjusted EBITDA was
( versus$2.9) million ( in the year ago period.$3.8) million
About Siyata Mobile Inc.
Siyata Mobile Inc. is a B2B global developer and vendor of next-generation Push-To-Talk over Cellular handsets and accessories. Its portfolio of rugged PTT handsets and accessories enables first responders and enterprise workers to instantly communicate over a nationwide cellular network of choice, to increase situational awareness and save lives. Police, fire, and ambulance organizations as well as schools, utilities, security companies, hospitals, waste management companies, resorts and many other organizations use Siyata PTT handsets and accessories today.
In support of our Push-to-Talk handsets and accessories, Siyata also offers enterprise-grade In- Vehicle solutions and Cellular Booster systems enabling our customers to communicate effectively when they are in their vehicles, and even in areas where the cellular signal is weak.
Siyata sells its portfolio through leading North American cellular carriers, and through international cellular carriers and distributors.
Siyata's common shares trade on the Nasdaq under the ticker symbol "SYTA", and its prior issued common warrants trade on the Nasdaq under the ticker symbol "SYTAW".
Visit 听to learn more.
About Core Gaming
Core Gaming is an international AI driven mobile games developer and publisher headquartered in听Miami听. We create entertaining games for millions of players worldwide, while empowering other developers to deliver player-focused apps and games to enthusiasts. Core's mission is to be the leading global AI driven gaming company. Since our launch we have developed and co-developed over 2,100 games, driven over 780 million downloads, and generated a global footprint of over 40 million users from over 140 countries.
Visit听www.coregaming.co to learn more.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates" and similar expressions or variations of such words are intended to identify forward-looking statements. Because such statements deal with future events and are based on Siyata's current expectations, they are subject to various risks and uncertainties and actual results, performance, or achievements of Siyata could differ materially from those described in or implied by the statements in this press release. The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, including those discussed under the heading "Risk Factors" in Siyata's filings with the Securities and Exchange Commission ("SEC"), and in any subsequent filings with the SEC. Except as otherwise required by law, Siyata undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. References and links to websites and social media have been provided as a convenience, and the information contained on such websites or social media is not incorporated by reference into this press release.
View original content to download multimedia:
SOURCE Siyata Mobile Inc.
FAQ
What were Siyata Mobile's (SYTA) Q2 2025 earnings results?
How did Siyata Mobile's Q2 2025 performance compare to Q2 2024?
What is the status of Siyata Mobile's merger with Core Gaming Inc?
What is Siyata Mobile's main business?
