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April 1, 2025

Siyata Mobile Reports Major Losses but Plans for Growth Ahead with Core Gaming Merger

  • Siyata Mobile Inc. (NASDAQ:SYTA) reported an EPS of -18.55, significantly worse than the expected -6.99.
  • Actual revenue came in at approximately 1.52 million, far below the anticipated 5.76 million.
  • Despite these setbacks, a merger with Core Gaming, Inc. presents potential for new growth.

Siyata Mobile Inc. (NASDAQ:SYTA) specializes in developing Push-to-Talk over Cellular (PoC) handsets. The fourth quarter and full-year reports, released on March 31, 2025, indicate serious financial challenges, with an EPS of -18.55, which is significantly worse than the projected -6.99. This highlights critical losses currently faced by the company.

Revenue for this period was around 1.52 million, falling short of 5.76 million expected. This underperformance emphasizes ongoing difficulties in meeting market benchmarks. Nevertheless, the company is moving forward to close a merger agreement with Core Gaming, Inc., poised to create new growth avenues in the future.

Financially, the metrics show significant implications. The negative P/E ratio of about -2.99 indicates no profitability at this moment. The price-to-sales ratio rests at a mere 0.18, suggesting a low valuation concerning recent sales results.

The enterprise value to sales ratio is 0.49, indicating total valuation at 49 cents for every dollar of sales. Moreover, a negative enterprise value to operating cash flow ratio of -0.37 signifies cash flow generation obstacles within operations. The earnings yield is also negative at -33.48%.

However, itโ€™s worth noting that Siyata maintains a debt-to-equity ratio of 0.40, illustrating manageable debt levels. With a current ratio at 1.03, it shows it can cover its immediate liabilities, leaving room for potential growth as the Core Gaming merger progresses.

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