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Siyata Mobile has 161% upside, Beacon Securities says

December 1, 2017

Earlier this week, Siyata Mobile Inc. (TSX-V:SIM | OTCQX: SYATF) posted its Q3 2017 results, with the company generating EBITDA of $98,000 on revenue of $4.9-million, a topline that was up 32% over the same period last year. In an article by Cantech Letter, it notes an update to clients from Beacon Securities analyst, Gabriel Leung.

Please find an excerpt, and a link to the full article below.

Caption: Uniden® U7 HULK Clamshell Device

Leung notes that Siyata’s sales figures are still mainly driven by it legacy devices. He thinks that when its 4G/LTE UV350, which is still in device approval phase, is ready to go it could be a considerable driver of revenue and gross margin.”

“Bottom-line, we believe the Q3 results represented another good quarter of organic growth,” the analyst says. “We believe this pace of growth could be sustained over the near-to-mid-term as the company continues to execute on its partner strategy, particularly for its new 4G products with its North American cellular operator and other partners.”

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