Siyata Cell (SYTA) Is at Its Lowest Market Cap of the 12 months and the Firm’s Future Has By no means Appeared Stronger
A powerful product line and acceptance by main cell networks are driving the corporate ahead.
Good day everybody,
Siyata Cell Inc. (NASDAQ: SYTA) is a B2B international vendor of subsequent technology Push-To-Discuss over Mobile (PoC) units and mobile booster techniques.
Present value $.84/share (as of 10:30 a.m. EDT 7-26-22)
SYTA shares closed the Tuesday session at $.835/share, nearly the identical value because the Monday session with 263K shares traded. In early buying and selling Wednesday SYTA shares are in search of traction.
The corporate’s future has by no means regarded stronger, and they’re reporting potential catalysts frequently proper now. The massive information in 2022 has been the channel/distribution companions the corporate has reached agreements to hold the new SD7 product on their networks with:
AT&T, FirstNet, Verizon, Logic Wi-fi, US Mobile, and Azetti, TASSTA (T-Cell and others will probably come on board).
In information simply launched this week, the SD7 gadget is now out there from TASSTA, a world MCPTT software program supplier and end-to-end resolution for vital communications. TASSTA has been acknowledged as a “Prime 10 Emergency Administration Options Suppliers” by Authorities CIO Outlook for 3 consecutive years. They cited the SD7’s battery life and robustness as causes for his or her selection. TASSTA, based mostly in Germany, targets industries together with, military, emergency companies, transport, constructing and building, healthcare, campus and buying facilities, ports, public transport, safety, authorities, and taxi companies.
The corporate’s Q122 earnings report, indicated a drop in revenues from Q121. We’ve talked about SYTA’s determination final yr to stroll away from most of its legacy merchandise and go all-in on its new applied sciences just like the SD7 and VK7 (described under). It was a daring transfer, and the corporate knew it might price them revenues within the quick time period.
However that transfer is paying off as SYTA introduced a $2.2M order for the SD7 and associated merchandise after Q1 this yr. The corporate has projected gross sales of $10-35M in 2023 and they’ll little doubt be ramping as much as that stage in 2022. The present value of SYTA shares seems like an irresistible worth ought to income projections come to fruition.
SYTA is a small firm. These big-name companion corporations I discussed above may also be promoting STYA merchandise. If a salesman walks into an city police division and says, “I’m from Siyata Cell and I wish to improve your two-way radio system,” they may probably hear “who’s Siyata Cell?” Nevertheless, if a salesman says “Hi there, I’m from Verizon” they’ve fast credibility.
The PTT over mobile market is dominated by huge gamers like Motorola. Is SYTA going to knock them out of the way in which? That may be good however not going. The worldwide push-to-talk over mobile market reached a price of $4.2 Billion in 2021. Trying ahead, IMARC Group expects the market to achieve $7.4 Billion by 2027, exhibiting a CAGR of 10% throughout 2022-2027. That signifies that each 1% of market share goes to be price $74M in revenues.
Statista tells us that the U.S. smartphone market is $74B and is dominated by Apple and Samsung (75%). Everybody I do know makes use of a type of manufacturers. OnePlus has captured simply 2% of the U.S. smartphone market and that small proportion generates $1.4B in annual revenues. If SYTA solely captures 2% (I consider it could possibly be a lot increased) of the PTT market they might generate $150M in revenues.
The SD7 is a sport changer. It really works similar to a two-way radio. However these old-style radios function on a closed community with a restricted vary. The SD7 is a mobile gadget that operates on networks equivalent to Verizon and AT&T, so their vary is nearly limitless. There are thousands and thousands of two-way radios around the globe ready to get replaced.
The Siyata SD7 is a extremely purposeful and rugged Android based mostly PTT solely handset. The SD7 is the cornerstone of the brand new line-up of merchandise for SYTA. The gadget is IP68 compliant, protected in opposition to mud and particles with drop safety. To me, it’s a rugged trying product and TASSTA cited lengthy battery life as part of its SD7 selection.
VK7 – an in-car mounted resolution that pairs with the SD7. Options an built-in 20-watt speaker, a easy slide-in connection sleeve for the SD7, and an exterior antenna connection for connecting to a windshield or roof mount antenna.
Uniden merchandise from SYTA:
The Uniden® UV350 – In-vehicle smartphone designed to optimize cell communications. Designed particularly for business automobiles making certain safer communication for skilled drivers.
The Uniden® CP250 – pill model gadget for voice calls, navigation, knowledge apps and built-in digicam. This gadget was designed to be put in on the sprint or mounted on a windshield, particularly for lighter business automobiles such taxis, vans, and supply vehicles.
Uniden® UR5 – one other rugged handheld cellphone. This gadget is IP68 MIL810-G compliant and has 4G/LTE pace, clear mobile name high quality.
Uniden® UR7 – a rugged good cellphone in a clamshell kind. It’s based mostly on a Qualcomm Snapdragon chipset supporting all North American bands together with 4G LTE.
(5) Fashions of Uniden mobile boosters for shoppers and enterprise. Uniden® Mobile Sign Booster kits are essentially the most technologically superior sign options out there at this time providing clear cellphone calls and quick knowledge speeds. They work with all mobile service suppliers 3G and 4G/LTE networks and are 5G prepared.
I’m offering a hyperlink to a video interview with SYTA CEO Marc Seelenfreund recorded July fifteenth and titled Siyata Cell: Disrupting the Land Cell Radio Trade with Subsequent Era Options. It’s a helpful supply of details about the corporate.
As soon as once more, SYTA statistics:
FYE is 12-31 (Figures under as of the latest quarter 3-31-22)
Excellent shares 15.1M
Shares in float 11.9M
Revenues (FYE 2021) $7.5M
Money (mrq) $9.2M
E-book worth (mrq) $1.20/share
Market cap $12.6M
As I stated above, SYTA is at its lowest market cap of the yr ($12.6M) and the corporate’s future has by no means regarded stronger. After I have a look at the chart under, with an RSI (14) of solely 30.74, I see the potential for a double-, or triple-digit bounce screaming at me.
This has squeeze potential to high it off.