Siyata Mobile Announces Fourth Quarter and Full-Year 2023 Financial Results
Siyata Mobile Announces Fourth Quarter and Full-Year 2023 Financial Results
- Full-year 2023 Revenue of $8.2 Million, up 27% year-over-year
- Company to host conference call at 8:30 a.m. ET on Tuesday April 9, 2024
- 2023 年全年收入为 820 万美元，同比增长 27%
- 公司将于美国东部时间2024年4月9日星期二上午 8:30 举行电话会议
VANCOUVER, BC / ACCESSWIRE / April 8, 2024 / Siyata Mobile Inc. (NASDAQ:SYTA)(NASDAQ:SYTAW) ("Siyata" or the "Company"), a global vendor of Push-to-Talk over Cellular (PoC) devices and cellular signal booster systems, announced its financial results for the three and 12 months ended December 31, 2023.
不列颠哥伦比亚省温哥华/ACCESSWIRE /2024 年 4 月 8 日/Siyata Mobile Inc. （纳斯达克股票代码：SYTA）（纳斯达克股票代码：SYTAW） 蜂窝一键通（PoC）设备和蜂窝信号增强系统的全球供应商（“Siyata” 或 “公司”）公布了截至2023年12月31日的三个月和十二个月的财务业绩。
Marc Seelenfreund, CEO of Siyata, said, "2023 was a year of strong growth and expansion for Siyata Mobile. Revenue increased 27% and gross margin increased 92% over 2022 as we expanded the use cases for our SD7 PTT handsets into new verticals, landed wins in new geographies, added new distribution channels, and achieved 'stocked status' with two of the largest U.S. cellular carriers with a third expected imminently. Demand for our devices is growing as an increasing number of customers are choosing to transition away from legacy LMR devices to PTT solutions, and we are well-positioned to capitalized on this trend with our SD7 PTT Handset and extensive accessories portfolio, the only direct radio replacement currently offered by leading U.S. wireless carriers."
Siyata首席执行官马克·西伦弗伦德表示：“2023年是Siyata Mobile强劲增长和扩张的一年。与2022年相比，收入增长了27％，毛利率增长了92％，这要归因于我们将SD7 PTT手机的用例扩展到了新的垂直领域，在新的地区取得了胜利，增加了新的分销渠道，并实现了美国最大的两家蜂窝运营商的 “库存状态”，预计将有三分之一的运营商。随着越来越多的客户选择从传统的LMR设备过渡到PTT解决方案，对我们设备的需求也在增长，我们完全有能力利用这一趋势利用我们的SD7 PTT手机和丰富的配件组合，这是美国领先无线运营商目前提供的唯一直接无线电替代品。”
Seelenfreund added, "Our pipeline of new business opportunities is healthy and growing with multiple very large scale potential customers in the final stages of their device trials giving us great confidence in achieving dramatic sales momentum in 2024. The core fundamentals are in place to grow our business in North America and internationally and clearly, we are executing. Looking ahead, we are fully committed to ramping our sales aggressively and reaching profitability in the coming quarters.
Seelenfreund补充说：“我们的新商机渠道健康且不断增长，有多个超大规模潜在客户处于设备试验的最后阶段，这使我们对在2024年实现惊人的销售势头充满信心。我们在北美和国际上发展业务的核心基础已经准备就绪，显然，我们正在执行。展望未来，我们完全致力于积极提高销售额，并在未来几个季度实现盈利。
Key financial highlights for the 12 months ended December 31, 2023:
截至2023年12月31日的12个月的主要财务亮点：
- Revenues were $8.2 million compared to $6.5 million for the 12 months ended December 31, 2022.
- Net loss was $12.9 million as compared to a net loss of $15.2 million in the same period in the prior year.
- Adjusted EBITDA was negative $7.8 million versus negative $12.6 million in the prior year.
- 收入为820万美元，而截至2022年12月31日的12个月为650万美元。
- 净亏损为1,290万美元，而去年同期的净亏损为1,520万美元。
- 调整后的息税折旧摊销前利润为负780万美元，而去年同期为负1,260万美元。
Key financial highlights for the three months ended December 31, 2023:
截至2023年12月31日的三个月的主要财务亮点：
- Revenues were $1.9 million compared to $2.1 million for the three months ended December 31, 2022.
- Net loss was $3.9 million as compared to a net loss of $6.6 million in the same period in the prior year.
- Adjusted EBITDA was negative $2.3 million versus negative $5.0 million in the same period in the prior year.
- 收入为190万美元，而截至2022年12月31日的三个月为210万美元。
- 净亏损为390万美元，而去年同期的净亏损为660万美元。
- 调整后的息税折旧摊销前利润为负230万美元，而去年同期为负500万美元。
Liquidity and Capital Resources
流动性和资本资源
As of December 31, 2023, the Company had a cash balance of $0.9 million and working capital of $1.3 million compared to $1.9 million and $1.6 million, respectively, as of December 31, 2022.
截至2023年12月31日，该公司的现金余额为90万美元，营运资金为130万美元，而截至2022年12月31日，分别为190万美元和160万美元。
Conference Call Details
电话会议详情
The Company will host a conference call at 8:30 a.m. ET on Tuesday, April 9, 2024 to discuss its fourth quarter and full year 2023 financial results. Following management's formal remarks there will be a question-and-answer session.
该公司将于美国东部时间2024年4月9日星期二上午8点30分举行电话会议，讨论其第四季度和2023年全年财务业绩。管理层发表正式讲话后，将举行问答环节。
Date: Tuesday, April 9, 2024
Time: 8:30 a.m. Eastern Time/5:30 a.m. Pacific Time
North America dial-in number: +1 (888) 506-0062
International toll-free dial-in number: +1 (973) 528-0011
Access Code: 733080
日期：2024 年 4 月 9 日星期二
时间：美国东部时间上午 8:30 /太平洋时间上午 5:30
北美拨入号码：+1 (888) 506-0062
国际免费拨入号码：+1 (973) 528-0011
接入码：733080
A replay will be available until April 23, 2024. To access the replay, dial +1 (877) 481-4010 or +1 (919) 882-2331. When prompted, enter Passcode 50110.
重播将持续到2024年4月23日。要观看重播，请拨打 +1 (877) 481-4010 或 +1 (919) 882-2331。出现提示时，输入密码 50110。
The call will also be available over the Internet and accessible at:
该电话也将通过互联网提供，可通过以下网址进行访问：
About Siyata Mobile
关于 Siyata Mobile
Siyata Mobile Inc. is a B2B global vendor of next generation Push-To-Talk over Cellular devices and cellular booster systems. Its portfolio of in-vehicle and rugged devices enable first responders and enterprise workers to instantly communicate, over a nationwide cellular network of choice, to increase situational awareness and save lives.
Siyata Mobile Inc. 是通过蜂窝设备和蜂窝增强系统提供下一代一键通话的B2B全球供应商。其车载和坚固耐用设备组合使急救人员和企业工作人员能够通过选择的全国蜂窝网络即时通信，以提高态势感知能力并挽救生命。
Its portfolio of enterprise grade and consumer cellular booster systems enables first responders and enterprise workers to amplify cellular signal in remote areas, inside structural buildings where signals are weak and within vehicles for the maximum cellular signal strength possible.
其企业级和消费类蜂窝增强器系统组合使急救人员和企业工作人员能够在偏远地区、信号较弱的结构建筑物内以及车辆内部放大蜂窝信号，以最大限度地提高蜂窝信号强度。
Siyata's common shares trade on the Nasdaq under the symbol "SYTA" and its previously issued warrants trade on the Nasdaq under the symbol "SYTAW."
Siyata的普通股在纳斯达克交易，代码为 “SYTA”，其先前发行的认股权证在纳斯达克交易，代码为 “SYTAW”。
Visit siyatamobile.com and unidencellular.com to learn more.
访问 siyatamobile.com 和 unidencellular.com 了解更多信息。
Investor Relations (Canada):
Kin Communications
1-866-684-6730
SYTA@kincommunications.com
投资者关系（加拿大）：
亲属通讯
1-866-684-6730
SYTA@kincommunications.com
Investor Relations (United States):
Brett Maas
Hayden IR
SYTA@Haydenir.com
646-536-7331
投资者关系（美国）：
布雷特·马斯
Hayden IR
SYTA@Haydenir.com
646-536-7331
Siyata Mobile Corporate:
Glenn Kennedy, VP of International Sales
Siyata Mobile Inc.
glenn@siyata.net
Siyata 移动公司：
格伦·肯尼迪，国际销售副总裁
Siyata Mobile Inc.
glenn@siyata.net
Forward Looking Statements
前瞻性陈述
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.
本新闻稿包含1995年《私人证券诉讼改革法》和其他联邦证券法的 “安全港” 条款所指的前瞻性陈述。诸如 “期望”、“预期”、“打算”、“计划”、“相信”、“寻求”、“估计” 之类的词语以及此类词语的类似表达方式或变体旨在识别前瞻性陈述。由于此类声明涉及未来的事件并基于Siyata目前的预期，因此它们受各种风险和不确定性的影响，Siyata的实际业绩、表现或成就可能与本新闻稿中描述或暗示的业绩、表现或成就存在重大差异。本新闻稿中包含或暗示的前瞻性陈述受其他风险和不确定性的影响，包括Siyata向美国证券交易委员会（“SEC”）提交的文件以及随后向美国证券交易委员会提交的任何文件中在 “风险因素” 标题下讨论的前瞻性陈述。除非法律另有要求，否则Siyata没有义务公开发布对这些前瞻性陈述的任何修订，以反映本陈述发布之日之后的事件或情况或反映意外事件的发生。为方便起见，提供了网站和社交媒体的参考和链接，此类网站或社交媒体上包含的信息未以引用方式纳入本新闻稿中。
-- Tables Follow --
--表格关注--
Siyata Mobile Inc.
Condensed Consolidated Statements of Financial Position
(Expressed in US dollars)
Siyata Mobile Inc.
简明合并财务状况表
（以美元表示）
|
December 31, 2023 |
December 31, 2022 |
|||||||
ASSETS |
||||||||
Current |
||||||||
Cash |
$ | 898,771 | $ | 1,913,742 | ||||
Trade and other receivables (Note 4) |
1,181,257 | 1,574,628 | ||||||
Prepaid expenses |
29,673 | 173,504 | ||||||
Inventory (Note 5) |
3,544,519 | 4,092,550 | ||||||
Advance to suppliers |
1,048,227 | 155,852 | ||||||
| 6,702,447 | 7,910,276 | |||||||
Long term receivable |
147,100 | 150,185 | ||||||
Right of use assets, net (Note 6) |
630,793 | 887,137 | ||||||
Equipment, net |
175,335 | 207,402 | ||||||
Intangible assets, net (Note 7) |
7,856,730 | 6,987,531 | ||||||
Total assets |
$ | 15,512,405 | $ | 16,142,531 | ||||
LIABILITIES AND SHAREHOLDERS' EQUITY |
||||||||
Current |
||||||||
Bank loan (Note 8) |
$ | 89,298 | $ | - | ||||
Sale of future receipts (Note 9) |
1,467,899 | - | ||||||
Accounts payable and accrued liabilities |
3,449,103 | 3,078,650 | ||||||
Deferred revenue |
2,025 | 149,600 | ||||||
Lease obligations (Note 10) |
254,668 | 303,788 | ||||||
Warrant liability (Note 11) |
156,433 | 2,734,804 | ||||||
| 5,419,426 | 6,266,842 | |||||||
Lease obligations (Note 10) |
385,639 | 635,217 | ||||||
Total liabilities |
5,805,065 | 6,902,059 | ||||||
Shareholders' equity |
||||||||
Share capital (Note 12) |
85,714,727 | 73,312,866 | ||||||
Reserves (Note 12) |
14,644,200 | 13,647,399 | ||||||
Accumulated other comprehensive loss |
98,870 | 98,870 | ||||||
Deficit |
(90,750,457) | (77,818,663) | ||||||
| 9,707,340 | 9,240,472 | |||||||
Total liabilities and shareholders' equity |
$ | 15,512,405 | $ | 16,142,531 | ||||
| 十二月 31, 2023 |
十二月 31, 2022 |
|||||||
资产 |
||||||||
当前 |
||||||||
现金 |
$ | 898,771 | $ | 1,913,742 | ||||
贸易和其他应收账款（注4） |
1,181,257 | 1,574,628 | ||||||
预付费用 |
29,673 | 173,504 | ||||||
库存（注释5） |
3,544,519 | 4,092,550 | ||||||
向供应商预付款 |
1,048,227 | 155,852 | ||||||
| 6,702,447 | 7,910,276 | |||||||
长期应收账款 |
147,100 | 150,185 | ||||||
使用权资产，净额（注6） |
630,793 | 887,137 | ||||||
设备，网 |
175,335 | 207,402 | ||||||
无形资产，净额（注7） |
7,856,730 | 6,987,531 | ||||||
总资产 |
$ | 15,512,405 | $ | 16,142,531 | ||||
负债和股东权益 |
||||||||
当前 |
||||||||
银行贷款（注8） |
$ | 89,298 | $ | - | ||||
出售未来收据（注9） |
1,467,899 | - | ||||||
应付账款和应计负债 |
3,449,103 | 3,078,650 | ||||||
递延收入 |
2,025 | 149,600 | ||||||
租赁义务（附注10） |
254,668 | 303,788 | ||||||
认股权证责任（注11） |
156,433 | 2,734,804 | ||||||
| 5,419,426 | 6,266,842 | |||||||
租赁义务（附注10） |
385,639 | 635,217 | ||||||
负债总额 |
5,805,065 | 6,902,059 | ||||||
股东权益 |
||||||||
股本（附注12） |
85,714,727 | 73,312,866 | ||||||
储备（附注12） |
14,644,200 | 13,647,399 | ||||||
累计其他综合亏损 |
98,870 | 98,870 | ||||||
赤字 |
(90,750,457) | (77,818,663) | ||||||
| 9,707,340 | 9,240,472 | |||||||
负债和股东权益总额 |
$ | 15,512,405 | $ | 16,142,531 | ||||
Siyata Mobile Inc.
Condensed Consolidated Statements of Loss and Comprehensive Loss
(Expressed in US dollars)
For the three and 12 months ended December 31
Siyata Mobile Inc.
简明合并亏损报表和综合亏损表
（以美元表示）
在截至12月31日的三个月和十二个月中
| 12 months ended | 12 months ended |
3 months ended |
3 months ended |
|||||||||||||
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2022 | |||||||||||||
Revenue |
8,233,301 | 6,481,910 | 1,877,557 | 2,111,523 | ||||||||||||
Cost Of Sales |
(5,575,372) | (5,092,011) | (1,010,732) | (1,941,451) | ||||||||||||
Gross Profit |
2,657,929 | 1,389,899 | 866,825 | 170,072 | ||||||||||||
| 32.3% | 21.4% | 46.2% | 8.1% | |||||||||||||
Expenses |
||||||||||||||||
Amortization and depreciation (Note 6,7) |
1,754,957 | 1,142,165 | 446,318 | 330,931 | ||||||||||||
Development expenses (Note 7) |
578,356 | 339,828 | 405,254 | 39,891 | ||||||||||||
Selling and marketing (Note 14) |
4,784,994 | 4,723,309 | 1,320,066 | 1,289,108 | ||||||||||||
General and administrative (Note 15) |
6,080,014 | 7,435,016 | 1,667,918 | 2,750,314 | ||||||||||||
(Gain) loss on valuation of inventory (Note 5) |
(161,450) | 813,205 | (161,450) | 509,889 | ||||||||||||
Loss (income) from water damage (Note 5) |
(834,713) | 544,967 | (49,272) | 544,967 | ||||||||||||
Bad debts (recovered) (Note 4) |
47,526 | 86,103 | 20,866 | 22,818 | ||||||||||||
Share-based payments (Note 12) |
930,564 | 2,888,704 | 156,959 | 410,009 | ||||||||||||
Total Operating Expenses |
13,180,248 | 17,973,297 | 3,806,659 | 5,897,927 | ||||||||||||
Net Operating Loss |
(10,522,319) | (16,583,398) | (2,939,834) | (5,727,855) | ||||||||||||
OTHER EXPENSES |
||||||||||||||||
Finance expense (Note 16) |
841,815 | 181,413 | 732,782 | 52,967 | ||||||||||||
Foreign exchange |
(49,258) | 586,794 | 139,236 | 387,259 | ||||||||||||
Change in fair value of convertible promissory note |
- | 4,794,710 | - | 1,069,348 | ||||||||||||
Change in fair value of warrant liability (Note 11) |
- | - | - | |||||||||||||
Transaction costs (Note 17) |
1,517,389 | (8,245,662) | (44,376) | (1,082,474) | ||||||||||||
Transaction Costs |
99,529 | 1,398,598 | 99,529 | 433,351 | ||||||||||||
Total Other Expenses |
2,409,475 | (1,284,147) | 927,171 | 860,451 | ||||||||||||
Net Loss For The Period |
(12,931,794) | (15,299,251) | (3,867,005) | (6,588,306) | ||||||||||||
Translation Adjustment |
- | 137,609 | (1,019) | |||||||||||||
Comprehensive Loss For The Period |
(12,931,794) | (15,161,642) | (3,867,005) | (6,589,325) | ||||||||||||
Weighted average shares |
228,578 | 29,964 | 463,229 | 56,791 | ||||||||||||
Basic and diluted loss per share |
$ | (56.57) | $ | (510.59) | $ | (8.35) | $ | (116.03) | ||||||||
| 12 个月已结束 | 12 个月已结束 | 3 个月 已结束 |
3 个月 已结束 |
|||||||||||||
| 2023年12月31日 | 2022年12月31日 | 2023年12月31日 | 2022年12月31日 | |||||||||||||
收入 |
8,233,301 | 6,481,910 | 1,877,557 | 2,111,523 | ||||||||||||
销售成本 |
(5,575,372) | (5,092,011) | (1,010,732) | (1,941,451) | ||||||||||||
毛利 |
2,657,929 | 1,389,899 | 866,825 | 170,072 | ||||||||||||
| 32.3% | 21.4% | 46.2% | 8.1% | |||||||||||||
开支 |
||||||||||||||||
摊销和折旧（附注6,7） |
1,754,957 | 1,142,165 | 446,318 | 330,931 | ||||||||||||
开发费用（注7） |
578,356 | 339,828 | 405,254 | 39,891 | ||||||||||||
销售和营销（注14） |
4,784,994 | 4,723,309 | 1,320,066 | 1,289,108 | ||||||||||||
一般和行政（注15） |
6,080,014 | 7,435,016 | 1,667,918 | 2,750,314 | ||||||||||||
存货估值（收益）损失（附注5） |
(161,450) | 813,205 | (161,450) | 509,889 | ||||||||||||
水灾造成的损失（收入）（注5） |
(834,713) | 544,967 | (49,272) | 544,967 | ||||||||||||
坏账（已追回）（注4） |
47,526 | 86,103 | 20,866 | 22,818 | ||||||||||||
基于股份的付款（注12） |
930,564 | 2,888,704 | 156,959 | 410,009 | ||||||||||||
总运营费用 |
13,180,248 | 17,973,297 | 3,806,659 | 5,897,927 | ||||||||||||
净营业亏损 |
(10,522,319) | (16,583,398) | (2,939,834) | (5,727,855) | ||||||||||||
其他开支 |
||||||||||||||||
财务费用（附注16） |
841,815 | 181,413 | 732,782 | 52,967 | ||||||||||||
外汇 |
(49,258) | 586,794 | 139,236 | 387,259 | ||||||||||||
可转换本票公允价值的变化 |
- | 4,794,710 | - | 1,069,348 | ||||||||||||
认股权证负债公允价值的变化（注11） |
- | - | - | |||||||||||||
交易成本（注17） |
1,517,389 | (8,245,662) | (44,376) | (1,082,474) | ||||||||||||
交易成本 |
99,529 | 1,398,598 | 99,529 | 433,351 | ||||||||||||
其他费用总额 |
2,409,475 | (1,284,147) | 927,171 | 860,451 | ||||||||||||
该期间的净亏损 |
(12,931,794) | (15,299,251) | (3,867,005) | (6,588,306) | ||||||||||||
翻译调整 |
- | 137,609 | (1,019) | |||||||||||||
该期间的综合亏损 |
(12,931,794) | (15,161,642) | (3,867,005) | (6,589,325) | ||||||||||||
加权平均份额 |
228,578 | 29,964 | 463,229 | 56,791 | ||||||||||||
每股基本亏损和摊薄后亏损 |
$ | (56.57) | $ | (510.59) | $ | (8.35) | $ | (116.03) | ||||||||
Reconciliation to Adjusted EBITDA
(Expressed in US dollars)
For the three and 12 months ended December 31, 2023 and 2022
调整后息税折旧摊销前利润的对账
（以美元表示）
在截至2023年12月31日和2022年12月31日的三个月和十二个月中
Adjusted EBITDA for the twelve months ended December 31, 2023 and 2022
截至2023年12月31日和2022年12月31日的十二个月调整后的息税折旧摊销前利润
| Jan-Dec | Jan-Dec | |||||||
| 2023 | 2022 | |||||||
Net operating loss |
(10,522,319) | (16,583,398) | ||||||
Addback share based compensation |
930,564 | 2,888,704 | ||||||
Addback amortization |
1,754,957 | 1,142,165 | ||||||
Adjusted EBITDA |
(7,836,798) | (12,552,529) | ||||||
| 一月至十二月 | 一月至十二月 | |||||||
| 2023 | 2022 | |||||||
净营业亏损 |
(10,522,319) | (16,583,398) | ||||||
基于加成份额的薪酬 |
930,564 | 2,888,704 | ||||||
追加摊销 |
1,754,957 | 1,142,165 | ||||||
调整后 EBITDA |
(7,836,798) | (12,552,529) | ||||||
Adjusted EBITDA for the three months ended December 31, 2023 and 2022
截至2023年12月31日和2022年12月31日的三个月调整后的息税折旧摊销前利润
| 3 months ended Dec | 3 months ended Dec | |||||||
| 2023 | 2022 | |||||||
Net operating loss |
(2,939,834) | (5,727,855) | ||||||
Addback share based compensation |
156,959 | 410,009 | ||||||
Addback amortization |
446,318 | 330,931 | ||||||
Adjusted EBITDA |
(2,336,557) | (4,986,915) | ||||||
| 截至 12 月的 3 个月 | 截至 12 月的 3 个月 | |||||||
| 2023 | 2022 | |||||||
净营业亏损 |
(2,939,834) | (5,727,855) | ||||||
基于加成份额的薪酬 |
156,959 | 410,009 | ||||||
追加摊销 |
446,318 | 330,931 | ||||||
调整后 EBITDA |
(2,336,557) | (4,986,915) | ||||||
SOURCE: Siyata Mobile, Inc.
来源：Siyata Mobile, Inc.