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 年全年收入爲 820 萬美元，同比增長 27%
- 公司將於美國東部時間2024年4月9日星期二上午 8:30 舉行電話會議
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.
不列顛哥倫比亞省溫哥華/ACCESSWIRE /2024 年 4 月 8 日/Siyata Mobile Inc. （納斯達克股票代碼：SYTA）（納斯達克股票代碼：SYTAW） 蜂窩一鍵通（PoC）設備和蜂窩信號增強系統的全球供應商（“Siyata” 或 “公司”）公佈了截至2023年12月31日的三個月和十二個月的財務業績。
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首席執行官馬克·西倫弗倫德表示：“2023年是Siyata Mobile強勁增長和擴張的一年。與2022年相比，收入增長了27％，毛利率增長了92％，這要歸因於我們將SD7 PTT手機的用例擴展到了新的垂直領域，在新的地區取得了勝利，增加了新的分銷渠道，並實現了美國最大的兩家蜂窩運營商的 “庫存狀態”，預計將有三分之一的運營商。隨着越來越多的客戶選擇從傳統的LMR設備過渡到PTT解決方案，對我們設備的需求也在增長，我們完全有能力利用這一趨勢利用我們的SD7 PTT手機和豐富的配件組合，這是美國領先無線運營商目前提供的唯一直接無線電替代品。”
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補充說：“我們的新商機渠道健康且不斷增長，有多個超大規模潛在客戶處於設備試驗的最後階段，這使我們對在2024年實現驚人的銷售勢頭充滿信心。我們在北美和國際上發展業務的核心基礎已經準備就緒，顯然，我們正在執行。展望未來，我們完全致力於積極提高銷售額，並在未來幾個季度實現盈利。
Key financial highlights for the 12 months ended December 31, 2023:
截至2023年12月31日的12個月的主要財務亮點：
- 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.
- 收入爲820萬美元，而截至2022年12月31日的12個月爲650萬美元。
- 淨虧損爲1,290萬美元，而去年同期的淨虧損爲1,520萬美元。
- 調整後的息稅折舊攤銷前利潤爲負780萬美元，而去年同期爲負1,260萬美元。
Key financial highlights for the three months ended December 31, 2023:
截至2023年12月31日的三個月的主要財務亮點：
- 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.
- 收入爲190萬美元，而截至2022年12月31日的三個月爲210萬美元。
- 淨虧損爲390萬美元，而去年同期的淨虧損爲660萬美元。
- 調整後的息稅折舊攤銷前利潤爲負230萬美元，而去年同期爲負500萬美元。
Liquidity and Capital Resources
流動性和資本資源
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，該公司的現金餘額爲90萬美元，營運資金爲130萬美元，而截至2022年12月31日，分別爲190萬美元和160萬美元。
Conference Call Details
電話會議詳情
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.
該公司將於美國東部時間2024年4月9日星期二上午8點30分舉行電話會議，討論其第四季度和2023年全年財務業績。管理層發表正式講話後，將舉行問答環節。
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
時間：美國東部時間上午 8:30 /太平洋時間上午 5:30
北美撥入號碼：+1 (888) 506-0062
國際免費撥入號碼：+1 (973) 528-0011
接入碼：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.
重播將持續到2024年4月23日。要觀看重播，請撥打 +1 (877) 481-4010 或 +1 (919) 882-2331。出現提示時，輸入密碼 50110。
The call will also be available over the Internet and accessible at:
該電話也將通過互聯網提供，可通過以下網址進行訪問：
About Siyata Mobile
關於 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. 是通過蜂窩設備和蜂窩增強系統提供下一代一鍵通話的B2B全球供應商。其車載和堅固耐用設備組合使急救人員和企業工作人員能夠通過選擇的全國蜂窩網絡即時通信，以提高態勢感知能力並挽救生命。
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.
其企業級和消費類蜂窩增強器系統組合使急救人員和企業工作人員能夠在偏遠地區、信號較弱的結構建築物內以及車輛內部放大蜂窩信號，以最大限度地提高蜂窩信號強度。
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的普通股在納斯達克交易，代碼爲 “SYTA”，其先前發行的認股權證在納斯達克交易，代碼爲 “SYTAW”。
Visit siyatamobile.com and unidencellular.com to learn more.
訪問 siyatamobile.com 和 unidencellular.com 了解更多信息。
Investor Relations (Canada):
Kin Communications
1-866-684-6730
SYTA@kincommunications.com
投資者關係（加拿大）：
親屬通訊
1-866-684-6730
SYTA@kincommunications.com
Investor Relations (United States):
Brett Maas
Hayden IR
SYTA@Haydenir.com
646-536-7331
投資者關係（美國）：
佈雷特·馬斯
Hayden IR
SYTA@Haydenir.com
646-536-7331
Siyata Mobile Corporate:
Glenn Kennedy, VP of International Sales
Siyata Mobile Inc.
glenn@siyata.net
Siyata 移動公司：
格倫·肯尼迪，國際銷售副總裁
Siyata Mobile Inc.
glenn@siyata.net
Forward Looking Statements
前瞻性陳述
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.
本新聞稿包含1995年《私人證券訴訟改革法》和其他聯邦證券法的 “安全港” 條款所指的前瞻性陳述。諸如 “期望”、“預期”、“打算”、“計劃”、“相信”、“尋求”、“估計” 之類的詞語以及此類詞語的類似表達方式或變體旨在識別前瞻性陳述。由於此類聲明涉及未來的事件並基於Siyata目前的預期，因此它們受各種風險和不確定性的影響，Siyata的實際業績、表現或成就可能與本新聞稿中描述或暗示的業績、表現或成就存在重大差異。本新聞稿中包含或暗示的前瞻性陳述受其他風險和不確定性的影響，包括Siyata向美國證券交易委員會（“SEC”）提交的文件以及隨後向美國證券交易委員會提交的任何文件中在 “風險因素” 標題下討論的前瞻性陳述。除非法律另有要求，否則Siyata沒有義務公開發布對這些前瞻性陳述的任何修訂，以反映本陳述發佈之日之後的事件或情況或反映意外事件的發生。爲方便起見，提供了網站和社交媒體的參考和鏈接，此類網站或社交媒體上包含的信息未以引用方式納入本新聞稿中。
-- Tables Follow --
--表格關注--
Siyata Mobile Inc.
Condensed Consolidated Statements of Financial Position
(Expressed in US dollars)
Siyata Mobile Inc.
簡明合併財務狀況表
（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 |
|||||||
資產 |
||||||||
當前 |
||||||||
現金 |
$ | 898,771 | $ | 1,913,742 | ||||
貿易和其他應收賬款（注4） |
1,181,257 | 1,574,628 | ||||||
預付費用 |
29,673 | 173,504 | ||||||
庫存（註釋5） |
3,544,519 | 4,092,550 | ||||||
向供應商預付款 |
1,048,227 | 155,852 | ||||||
| 6,702,447 | 7,910,276 | |||||||
長期應收賬款 |
147,100 | 150,185 | ||||||
使用權資產，淨額（注6） |
630,793 | 887,137 | ||||||
設備，網 |
175,335 | 207,402 | ||||||
無形資產，淨額（注7） |
7,856,730 | 6,987,531 | ||||||
總資產 |
$ | 15,512,405 | $ | 16,142,531 | ||||
負債和股東權益 |
||||||||
當前 |
||||||||
銀行貸款（注8） |
$ | 89,298 | $ | - | ||||
出售未來收據（注9） |
1,467,899 | - | ||||||
應付賬款和應計負債 |
3,449,103 | 3,078,650 | ||||||
遞延收入 |
2,025 | 149,600 | ||||||
租賃義務（附註10） |
254,668 | 303,788 | ||||||
認股權證責任（注11） |
156,433 | 2,734,804 | ||||||
| 5,419,426 | 6,266,842 | |||||||
租賃義務（附註10） |
385,639 | 635,217 | ||||||
負債總額 |
5,805,065 | 6,902,059 | ||||||
股東權益 |
||||||||
股本（附註12） |
85,714,727 | 73,312,866 | ||||||
儲備（附註12） |
14,644,200 | 13,647,399 | ||||||
累計其他綜合虧損 |
98,870 | 98,870 | ||||||
赤字 |
(90,750,457) | (77,818,663) | ||||||
| 9,707,340 | 9,240,472 | |||||||
負債和股東權益總額 |
$ | 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.
簡明合併虧損報表和綜合虧損表
（以美元表示）
在截至12月31日的三個月和十二個月中
| 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 個月已結束 | 12 個月已結束 | 3 個月 已結束 |
3 個月 已結束 |
|||||||||||||
| 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 | ||||||||||||
銷售成本 |
(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% | |||||||||||||
開支 |
||||||||||||||||
攤銷和折舊（附註6,7） |
1,754,957 | 1,142,165 | 446,318 | 330,931 | ||||||||||||
開發費用（注7） |
578,356 | 339,828 | 405,254 | 39,891 | ||||||||||||
銷售和營銷（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 | ||||||||||||
存貨估值（收益）損失（附註5） |
(161,450) | 813,205 | (161,450) | 509,889 | ||||||||||||
水災造成的損失（收入）（注5） |
(834,713) | 544,967 | (49,272) | 544,967 | ||||||||||||
壞賬（已追回）（注4） |
47,526 | 86,103 | 20,866 | 22,818 | ||||||||||||
基於股份的付款（注12） |
930,564 | 2,888,704 | 156,959 | 410,009 | ||||||||||||
總運營費用 |
13,180,248 | 17,973,297 | 3,806,659 | 5,897,927 | ||||||||||||
淨營業虧損 |
(10,522,319) | (16,583,398) | (2,939,834) | (5,727,855) | ||||||||||||
其他開支 |
||||||||||||||||
財務費用（附註16） |
841,815 | 181,413 | 732,782 | 52,967 | ||||||||||||
外匯 |
(49,258) | 586,794 | 139,236 | 387,259 | ||||||||||||
可轉換本票公允價值的變化 |
- | 4,794,710 | - | 1,069,348 | ||||||||||||
認股權證負債公允價值的變化（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 | ||||||||||||
其他費用總額 |
2,409,475 | (1,284,147) | 927,171 | 860,451 | ||||||||||||
該期間的淨虧損 |
(12,931,794) | (15,299,251) | (3,867,005) | (6,588,306) | ||||||||||||
翻譯調整 |
- | 137,609 | (1,019) | |||||||||||||
該期間的綜合虧損 |
(12,931,794) | (15,161,642) | (3,867,005) | (6,589,325) | ||||||||||||
加權平均份額 |
228,578 | 29,964 | 463,229 | 56,791 | ||||||||||||
每股基本虧損和攤薄後虧損 |
$ | (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
調整後息稅折舊攤銷前利潤的對賬
（以美元表示）
在截至2023年12月31日和2022年12月31日的三個月和十二個月中
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日的十二個月調整後的息稅折舊攤銷前利潤
| 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 | |||||||
淨營業虧損 |
(10,522,319) | (16,583,398) | ||||||
基於加成份額的薪酬 |
930,564 | 2,888,704 | ||||||
追加攤銷 |
1,754,957 | 1,142,165 | ||||||
調整後 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日的三個月調整後的息稅折舊攤銷前利潤
| 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 個月 | 截至 12 月的 3 個月 | |||||||
| 2023 | 2022 | |||||||
淨營業虧損 |
(2,939,834) | (5,727,855) | ||||||
基於加成份額的薪酬 |
156,959 | 410,009 | ||||||
追加攤銷 |
446,318 | 330,931 | ||||||
調整後 EBITDA |
(2,336,557) | (4,986,915) | ||||||
SOURCE: Siyata Mobile, Inc.
來源：Siyata Mobile, Inc.