Siyata Mobile Reports Revenue of $4.85mm in Q3 2017, a 30% Increase Over Q3 2016 - Stockpools

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Siyata Mobile Reports Revenue of $4.85mm in Q3 2017, a 30% Increase Over Q3 2016

2017-10-10

Siyata Mobile Inc. has posted sales of $4.85-million in revenue for Q3 2017. This represents a 30-per-cent year-over-year increase over the company's Q3 2016 sales of $3.7-million and a slight 6-per-cent decrease over Q2 2017, mostly due to the Canadian dollar strength over the U.S. dollar.

Marc Seelenfreund, chief executive officer and chairman of Siyata Mobile, stated: "This has been our strongest year to date with $14.85-million in the first nine months, a 78-per-cent increase over the first nine months of 2016. We are in a very favourable position to end the year strong, and are focused to take full advantage of our large-scale markets in 2018 with the launch of our various next-generation 4G products at Tier 1 carriers around the globe."


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