Siyata Mobile Q1 EPS $(0.13) Misses $(0.09) Estimate, Sales $1.80M Beat $1.00M Estimate
Portfolio Pulse from Happy Mohamed
Siyata Mobile reported Q1 losses of $(0.13) per share, missing the $(0.09) estimate by 44.44%. However, sales reached $1.80M, beating the $1.00M estimate by 80.30% and marking a 116.45% YoY increase.
May 24, 2023 | 8:34 pm
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NEUTRAL IMPACT
Siyata Mobile's Q1 EPS of $(0.13) missed estimates by 44.44%, but sales of $1.80M exceeded expectations by 80.30% and grew 116.45% YoY.
Siyata Mobile's stock price may experience mixed short-term impact due to the missed EPS estimate, which could negatively affect investor sentiment. However, the strong sales growth and beat could offset this and result in a neutral short-term price direction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100