Siyata Mobile Q3 EPS $(1.04) Beats $(2.52) Estimate, Sales $1.84M Miss $2.95M Estimate
Portfolio Pulse from Benzinga Newsdesk
Siyata Mobile Inc. (NASDAQ:SYTA) reported a Q3 EPS loss of $(1.04), which was better than the expected $(2.52) estimate, showing a 58.73% beat and a 65.33% improvement from the $(3.00) loss per share in the same quarter last year. However, the company's sales of $1.84 million fell short of the $2.95 million estimate by 37.56%, and also represented a 28.27% decline from the $2.57 million in sales reported in the same period last year.
November 15, 2023 | 9:21 pm
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NEUTRAL IMPACT
Siyata Mobile's Q3 EPS loss was significantly better than expected, but the company experienced a notable decline in sales compared to last year and missed sales estimates.
The better-than-expected EPS may provide some positive sentiment, but the miss on sales estimates and year-over-year decline is likely to concern investors about the company's growth prospects. The mixed results present both positive and negative signals, which could lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100