Why Siyata Mobile (SYTA) Stock Is Exploding Higher
Portfolio Pulse from Henry Khederian
Siyata Mobile Inc (NASDAQ:SYTA) shares surged by 4.5% to $0.71 after announcing new orders for its SD7 handsets and related accessories worth over $4.5 million. CEO Marc Seelenfreund expects record sales in Q3 2024, driven by strong distribution channels and increasing adoption of the SD7 handset. Additionally, TJ Kennedy, former President of FirstNet, has joined Siyata's Advisory Board to enhance their public safety market presence.
July 18, 2024 | 2:56 pm
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Siyata Mobile's stock surged by 4.5% following the announcement of $4.5 million in new orders for its SD7 handsets and related accessories. The company expects record sales in Q3 2024, supported by strong distribution channels and increasing adoption of the SD7 handset. The appointment of TJ Kennedy to the Advisory Board is expected to enhance Siyata's strategic and operational capabilities in the public safety market.
The new orders for SD7 handsets and accessories, valued at over $4.5 million, are a significant revenue boost for Siyata Mobile. The CEO's expectation of record sales in Q3 2024 and the strategic appointment of TJ Kennedy to the Advisory Board are positive indicators for the company's future performance. These factors are likely to drive short-term stock price appreciation.
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