Siyata Mobile Q2 Sales $1.890 Miss $3.000M Estimate; Net Loss $12.92M Down From $2.33M YoY
Portfolio Pulse from Benzinga Newsdesk
Siyata Mobile (NASDAQ:SYTA) reported Q2 sales of $1.890 million, missing the analyst estimate of $3.000 million. The company also reported a net loss of $12.92 million, down from $2.33 million YoY.
August 16, 2024 | 6:53 am
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Siyata Mobile reported Q2 sales of $1.890 million, missing the $3.000 million estimate. The net loss increased to $12.92 million from $2.33 million YoY.
The significant miss on sales estimates and the substantial increase in net loss are likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100