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.
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