Siyata Mobile Reposts Q4 and Full Year Results 2024 Financial Results

Siyata Mobile Inc. (Nasdaq: SYTA) (" Siyata " or the " Company "), a global developer and vendor of Push-to-Talk over Cellular (PoC) handsets and accessories, today announced its financial results for the three and 12 months ended December 31, 2024 .

In light of the recently announced signing of a definitive merger agreement with Core Gaming, Inc. ("Core Gaming"), the Company will not host a conference call to discuss its Q4 and full-year 2024 financial results. Instead, the Company encourages current and prospective investors to join the AI & Technology Virtual Investor Conference on April 3, 2025, where Aitan Zacharin, CEO of Core Gaming, will present Core Gaming's growth strategy. The event will be hosted by VirtualInvestorConferences.com.

Marc Seelenfreund , CEO of Siyata, said, "As we move closer to finalizing our pending merger with Core Gaming, we are confident this strategic combination will unlock new growth opportunities, enhance value for Siyata shareholders and position the combined company for long-term success. Our teams are working diligently to effect the merger, and our goal is to complete it in the second quarter of 2025."

Key financial highlights for the fourth quarter of 2024

Revenues of $1.5 million compared to $1.9 million in the year ago period.
Net loss was $8.9 million as compared to a net loss of $3.9 million in the year ago period.
Adjusted EBITDA was ( $5.6 million ) versus ( $2.3 million ) in the year ago period.
Key financial highlights for the full year 2024:

Revenues of $11.6 million , up 41% compared to $8.2 million in 2023.
Net loss was $25.3 million as compared to a net loss of $12.9 million in 2023.
Adjusted EBITDA was ( $14.3 million ) versus ( $7.8 million ) in 2023.

Liquidity and Capital Resources

As of December 31, 2024 , the Company had a cash balance of $0.2 million compared to $0.9 million as of December 31, 2023.