Yahoo Finance Siyata Mobile Full Year 2023 Earnings: Revenues Miss Expectations
Siyata Mobile (NASDAQ:SYTA) Full Year 2023 Results
Key Financial Results
Revenue: US$8.23m (up 27% from FY 2022).
Net loss: US$12.9m (loss narrowed by 16% from FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Siyata Mobile Revenues Disappoint
Revenue missed analyst estimates by 7.5%.
Looking ahead, revenue is forecast to grow 38% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Communications industry in the US.
Performance of the American Communications industry.
The company's shares are down 2.5% from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 3 warning signs for Siyata Mobile (2 can't be ignored!) that you need to be mindful of.
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