US EditionSiyata Mobile Reports Fourth Quarter and Full Year 2024 Financial Results
- Siyata Mobile Inc. Announced its Q4 and full-year 2024 financial results on March 31, 2025, and will highlight Core Gaming's AI growth strategy online on April 3 at VirtualInvestorConferences.com.
- Siyata's decision not to host a conference call to discuss the results is due to the recently announced definitive merger agreement with Core Gaming, Inc.
- Siyata Mobile Inc. Is a B2B global developer and vendor of next-generation Push-To-Talk over Cellular handsets and accessories, enabling instant communication over a nationwide cellular network of the user's choice, while Core Gaming is an international AI-driven mobile games developer and publisher headquartered in Miami.
- For the full year 2024, Siyata reported revenues of $11.6 million, a 41% increase compared to $8.2 million in 2023, but also a net loss of $25.3 million and adjusted EBITDA of , with a cash balance of $0.2 million as of December 31, 2024.
- CEO Marc Seelenfreund stated that the pending merger with Core Gaming, expected to be completed in the second quarter of 2025, will unlock new growth opportunities, enhance value for Siyata shareholders, and position the combined company for long-term success, though the press release contains forward-looking statements subject to risks and uncertainties.
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