Indeed, at roughly
That's no coincidence. The SD7 is easy to use, purpose-built, highly functional, and enhanced by a rugged Android-based design. That's not the only feature attracting client interest; it's also earning praise for its robust IP68-rated design that protects against dust and debris, making it the only known push-to-talk device meeting the needs of especially rigorous field use applications. More importantly, it provides excellent noise-reducing sound quality that allows for clear communication, a benefit typically not inherent to the current generation of rugged smart and feature phones.
That means most competing products can't do what SYTA's can.
Video Link: https://www.youtube.com/embed/bSrm4XOtMoU
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That puts a massive revenue-generating opportunity into SYTA's crosshairs. In fact, the
That focus, combined with strategic moves made in 2022, could be the driving force in taking share from the industry's largest LMR players like
Another advantage built into the SYTA consideration is that no other known competitor offers a similarly comprehensive portfolio of products. That distinction accelerates SYTA's plan to penetrate the PoC markets thanks to an expanding client list of global and national carriers that are appreciably receptive to the breadth of its single-vendor asset portfolio. That advantage is attractive to clients and helps SYTA revenues fall faster to the bottom line through synergistic sales benefits and simplifying integration processes.
A Synergistic Approach To Revenue Generation
What's more, the 588% spike in Q3 comparatives may get a boost from an expanding product lineup. While its SD7 is a formidable field PoC asset, so is its VK7: a first-in-class, in-car solution that pairs with its SD7. Like the SD7, the VK7's strength is its unique design, which includes connections to vehicle power, an integrated 10W speaker, a simple Slide-In connection, and internal active cooling. Additionally, the kit has a modularity that allows for the integration of multiple accessory solutions. Another product in the in-vehicle family is the UV350, an in-vehicle smartphone specifically designed to optimize mobile communications while driving. The UV350 is already considered a preferred IoT device for commercial vehicles because its 4G/LTE speed is always powered and supports FirstNet® certified apps, including fleet management, dispatch, GPS mapping, and other custom solutions.
Notably, SYTA is focused on monetizing its channel relationships too. That facilitates SYTA marketing devices with global cellular carriers and distributors who sell to their enterprise customers. Leveraging these carrier sales channels and their broad customer base with SYTA's three complementary product categories benefits a lean operating cost structure. Furthermore, Siyata brings a unique advantage in providing client carriers the ability to activate a SIM card and generate income otherwise not captured with customers using traditional LMR. Again, an edge is created by differentiation.
Products That Communicate Effectively
Still, excellent products are only as valuable as the markets they serve and the demand they get from them. Siyata expects plenty, and not from unwarranted hope. Rather, SYTA is made confident through a product lineup able to overcome the limitations of traditional LMR services, which can include limited coverage, restricted voice and low-capacity functionality, and high start-up and tower maintenance costs. Those inefficiencies, while bad news for the brands that sell them, are excellent motivators supporting SYTA's growth.
So is the fact that as a first-to-market provider replacing decades-old technology with a 21st-century solution, SYTA is ideally positioned to capitalize on multiple high-dollar market opportunities utilizing walkie-talkie-like technology that benefits users by having an unlimited coverage range. That distinction, combined with the technology's other features, opens the door to mass sales - which the channel relationships mentioned earlier can make happen. Go to any significant cellular service provider and check the inventory for sale. Those are examples of channel relationships, which, by the way, SYTA is scoring.
In November, SYTA announced inking a deal with
In December, SYTA announced adding RadioTrader, the
Remember that SYTA offers more than innovative, well-built devices. The inherent strength is that they operate over 4G LTE networks, enabling consistent domestic and international connectivity to facilitate messaging, one-to-one, or one-to-many instant call communications. In addition, running on the high bandwidth 4G LTE network also supports data-intensive services such as pictures, video, and a host of other third-party applications. There's still more benefit, perhaps the biggest being that with no need to invest in infrastructures such as radio towers or repeaters, SYTA's client list can grow appreciably and quickly. That's potentially excellent news on the revenues front, made even better by Siyata's lean operating structure helping those gains fall faster toward the bottom line.
Set Up For A Breakout 2023
Simply put, SYTA is doing the right things at the right time. More importantly, as a leading global vendor of next-generation Push-To-Talk over Cellular devices and cellular booster systems, and by having the right products to help shape the 21st-century of cellular communications, the impressive growth shown by SYTA last quarter could be set the trend for Q4 and all of 2023. Deals made with some of the world's largest carriers are expected to fuel that proposition.
Still, it's not only what they've already accomplished supporting the SYTA value proposition; it's what they are doing now that truly exposes the "share price to performance" disconnect. But as SYTA continues to earn business traction where others aren't, that disconnect will likely close quickly.
After all, feedback and market share growth are more than validating; they show that clients want what SYTA sells. And in any business model, that creates a defining path to success.
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