Canada Siyata Mobile Tender

Siyata Mobile Inc. announces it has filed its Q3 2018 financials and will be hosting a conference call to discuss these results on Thursday November 29th at 900 AM EST 600 AM PST. Conference call details are set out below.HighlightsQ3 2018 revenue of 3.15-million compared with 4.9-million in Q3 2017Adjusted EBITDA of 898000 versus 97000 for Q3 2017Gross margin of 26 per cent versus 28.7 per cent in Q3 2017Working capital at Sept. 30 2018 is 7.3-million1.3M cash balance as of September 30 20188.7M sale value of inventory and advances to suppliers.Lower Q3 revenue were mainly contributed to timing of the Israel holidays and lower margins a result of higher mix of legacy 3G products being sold. Q4 sales have already exceeded 2018 Q3 sales and are expected to be strong for the remainder of 2018 and beyond.As the 4G product portfolio commands higher margin than the 3G portfolio the Company expects improving margins in Q4 and beyond regardless of the geographical region US Canada Israel Europe Australia and South America.Increased costs were from investing in key Push-to-Talk software integration network approval testing product samples and marketing material in order to ensure a successful launch of the UV350 in both North America and additional target markets. The vast majority of the investment required for the commercial launch is complete and the Company expects purchase orders in Q1 2019 or potentially earlier.