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Income Statement (NONE)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 5.9M | 210% |
| Gross Profit | 1.7M | 820.5% |
| Cost of Revenue | 4.2M | 95.6% |
| Operating expense | 5.5M | 35.2% |
| Net Income | -630,000 | 95.2% |
| EBITDA | 330,000 | 102.8% |
Balance Sheet (NONE)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 19M | 0.9% |
| Total Liabilities | 9.5M | 47.8% |
| Total Equity | 9.9M | 853.5% |
| Shares Outstanding | 28M | 25803.4% |
Cash Flow (NONE)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | -7.1M | 12.3% |
| Cash from financing | 5.5M | 43.7% |
EPS
Financial Highlights for Siyata Mobile in Q3 '24
Siyata Mobile reported a revenue of 5.9M, which is a 210% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 1.7M, marking a 820.5% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 4.2M, a 95.6% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 5.5M, showing a 35.2% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was -630,000, showing a 95.2% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 330,000, showing a 102.8% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Siyata Mobile with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.
