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Stock impact report

When Will Siyata Mobile Inc. (NASDAQ:SYTA) Become Profitable? [Yahoo! Finance]

Siyata Mobile, Inc. - Common Shares (SYTA) 
Company Research Source: Yahoo! Finance
Siyata Mobile Inc. develops and provides cellular-based communications platform. The company's loss has recently broadened since it announced a US$15m loss in the full financial year, compared to the latest trailing-twelve-month loss of US$16m, moving it further away from breakeven. Many investors are wondering about the rate at which Siyata Mobile will turn a profit, with the big question being “when will the company breakeven?” Below we will provide a high-level summary of the industry analysts' expectations for the company. View our latest analysis for Siyata Mobile According to the 3 industry analysts covering Siyata Mobile, the consensus is that breakeven is near. They anticipate the company to incur a final loss in 2024, before generating positive profits of US$3.6m in 2025. So, the company is predicted to breakeven just over a year from now. How fast will the company have to grow each year in order to reach the breakeven point by 2025? Working backwards from analyst estimat Show less Read more
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