29.0 % 26.6 % 27.3 % 28.2 %
Expenses
Amortization And
Depreciation 424,393 453,500 1,262,180 1,308,639
Development
Expenses 294,753 87,652 329,753 173,102
Selling And
Marketing 1,367,546 743,760 3,469,952 2,734,928
Equity promotion
and marketing 2,190,162 540,000 4,340,162 1,131,200
Inventory loss
(income) from
water damage - (405,364) - (405,364)
General And
Administrative 1,166,461 1,458,284 3,238,314 4,012,896
Bad Debts
(Recovered) 8,132 16,512 26,990 26,660
Insurance
proceeds from
water damage - (380,077) - (380,077)
Share-Based
Payments 54,682 202,072 255,568 773,605
---------------- -------------- ------------- ------------- -------------
Total Operating
Expenses 5,506,129 2,716,339 12,922,919 9,375,589
---------------- -------------- ------------- ------------- -------------
Net Operating
Loss (3,803,096) (2,226,242) (10,159,655) (7,584,485)
-
Other Expenses -
Finance Expense 527,962 33,684 2,250,001 109,033
Loss on issuance - - 6,129,282 -
Loss on
extinguishment
of financial
liability - - 601,163 -
Foreign exchange (26,592) (109,895) (37,243) (188,494)
Change in
preferred share
liability (386,022) - (386,022)
Gain on
settlement of
derivative (3,723,827) - (3,723,827)
Change in fair
value of
warrant
liability 3,900 (294,858) (50,670) 1,561,765
Transaction
Costs 427,812 - 1,405,130 -
---------------- -------------- ------------- ------------- -------------
Total Other
Expenses (3,176,767) (371,069) 6,187,814 1,482,304
---------------- -------------- ------------- ------------- -------------
Net Loss For The
Period $ (626,329) $ (1,855,173) $(16,347,469) $ (9,066,789)
Comprehensive
Loss For The
Period (626,329) (1,855,173) (16,347,469) (9,066,789)
Weighted average
shares 1,580,010 14,226 574,313 8,353
Basic and
diluted loss
per share (0.40) (130.41) (28.46) (1,085.40)
Reconciliation to Adjusted EBITDA
(Expressed in US dollars)
For the three and nine months ended September 30, 2024 and 2023
Three Months Ended Nine Months Ended
---------------------------- ------------------------------
September September September 30, September 30,
30, 2024 30, 2023 2024 2023
Net Operating
Loss (3,803,096) (2,226,242) (10,159,655) (7,584,485)
Addback
Amortization
and
depreciation 424,393 453,500 1,262,180 1,308,639
Share based
compensation 54,682 202,072 255,568 773,605
Adjusted
EBITDA (3,324,021) (1,570,670) (8,641,907) (5,502,241)
-------------- ------------- ------------- -------------- --------------
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SOURCE Siyata Mobile Inc.
/CONTACT: Investor Relations: Brett Maas, Hayden IR, SYTA@Haydenir.com, 646-536-7331; Siyata Mobile Corporate: Glenn Kennedy, VP of International Sales, Siyata Mobile Inc., glenn@siyata.net
(END) Dow Jones Newswires
November 14, 2024 17:00 ET (22:00 GMT)
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