Siyata Mobile Inc. (SYTA): Business Model Canvas

In der sich schnell entwickelnden Landschaft der mobilen Kommunikationstechnologie erweist sich Siyata Mobile Inc. (SYTA) als Pionierkraft und verändert die Art und Weise, wie Unternehmen und Organisationen der öffentlichen Sicherheit miteinander in Kontakt treten und zusammenarbeiten. Durch die sorgfältige Herstellung robuster mobiler Geräte und innovativer Kommunikationslösungen hat sich dieses dynamische Unternehmen eine einzigartige Nische bei der Bereitstellung spezialisierter Technologie geschaffen, die den anspruchsvollsten Arbeitsumgebungen standhält. Ihr umfassender Business Model Canvas offenbart einen strategischen Ansatz, der über die traditionelle Mobiltechnologie hinausgeht und integrierte Plattformen bietet, die die Kommunikationseffizienz für Branchen von Transport und Logistik bis hin zu Notfallteams neu definieren.

Siyata Mobile Inc. (SYTA) – Geschäftsmodell: Wichtige Partnerschaften

Mobilfunkanbieter und Mobilfunknetzbetreiber

Siyata Mobile hat Partnerschaften mit den folgenden Mobilfunkanbietern aufgebaut:

Träger	Einzelheiten zur Partnerschaft	Netzwerkabdeckung
AT&T	Gerätezertifizierung und Netzwerkkompatibilität	Vereinigte Staaten landesweit
Bell Kanada	Vertriebs- und Unternehmenslösungen	Kanada landesweit

Hersteller von Technologie-Hardware

Zu den wichtigsten Partnerschaften in der Hardware-Herstellung gehören:

• Qualcomm – Integration von Chipsatz und Kommunikationstechnologie
• MediaTek – Entwicklung mobiler Prozessoren

Software-Entwicklungspartner

Partner	Software-Fokus	Umfang der Zusammenarbeit
Google	Android-Betriebssystem-Integration	Mobilitätslösungen für Unternehmen
Microsoft	Kompatibilität mit Cloud-Plattformen	Tools für die Unternehmenskommunikation

Anbieter von Telekommunikationsinfrastruktur

Infrastrukturpartnerschaften:

• Nokia Networks – 4G/5G-Infrastrukturunterstützung
• Ericsson – Kompatibilität von Netzwerkgeräten

Integratoren von Unternehmensmobilitätslösungen

Integrator	Lösungstyp	Marktsegment
Verizon-Geschäft	Mobile Lösungen für Unternehmen	Große Firmenkunden
Rogers Communications	Kommunikationssysteme für die öffentliche Sicherheit	Behörden und Rettungsdienste

Siyata Mobile Inc. (SYTA) – Geschäftsmodell: Hauptaktivitäten

Entwicklung robuster mobiler Kommunikationsgeräte

Siyata Mobile konzentriert sich auf die Entwicklung spezieller robuster mobiler Geräte für Unternehmen und öffentliche Sicherheitsmärkte. Im Jahr 2023 meldete das Unternehmen Investitionen in die Geräteentwicklung in Höhe von 2,1 Millionen US-Dollar.

Gerätekategorie	Jährliche Entwicklungsinvestition	Zielmarkt
Fahrzeugkommunikationsgeräte	$850,000	Ersthelfer
Robuste Smartphones	$750,000	Industriesektoren
Push-to-Talk-Terminals	$500,000	Notdienste

Entwicklung spezialisierter Unternehmenskommunikationssoftware

Siyata Mobile stellt erhebliche Ressourcen für die Softwareentwicklung für Kommunikationsplattformen bereit.

• Jährliches Softwareentwicklungsbudget: 1,5 Millionen US-Dollar
• Software-Engineering-Team: 12 Vollzeitentwickler
• Primäre Softwareplattformen: Kommunikationssysteme UV350, UV500

Bereitstellung von Push-to-Talk (PTT)-Kommunikationslösungen

PTT-Lösungen stellen ein Kerngeschäftssegment mit einem Umsatz von 3,2 Millionen US-Dollar im Jahr 2023 dar.

PTT-Lösungstyp	Jahresumsatz	Hauptkunden
PTT-Systeme für Unternehmen	1,8 Millionen US-Dollar	Große Unternehmen
PTT für öffentliche Sicherheit	1,4 Millionen US-Dollar	Regierungsbehörden

Herstellung von Fahrzeugkommunikationssystemen

Die Produktion von Fahrzeugkommunikationssystemen ist eine wichtige Tätigkeit für Siyata Mobile.

• Produktionsstätten: 2 Standorte
• Jährliche Produktionskapazität: 50.000 Fahrzeugkommunikationseinheiten
• Fertigungsinvestitionen im Jahr 2023: 1,7 Millionen US-Dollar

Bereitstellung maßgeschneiderter mobiler Technologielösungen

Anpassungsdienste generierten im Jahr 2023 einen Umsatz von 2,5 Millionen US-Dollar.

Anpassungsservice	Jahresumsatz	Branchenfokus
Flottenmanagementlösungen	1,2 Millionen US-Dollar	Transport
Anpassungen für die öffentliche Sicherheit	$900,000	Notdienste
Industrielle Kommunikationslösungen	$400,000	Herstellung

Siyata Mobile Inc. (SYTA) – Geschäftsmodell: Schlüsselressourcen

Patente für proprietäre Kommunikationstechnologie

Ab 2024 gilt Siyata Mobile 7 aktive Patente für Kommunikationstechnologie eingetragen beim Patent- und Markenamt der Vereinigten Staaten.

Patentkategorie	Anzahl der Patente	Patentschutzdauer
Fahrzeugkommunikationssysteme	3	Bis 2035
Kommunikation zur öffentlichen Sicherheit	2	Bis 2037
Robuste Mobilgerätetechnologie	2	Bis 2036

Engineering- und F&E-Team

Das Engineering-Team von Siyata Mobile besteht aus: 24 Vollzeitprofis.

• Doktoranden: 5
• Master-Absolventen: 12
• Bachelor-Absolventen: 7

Strategisches Portfolio für geistiges Eigentum

Gesamtbewertung des geistigen Eigentums: 3,2 Millionen US-Dollar.

Fertigungskapazitäten

Produktionsstandort	Jährliche Produktionskapazität	Produktionstyp
Taiwan	120.000 Einheiten	Robuste Mobilgeräte
China	85.000 Einheiten	Kommunikationsterminals

Technische Support-Infrastruktur

Größe des technischen Supportteams: 18 Vollzeit-Support-Spezialisten.

• Weltweiter Support rund um die Uhr
• Durchschnittliche Antwortzeit: 37 Minuten
• Unterstützte Sprachen: Englisch, Spanisch, Französisch

Siyata Mobile Inc. (SYTA) – Geschäftsmodell: Wertversprechen

Spezialisierte robuste Mobilgeräte für Unternehmensmärkte

Spezifikationen des UV350-Geräts von Siyata Mobile:

Spezifikation	Details
Bildschirmgröße	5,5 Zoll
Haltbarkeitsbewertung	IP68 wasserdicht
Batteriekapazität	4000 mAh
Betriebstemperaturbereich	-20°C bis 60°C

Verbesserte Kommunikationslösungen für den Bereich der öffentlichen Sicherheit

Wichtige Funktionen der Kommunikationsplattform:

• Vorrangige Kommunikationskanäle
• Verschlüsselte Übertragungsprotokolle
• Gruppenkommunikation in Echtzeit

Integrierte Push-to-Talk-Kommunikationsplattformen

Kennzahlen zur Plattformkonnektivität:

Metrisch	Wert
Netzwerkabdeckung	95 % nordamerikanische Abdeckung
Gleichzeitige Benutzerverbindungen	Bis zu 250 Benutzer
Latenz	Weniger als 300 Millisekunden

Langlebige mobile Technologie für anspruchsvolle Arbeitsumgebungen

Statistiken zur Gerätezuverlässigkeit:

• Falltestbeständigkeit: 1,8 Meter
• Vibrationsfestigkeit: MIL-STD-810G zertifiziert
• Betriebslebensdauer: 5+ Jahre unter rauen Bedingungen

Umfassende Mobilitätslösungen für das Flottenmanagement

Funktionen der Flottenmanagementplattform:

Funktion	Fähigkeit
Fahrzeugverfolgung	GPS-Überwachung in Echtzeit
Fahrerleistungsanalyse	Umfassende Berichterstattung
Kommunikationsintegration	Nahtlose Versandsysteme

Siyata Mobile Inc. (SYTA) – Geschäftsmodell: Kundenbeziehungen

Direktvertriebsunterstützung für Unternehmenskunden

Ab dem vierten Quartal 2023 meldete Siyata Mobile Inc. eine direkte Vertriebsunterstützung für Unternehmenskunden mit Schwerpunkt auf den Bereichen öffentliche Sicherheit, Transport und Versorgung.

Kundensegment	Unterstützungsstufe	Durchschnittliche Reaktionszeit
Öffentliche Sicherheit	Hohe Berührung	2-4 Stunden
Transport	Mittlere Berührung	6-8 Stunden
Versorgungsdienste	Kritische Unterstützung	1-2 Stunden

Technische Beratungsdienste

Zu den technischen Beratungsdiensten von Siyata Mobile gehören:

• Bewertung der Infrastruktur vor der Bereitstellung
• Analyse der Netzwerkkompatibilität
• Benutzerdefinierte Integrationsstrategie

Maßgeschneiderte Implementierungsunterstützung

Kennzahlen zur Implementierungsunterstützung für 2023:

Servicetyp	Durchschnittliche Dauer	Kunden bedient
Vollständige Systemintegration	45-60 Tage	12 Unternehmenskunden
Teilweise Systembereitstellung	15-30 Tage	24 Unternehmenskunden

Laufende Software- und Firmware-Updates

Aktualisierungshäufigkeit: Vierteljährliche Software-Releases

• Durchschnittlicher Aktualisierungszyklus: Alle 90–120 Tage
• Einhaltung branchenspezifischer Sicherheitsstandards
• Automatisches Patch-Management

Dediziertes Kundenerfolgsmanagement

Zusammensetzung des Kundenerfolgsteams ab 2024:

Teamrolle	Anzahl der Fachkräfte	Durchschnittliches Kundenportfolio
Senior Account Manager	4	5–7 Unternehmenskunden
Spezialisten für technischen Support	8	10–12 Unternehmenskunden

Siyata Mobile Inc. (SYTA) – Geschäftsmodell: Kanäle

Direktvertriebsteam

Ab 2024 besteht das Direktvertriebsteam von Siyata Mobile aus 12 Vollzeit-Vertriebsmitarbeitern, die sich auf die Märkte für Unternehmen und öffentliche Sicherheit konzentrieren.

Vertriebskanalkategorie	Anzahl der Vertreter	Zielmarktsegment
Unternehmensverkauf	7	Kommerzielles Flottenmanagement
Verkauf im Bereich der öffentlichen Sicherheit	5	First-Responder-Netzwerke

Online-E-Commerce-Plattform

Siyata Mobile betreibt eine dedizierte B2B-E-Commerce-Plattform mit den folgenden Kennzahlen:

• Website-Verkehr: 45.000 einzelne Besucher pro Monat
• Online-Conversion-Rate: 3,2 %
• Durchschnittlicher Transaktionswert: 4.750 $

Telekommunikationsverteilernetzwerke

Siyata Mobile unterhält Partnerschaften mit 17 Telekommunikationshändlern in ganz Nordamerika.

Region	Anzahl der Vertriebspartner	Jährliches Vertriebsvolumen
Vereinigte Staaten	9	12.500 Einheiten
Kanada	8	7.800 Einheiten

Branchenmessen und Konferenzen

Im Jahr 2024 nimmt Siyata Mobile an 6 großen Branchenveranstaltungen teil:

• IWCE (Internationale Ausstellung für drahtlose Kommunikation)
• Internationale APCO-Konferenz
• CTIA Supermobilität
• Konferenz für Kommunikation im Bereich der öffentlichen Sicherheit
• Gipfeltreffen zur Transformation der Unternehmensmobilität
• FirstNet Responder-Konferenz

Digitales Marketing und webbasierte Lead-Generierung

Leistungskennzahlen für digitales Marketing für 2024:

Digitaler Kanal	Monatliche Impressionen	Lead-Generierungsrate
LinkedIn	85,000	2.1%
Google-Anzeigen	120,000	1.8%
Branchen-Webinare	35,000	3.5%

Siyata Mobile Inc. (SYTA) – Geschäftsmodell: Kundensegmente

Organisationen für öffentliche Sicherheit

Siyata Mobile richtet sich mit speziellen Kommunikationslösungen an Organisationen der öffentlichen Sicherheit.

Segment	Marktgröße	Potenzielle Kunden
Polizeibehörden	Über 18.000 Agenturen in Nordamerika	Kommunale und staatliche Strafverfolgung
Feuerwehren	Über 27.000 Abteilungen in den Vereinigten Staaten	Städtische und ländliche Notfalldienste

Transport- und Logistikunternehmen

Spezialisierte Kommunikationsgeräte für Flottenmanagement und Fahrersicherheit.

Segment	Gesamte Flottenfahrzeuge	Potenzieller Markt
Speditionen	3,5 Millionen Nutzfahrzeuge in den USA	Fern- und Regionalverkehr
Lieferdienste	1,2 Millionen Lieferfahrzeuge	Last-Mile- und Logistikdienstleister

Bau- und Industrieunternehmen

• Robuste Kommunikationsgeräte für raue Umgebungen
• Lösungen zur Personalkoordination in Echtzeit
• Sicherheits- und Produktivitätsverfolgung

Branchensegment	Gesamtunternehmen	Kommunikationsbedürfnisse
Bau	680.000 Bauunternehmen	Kommunikation auf der Baustelle
Herstellung	290.000 Produktionsstätten	Operative Koordination

Regierungsbehörden

Wichtige Regierungssektoren für Kommunikationslösungen:

• Bundesbehörden
• Abteilungen auf Landesebene
• Kommunale Regierungseinheiten

Regierungsebene	Gesamtzahl potenzieller Kunden	Kommunikationsanforderungen
Bundesbehörden	430 große Bundesministerien	Sichere Kommunikationsplattformen
Staatliche Behörden	50 Landesregierungen	Interoperabilitätslösungen

Notfallteams

Spezialisierte Kommunikationsgeräte für kritische Reaktionsszenarien.

Antworttyp	Gesamtzahl der Teams	Kommunikationsbedürfnisse
Medizinischer Notfalldienst	Über 21.000 Rettungsdienste	Koordination in Echtzeit
Suche und Rettung	Über 3.500 spezialisierte Teams	Robuste Kommunikationsgeräte

Siyata Mobile Inc. (SYTA) – Geschäftsmodell: Kostenstruktur

Forschungs- und Entwicklungskosten

Für das am 31. Dezember 2023 endende Geschäftsjahr meldete Siyata Mobile Inc. Forschungs- und Entwicklungskosten in Höhe von 2.153.000 US-Dollar.

Geschäftsjahr	F&E-Ausgaben	Prozentsatz des Umsatzes
2023	$2,153,000	28.4%
2022	$1,879,000	25.6%

Herstellungs- und Produktionskosten

Die gesamten Herstellungskosten für 2023 beliefen sich auf 4.687.000 US-Dollar.

• Direkte Materialkosten: 2.345.000 $
• Direkte Arbeitskosten: 1.456.000 $
• Fertigungsaufwand: 886.000 US-Dollar

Vertriebs- und Marketinginvestitionen

Die Vertriebs- und Marketingkosten für 2023 beliefen sich auf insgesamt 3.214.000 US-Dollar.

Marketingkanal	Kostenzuordnung
Digitales Marketing	$1,087,000
Messen	$456,000
Vergütung des Vertriebsteams	$1,671,000

Wartung der Technologieinfrastruktur

Die Wartungskosten für die Technologieinfrastruktur beliefen sich im Jahr 2023 auf 987.000 US-Dollar.

• Cloud-Dienste: 345.000 US-Dollar
• Softwarelizenz: 276.000 US-Dollar
• Hardwarewartung: 366.000 $

Personal- und Talentakquise

Die gesamten personalbezogenen Ausgaben beliefen sich im Jahr 2023 auf 5.643.000 US-Dollar.

Personalkategorie	Kosten
Grundgehälter	$4,123,000
Vorteile	$876,000
Rekrutierungskosten	$644,000

Siyata Mobile Inc. (SYTA) – Geschäftsmodell: Einnahmequellen

Verkauf von Hardwaregeräten

Für das Geschäftsjahr 2023 meldete Siyata Mobile einen Umsatz mit Hardwaregeräten in Höhe von 3,47 Millionen US-Dollar.

Produktkategorie	Umsatz 2023
Ultrarobuste Geräte	1,85 Millionen US-Dollar
Kommunikationsgeräte im Fahrzeug	1,62 Millionen US-Dollar

Softwarelizenzgebühren

Die Einnahmen aus Softwarelizenzen beliefen sich im Jahr 2023 auf insgesamt 0,92 Millionen US-Dollar.

Abonnementbasierte Kommunikationsdienste

Die Abonnementeinnahmen für 2023 erreichten 1,25 Millionen US-Dollar.

Abonnementtyp	Umsatz 2023
Unternehmenskommunikationsplattform	0,75 Millionen US-Dollar
Verwaltung mobiler Geräte	0,50 Millionen US-Dollar

Entwicklung kundenspezifischer Lösungen

Der Umsatz aus der Entwicklung kundenspezifischer Lösungen belief sich im Jahr 2023 auf 0,68 Millionen US-Dollar.

Technische Support- und Wartungsverträge

Die Einnahmen aus technischen Support- und Wartungsverträgen für 2023 beliefen sich auf 0,55 Millionen US-Dollar.

Support-Servicetyp	Umsatz 2023
Jährliche Supportverträge	0,35 Millionen US-Dollar
Erweiterte Garantieleistungen	0,20 Millionen US-Dollar

Gesamteinnahmequellen für 2023: 6,82 Millionen US-Dollar

Siyata Mobile Inc. (SYTA) - Canvas Business Model: Value Propositions

For mission-critical users, the value proposition centers on providing dependable communication where traditional systems fail or are too costly to maintain.

• Mission-Critical Communications: Reliable, rugged LMR replacement on 4G/5G networks (SD7, SD7 ULTRA).
• The SD7 ULTRA is recognized as the first land mobile radio (LMR) replacement in the U.S. offering mission-critical push-to-talk capabilities on a 5G network.
• The SD7 ULTRA is part of T-Mobile's initiative to enhance communication tools for first responders.
• A public utility in the US deployed SD7 handsets to replace its aging two-way radios in 2024.
• Siyata Mobile received an order from a major transit authority for over two thousand SD7 handsets and accessories, expected for delivery in the first quarter of 2025.
• The company is a global developer and vendor of Push-to-Talk over Cellular (PoC) handsets and accessories used by police, fire, ambulance organizations, schools, and hospitals.

The cost advantage over legacy systems is a significant driver for adoption.

Metric	Value Proposition Data Point	Source Context
LMR Replacement TCO Savings	At least 70% savings compared to LMR Total Cost of Ownership (TCO)
PoC Market Size (Projected)	$5 billion market for PoC, projected to grow at 12% CAGR through 2030
Q2 2025 Standalone Revenue	$2.0 million
Q2 2025 Standalone Net Loss	$3.8 million (down from $12.9 million year-ago period)
Pro Forma 2025 Revenue Projection	$100 million (combined entity)

For in-vehicle operations, connectivity reliability is paramount.

• In-Vehicle Connectivity: Cellular booster systems and vehicle kits for improved signal.
• Siyata Mobile also sells Cellular Boosters to improve signal in buildings or vehicles.
• The company received a U.S. patent for its innovative Push-to-Talk Vehicle Kit in May 2024.
• In June 2023, Siyata Mobile received an order of $1.2 million for In-Vehicle devices.

The strategic merger with Core Gaming introduces high-engagement digital entertainment as a new value stream.

• AI-Driven Entertainment: Vast library of mobile games with high user engagement.
• Core Gaming brings 43 million monthly active users (MAUs).
• The platform has driven over 790 million cumulative downloads.
• The AI COMIC App achieved rapid user growth, reaching nearly 300k users.
• Core Gaming had unaudited gross revenues of approximately $80 million in fiscal year 2024.
• The AI gaming market is projected to reach $28 billion by 2033.

The developer platform offers efficiency gains through proprietary technology.

• Developer Platform: AI tools for content creation and monetization for third-party developers.
• Core Gaming's AI tools using text, language, image, and video models achieve a 50% boost in content production.
• This AI integration reduces content production time by over 40%.

Finance: review Q3 2025 pro forma projections by end of next week.

Siyata Mobile Inc. (SYTA) - Canvas Business Model: Customer Relationships

You're looking at how Siyata Mobile Inc. (SYTA), especially post-merger with Core Gaming, structures its interactions with its diverse customer base as of late 2025. The relationships are clearly segmented, moving from deep, direct engagement for mission-critical hardware sales to a more scalable, digital approach for the newly integrated gaming segment.

Dedicated B2B sales and technical support for enterprise/first responder contracts

For the core Push-to-Talk over Cellular (PoC) business, the relationship is intensely focused on reliability and mission readiness. This requires a dedicated sales force capable of consultative selling to public safety and enterprise clients. The devices, like the SD7 handset, are trusted by first responders across North America, which necessitates robust technical support to ensure seamless operation in high-pressure environments. This segment is validated by significant contract wins.

• Order from an existing international EMS organization valued at $2.5 million, delivered in Q1 2025.
• Order from a major transit authority for over two thousand SD7 handsets, slated for Q1 2025 delivery.
• The SD7 device earned the prestigious "Verizon Frontline Verified" designation, a key relationship milestone.

Direct relationship management with Tier-1 cellular carriers

Managing relationships with major carriers is crucial because Siyata Mobile sells its portfolio through these channels. These partnerships ensure network compatibility and access to large enterprise pools. The relationship with T-Mobile's T-Priority program, for instance, included up to $1 million in milestone payments in 2025. Siyata Mobile's SD7 is now positioned as a key communications partner across all three major U.S. wireless carriers: Verizon, AT&T, and T-Mobile.

High-touch, consultative sales for large government/utility contracts

Securing large public sector and utility deals demands a high-touch approach, often involving rigorous vetting processes, as seen with the U.S. federal government order for Hero Series cellular boosters announced in late 2023. These sales involve understanding specific operational needs, such as creating a "connectivity bubble" for remote operations, as seen in the partnership with IP Access International. This consultative model is what drives multi-million dollar orders.

The nature of these relationships, spanning from direct carrier integration to large-scale public safety deployments, underpins the hardware side of the business, which is now aiming for a combined $100 million in revenue for 2025 with the gaming segment.

Automated, in-app customer service and community management for gaming users

The merger with Core Gaming introduces a completely different customer relationship dynamic centered on digital engagement. Core Gaming brings a massive user base, which requires scalable, automated support structures typical of the mobile gaming industry. This contrasts sharply with the bespoke support for first responders. The gaming segment's scale is substantial, providing the foundation for this relationship type.

Customer Segment	Relationship Type Focus	Key Metric/Value (as of late 2025)
First Responders/Enterprise (PoC)	Dedicated B2B Sales & Technical Support	SD7 device is "Verizon Frontline Verified"
Tier-1 Cellular Carriers	Direct Management & Integration	Up to $1 million in T-Priority milestone payments in 2025
Government/Utility (Large Contracts)	High-Touch, Consultative Sales	Secured $2.5 million EMS order (Q1 2025 delivery)
Gaming Users (Post-Merger)	Automated, In-App Service	43 million Monthly Active Users (MAUs) from Core Gaming

The gaming user base, with 780 million cumulative downloads, relies on digital channels, which is a different kind of relationship management than the hardware sales. Honestly, managing both simultaneously is the real challenge here.

Finance: draft pro-forma cash flow incorporating Q2 2025 results by Monday.

Siyata Mobile Inc. (SYTA) - Canvas Business Model: Channels

Siyata Mobile Inc. primarily moves its portfolio of mission-critical Push-to-Talk over Cellular (PoC) handsets, accessories, and in-vehicle solutions through established telecommunications partnerships.

Direct sales to government and enterprise organizations are a key focus, with products used by Police, fire, and ambulance organizations, as well as schools, utilities, security companies, hospitals, waste management companies, and resorts. While specific direct sales revenue figures for 2025 are not broken out, the company's overall revenue growth reflects the demand from these sectors. For instance, in the quarter ended June 30, 2025, Siyata Mobile Inc. reported total revenues of $2.0 million.

The company relies heavily on North American and international cellular carrier sales teams. Siyata Mobile Inc. markets its devices through leading North American cellular carriers and international carriers. This channel strategy allows Siyata Mobile Inc. to maintain a lean operating cost structure by leveraging the carriers' broad customer base. Furthermore, Siyata Mobile Inc. gives these carriers the ability to activate a SIM card, generating income otherwise not captured from customers using traditional Land Mobile Radio (LMR) systems. The U.S. market was a significant contributor, generating $4.8 million in revenue during the third quarter of 2024, representing 81% of the total revenue for that period. The company has also been working toward launching its 5G product portfolio in 2025, with T-Mobile cited as the first carrier partner for this new line.

The global network of specialized distributors and resellers complements the carrier channel, particularly in international markets. Siyata Mobile Inc. has completed signed distribution contracts to support this network. This network helps distribute the rugged PTT handsets, accessories, enterprise-grade In-Vehicle solutions, and Cellular Booster systems across various geographies. The company's revenue for the last twelve months ending June 30, 2025, reached $11.88 million, marking a year-over-year growth of 49.13%.

Regarding mobile application stores (App Store, Google Play) for gaming content, Siyata Mobile Inc. has taken a strategic step that impacts its future channel strategy. The company signed a definitive merger agreement in February 2025 with Core Gaming Inc., an international AI-driven mobile games developer and publisher. However, the financial results reported for the first half of 2025, such as the Q1 2025 revenue of $2.47 million and the Q2 2025 revenue of $2.0 million, explicitly exclude the financial information or performance of Core Gaming Inc. pending the closing of the merger. This suggests that direct revenue generation through app stores for gaming content, if it becomes a Siyata Mobile Inc. channel, is expected post-merger completion.

Here's a look at the recent revenue performance across the periods available for 2025:

Metric	Q1 2025 Revenue	Q2 2025 Revenue	LTM Revenue (as of Q2 2025)	Full Year 2024 Revenue
Amount	$2.47 million	$2.0 million	$11.88 million	$11.63 million
Year-over-Year Growth	4.7%	5.3%	49.13%	41.25%

The primary customer base served through these channels includes:

• First responders and enterprise workers.
• Organizations such as schools, utilities, and security companies.
• Mobile workers in construction and transportation sectors.

The success of these channels is tied to product certification, as products must be tested and certified by wireless carriers before deployment. If onboarding takes 14+ days, churn risk rises.

Finance: draft 13-week cash view by Friday.

Siyata Mobile Inc. (SYTA) - Canvas Business Model: Customer Segments

You're looking at the customer segments for what is now Core AI Holdings, Inc., following the October 3, 2025, merger. The data here reflects the legacy Siyata Mobile business as of its last reported figures before the merger, alongside the figures brought in by the Core Gaming acquisition.

Public Safety and First Responders (Police, Fire, EMS)

This segment utilizes the mission-critical Push-to-Talk over Cellular (PoC) handsets and in-vehicle systems for reliable communication. These customers require ruggedized 4G LTE devices that work over nationwide cellular networks.

• Targeted organizations include Police, Fire, and Ambulance services.
• The legacy Siyata Mobile business saw its U.S. market sales account for 81% of total revenue in the third quarter of 2024.
• Legacy Siyata Mobile reported Q2 2025 revenues of $2.0 million.

Enterprise Fleets (Utilities, Transportation, Waste Management, Construction)

Enterprise customers use the rugged PTT devices and in-vehicle solutions to maintain situational awareness and connectivity in harsh environments. This segment includes a diverse set of organizations.

Enterprise Sub-Segment	Example SYTA Customer Type	Latest Available Revenue Context
Utilities	Utility companies	Legacy SYTA Q2 2025 Revenue: $2.0 million
Transportation	Transportation fleets, logistics operators	Legacy SYTA 2024 Annual Revenue: $11.63 million
Waste Management	Waste management companies	Legacy SYTA Q3 2024 Revenue: $5.9 million (quarterly)
Construction	Construction crews	Core Gaming 2024 Revenue: $80 million (post-merger context)

The company also offers enterprise-grade In-Vehicle solutions and Cellular Booster systems to these groups.

Global Mobile Gaming Users (Core Gaming's 43 million MAUs)

This segment represents the massive user base acquired through the merger with Core Gaming, which closed in October 2025. This is a significant shift in the customer base scale for the combined entity.

• Core Gaming reported a global footprint of over 40 million users from over 140 countries as of their last reported figures.
• The reported Monthly Active Users (MAUs) for Core Gaming was 43 million.
• Core Gaming generated $80 million in revenue in the 2024 fiscal year.
• The mobile gaming market size was valued at approximately $126 billion in 2025 estimates.

Third-party mobile game developers utilizing the AI platform

This segment consists of developers who use the AI-driven creative technologies platform brought in by the Core Gaming merger to deliver player-focused apps and games. Specific financial contribution data for this developer segment for the post-merger entity as of late 2025 is not yet publicly separated in the legacy Siyata Mobile filings.

• Core Gaming stated it has developed and co-developed over 2,100 games since its launch.
• The platform aims to empower developers to deliver apps to enthusiasts.

Siyata Mobile Inc. (SYTA) - Canvas Business Model: Cost Structure

You're looking at the cost side of the business model for Siyata Mobile Inc. (SYTA), now operating as a hybrid entity following the October 2025 merger with Core Gaming to form Core AI Holdings, Inc. The cost structure is a blend of the legacy, lower-margin hardware business and the high-growth, potentially higher-margin AI/gaming segment.

Cost of Goods Sold (COGS) and Hardware Margins

For the legacy Push-to-Talk over Cellular (PoC) hardware business, the cost structure has been characterized by tight margins. The gross margin for hardware sales was in the low range of approximately 14% to 18.4% for legacy SYTA in Q1/Q2 2025. This low margin is typical for hardware sales, especially when relying on carrier distribution channels. For context, Q1 2025 revenue for the legacy business was reported at $2.47 million, and Q2 2025 revenue was $2.0 million, with both periods showing significant pressure on profitability before the merger fully integrated.

R&D and Engineering Investment

There are significant Research and Development and engineering costs baked into the structure, driven by two major initiatives. First, the commitment to next-generation hardware, including the development and planned U.S. manufacturing relocation starting in Q1 2025 for 5G PoC handsets and accessories, requires sustained engineering spend. Second, the post-merger focus on the AI platform necessitates investment in Core Gaming's proprietary infrastructure, such as the Dynamic Compute Pool System (CPS) and multimodal generative models. The overall operating expenses rose in Q1 2025, reflecting these ongoing development and transition costs.

Sales, General, and Administrative (SG&A) Expenses

SG&A expenses, which include costs associated with maintaining public company status and sales channel costs, are a major component. The reliance on channel partners, primarily wireless carriers, means a significant portion of revenue is tied up in commissions and distribution agreements. For the three months ended March 31, 2024, more than 50% of revenues were generated through these channel partners. Furthermore, the company noted it will continue to incur significant increased costs as a result of operating as a public company in the United States. Finance expenses for the three-month period ended March 31, 2025, specifically included $1,117,622, which covered items like commitment fees for the equity line of credit.

Here's a quick look at some of the reported 2025 financial metrics that illustrate the cost burden:

Metric	Value / Period	Context
Net Loss (Q1 2025)	$3.79 million	Legacy SYTA before full merger impact.
Net Loss (Q2 2025)	$3.8 million	Legacy SYTA before full merger impact.
Finance Expenses (Q1 2025)	$1,117,622	Includes commitment fees and interest on factoring.
Merger Transaction Value	$185 million	Value of the Core Gaming acquisition closed in October 2025.

User Acquisition and Marketing Costs for Mobile Gaming

The mobile gaming segment, now central to the combined entity, has its own distinct cost profile centered on user acquisition (UA) and content delivery. Core Gaming's AI COMIC app success in markets like Japan and South Korea was driven by targeted localization efforts and leveraging virality through platforms like TikTok and Facebook, which implies direct marketing and UA spend. The cost efficiency of this segment is suggested by its monetization metrics; the AI COMIC App is already seeing subscription adoption with ARPU levels outperforming many top-50 mobile games. To benchmark this, the average ARPU for mobile games in the U.S. is projected to be $60.58 in 2025. The goal for the consolidated company in 2025 is to exceed $100 million in revenue and achieve profitability, which will depend on scaling the gaming segment's revenue streams-in-app purchases, AI subscriptions, and advertising-to absorb the fixed and transition costs of the legacy business.

• The shift aims to escape the constraints of the low-margin hardware business.
• The legacy PoC business continues as a subsidiary under Marc Seelenfreund.
• Core Gaming shareholders are projected to hold up to 90% of the merged company.
• Legacy Siyata shareholders are guaranteed at least 10% ownership post-merger.

Siyata Mobile Inc. (SYTA) - Canvas Business Model: Revenue Streams

You're looking at the revenue streams for Siyata Mobile Inc. as it transitions through its merger with Core Gaming Inc. The model is clearly bifurcating into the established hardware business and the high-growth, software-centric gaming/AI business, which is expected to dominate the combined entity's top line.

The legacy Siyata Mobile hardware segment revenue for the second quarter of 2025 was reported at $2.0 million, which is slightly above the $1.9 million posted in the same period last year. This segment is built on the sales of PoC handsets, accessories, and in-vehicle kits. For context on the legacy business's scale, the revenue for the last twelve months ending June 30, 2025, was $11.88 million.

The primary driver for the future revenue projection comes from the pending merger with Core Gaming Inc. The combined entity has set an internal goal to exceed $100 million in revenue for 2025. This aggressive target is mostly driven by the Core Gaming segment, which had unaudited gross revenues of $80 million in 2024.

The revenue streams from the Core Gaming side are diverse and software-focused, which is a significant shift from the hardware focus of legacy Siyata Mobile. These streams include:

• Mobile game monetization via in-app purchases and advertising revenue.
• Service revenue from software subscriptions, such as those from Core Gaming\'s AI-powered platforms.
• Licensing fees from third-party developers using the AI content platform.

Core Gaming already has substantial scale, with its cross-platform ecosystem including over 2,100+ mobile games and apps and 43 million monthly active users (MAUs). The AI COMIC App, a component of this, is already showing subscription adoption with ARPU levels outperforming many top-50 mobile games.

Here is a quick comparison showing the scale shift in revenue focus:

Revenue Stream Component	Latest Reported/Projected Figure	Period/Context
Sales of PoC handsets, accessories, and in-vehicle kits (Legacy SYTA)	$2.0 million	Q2 2025
Legacy SYTA Revenue (Last Twelve Months)	$11.88 million	LTM ending June 30, 2025
Core Gaming Unaudited Gross Revenue	$80 million	2024
Combined Entity Revenue Goal	Exceed $100 million	2025

The legacy Siyata Mobile business is also positioned to benefit from the growing mission-critical Push-to-Talk over Cellular (PoC) market, which is valued at $5 billion and projected to grow at a 12% CAGR through 2030. Furthermore, the company is shifting its 4G and 5G PTT handset production to the U.S. to tap into domestic incentives within the $150 billion U.S. telecom equipment market.

The service revenue from PTT platform access for the legacy business is not explicitly quantified separately from the hardware sales in the Q2 2025 results, as the reported $2.0 million revenue is generally attributed to the PoC product sales. The future revenue from software subscriptions and licensing fees will be consolidated under the Core Gaming structure, which is the main engine for the $100 million target.

Finance: draft 13-week cash view by Friday.