Siyata Mobile Inc. (SYTA): Modelo de negócios Canvas [Jan-2025 Atualizado]

No cenário em rápida evolução da tecnologia de comunicação móvel, a Siyata Mobile Inc. (SYTA) surge como uma força pioneira, transformando como as empresas e organizações de segurança pública se conectam e colaboram. Ao criar meticulosamente dispositivos móveis robustos e soluções inovadoras de comunicação, essa empresa dinâmica esculpiu um nicho único ao fornecer tecnologia especializada que resiste aos ambientes de trabalho mais desafiadores. Seu modelo abrangente de negócios Canvas revela uma abordagem estratégica que vai além da tecnologia móvel tradicional, oferecendo plataformas integradas que redefine a eficiência da comunicação para indústrias que variam de transporte e logística a equipes de resposta a emergências.

Siyata Mobile Inc. (SYTA) - Modelo de negócios: Parcerias -chave

Transportadoras sem fio e operadores de rede móvel

A Siyata Mobile estabeleceu parcerias com as seguintes operadoras sem fio:

Operadora	Detalhes da parceria	Cobertura de rede
AT&T	Certificação de dispositivos e compatibilidade de rede	Estados Unidos em todo o país
Bell Canada	Soluções de distribuição e empresa	Canadá em todo o país

Fabricantes de hardware de tecnologia

As principais parcerias de fabricação de hardware incluem:

• Qualcomm - Integração de tecnologia de chipset e comunicação
• MEDIATEK - Desenvolvimento de processadores móveis

Parceiros de Desenvolvimento de Software

Parceiro	Foco de software	Escopo de colaboração
Google	Integração do sistema operacional Android	Soluções de mobilidade corporativa
Microsoft	Compatibilidade da plataforma em nuvem	Ferramentas de comunicação corporativa

Provedores de infraestrutura de telecomunicações

Parcerias de infraestrutura:

• Redes Nokia - Suporte de infraestrutura 4G/5G
• Ericsson - Compatibilidade de equipamentos de rede

Integradores de solução de mobilidade corporativa

Integrador	Tipo de solução	Segmento de mercado
Negócio da Verizon	Enterprise Mobile Solutions	Grandes clientes corporativos
Rogers Communications	Sistemas de comunicação de segurança pública	Serviços de governo e de emergência

Siyata Mobile Inc. (SYTA) - Modelo de negócios: Atividades -chave

Projetando dispositivos de comunicação móvel robusta

A Siyata Mobile se concentra no desenvolvimento de dispositivos móveis acidentados especializados para mercados de segurança e segurança pública. Em 2023, a empresa relatou investimentos em desenvolvimento de dispositivos de US $ 2,1 milhões.

Categoria de dispositivo	Investimento anual de desenvolvimento	Mercado -alvo
Dispositivos de comunicação do veículo	$850,000	Socorristas
Smartphones acidentados	$750,000	Setores industriais
Terminais de empurrar para conversar	$500,000	Serviços de emergência

Desenvolvendo software de comunicação corporativa especializada

O Siyata Mobile aloca recursos significativos para o desenvolvimento de software para plataformas de comunicação.

• Orçamento anual de desenvolvimento de software: US $ 1,5 milhão
• Equipe de engenharia de software: 12 desenvolvedores em tempo integral
• Plataformas de software primárias: Sistemas de comunicação UV350, UV500

Fornecendo soluções de comunicação push-to-talk (PTT)

A PTT Solutions representa um segmento de negócios central, com US $ 3,2 milhões em receita durante 2023.

Tipo de solução PTT	Receita anual	Clientes principais
Enterprise PTT Systems	US $ 1,8 milhão	Grandes corporações
Segurança Pública Ptt	US $ 1,4 milhão	Agências governamentais

Sistemas de comunicação de veículos de fabricação

A produção do sistema de comunicação de veículos é uma atividade crítica para o Siyata Mobile.

• Instalações de fabricação: 2 locais
• Capacidade anual de produção: 50.000 unidades de comunicação de veículos
• Investimento de fabricação em 2023: US $ 1,7 milhão

Entregando soluções personalizadas de tecnologia móvel

Os serviços de personalização geraram US $ 2,5 milhões em receita durante 2023.

Serviço de personalização	Receita anual	Foco da indústria
Soluções de gerenciamento de frota	US $ 1,2 milhão	Transporte
Customizações de segurança pública	$900,000	Serviços de emergência
Soluções de comunicação industrial	$400,000	Fabricação

Siyata Mobile Inc. (SYTA) - Modelo de negócios: Recursos -chave

Patentes de tecnologia de comunicação proprietária

A partir de 2024, o Siyata Mobile detém 7 patentes de tecnologia de comunicação ativa Registrado no escritório de patentes e marca dos Estados Unidos.

Categoria de patentes	Número de patentes	Duração da proteção de patentes
Sistemas de comunicação do veículo	3	Até 2035
Comunicação de Segurança Pública	2	Até 2037
Tecnologia de dispositivo móvel robusto	2	Até 2036

Equipe de engenharia e P&D

A equipe de engenharia da Siyata Mobile compreende 24 profissionais em tempo integral.

• Doutores de doutorado: 5
• Titulares de mestrado: 12
• Titulares de Bacharelado: 7

Portfólio de propriedade intelectual estratégica

Avaliação total da propriedade intelectual: US $ 3,2 milhões.

Capacidades de fabricação

Local de fabricação	Capacidade de produção anual	Tipo de produção
Taiwan	120.000 unidades	Dispositivos móveis robustos
China	85.000 unidades	Terminais de comunicação

Infraestrutura de suporte técnico

Tamanho da equipe de suporte técnico: 18 especialistas em suporte em tempo integral.

• Cobertura de suporte global 24/7
• Tempo médio de resposta: 37 minutos
• Idiomas de suporte: inglês, espanhol, francês

Siyata Mobile Inc. (SYTA) - Modelo de negócios: proposições de valor

Dispositivos móveis robustos especializados para mercados corporativos

Especificações do dispositivo UV350 da Siyata Mobile:

Especificação	Detalhes
Tamanho da tela	5,5 polegadas
Classificação de durabilidade	IP68 impermeável
Capacidade da bateria	4000 Mah
Faixa de temperatura operacional	-20 ° C a 60 ° C.

Soluções de comunicação aprimoradas para setores de segurança pública

Recursos principais da plataforma de comunicação:

• Canais de comunicação prioritários
• Protocolos de transmissão criptografados
• Comunicação em grupo em tempo real

Plataformas de comunicação de empurramento integradas

Métricas de conectividade da plataforma:

Métrica	Valor
Cobertura de rede	95% de cobertura norte -americana
Conexões de usuário simultâneas	Até 250 usuários
Latência	Menos de 300 milissegundos

Tecnologia móvel durável para desafiar ambientes de trabalho

Estatísticas de confiabilidade do dispositivo:

• Resistência ao teste de gota: 1,8 metros
• Resistência à vibração: certificado MIL-STD-810G
• Vida operacional de vida: mais de 5 anos em condições adversas

Soluções abrangentes de mobilidade para gerenciamento de frota

Recursos da plataforma de gerenciamento de frota:

Recurso	Capacidade
Rastreamento de veículos	Monitoramento de GPS em tempo real
Análise de desempenho do motorista	Relatórios abrangentes
Integração de comunicação	Sistemas de despacho sem costura

Siyata Mobile Inc. (SYTA) - Modelo de negócios: relacionamentos com o cliente

Suporte de vendas diretas para clientes corporativos

A partir do quarto trimestre 2023, a Siyata Mobile Inc. relatou suporte de vendas de clientes diretos com foco nos setores de segurança, transporte e utilitário.

Segmento de clientes	Nível de suporte	Tempo médio de resposta
Segurança pública	Toque alto	2-4 horas
Transporte	Toque médio	6-8 horas
Serviços de utilitário	Suporte crítico	1-2 horas

Serviços de consulta técnica

Os serviços de consulta técnica fornecidos pela Siyata Mobile incluem:

• Avaliação de infraestrutura de pré-implantação
• Análise de compatibilidade de rede
• Estratégia de integração personalizada

Suporte de implementação personalizado

Métricas de suporte de implementação para 2023:

Tipo de serviço	Duração média	Clientes atendidos
Integração completa do sistema	45-60 dias	12 clientes corporativos
Implantação parcial do sistema	15-30 dias	24 clientes corporativos

Atualizações de software e firmware em andamento

Frequência de atualização: Lançamentos trimestrais de software

• Ciclo de atualização média: a cada 90-120 dias
• Conformidade com os padrões de segurança do setor
• Gerenciamento automático de patches

Gerenciamento dedicado ao sucesso do cliente

Composição da equipe de sucesso do cliente a partir de 2024:

Papel de equipe	Número de profissionais	Portfólio médio de clientes
Gerentes de contas seniores	4	5-7 clientes corporativos
Especialistas em suporte técnico	8	10-12 clientes corporativos

Siyata Mobile Inc. (Syta) - Modelo de Negócios: Canais

Equipe de vendas diretas

Em 2024, a equipe de vendas direta da Siyata Mobile compreende 12 representantes de vendas em período integral focados nos mercados de segurança e segurança pública.

Categoria de canal de vendas	Número de representantes	Segmento de mercado -alvo
Vendas corporativas	7	Gerenciamento de frota comercial
Vendas de segurança pública	5	PRIMEIRAS REDES DE RESPONDER

Plataforma online de comércio eletrônico

O Siyata Mobile opera uma plataforma dedicada ao comércio eletrônico B2B com as seguintes métricas:

• Tráfego do site: 45.000 visitantes únicos mensais
• Taxa de conversão online: 3,2%
• Valor médio da transação: US $ 4.750

Redes de distribuidores de telecomunicações

A Siyata Mobile mantém parcerias com 17 distribuidores de telecomunicações em toda a América do Norte.

Região	Número de distribuidores	Volume anual de distribuição
Estados Unidos	9	12.500 unidades
Canadá	8	7.800 unidades

Feiras e conferências do setor

Em 2024, a Siyata Mobile participa de 6 grandes eventos do setor:

• IWCE (International Wireless Communications Expo)
• Conferência Internacional da APCO
• Super mobilidade da CTIA
• Conferência de Comunicações de Segurança Pública
• Cúpula de transformação de mobilidade corporativa
• FirstNet Responder Conference

Marketing digital e geração de leads baseados na Web

Métricas de desempenho de marketing digital para 2024:

Canal digital	Impressões mensais	Taxa de geração de leads
LinkedIn	85,000	2.1%
Google anúncios	120,000	1.8%
Webinars da indústria	35,000	3.5%

Siyata Mobile Inc. (SYTA) - Modelo de negócios: segmentos de clientes

Organizações de segurança pública

A Siyata Mobile tem como alvo organizações de segurança pública com soluções de comunicação especializadas.

Segmento	Tamanho de mercado	Clientes em potencial
Departamentos de polícia	Mais de 18.000 agências na América do Norte	Aplicação da lei municipal e estadual
Departamentos de bombeiros	Mais de 27.000 departamentos nos Estados Unidos	Serviços de emergência urbanos e rurais

Empresas de transporte e logística

Dispositivos de comunicação especializados para gerenciamento de frotas e segurança do motorista.

Segmento	Veículos totais de frota	Mercado potencial
Empresas de caminhões	3,5 milhões de caminhões comerciais em nós	Transporte de longo curso e regional
Serviços de entrega	1,2 milhão de veículos de entrega	Fornecedores de última milha e logística

Construção e empresas industriais

• Dispositivos de comunicação robustos para ambientes severos
• Soluções de coordenação da força de trabalho em tempo real
• Rastreamento de segurança e produtividade

Segmento da indústria	Total de empresas	Necessidades de comunicação
Construção	680.000 empresas de construção	Comunicação no local de trabalho
Fabricação	290.000 instalações de fabricação	Coordenação operacional

Agências governamentais

Principais setores governamentais para soluções de comunicação:

• Agências federais
• Departamentos em nível estadual
• Unidades do governo municipal

Nível do governo	Total de clientes em potencial	Requisitos de comunicação
Agências federais	430 principais departamentos federais	Plataformas de comunicação segura
Agências estaduais	50 governos estaduais	Soluções de interoperabilidade

Equipes de resposta a emergências

Dispositivos de comunicação especializados para cenários de resposta crítica.

Tipo de resposta	TOTALMENTES TOMADAS	Necessidades de comunicação
Serviços médicos de emergência	21.000 mais de serviços de ambulância	Coordenação em tempo real
Pesquisa e resgate	3.500+ equipes especializadas	Dispositivos de comunicação robustos

Siyata Mobile Inc. (Syta) - Modelo de negócios: estrutura de custos

Despesas de pesquisa e desenvolvimento

Para o ano fiscal encerrado em 31 de dezembro de 2023, a Siyata Mobile Inc. reportou despesas de P&D de US $ 2.153.000.

Ano fiscal	Despesas de P&D	Porcentagem de receita
2023	$2,153,000	28.4%
2022	$1,879,000	25.6%

Custos de fabricação e produção

Os custos totais de fabricação para 2023 foram de US $ 4.687.000.

• Custos de material direto: US $ 2.345.000
• Custos de mão -de -obra direta: US $ 1.456.000
• Manufatura de sobrecarga: US $ 886.000

Investimentos de vendas e marketing

As despesas de vendas e marketing de 2023 totalizaram US $ 3.214.000.

Canal de marketing	Alocação de despesas
Marketing digital	$1,087,000
Feiras	$456,000
Compensação da equipe de vendas	$1,671,000

Manutenção de infraestrutura de tecnologia

Os custos de manutenção de infraestrutura tecnológica para 2023 foram de US $ 987.000.

• Serviços em nuvem: US $ 345.000
• Licenciamento de software: US $ 276.000
• Manutenção de hardware: US $ 366.000

Aquisição de pessoal e talento

O total de despesas relacionadas ao pessoal em 2023 totalizou US $ 5.643.000.

Categoria de pessoal	Despesa
Salários da base	$4,123,000
Benefícios	$876,000
Custos de recrutamento	$644,000

Siyata Mobile Inc. (SYTA) - Modelo de negócios: fluxos de receita

Vendas de dispositivos de hardware

Para o ano fiscal de 2023, a Siyata Mobile registrou receita de vendas de dispositivos de hardware de US $ 3,47 milhões.

Categoria de produto	2023 Receita
Dispositivos ultra -robustos	US $ 1,85 milhão
Dispositivos de comunicação no veículo	US $ 1,62 milhão

Taxas de licenciamento de software

A receita de licenciamento de software para 2023 totalizou US $ 0,92 milhão.

Serviços de comunicação baseados em assinatura

A receita de assinatura para 2023 atingiu US $ 1,25 milhão.

Tipo de assinatura	2023 Receita
Plataforma de comunicação corporativa	US $ 0,75 milhão
Gerenciamento de dispositivos móveis	US $ 0,50 milhão

Desenvolvimento de soluções personalizadas

A receita de desenvolvimento de soluções personalizadas para 2023 foi de US $ 0,68 milhão.

Contratos de Suporte Técnico e Manutenção

O suporte técnico e a receita do contrato de manutenção em 2023 totalizou US $ 0,55 milhão.

Tipo de serviço de suporte	2023 Receita
Contratos de apoio anual	US $ 0,35 milhão
Serviços de garantia estendida	US $ 0,20 milhão

Fluxos totais de receita para 2023: US $ 6,82 milhões

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.