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)