Siyata Mobile hits record low after bigger qtrly loss, revenue plunge

Core AI Holdings

15/10/2021 16:35

** Shares of 4G devices co  SYTA.O  tumble 22.2% to a record
low of $2.70 after co reports Q2 results
    ** One of top three pct. losers across exchanges; worst day
in 6 months
    ** Q2 revenue plunges 83% to $357k; loss widens to $2.26/shr
from 73 cents/shr
    ** Co says revenue fall due to a "one-time merchandise
return from a customer"
    ** More than 5x 25-DMA shares trade
    ** Stock down 68% YTD, as of Thursday close

 (Reporting by Ruhi Soni in Bengaluru;)
 ((Ruhi.Soni@thomsonreuters.com;))