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Exhibit 99.1 siyata mobile NEWS RELEASE Siyata Mobile Announces Second Quarter 2021 Financial Results Vancouver , BC - October 14 , 2021 - Siyata Mobile Inc. ( NASDAQ : SYTA , SYTAW ) ( " Siyata " or the " Company " ) , a global vendor of Push - to - Talk over Cellular ( PoC ) devices and cellular booster systems , announces its financial results for the three months ended June 30 , 2021. All amounts are in U.S. dollars unless otherwise indicated . Key Financial Highlights for the Three Months ended June 30 , 2021 • Revenues for the three months ended June 30 , 2021 were $ 356,979 compared to $ 2,130,981 in the prior year period . This negative variance of $ 1,774,002 ( -83 % ) is due mainly to a one - time merchandise return from a customer in Q2 2021 in the amount of $ 1,130,128 . Without this return , year - over - year sales would have decreased by 30.2 % to $ 1,487,107 . • Revenues for the six months ended June 30 , 2021 were $ 4,388,954 compared to $ 4,414,031 in the prior year period . This negative variance of $ 25,077 ( 1 % ) is due mainly to the aforementioned one - time merchandise return from a customer in Q2 2021. Without this return , year - over - year sales would have increased by 25 % to $ 5,519,082 . This increase relates to the 152 % increase in booster sales in the United States , specifically in the industrial marketplace , offset by a decrease in sales of rugged handsets . • Adjusted EBITDA for the three months ended June 30 , 2021 was ( $ 4,607,747 ) versus ( $ 541,721 ) in the prior year period , a negative variance of $ 4,066,026 . Adjusted EBITDA is defined as the net operating loss excluding depreciation and amortization , intangible impairment , goodwill impairment and share - based compensation expense . • The Company experienced a net loss for the three months ended June 30 , 2021 of ( $ 10,862,538 ) compared to net loss of ( $ 627,004 ) in the prior year period , a negative variance of ( $ 10,235,534 . ) . However , there were several non - cash , non - recurring items in the quarter , including an inventory impairment of $ 1.8M , intangible impairment of $ 4.3M , and goodwill impairment of $ 0.8M . The adjusted net loss would have been $ 3.9M if these non - cash , non - recurring items were excluded . Siyata ended the quarter with $ 5,819,387 in cash and restricted cash , and $ 5,355,098 in working capital .