Iqstel - IQST STOCK NEWS

iQSTEL Inc. (OTCQX: IQST) has announced its transformation into a holding company, expanding beyond telecommunications to include fintech, artificial intelligence (AI), and cybersecurity. The company unveiled a new brand identity, including an updated logo and design, developed in partnership with ONAR marketing.

The transformation aims to position IQST as a global technology while maintaining its telecommunications foundation. The company's expansion strategy focuses on financial inclusivity through fintech solutions, AI implementation for industry efficiency, and cybersecurity services.

Regarding its NASDAQ uplisting plans, management confirmed there will be no reverse stock split prior to achieving NASDAQ listing. Any potential reverse split would only be executed in conjunction with the NASDAQ uplisting and would be formally announced through an SEC filing. The company reported that the uplisting process is currently progressing well.

ONAR has announced a new mid-six-figure partnership with iQSTEL (IQST) to lead their rebranding and marketing initiatives. The contract, finalized in October 2024, comes as iQSTEL reports exceptional Q4 FY24 results, with net revenue reaching $96 million, representing a 77% increase from Q3's $52 million.

Through its agency Storia, ONAR will focus on enhancing iQSTEL's visual identity, refining their brand story, and strengthening their market positioning in telecommunications, fintech, and technology sectors. The partnership aims to develop a consistent brand image and clear messaging strategy to effectively communicate iQSTEL's value proposition to target audiences.

iQSTEL Inc. (OTCQX: IQST) has reported preliminary net revenue of $277 million for 2024, achieving 95% of its annual forecast and marking a 91.6% increase from $144.5 million in 2023. The company achieved a record-breaking Q4 performance with $96 million in net revenue, representing a 77% increase from Q3's $52 million.

On a gross revenue basis, iQSTEL reached $300 million, with approximately $23 million attributed to intercompany transactions, representing 7.6% of gross revenue. This performance aligns with the company's vision of becoming a $1 billion revenue company by 2027. The company is preparing for a Nasdaq up-listing, highlighting its strong growth trajectory in the telecommunications and technology sectors.

ONAR Holdings (OTCQB:RELT) released its Q3 2024 results, highlighting significant growth following its reverse merger announced in Q2 2024. The company reported a 57% increase in consolidated revenue for the nine months ending September 30, 2024, compared to the same period last year. Notable achievements include a reduction in Cost of Revenues by nearly $250,000, and a cash balance increase of approximately $0.5 million compared to December 31, 2023.

The company expanded its global workforce, with 60% of employees now spread across five continents. ONAR also formed a strategic alliance with iQSTEL (OTCQX:IQST) for market presence enhancement and technology sharing. The company maintains its commitment to reaching $100 million in revenue and uplisting to NASDAQ, with plans to establish an Independent Board of Directors in Q1 2025.

iQSTEL (OTCQX: IQST) has announced a $340 million revenue forecast for 2025, marking a significant milestone in its growth trajectory. The company is set to report its highest quarterly revenue in Q4 2024, surpassing the previous record of $78.6 million from Q2 2024, and is working towards achieving its $290 million revenue target for FY-2024.

The company's Revenue Per Share (RPS) has increased from $0.84 in FY-2023 to over $1.32 based on preliminary figures. iQSTEL aims to reach a $1 billion revenue target by 2027 through organic growth, strategic acquisitions, and expansion in fintech, cybersecurity, and AI-powered solutions, particularly following its planned Nasdaq listing.

iQSTEL has released its Q3 FY-2024 Shareholder Letter, reporting significant growth with revenue reaching $184 million for the first nine months, an 89% year-over-year increase. The company's Telecom Division achieved profitability of $548,274 in Q3, while gross profit doubled to $2 million. The company aims for $290 million in FY-2024 revenue and has met Nasdaq's minimum stockholders' equity requirement of $5 million with $8.1 million. New initiatives include the launch of AI-driven AIRWEB.ai and an upcoming cybersecurity solution. The company maintains its goal of reaching $1 billion revenue by 2027.

iQSTEL (OTC: IQST) has signed a Memorandum of Understanding to acquire the remaining 49% of SwissLink Carrier AG, valued at $750,000. The acquisition will be structured over five years, with 10% ownership transferred annually in exchange for iQSTEL common shares. This strategic move is expected to generate operational efficiencies saving up to $2 million annually. Mr. Koehler will continue his involvement in European business strategy, while Juan Carlos Lopez Silva remains CEO of both SwissLink and Etelix. The transaction aims to strengthen iQSTEL's position in Europe and advance its global telecom expansion plans.

iQSTEL (OTCQX: IQST) announces the launch of AIRWEB, a 24/7 AI-powered customer engagement assistant through its subsidiary Reality Border. The platform offers multilingual support across 57 languages, operating on both web and phone channels. AIRWEB provides services including product inquiries, complaint handling, and sales lead generation, with features like Push-to-Talk functionality and full-duplex phone support.

The launch targets the global contact center market, valued at $496 billion in 2023 and projected to reach $741 billion by 2030. The platform offers three service tiers: Interactive Web AI Agent Plan (free testing), Smart Call AI Agent Plan, and Custom AI Agent Solution.

iQSTEL Inc. (OTC: IQST) has secured a 12-month extension on its convertible notes with M2B Funding Corp., strengthening its path to a Nasdaq uplisting and its goal of achieving $1 billion in revenue by 2027. The extension covers three notes totaling $3,555,555.56, with new maturity dates in 2026. In exchange, iQSTEL will issue 646,467 restricted common stock to M2B Funding Corp.

CEO Leandro Jose Iglesias emphasized the investors' confidence in iQSTEL's long-term strategy and vision. The company is leveraging its relationships with major telecom companies to drive growth through high-margin solutions. Recent partnerships include a collaboration with Cycurion for cybersecurity solutions and ONAR for enhanced branding and marketing efforts.

This financial reinforcement and strategic moves are part of iQSTEL's progression towards its Nasdaq uplisting, positioning the company for significant growth in the high-tech telecommunications and technology solutions sector.