IQST - iQSTEL Announces $277 Million Net Revenue for 2024, Achieves Record-Breaking $96 Million in Q4
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.
iQSTEL Inc. (OTCQX: IQST) ha riportato un fatturato netto preliminare di 277 milioni di dollari per il 2024, raggiungendo il 95% delle previsioni annuali e segnando un aumento del 91,6% rispetto ai 144,5 milioni di dollari del 2023. L'azienda ha raggiunto una performance record nel Q4 con 96 milioni di dollari di fatturato netto, rappresentando un incremento del 77% rispetto ai 52 milioni di dollari del Q3.
Sulla base del fatturato lordo, iQSTEL ha raggiunto 300 milioni di dollari, con circa 23 milioni attribuiti a transazioni tra società, rappresentanti il 7,6% del fatturato lordo. Questa performance è in linea con la visione dell'azienda di diventare un azienda da 1 miliardo di dollari di fatturato entro il 2027. L'azienda si sta preparando per un'adeguamento al Nasdaq, evidenziando la sua forte traiettoria di crescita nei settori delle telecomunicazioni e della tecnologia.
iQSTEL Inc. (OTCQX: IQST) ha informado ingresos netos preliminares de 277 millones de dólares para 2024, logrando el 95% de su pronóstico anual y marcando un aumento del 91,6% desde los 144,5 millones de dólares en 2023. La compañía alcanzó un rendimiento récord en Q4 con 96 millones de dólares en ingresos netos, lo que representa un aumento del 77% respecto a los 52 millones del Q3.
En términos de ingresos brutos, iQSTEL alcanzó 300 millones de dólares, con aproximadamente 23 millones atribuidos a transacciones interempresariales, representando el 7,6% de los ingresos brutos. Este rendimiento se alinea con la visión de la empresa de convertirse en una empresa de 1 mil millones de dólares en ingresos para 2027. La compañía se está preparando para una inclusión en Nasdaq, destacando su fuerte trayectoria de crecimiento en los sectores de telecomunicaciones y tecnología.
iQSTEL Inc. (OTCQX: IQST)는 2024년의 preliminary net revenue로 2억 7,700만 달러를 보고하였으며, 연간 전망의 95%를 달성하고 2023년의 1억 4,450만 달러에 비해 91.6% 증가하였습니다. 이 회사는 4분기에 9,600만 달러의 순수익을 기록하며 기록적인 성과를 올렸으며, 이는 3분기의 5,200만 달러에 비해 77% 증가한 수치입니다.
총 매출 기준으로 iQSTEL은 3억 달러에 도달하였고, 대략 2,300만 달러는 회사 간 거래로 귀속되어 있으며 이는 총 매출의 7.6%를 차지합니다. 이러한 성과는 2027년까지 10억 달러 매출회사가 되겠다는 회사의 비전과 일치합니다. 이 회사는 기술 및 통신 분야의 강력한 성장 경로를 강조하며 Nasdaq 상장 준비를 하고 있습니다.
iQSTEL Inc. (OTCQX: IQST) a rapporté un revenu net préliminaire de 277 millions de dollars pour 2024, atteignant 95% de ses prévisions annuelles et marquant une augmentation de 91,6% par rapport aux 144,5 millions de dollars en 2023. L'entreprise a enregistré une performance record de 96 millions de dollars de revenus nets au Q4, représentant une augmentation de 77% par rapport aux 52 millions de dollars du Q3.
Sur une base de chiffre d'affaires brut, iQSTEL a atteint 300 millions de dollars, avec environ 23 millions de dollars attribués à des transactions interentreprises, représentant 7,6% du chiffre d'affaires brut. Cette performance s'aligne avec la vision de l'entreprise de devenir une entreprise d'un milliard de dollars de chiffre d'affaires d'ici 2027. L'entreprise se prépare à un listing sur le Nasdaq, mettant en avant sa forte trajectoire de croissance dans les secteurs des télécommunications et de la technologie.
iQSTEL Inc. (OTCQX: IQST) hat vorläufige Nettoumsätze von 277 Millionen Dollar für 2024 gemeldet, was 95% seiner jährlichen Prognose entspricht und einen Anstieg von 91,6% im Vergleich zu 144,5 Millionen Dollar im Jahr 2023 markiert. Das Unternehmen erzielte eine rekordverdächtige Q4-Leistung mit 96 Millionen Dollar Nettoumsatz, was einen Anstieg von 77% im Vergleich zu den 52 Millionen Dollar im Q3 darstellt.
Auf Basis des Bruttoumsatzes erreichte iQSTEL 300 Millionen Dollar, wobei etwa 23 Millionen Dollar auf konzerninterne Transaktionen entfallen und 7,6% des Bruttoumsatzes ausmachen. Diese Leistung steht im Einklang mit der Vision des Unternehmens, bis 2027 ein Umsatzunternehmen von 1 Milliarde Dollar zu werden. Das Unternehmen bereitet sich auf einen Nasdaq-Listing vor, was seine starke Wachstumsdynamik in den Bereichen Telekommunikation und Technologie hervorhebt.
- Record Q4 net revenue of $96M, up 77% from Q3
- 91.6% year-over-year revenue growth from $144.5M to $277M
- Achieved 95% of annual revenue forecast
- Strong intercompany synergy with 7.6% of gross revenue from subsidiary transactions
- Progress towards Nasdaq up-listing
- Missed annual revenue forecast by 5%
Record-Breaking Q4 Performance
The company's Q4 net revenue reached an unprecedented
Achieving Synergy Through Subsidiaries
On a gross revenue basis, iQSTEL achieved a landmark
Unparalleled Annual Growth
Comparing 2024's preliminary net revenue of
Leandro Iglesias, CEO of iQSTEL, expressed his enthusiasm:
"We have set an incredible commercial pace on our path to becoming a
Mr. Iglesias added:
"We are laying the groundwork for our Nasdaq up-listing, showcasing exactly what national markets value: explosive growth. This year, we nearly doubled our revenue, and this is just the beginning as we progress toward our ambitious goal of becoming a
About iQSTEL:
iQSTEL Inc. (OTC-QX: IQST) (www.iQSTEL.com) is a US-based multinational publicly listed company in the final stages of the path to becoming listed on NASDAQ. With FY2024 revenues of
iQSTEL has been building a strong business platform with its customers, and by leveraging this trust, the company is now beginning to sell high-tech, high-margin products across its divisions. iQSTEL is strategically positioned to achieve
- Telecommunications Services Division (Communications):
Includes VoIP, SMS, International Fiber-Optic, Proprietary Internet of Things (IoT), and a Proprietary Mobile Portability Blockchain Platform. - Fintech Division (Financial Freedom):
Provides remittance services, top-up services, a MasterCard Debit Card, US bank accounts (no SSN required), and a Mobile App. - Electric Vehicles (EV) Division (Mobility):
Offers Electric Motorcycles and plans to launch a Mid-Speed Car. - Artificial Intelligence (AI) Services Division (Information and Content):
Provides AI solutions for unified customer engagement across web and phone channels, along with a white-label platform offering seamless access to services, entertainment, and support in a virtual 3D interface. - Cybersecurity Services:
Through a new partnership with Cycurion, iQSTEL will offer advanced cybersecurity solutions, including 24/7 monitoring, threat detection, incident response, vulnerability assessments, and compliance management, providing essential protection to telecommunications clients and beyond.
iQSTEL has completed 11 acquisitions since June 2018 and continues to develop an active pipeline of potential future acquisitions, further expanding its suite of products and services both organically and through mergers and acquisitions.
Safe Harbor Statement: Statements in this news release may be "forward-looking statements". Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions, or any other information relating to our future activities or other future events or conditions. These statements are based on current expectations, estimates, and projections about our business based partly on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties, and assumptions that are difficult to predict. Therefore, actual outcomes and results may and are likely to differ materially from what is expressed or forecasted in forward-looking statements due to numerous factors. Any forward-looking statements speak only as of the date of this news release, and iQSTEL Inc. undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this news release. This press release does not constitute a public offer of any securities for sale. Any securities offered privately will not be or have not been registered under the Act and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
Company Website
www.iqstel.com
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SOURCE iQSTEL
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