IQSTEL INC - IQST STOCK NEWS

iQSTEL, Inc. (OTCQX: IQST) announced in a letter from CEO Leandro Iglesias that the company has surpassed its revised 2021 revenue forecast, achieving over $64 million, exceeding the initial $60.5 million estimate. Looking ahead, the company targets a revenue forecast of $90 million for 2022. iQSTEL is also preparing for a Nasdaq uplisting in 2022, with an initial financing milestone of $2.75 million to meet listing requirements. Additionally, the company plans to launch its EV motorcycles soon, further enhancing its market position.

iQSTEL, Inc. (OTCQX: IQST) announced key updates from CEO Leandro Iglesias, highlighting a strategic investment deal exceeding $50 million and the upcoming Smartbiz acquisition. The company forecasts a net income positive revenue of $90 million for 2022, indicating growth across its telecommunications, IoT, blockchain, EV motorcycles, and fintech divisions. iQSTEL aims to transition to Nasdaq within the first half of 2022, with confidence rooted in its historical performance, including exceeding the 2021 revenue forecast of $60.5 million.

iQSTEL, Inc. (OTCQX: IQST) announced a series of developments in a letter to shareholders from CEO Leandro Iglesias. The company is negotiating a potential investment exceeding $50 million to support its qualification for a Nasdaq up-listing. The Board of Directors has approved the general terms of this investment proposal; however, there are no guarantees it will materialize. iQSTEL also anticipates closing its Smartbiz acquisition by January, which is part of an $80 million revenue forecast for 2022. The company projects $63 million in revenue for 2021 and a positive net income trend.

iQSTEL, Inc. (OTCQX: IQST) released a shareholder letter from CEO Leandro Jose Iglesias, outlining the company's ongoing developments and response to the Covid-19 Omicron strain. The company reported a slight loss of $111k in Q3 but anticipates surpassing break-even soon. Revenue projections for 2021 have been raised from $60.5 million to $63 million, following $58 million in year-to-date revenue. Looking ahead, iQSTEL aims for $80 million in revenue for 2022 as it explores its Telecom division and other business lines while also pursuing a NASDAQ up-listing to enhance shareholder value.

iQSTEL, Inc. (OTCQX: IQST) announced a year-to-date revenue of $58 million as of November 30, 2021, with November revenue at $6.5 million. The company raised its fiscal year 2021 revenue forecast by 4% to $63 million. Management anticipates strong growth in its Telecom Business, projecting revenues of $80 million with higher margins expected from IoT, Blockchain, EV Motorcycles, and Fintech sectors in 2022. The company, which is debt-free, aims for profitability in the near term and continues its M&A activity.

iQSTEL, Inc. (OTCQX: IQST) reported a year-to-date revenue of $58 million as of November 30, 2021, with November alone contributing $6.5 million. The company is revising its revenue forecast for FY-2021 upwards by 4% to $63 million, exceeding the previous estimate of $60.5 million. Additionally, iQSTEL expects its Telecom Business, bolstered by the upcoming acquisition of Smartbiz, to generate $80 million in projected revenue. Management aims for consolidated positive net income in 2022, with a strong emphasis on profitability.

iQSTEL (OTCQX: IQST) reported significant financial progress in Q3 2021. The company achieved a 59% revenue increase to $46.84 million year-to-date compared to $29.44 million in 2020. Gross profit rose by 95%, reaching $1.37 million. iQSTEL is now debt-free, having eliminated $8.43 million in dilutive debt. The letter emphasizes future growth through new technologies and products, targeting a total market of over $100 billion. Optimistic about achieving its $60.5 million revenue forecast, the company aims for Nasdaq listing and continuous development in various sectors.

iQSTEL, Inc. (OTCQX: IQST) announced the commencement of manufacturing for its EVOSS electric motorcycles, set to begin next week. Deliveries will target markets in the USA, Latin America, and the EU, with the first batches expected to be completed by the end of the fiscal year. The initial production includes models EVOSS 250, 350, and 450, featuring various motor capacities and a range of up to 150 km per charge. The CEO emphasized the company's objective to penetrate the EV motorcycle market and establish dealer networks in these regions.

iQSTEL, Inc. (OTCQX: IQST) has appointed Jose Antonio (Tony) Abdo as the new CEO of its EVOSS B2C Division, also taking on the role of Senior VP of Business Development. His mission includes accelerating the company's EV and FinTech initiatives and developing partnerships with major firms and government entities. With over 30 years of telecom experience in LATAM, Abdo aims to leverage his relationships to boost iQSTEL's EV distribution network and introduce its FinTech products. The company remains debt-free, with an upcoming launch of motorcycle production and FinTech services.