IQSTEL Inc. reports developments across its global telecommunications and technology platform, including telecom operator relationships, fintech services, AI-powered communications, cybersecurity initiatives and digital-service expansion. Company updates frequently address financial results, margin and EBITDA priorities, platform consolidation, shareholder communications and investor presentations.
Recurring IQST news also covers product and strategy announcements such as the IQCortex AI orchestration platform, efforts to commercialize higher-margin technology services through telecom channels, and capital-structure actions tied to common stock, preferred stock and shareholder distributions.
iQSTEL Inc. (OTC-QX: IQST), a US-based telecommunications and technology company, is preparing for a Nasdaq uplisting. The company's leadership team recently met with five investment banks in New York, discussing strategies to enhance shareholder value. iQSTEL has shown explosive growth, increasing revenue from $13.8 million in 2018 to $144.5 million in 2023, with a forecast of $290 million for 2024. The company's success is attributed to strategic acquisitions, ventures, and organic growth. iQSTEL is focusing on high-margin SMS services and expanding into Fintech, Electric Vehicles, and AI-driven services. The company aims to reach $500 million in organic revenue by 2027, with plans to potentially double that through strategic acquisitions.
iQSTEL Inc. (OTC-QX: IQST) has reported 126% revenue growth to $130 million for the first six months of 2024, on track to reach its $290 million FY-2024 forecast. The company's Q2 revenue grew 53% from Q1, with gross profit increasing by 57%. Despite this growth, iQSTEL reported a net loss of $2.54 million, primarily due to $2.73 million in non-operating expenses, of which $1.2 million were non-cash, one-time charges.
The Telecom Division generated $909,370 in positive operating income, a 68.29% year-over-year increase. iQSTEL maintains 183.5 million outstanding shares, demonstrating commitment to responsible capital structure management. The company is preparing for a Nasdaq uplisting, having achieved all corporate requirements. Management expects to reduce non-operating expenses and achieve 7-digit positive operating income in FY-2024.
iQSTEL Inc. (OTC-QX: IQST), a US-based multinational telecommunications and technology company, has announced its participation in the Emerging Growth Conference on August 21, 2024. The company will present its ambitious plan to reach $1 billion in sales by FY-2027. Key highlights include:
1. A targeted strategic acquisition expected to add $200 million to $300 million in annual sales.
2. A $30 million capital raise to support the acquisition and Nasdaq uplisting.
3. Organic sales projected to double existing and acquired sales.
4. Introduction of new products and services with higher margins.
The presentation will provide more details on these initiatives and the company's overall growth strategy. Investors can attend the online conference or access the archived webcast later.
iQSTEL Inc. (OTC-QX: IQST) has unveiled its ambitious plan to reach $1 billion in annual sales by FY 2027. The company, which reported $144.5 million in revenue for FY 2023 and forecasts $290 million for FY 2024, aims to achieve this growth primarily through its Enhanced Telecommunications Division. The plan consists of two major components:
1. Organic Growth: Expected to contribute approximately half of the $1 billion target.
2. Strategic Acquisition: Anticipated to add $200-$300 million in annual revenue, with potential expansion to $500 million by FY 2027.
The company also plans to consolidate subsidiaries, implement a single technology platform, and expand branding efforts to improve operating margins and market valuation. iQSTEL's current business valuation is estimated between $158 million and $198 million, excluding contributions from Fintech, EV, and AI-Enhanced Metaverse divisions.
iQSTEL Inc. (OTC-QX: IQST) has launched an institutional investor road show as part of a campaign to double its revenue from the FY 2024 forecast of $290 million, raise $30 million in strategic investment, and uplist to Nasdaq. The first investor presentation will take place at the Emerging Growth Conference on July 17-18, 2024. CEO Leandro Iglesias highlighted the favorable timing of the road show, coinciding with a market rally that has increased investment banking activities for major banks.
iQSTEL recently published a comprehensive business plan detailing its strategy to reach $500 million in annual sales and uplist to Nasdaq. The plan was filed with the SEC on Form 8K on July 12, followed by the Company Presentation for the Emerging Growth Conference on July 16.
iQSTEL Inc. (OTC-QX: IQST) has published a comprehensive business plan detailing its strategy to reach $500 million in annual sales and uplist to Nasdaq. The company is transitioning from a holding company to a unified telecommunications , with plans to simplify brands and reduce redundancies. Key highlights include:
- Projected $290 million revenue for FY 2024 with $7 million gross profit
- Q2 2024 preliminary revenue of $77M, a 49% increase from Q1
- Planned acquisition of Lynk Telecom, expected to add $20 million in annual revenue
- Consolidation of technological platforms to improve synergies
- Focus on expanding retail and corporate business segments
- Capital raising of up to $10.5 million for debt redemption and free cash
- Ultimate goal of raising $30 million for a major acquisition to reach $500 million in annual revenue and prepare for Nasdaq uplisting
iQSTEL (OTC-QX: IQST), a US-based telecom and tech firm, is set to present at the Emerging Growth Conference on July 17-18, 2024. The presentation will occur online on July 17th from 9:40 to 10:10 AM EST. Key topics include a projected $290 million revenue for FY-2024, a 50% revenue growth in 2023, M&A strategies, and details on their Nasdaq uplisting plans. Recent acquisitions like QXTEL are expected to contribute positively. Other projects in focus are AI-enhanced metaverse, IoT smart gas, fintech, and electric vehicles.
iQSTEL, a telecommunications and technology company, has announced plans to accelerate revenue and profit growth beyond its $290 million 2024 forecast. The company previously achieved 44% annual revenue growth in 2022 and 2021 through acquisitions, and 55% organic growth in 2023. The new strategy involves consolidating its subsidiaries into a unified commercial to enhance operational efficiency and customer service. The company expects significant revenue and profit gains from this consolidation. Additionally, iQSTEL continues its M&A activities, with the LYNK acquisition nearing completion.
iQSTEL has announced a revised revenue forecast for FY-2024, projecting $290 million, a 100% increase from FY-2023's $144.5 million. The growth is driven by organic expansion and the recent QXTEL acquisition, excluding potential contributions from the pending Lynk Telecom acquisition. The company reported $54 million in revenue for April and May 2024, surpassing the $51.4 million earned in Q1 FY-2024. iQSTEL emphasizes organic growth as a major factor, with previous years' growth at approximately 44% and 55% in 2022 and 2023, respectively. The gross profit forecast for FY-2024 is set at $7.5 million, up from $4.6 million in FY-2023. iQSTEL is also aiming for a seven-digit positive operating income and highlights the potential for further bottom-line benefits in subsequent years as operational efficiencies materialize.
iQSTEL announced a 108% revenue increase in Q1 FY-2024 to $51.4 million compared to Q1 FY-2023. This growth is fully organic and does not include contributions from recent acquisitions QXTEL and LYNK.
However, the company reported a net loss of $580,216 primarily due to increased expenses related to acquisition transactions and Nasdaq up-listing initiatives. Professional and technological services expenses also rose due to Smartbiz's migration to the VAMP platform.
The Telecom Division, a key revenue generator, posted a positive operating income of $484,624 for Q1 FY-2024. The company's working capital improved to $2,135,095 as of March 31, 2024. Management expects continued growth and plans to hit a quarter-billion-dollar revenue in FY-2024.