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Overview of iQSTEL Inc. (IQST)
iQSTEL Inc. (OTCQX: IQST) is a US-based, multinational publicly listed corporation specializing in telecommunications and cutting-edge technology solutions. With a diversified portfolio that spans telecommunications, fintech, electric vehicles (EV), artificial intelligence (AI), and cybersecurity, iQSTEL is committed to delivering essential tools and services that address modern human needs. Its mission is to make these tools accessible to all, regardless of socioeconomic status, race, or geographic location. The company is in the advanced stages of preparing for a Nasdaq uplisting, reflecting its growth trajectory and commitment to long-term shareholder value.
Core Business Areas
iQSTEL operates through four primary business divisions:
- Telecommunications: The cornerstone of iQSTEL's operations, offering international voice, SMS, and connectivity services. The company serves Tier-1 global carriers and enterprises with over 400 high-value network interconnections worldwide. Recent strategic acquisitions and platform consolidations aim to enhance operational efficiency and profitability.
- Fintech: Focused on providing virtual banking solutions that empower financial freedom. iQSTEL leverages its telecommunications infrastructure to offer innovative financial services, creating synergies across its divisions.
- Electric Vehicles (EV): The company is developing clean and affordable mobility solutions, including EV motorcycles and mid-speed cars, aligning with global sustainability trends.
- Artificial Intelligence and Cybersecurity: iQSTEL recently launched AI-driven solutions like AIRWEB.ai, a multilingual customer engagement platform, and partnered with Cycurion to offer advanced cybersecurity services. These initiatives position the company in high-margin, high-growth markets.
Revenue Model and Growth Strategy
iQSTEL's revenue model combines organic growth with strategic acquisitions. Since 2018, the company has completed 11 acquisitions, integrating complementary businesses to expand its service offerings and geographic reach. Its telecommunications division remains the primary revenue driver, contributing consistent profitability. High-margin products in AI, cybersecurity, and fintech are increasingly significant, offering potential for scalable growth. The company reported $277 million in revenue for FY2024, nearly doubling its revenue from the previous year, demonstrating its rapid expansion and operational effectiveness.
Competitive Positioning
iQSTEL operates in highly competitive markets, facing established players in telecommunications and emerging competitors in fintech and AI. Its competitive advantages include a robust global network, a diversified portfolio, and a strategic focus on high-margin products. By leveraging its existing customer base and interconnections, iQSTEL is well-positioned to cross-sell its innovative solutions, enhancing customer loyalty and revenue streams.
Commitment to Shareholder Value
The company emphasizes responsible capital structure management, maintaining a disciplined approach to share issuance. It has met most Nasdaq uplisting requirements, including shareholder equity thresholds, and plans to align any potential reverse stock split with its uplisting to maximize shareholder value. iQSTEL's management team, holding significant equity stakes, is deeply invested in the company's success.
Global Reach and Operational Strength
With a presence in over 20 countries and operations spanning 17 time zones, iQSTEL delivers 24/7 services to clients worldwide. Its strategic partnerships and acquisitions have strengthened its foothold in key markets, including Europe, Latin America, and the Middle East.
Conclusion
iQSTEL Inc. represents a dynamic blend of innovation, strategic growth, and commitment to accessibility. Its diversified portfolio and focus on high-margin, technology-driven products position it as a significant player in telecommunications and beyond. As it continues to scale and prepare for a Nasdaq uplisting, iQSTEL remains committed to delivering value to its shareholders and customers alike.
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.
iQSTEL Inc. announced the acquisition of a 51% stake in Lynk Telecom, expected to add $20M in revenue and $1M in net income annually. The deal aims to strengthen iQSTEL's US market presence and expand its telecom services, with a projected operating net income increase of over a million dollars by next year.
iQSTEL Inc. revealed $27 million in revenue for April, potentially reaching over $250 million for FY 2024. The company is a US-based, publicly listed telecom and tech firm eyeing a Nasdaq up-listing.
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