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iQSTEL Inc. (OTC-QX: IQST) is a US-based multinational telecommunications and technology company preparing for a Nasdaq up-listing. With a focus on serving basic human needs, iQSTEL provides access to communications, virtual banking, clean mobility, and information through its four Business Divisions: Telecommunications, Fintech, Electric Vehicles, and Metaverse. Recent achievements include becoming an associate Industry member of the GSMA, a global organization representing mobile network operators worldwide.
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iQSTEL Inc. (IQST) has announced an agreement to acquire 51% of QXTEL LTD., a London-based Telecommunications Services Provider, adding QXTEL to its Telecom Division. The addition of QXTEL is expected to add over $80 million in annual revenue, with combined sales projected to reach $250 million annually. iQSTEL achieved a consolidated positive operating income in Q3 of 2023, ahead of forecast, and expects the addition of QXTEL to further boost its Telecom Division to forecast $3 million of positive operating income annually. The founders and management of QXTEL share iQSTEL's vision to become one of the major international wholesale telecommunications operators, providing voice, messaging, and enhanced value-added services. The acquisition is expected to put the combined company in the select list of top operators. The companies expect to finalize and close the acquisition agreement within the next 60 days, with additional details to be released before the IQSTEL shareholders meeting.
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iQSTEL Inc. (IQST) reports a 50% revenue growth to $140 million in 2023, delivering $0.81 per share compared to $0.57 per share in 2022. The company's gross margin increased in Q4-2023, with operating income turning positive ahead of schedule in Q3-2023. Management anticipates continued rapid growth in revenue and margins in 2024.
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iQSTEL Inc. (IQST) exceeded its 2023 $120 million annual revenue forecast, reaching $140 million based on preliminary accounting. The company's gross margin continued to grow in Q4 after the operating income turned positive ahead of schedule in Q3. Management plans to revise its original $145 million 2024 annual revenue forecast upward. The company filed a Definitive Proxy Statement for an upcoming annual shareholder meeting scheduled on Wednesday January 31, 2024, at 10 am (EST).
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iQSTEL Inc. (OTC-QX: IQST) has exceeded its FY-2023 $120 million annual revenue forecast based on preliminary accounting. The company CEO, Leandro Iglesias, has published the first of two shareholder letters to review the highlights of the company's 2023 performance and outline plans for continued growth in 2024. The company also announced a $145 million revenue forecast for FY-2024, excluding contributions from anticipated acquisitions. iQSTEL has achieved consolidated operational profitability earlier than anticipated and aims to maintain it. The company is optimistic about a reduction in interest rates and improving investment environment for growth companies in 2024. iQSTEL plans to increase revenue and bottom line contribution of its Telecommunications division and reduce Pubco expenses. The company is also looking forward to two target telecommunication acquisitions in 2024 and aims to uplist to Nasdaq.
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iQSTEL Inc. (IQST) announces a $145 million revenue forecast for FY 2024, expecting to exceed its $120 million FY 2023 forecast. With a recent 81% revenue growth in Q3 FY 2023 to $39.8 million and positive operating income, the company attributes its success to streamlined operations, standard operating procedures, and new product offerings. iQSTEL aims to increase gross margins and anticipates further growth, demonstrating a 10x revenue increase since 2018 and plans to up-list to Nasdaq.
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iQSTEL Inc. (OTC-QX: IQST) announced that its year-to-date revenue exceeds $110 million, with Q3 FY2023 revenue reaching a record high of $39.8 million, an 81% increase over the previous year. The company achieved positive operating and net income in Q3, one quarter earlier than forecasted. These results position iQSTEL for continued growth and potential uplisting to Nasdaq.
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iQSTEL Inc. (OTC-QX: IQST) reports record high quarterly revenue of $39.8 million for Q3 FY2023, an 81% increase from the same period in the previous year. The company's YTD revenue of $97.2 million exceeds the $120 million annual forecast. Additionally, iQSTEL achieved positive operating and net income in Q3, one quarter earlier than forecasted.
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iQSTEL Inc. reports year-to-date revenue of $100 million through Q3, exceeding last year's revenue by 54% and expects to surpass $120 million forecast for year-end 2023.
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iQSTEL Inc. announces executing a term sheet with LDA Capital for $10 million as part of its plan to uplist onto the Nasdaq Stock Market. iQSTEL reported $93.2 million in revenue last year and is on track to meet or exceed its $120 million 2023 revenue forecast. The $10 million investment is expected in two tranches, with the first $5 million to be placed in exchange for a 24-month bond. The second $5 million is expected following a successful uplisting to Nasdaq. Management believes the partnership may bring new market visibility and elevate iQSTEL's market cap. iQSTEL and LDA Capital are beginning a 30-day due diligence engagement.
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iQSTEL Inc. achieves over $13 million in monthly revenue, on track to exceed $120 million annual revenue forecast.
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FAQ
What is the current stock price of IQSTEL (IQST)?
The current stock price of IQSTEL (IQST) is $0.3021 as of January 3, 2025.
What is the market cap of IQSTEL (IQST)?
The market cap of IQSTEL (IQST) is approximately 49.5M.
What is iQSTEL Inc. known for?
iQSTEL is known for its focus on serving basic human needs through telecommunications, fintech, electric vehicles, and the metaverse.
What recent achievement did iQSTEL announce?
iQSTEL recently became an associate Industry member of the GSMA, a global organization representing mobile network operators worldwide.
What are iQSTEL's core Business Divisions?
iQSTEL has four core Business Divisions: Telecommunications, Fintech, Electric Vehicles, and Metaverse.
What is iQSTEL's revenue forecast for FY-2024?
iQSTEL has a $290 Million Dollar Revenue forecast for FY-2024 with a Positive Operating Income of 7 digits.
How many acquisitions has iQSTEL completed since June 2018?
iQSTEL has completed 12 acquisitions since June 2018, showcasing its growth and expansion strategies.
IQSTEL INC
OTC:IQST
IQST Rankings
IQST Stock Data
49.52M
137.47M
1.4%
0.01%
Telecom Services
Communication Services
United States of America
Coral Gables