IQSTEL INC - IQST STOCK NEWS

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.

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.

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.

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.

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.

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.

iQSTEL Inc. achieves over $13 million in monthly revenue, on track to exceed $120 million annual revenue forecast.

iQSTEL Inc. has achieved over $13 million in revenue in both July and August, putting them on track to reach over $130 million in annual revenue, surpassing their $120 million forecast. The company reported $57.5 million in revenue for the first six months of the year, with year-to-date revenue through August exceeding $83 million. iQSTEL's core telecommunications operating income is also on track to increase, with positive trends in their SwissLink 2.0 operation and anticipated positive operating income for Q3 in their QGlobal SMS business. The company plans to expand its new operations and recently launched an AI-Enhanced Metaverse App V1.2, with potential engagements from a retail company and a global bank.

iQSTEL announces v1.2 of AI-Enhanced Metaverse app, reports $93 million in annual revenue for 2022, on track to meet or exceed $120 million FY-2023 forecast.