IQSTEL INC - IQST STOCK NEWS

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.

iQSTEL Inc. announced that its Q2-2023 revenue exceeded expectations, reaching $32.5 million, a 32% increase compared to Q1. The company is on track to surpass its $120 million annual revenue forecast and expects 2023 to be its best year since its launch in 2018.

iQSTEL Inc. raises annual revenue forecast to $120 million after record-breaking sales in April and May. YTD revenue through May is $47 million, 39% higher than 2022. CEO confident in long-term performance and share price appreciation.

iQSTEL Inc. (OTCQX: IQST) announced a Q1 2023 revenue of $22.9 million, marking an 18% increase year-over-year. The company's gross profit reached approximately $780,000, a 36% growth compared to Q1 2022. Full-year 2022 revenue was $93.2 million, a 44% increase from 2021, with a gross profit of nearly $1.8 million. Q1 2023's gross profit already represents 43% of the gross profit reported for the entire year in 2022. CEO Leandro Iglesias expressed confidence in meeting or exceeding the $105 million revenue forecast for 2023, citing improved profit margins and operational efficiency. The company has completed 10 acquisitions since June 2018 and is preparing for a Nasdaq up-listing.

iQSTEL Inc. (OTCQX: IQST) has addressed shareholders in a letter detailing its financial results for the year ending December 31, 2022. The company reported a revenue increase of 44% over the past two years, reaching $93.2 million in 2022, with a projected $105 million for 2023. Gross profit also grew by 16.81%. While total liabilities increased, key financial ratios indicated stability, with a current ratio of 1.00. Operating expenses dropped significantly from 6.98% of revenue in 2021 to 5.35% in 2022. Despite a net loss of $6.7 million, management remains optimistic about achieving positive operating income in 2023, backed by their history of acquisitions, which have enhanced company value. iQSTEL aims for a Nasdaq uplisting and continues to focus on its mission of addressing fundamental human needs through telecommunications and other services.

iQSTEL Inc. (OTCQX: IQST) has announced plans to file an extension for its 2022 Annual Report and audited financial statement, allowing more time for review due to significant growth. Revenue is projected to rise from $13.7 million in 2018 to $93 million in 2022, fueled by both organic expansion and acquisitions. The report will consolidate results from nine operations, including new acquisitions. The company aims to meet Nasdaq up-listing standards by enhancing disclosure practices. CEO Leandro Iglesias reassures shareholders of the continued commitment to delivering strong results in the coming years.