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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 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.
iQSTEL Inc. (OTC-PINK: IQST) has launched the TuVolten 550 Elite, an advanced electric motorcycle, combining previous designs into a powerful new model. With a 5KW motor, it achieves speeds of 70 MPH and a range of approximately 125 miles per charge. Enhanced features include regenerative braking for increased range and several customization options. The TuVolten 550 Elite is close to completing its E-Mark certification, initiated in December 2022, with upcoming shipments to Spain for street testing. Management anticipates generating revenues and positive operating income in FY-2023.
iQSTEL Inc. (OTCQX: IQST) announced on March 27, 2023, that its Independent Board of Directors has tasked management with combating naked short selling. The management is negotiating with a specialized firm known for addressing such issues. Recent data indicates that short selling has exceeded 50% of iQST's daily trading volume on multiple occasions. CEO Leandro Iglesias highlighted shareholder concerns regarding the share price being impacted by naked short selling. The company aims to identify specific bad actors and take legal action if necessary. iQSTEL is preparing for a Nasdaq up-listing with a forecasted $105 million in revenue for FY2023.
iQSTEL Inc. has announced a Joint Venture (JV) with GOTMY to develop a white label metaverse solution aimed at telecom customers. This venture taps into the rapidly growing metaverse market, currently valued at
iQSTEL, Inc. (OTCQX: IQST) announced that its Independent Board of Directors approved the 2023 business plans ahead of the annual shareholder meeting on January 31, 2023. CEO Leandro Iglesias highlighted a record operational performance in 2022 despite economic challenges. The FY-2022 revenue is estimated at $93 million, exceeding forecasts and showing a 47% increase over 2021. The company detailed several achievements across its Telecom, Fintech, Blockchain, and Electric Vehicle divisions, with a revenue forecast of $105 million and a projected positive net income for FY-2023. Shareholders can now cast proxy votes ahead of the meeting.
iQSTEL, Inc. (OTCQX: IQST) has announced that shareholders can now cast proxy votes ahead of the annual meeting set for January 31, 2023. Instructions for voting online or by mail have been sent to shareholders via email and printed proxy cards. The Proxy Statement includes items for electing directors and ratifying the accounting firm. CEO Leandro Iglesias expressed satisfaction with 2022's performance, noting a forecast of $90 million in revenue and a potential Nasdaq up-listing in 2023. iQSTEL aims to involve shareholders in the meeting by inviting them to propose additional business matters.
iQSTEL, Inc. (OTCQX: IQST) announced an annual shareholder meeting on January 31, 2023, alongside a shareholder letter from CEO Leandro Iglesias. The company reported achieving its 2022 revenue forecast of $90 million and anticipates a preliminary revenue forecast of $105 million for 2023. iQSTEL aims to increase profitability following its first profits in Q3 2022, and is focused on a potential Nasdaq up-listing. Shareholders can participate in a live webcast during the meeting and vote on director elections and accounting firm ratification.
iQSTEL, Inc. (OTCQX: IQST) reported significant growth in November 2022, with a 52% revenue increase to $10 million, up from $6.6 million in November 2021. Year-to-date revenue reached $84.5 million, setting the company on track to meet its $90 million annual forecast for 2022. The Q3 report revealed a 33% increase in revenue to $21.94 million and marked the first positive operating income period. CEO Leandro Iglesias expressed confidence in exceeding the $105 million revenue forecast for 2023 based on ongoing projects.
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