Welcome to our dedicated page for Iqstel news (Ticker: IQST), a resource for investors and traders seeking the latest updates and insights on Iqstel stock.
About iQSTEL
iQSTEL Inc. (symbol: IQST) is a US-based, multinational telecommunications and technology corporation that has evolved into a dynamic holding company. With a robust history of strategic acquisitions and organic growth, iQSTEL has established a broad portfolio spanning telecommunications, fintech, electric vehicles, artificial intelligence, and cybersecurity. This diversified approach enables the company to provide the essential tools required to meet modern human needs such as connectivity, financial access, and innovative mobility solutions.
Core Business and Services
At its heart, iQSTEL is dedicated to offering high-quality communication and connectivity services to Tier-1 global carriers, corporations, and international enterprises. Its core business revolves around:
- Telecommunications: Delivering ubiquitous voice, SMS, and data services through an extensive network of high-value interconnections.
- Fintech Solutions: Empowering virtual banking and financial services that enhance digital access to financial freedom, regardless of socioeconomic status.
- Electric Vehicles (EV) and Mobility: Supporting clean and affordable mobility by integrating advanced technologies to meet today’s transportation challenges.
- Artificial Intelligence and Cybersecurity: Pioneering AI-driven solutions for customer engagement and robust cybersecurity measures to protect digital assets.
By leveraging its expertise in network consolidation and cross-sector integration, iQSTEL is able to deliver high-margin, innovative offerings that address evolving market demands.
Global Footprint and Strategic Positioning
iQSTEL operates on a truly global scale with a presence in multiple countries and time zones. The company’s ability to integrate international telecom operations and expand its service offerings through carefully selected acquisitions has solidified its position as a major competitor in the technology and communications sectors. Its strategic partnerships enhance operational efficiencies and support a strong, globally integrated network.
Innovation and Diversification
Innovation lies at the core of iQSTEL’s business strategy. Through a series of deliberate ventures and acquired assets, the company has broadened its technological expertise. A recent rebranding initiative marked a bold step in redefining its identity from a traditional telecom provider to a comprehensive technology force. Today, iQSTEL’s portfolio spans not only telecommunications but also high-value fintech services, EV support systems, and AI-powered cybersecurity solutions. This diversification enables the company to convert industry challenges into new avenues for sustainable growth.
Expertise and Operational Excellence
iQSTEL boasts a management team with decades of combined experience in international telecommunications and technology services. This deep reservoir of expertise supports its ability to execute complex integration strategies and maintain a disciplined approach to managing capital and operational costs. The company’s focus on streamlined operations—whether through consolidation of telecom platforms or the adoption of cutting-edge digital tools—has resulted in scalable efficiencies that benefit its high-margin segments.
Market Position and Value Proposition
Positioned at the intersection of technology and essential human needs, iQSTEL serves as a critical enabler for global connectivity and digital advancement. Its solutions are designed to break down barriers, providing access to vital services such as uninterrupted communications, secure financial transactions, and innovative mobility options. The company’s mission is rooted in ensuring that these tools are accessible across diverse communities, reinforcing its reputation for social responsibility without compromising on profitability and efficiency.
Commitment to Transparency and Growth
Adhering to stringent reporting and audit standards, iQSTEL maintains an unwavering commitment to transparency, an essential characteristic for investor trust. This commitment is further underscored by its strategic initiatives geared towards a Nasdaq uplisting, which is intended to enhance investor confidence and broaden its market exposure. Through a balanced mix of organic growth and strategic mergers and acquisitions, iQSTEL continues to build an enduring platform for value creation while safeguarding the interests of its diverse stakeholder base.
Conclusion
In summary, iQSTEL represents an innovative fusion of expansive global connectivity and advanced technology solutions. Its ability to integrate multiple business disciplines—from reliable telecom services to forward-thinking fintech and AI—positions it uniquely within a competitive market. Whether it is addressing the pressing demand for secure communications or pioneering new products in emerging markets, iQSTEL is a company built on expertise, operational excellence, and a forward-looking vision that resonates with both customers and investors worldwide.
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.
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