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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.
iQSTEL, Inc. (OTCQX: IQST) has released a shareholder letter updating its 2022 business plan and outlining objectives for 2023. The company aims to achieve or exceed a $90 million revenue forecast for FY-2022 while targeting profitability by Q4 FY-2022. Key initiatives include a successful M&A campaign, expected revenue from new business divisions like Fintech and EV, and the development of an EV motorcycle. The firm plans to pursue additional strategic acquisitions and anticipates introducing an affordable four-seat EV car by the end of Q4 FY-2022.
iQSTEL, Inc. (OTCQX: IQST) reported significant financial improvements in its Q2 2022 results. Revenue surged by 47% to $23.70 million year-over-year, alongside a 75% reduction in net loss, now at $285,457. Stockholder equity soared 162% to $9.04 million, exceeding Nasdaq requirements. The company anticipates continued growth, driven by recent acquisitions expected to generate $11.6 million in revenue and $1.34 million in net income annually. Management is optimistic about achieving $90 million in revenue for FY-2022.
iQSTEL, Inc. (OTCQX: IQST) announced key insights from a management interview held on August 11, 2022. The company is set to file its 10Q report on August 15, showcasing positive trends, including a $90 million revenue forecast for 2022 and anticipated net income growth by year-end. With successful integrations of recent acquisitions, iQSTEL's Telecom Division is experiencing revenue growth. Plans for the EVOSS spinoff, aimed at Nasdaq listing, are in progress, along with new product developments in electric vehicles and Fintech partnerships.
iQSTEL (OTCQX: IQST) announced plans to complete production of its first electric vehicle (EV) by Q4 2022. The EVOSS division, focused on electric vehicles, has already launched electric motorcycles. The first EVOSS EV car will feature a top speed of 80 km/h and will be marketed in Spain, Portugal, the USA, Latin America, and select African countries. iQSTEL aims to leverage its telecom expertise to integrate advanced technology in its EV offerings. The company is on track to exceed its $90 million net income forecast for 2022, supported by its diverse business segments.
iQSTEL, Inc. (OTCQX: IQST) published a shareholder letter from CEO Leandro Iglesias, highlighting the company's confidence in achieving its $90 million revenue forecast for 2022. The letter outlines key strengths, including the successful acquisition of Smartbiz and Whisl, contributing $11.6 million in annual revenue. iQSTEL is diversifying into electric vehicles with its EVOSS division and enhancing its Internet of Things technology. The company aims for an up-listing to Nasdaq while avoiding toxic debt and maintains a positive outlook for growth in 2023.
iQSTEL, Inc. (OTCQX: IQST) reported preliminary Q2 2022 results with revenues reaching $24 million, a 23% increase from Q1. Year-to-date revenue stands at $43.4 million, reflecting a 47% growth over the same period last year. The company aims to meet its $90 million annual revenue target for 2022 while maintaining positive net income. New high-margin products, including the EVOSS Electric Motorcycle and Global Money One Maxmo, are expected to enhance Q3 revenue.
iQSTEL, Inc. (OTCQX: IQST) announced a memorandum of understanding (MOU) with BASF Corporation to field test its IoTSmartTank technology. This agreement builds on previous collaboration initiated under a letter of intent in April 2021. The IoTSmartTank, capable of non-intrusive monitoring of chemical storage parameters, has seen ongoing development, leading to a third-generation enhancement. Field trials aim to validate the technology's effectiveness in asset management. iQSTEL emphasizes its commitment to deploying this technology, pending successful trial results.
iQSTEL, Inc. (OTCQX: IQST) has provided a management update highlighting its progress in business development initiatives. The company is on track to exceed its 2022 forecast of $90 million in revenue and remain net income positive. Recent acquisitions, including Whisl and Smartbiz, are projected to generate an additional $11.6 million in revenue and $1.34 million in net income. iQSTEL is preparing for a Nasdaq up-listing and anticipates earnings growth beginning in 2023, alongside ongoing business initiatives in IoT and fintech.
On June 14, 2022, iQSTEL announced a revenue of $6.9 million for May, bringing its year-to-date revenue to over $33 million, a 39% increase from last year. The company expects its recent acquisitions, Smartbiz and Whisl, to generate an additional $11.6 million in annual revenue and $1.34 million in net income. iQSTEL aims to achieve a revenue forecast of $90 million in 2022, maintaining strong growth prospects.
iQSTEL, Inc. (OTCQX: IQST) announced a formal purchase offer for its electric vehicle subsidiary, EVOSS, exceeding its internal valuation. The buyer, a US company preparing for an IPO on Nasdaq, seeks to validate iQSTEL's business value. iQSTEL's management declined the offer, opting instead to explore a spinoff and separate Nasdaq listing for EVOSS to enhance its valuation. The company continues its growth strategy in electric vehicles, aiming for $90 million in revenue this year with positive net income. iQSTEL also plans for a Nasdaq up-listing when market conditions permit.
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