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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) 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.
iQSTEL, Inc. (OTCQX: IQST) has entered a non-binding letter-of-intent for a potential acquisition of a 2,300-mile fiber-optic network in the U.S. This move aims to enhance iQSTEL’s entry into the growing 5G market, projected to reach $700 billion by 2025. The company has been in discussions regarding this acquisition for two years, indicating a commitment to expanding its telecommunications capabilities. Following a 90-day due diligence period, iQSTEL plans to make a formal acquisition offer for the full capital stock of the network owner.
iQSTEL, Inc. (OTCQX: IQST) reported a revenue of $7.4 million for April 2022, marking a 40% increase compared to April 2021 and a 14% rise from the average monthly revenue in Q1 2022. This figure does not include revenue from recent acquisitions Smartbiz and Whisl. The company aims to achieve $90 million in revenue for the year and is on track to become net income positive. iQSTEL is also enhancing its market presence across telecommunications and electric vehicle sectors.
iQSTEL, Inc. (OTCQX: IQST) reported a 37% increase in Q1 2022 revenue, reaching $19.42 million, compared to Q1 2021. The net loss was reduced by 72%, improving stockholders' equity by 410% to nearly $7 million, exceeding Nasdaq listing requirements. From Q4 2021 to Q1 2022, revenue rose by 9%, with a gross profit increase of 201%. The company maintains $4.22 million in cash for operational stability amid market conditions. Anticipated acquisitions will add $11.6 million in revenue and increase net income by $1.34 million annually, starting in Q2.
iQSTEL, Inc. (OTCQX: IQST) announced a positive shareholder update highlighting its strong cash reserves, insulating the company from market volatility. CEO Leandro Iglesias reaffirmed the goal of achieving a $90 million revenue forecast for 2022 and emphasized that iQSTEL is not reliant on external capital. The company has seen growth in its Telecom business and its EV and fintech products, with acquisitions expected to add significant revenue. iQSTEL remains committed to a Nasdaq up-listing, with confidence that its performance will shine once market conditions improve.
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