IQSTEL INC - IQST STOCK NEWS

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.

iQSTEL, Inc. (OTCQX: IQST) has acquired Whisl Telecom, a U.S.-based telecommunications operator. The acquisition aims to enhance iQSTEL's portfolio, contributing an expected $5.6 million in revenue and $0.83 million in net income over the next year. With the control of 51% of Whisl for $1.25 million in cash and $550,000 in restricted shares, iQSTEL's recent acquisitions, including Smartbiz, are predicted to generate a combined annual revenue of $11.6 million. iQSTEL continues to expand its operations into various tech sectors, aiming for $90 million revenue and positive net income in FY-2022.

iQSTEL, Inc. (OTCQX: IQST) provided a shareholder update on April 22, 2022, highlighting its progress towards a $90 million revenue target and Nasdaq up-listing. The CEO noted a strong 44% revenue growth to $64.7 million and a 59% increase in gross profit in 2021. Although the company has yet to achieve net income positivity, it reported a 42% reduction in net loss. iQSTEL plans to enhance profitability through the introduction of higher-margin products within its customer base. The company remains optimistic about overcoming current market challenges.

iQSTEL, Inc. (OTCQX: IQST) announced its acquisition of Smartbiz Telecom, a profitable voice and SMS telecom operator in the US and Latin America. This move is expected to enhance iQSTEL's profitability, with Smartbiz projected to contribute $0.5 million in net income for FY 2022. The acquisition, valued at $1.8 million, allows iQSTEL to expand its US market footprint and utilize Smartbiz's established sales infrastructure. Both companies share a strong executive relationship, facilitating integration and enhancing cross-selling opportunities.

iQSTEL, Inc. (OTCQX: IQST) reported a 44% revenue increase in 2021, totaling $64.7 million, compared to $44.9 million in 2020. The gross profit grew by 59%, resulting in a 42% reduction in consolidated net loss, now at $3.86 million. The shareholder equity rose by 368% to $6.42 million.

CEO Leandro Iglesias expressed optimism about achieving 2022 goals based on these results.

iQSTEL, Inc. (OTCQX: IQST) reports preliminary Q1 2022 revenue of $19.3 million, a 37% increase from $14.2 million in Q1 2021. Compared to Q4 2021, this is a 9.5% rise. The company anticipates publishing its 2021 audited financial report, which is a step toward Nasdaq uplisting. CEO Leandro Iglesias predicts ongoing improvements in operational efficiency and profitability, aiming for a $90 million revenue forecast for 2022. iQSTEL emphasizes confidence in its growth trajectory, underpinned by strong historical performance.

iQSTEL, Inc. (OTCQX: IQST) announced plans to close three acquisitions by April 30, 2022, as part of its strategy to achieve a $90 million annual revenue forecast and uplist to Nasdaq in 2022. CEO Leandro Iglesias emphasized progress despite market challenges, highlighting the success of the EVOSS EV Motorcycle and the launch of the MAXMO fintech product. The company aims for strong revenue growth, particularly within its fintech division, which is projected to generate over $100 million within five years. Shareholders can expect detailed updates as acquisition closings approach.