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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) 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.
iQSTEL (OTCQX: IQST) announces progress toward its objectives for 2022, aiming for $90 million in revenue and an uplisting to Nasdaq in the first half of the year. CEO Leandro Iglesias emphasizes commitment to these goals despite market challenges. Key initiatives include testing their EVOSS electric motorcycles, with promising demand from dealers and plans for a global fintech product launch. The company has begun the Nasdaq application process and remains optimistic about its financial performance and increased shareholder value.
iQSTEL (OTCQX: IQST) released a letter to shareholders emphasizing its commitment to 2022 revenue and Nasdaq uplisting goals despite global conflicts. CEO Leandro Iglesias highlighted the growing need for connectivity among the immigrant population, enhanced by their voice and SMS services, and the launch of the Global Money One MAXMO fintech ecosystem. He also noted the timely introduction of the EVOSS EV Motorcycle amid rising petroleum costs. The company is pursuing two acquisitions to boost revenue, aiming for a $1 billion valuation as it completes its Nasdaq application.
iQSTEL, Inc. (OTCQX: IQST) provided a shareholder update emphasizing business growth and plans for Nasdaq uplisting. The company forecasts $90 million in revenue and a positive net income for the fiscal year. Key highlights include January's $6.7 million in telecom revenue, advancements in IoT product installations, and the upcoming global launch of the MAXMO fintech ecosystem. Additionally, iQSTEL is progressing with its EV motorcycle line and preparing to file for Nasdaq listing. The CEO committed to keeping shareholders informed through regular online interviews.
iQSTEL, Inc. (OTCQX: IQST) released a shareholder letter from CEO Leandro Iglesias, addressing the company's goal of achieving a Nasdaq uplisting. The company projects $64 million in revenue for 2021, with January 2022 revenue at $6.7 million—a 42% increase from January 2021. The letter highlights iQSTEL’s plans for growth in financial services and electric vehicles (EVs), leveraging the migrant remittance market. The CEO expresses optimism that future audited financial reports will enhance the share price by aligning with the company's fundamentals and growth strategies.
iQSTEL, Inc. (OTCQX: IQST) reported a strong performance in 2021, expecting $64 million in revenue primarily from telecommunications services targeting the global migrant market of over 280 million. The company forecasts a revenue increase to $90 million in 2022 by expanding its services into financial services and electric vehicle transportation. iQSTEL is also on schedule to uplist to Nasdaq, having achieved necessary equity requirements and secured strategic investments for growth. CEO Leandro Iglesias plans to update shareholders on February 17, focusing on the company's market potential.
iQSTEL, Inc. (OTCQX: IQST) is on track to achieve its $90 million revenue target for 2022 and aims to uplist to Nasdaq within the first half of the year. CEO Leandro Iglesias reassured shareholders that despite market volatility and inflation, the company remains committed to its goals, with no foreseeable obstacles. iQSTEL's share price is subject to market fluctuations, but the CEO expresses confidence in potential growth to meet Nasdaq's minimum listing criteria. The company operates in telecommunications, electric vehicles, and financial services across 15 countries.
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