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.
IQSTEL Inc. reports developments across its global telecommunications and technology platform, including telecom operator relationships, fintech services, AI-powered communications, cybersecurity initiatives and digital-service expansion. Company updates frequently address financial results, margin and EBITDA priorities, platform consolidation, shareholder communications and investor presentations.
Recurring IQST news also covers product and strategy announcements such as the IQCortex AI orchestration platform, efforts to commercialize higher-margin technology services through telecom channels, and capital-structure actions tied to common stock, preferred stock and shareholder distributions.
ONAR Holdings (OTCQB:RELT) released its Q3 2024 results, highlighting significant growth following its reverse merger announced in Q2 2024. The company reported a 57% increase in consolidated revenue for the nine months ending September 30, 2024, compared to the same period last year. Notable achievements include a reduction in Cost of Revenues by nearly $250,000, and a cash balance increase of approximately $0.5 million compared to December 31, 2023.
The company expanded its global workforce, with 60% of employees now spread across five continents. ONAR also formed a strategic alliance with iQSTEL (OTCQX:IQST) for market presence enhancement and technology sharing. The company maintains its commitment to reaching $100 million in revenue and uplisting to NASDAQ, with plans to establish an Independent Board of Directors in Q1 2025.
iQSTEL (OTCQX: IQST) has announced a $340 million revenue forecast for 2025, marking a significant milestone in its growth trajectory. The company is set to report its highest quarterly revenue in Q4 2024, surpassing the previous record of $78.6 million from Q2 2024, and is working towards achieving its $290 million revenue target for FY-2024.
The company's Revenue Per Share (RPS) has increased from $0.84 in FY-2023 to over $1.32 based on preliminary figures. iQSTEL aims to reach a $1 billion revenue target by 2027 through organic growth, strategic acquisitions, and expansion in fintech, cybersecurity, and AI-powered solutions, particularly following its planned Nasdaq listing.
iQSTEL has released its Q3 FY-2024 Shareholder Letter, reporting significant growth with revenue reaching $184 million for the first nine months, an 89% year-over-year increase. The company's Telecom Division achieved profitability of $548,274 in Q3, while gross profit doubled to $2 million. The company aims for $290 million in FY-2024 revenue and has met Nasdaq's minimum stockholders' equity requirement of $5 million with $8.1 million. New initiatives include the launch of AI-driven AIRWEB.ai and an upcoming cybersecurity solution. The company maintains its goal of reaching $1 billion revenue by 2027.
iQSTEL (OTC: IQST) has signed a Memorandum of Understanding to acquire the remaining 49% of SwissLink Carrier AG, valued at $750,000. The acquisition will be structured over five years, with 10% ownership transferred annually in exchange for iQSTEL common shares. This strategic move is expected to generate operational efficiencies saving up to $2 million annually. Mr. Koehler will continue his involvement in European business strategy, while Juan Carlos Lopez Silva remains CEO of both SwissLink and Etelix. The transaction aims to strengthen iQSTEL's position in Europe and advance its global telecom expansion plans.
iQSTEL (OTCQX: IQST) announces the launch of AIRWEB, a 24/7 AI-powered customer engagement assistant through its subsidiary Reality Border. The platform offers multilingual support across 57 languages, operating on both web and phone channels. AIRWEB provides services including product inquiries, complaint handling, and sales lead generation, with features like Push-to-Talk functionality and full-duplex phone support.
The launch targets the global contact center market, valued at $496 billion in 2023 and projected to reach $741 billion by 2030. The platform offers three service tiers: Interactive Web AI Agent Plan (free testing), Smart Call AI Agent Plan, and Custom AI Agent Solution.
iQSTEL Inc. (OTC: IQST) has secured a 12-month extension on its convertible notes with M2B Funding Corp., strengthening its path to a Nasdaq uplisting and its goal of achieving $1 billion in revenue by 2027. The extension covers three notes totaling $3,555,555.56, with new maturity dates in 2026. In exchange, iQSTEL will issue 646,467 restricted common stock to M2B Funding Corp.
CEO Leandro Jose Iglesias emphasized the investors' confidence in iQSTEL's long-term strategy and vision. The company is leveraging its relationships with major telecom companies to drive growth through high-margin solutions. Recent partnerships include a collaboration with Cycurion for cybersecurity solutions and ONAR for enhanced branding and marketing efforts.
This financial reinforcement and strategic moves are part of iQSTEL's progression towards its Nasdaq uplisting, positioning the company for significant growth in the high-tech telecommunications and technology solutions sector.
iQSTEL Inc. (OTCQX: IQST) has announced an exclusive partnership with Cycurion, INC. to offer top-tier cybersecurity products to the U.S. telecommunications industry and expand into other sectors internationally. This collaboration leverages iQSTEL's global presence across 17 time zones and 7 offices worldwide, aiming to deliver high-margin, high-tech offerings to telecom clients in various regions.
The partnership addresses critical challenges faced by telecom operators, including security compliance, cybersecurity professional shortage, and data breaches. Cycurion's AI-powered cybersecurity services include 24/7 monitoring, threat detection, incident response, and compliance management. This strategic move is expected to drive significant revenue growth for iQSTEL, tapping into the global cybersecurity market projected to reach $376 billion by 2029.
iQSTEL's CEO, Leandro Iglesias, emphasized that this partnership comes at a pivotal time, allowing the company to offer future-proof, high-margin services that meet the demands of today's digital landscape. The collaboration is set to enhance iQSTEL's product lineup, increase customer loyalty, and secure long-term revenue growth.
iQSTEL (OTCQX: IQST) has announced a strategic partnership with ONAR (OTCQB: RELT) to launch a transformative rebranding initiative. This collaboration aims to enhance iQSTEL's visibility, amplify its value proposition, and position the company for accelerated growth in telecommunications, fintech, electric vehicles, and AI services. The initiative comes as iQSTEL prepares for its Nasdaq uplisting and targets $1 billion in revenue by 2027.
iQSTEL projects revenue growth from $144.5 million in 2023 to $290 million in 2024, with one-third of this growth expected to be organic. The partnership with ONAR and its agency STORIA aims to increase iQSTEL's appeal to institutional investors by effectively communicating the company's growth prospects and leadership in key market segments.
The rebranding effort is designed to establish iQSTEL as a forward-thinking tech company, capitalizing on its strong business platform and trust with major telecommunications partners. This initiative is expected to drive long-term shareholder value and support iQSTEL's expansion into high-margin sectors.
iQSTEL Inc. (OTC-QX: IQST), a US-based telecommunications and technology company, is preparing for a Nasdaq uplisting. The company's leadership team recently met with five investment banks in New York, discussing strategies to enhance shareholder value. iQSTEL has shown explosive growth, increasing revenue from $13.8 million in 2018 to $144.5 million in 2023, with a forecast of $290 million for 2024. The company's success is attributed to strategic acquisitions, ventures, and organic growth. iQSTEL is focusing on high-margin SMS services and expanding into Fintech, Electric Vehicles, and AI-driven services. The company aims to reach $500 million in organic revenue by 2027, with plans to potentially double that through strategic acquisitions.
iQSTEL Inc. (OTC-QX: IQST) has reported 126% revenue growth to $130 million for the first six months of 2024, on track to reach its $290 million FY-2024 forecast. The company's Q2 revenue grew 53% from Q1, with gross profit increasing by 57%. Despite this growth, iQSTEL reported a net loss of $2.54 million, primarily due to $2.73 million in non-operating expenses, of which $1.2 million were non-cash, one-time charges.
The Telecom Division generated $909,370 in positive operating income, a 68.29% year-over-year increase. iQSTEL maintains 183.5 million outstanding shares, demonstrating commitment to responsible capital structure management. The company is preparing for a Nasdaq uplisting, having achieved all corporate requirements. Management expects to reduce non-operating expenses and achieve 7-digit positive operating income in FY-2024.