Iqstel Stock Price, News & Analysis

iQSTEL, Inc. (OTCQX: IQST) reported a notable revenue surge, achieving $9.4 million in October 2022, marking an 83% increase from the previous year. The company's Q3 revenue stood at $21.94 million, a 33% increase year-over-year, contributing to a YTD revenue of over $65 million. Management anticipates exceeding the $90 million annual revenue forecast for 2022. Additionally, stockholder’s equity rose to $9.2 million, up 172% from Q3 2021, surpassing Nasdaq's listing requirements.

iQSTEL, Inc. (OTCQX: IQST) reported a 33% increase in Q3 revenue to $21.94 million in 2022 compared to the prior year. Year-to-date revenue stands at over $65 million, aligning with the company’s goal of reaching $90 million for the year. The company achieved its first operating and consolidated income positive period in Q3, marking a significant milestone. Shareholder equity surged 172% to $9.2 million, exceeding Nasdaq listing requirements, supporting its pursuit of an uplisting. The company continues to show robust financial and commercial trends.

iQSTEL, Inc. (OTCQX: IQST), a telecommunications firm, is pursuing a dual listing on Upstream, a trading app for digital securities. This move aims to attract a global investor base that can trade using USDC cryptocurrency and traditional payment methods, enhancing liquidity and price discovery for iQSTEL shares. CEO Leandro Iglesias expressed optimism that this listing would increase shareholder value and pave the way for a future NASDAQ up-listing. The approval for listing is pending, but iQSTEL meets the required standards.

iQSTEL, Inc. (OTCQX: IQST) has reported a 42% increase in 2022 year-to-date revenue, totaling $66.5 million compared to $46.8 million in 2021. This revenue figure exceeds the full-year 2021 revenue of $64.7 million. The company aims to reach a $90 million revenue target for the year, needing to maintain its Q3 performance of $23.5 million. CEO Leandro Iglesias expressed confidence in meeting or exceeding this forecast despite economic challenges.

iQSTEL, Inc. (OTCQX: IQST) announced CFO Alvaro Quintana's in-depth interview with PubCo Insight, where he confirmed the company's plans to up-list to Nasdaq and projected 2022 revenues of $90 million. Despite recent growth due to acquisitions and new divisions, the stock price has struggled, reflecting market conditions rather than company performance. Quintana reassured investors about the company's financial health and provided insight into a recent S1 filing aimed at funding future M&A opportunities. The management remains focused on long-term strategic growth and profitability.

iQSTEL, Inc. (OTCQX: IQST) has amended a common stock purchase option originally valued at $500,000 for 4,800,000 shares at $2 each. The updated agreement includes a favorable cash exercise schedule for the investor, who will forgo the cashless exercise option after the initial $1,000,000 cashless exercise. CEO Leandro Iglesias commented on the investor's confidence in the company, despite challenging market conditions. For further details, refer to the Form 8-K filed today.

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.