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NEW YORK, Sept. 12th, 2024 -- iQSTEL Inc. (OTC-QX: IQST) (http://www.iQSTEL.com), a US-based, multinational, fully reporting, and audited publicly listed telecommunications and technology company, preparing for a Nasdaq uplisting, today released details regarding the company’s leadership team visit to New York last week. The company engaged in productive discussions with five investment banks specializing in supporting small-cap companies with market capitalizations below $500 million. Each of these banks expressed a strong interest in partnering with us, recognizing the significant potential in iQSTEL's growth trajectory and our journey towards uplisting to Nasdaq.
During these meetings, management shared the company’s strategic vision, plans for future growth, and recent substantial developments. We also discussed strategies to enhance and expand shareholder value, focusing on consolidating divisions, rebranding, and leveraging the Nasdaq uplisting to position iQSTEL on a much more substantial exchange, adding credibility and recognition our company now deserves.
To provide our valued shareholders a clearer picture of our path forward, we’ve summarized the core message of our presentation in the following letter:
Dear Valued Shareholders,
As we reflect on our remarkable journey and look ahead to an exciting future, I invite you to join us as we continue building on the success of iQSTEL. Our company, rooted in decades of experience in the telecommunications industry, has achieved exponential growth since its inception. With your continued support, we are poised to reach new heights.
Our Story: From Inception to Innovation
iQSTEL’s journey began with deep roots in the global telecommunications sector. My CFO, Alvaro Quintana, and I spent years managing international business at major telecom subsidiaries, Alvaro at Telecom Italia’s DIGITEL, and myself at Verizon’s Cantv. Together, we bring over 50 years of combined experience in international voice, SMS, fiber-optic, and satellite connectivity. Throughout our careers, we built strong business and personal relationships with the largest players in the telecom arena, further cementing the foundation for iQSTEL’s success. This wealth of knowledge and personal relations became the foundation for what would later become iQSTEL.
In 2008, we co-founded Etelix with a focus on international voice services, leveraging our expertise and network to establish a strong foothold in the industry. By 2018, we transitioned into a publicly traded company, recognizing that this path would provide us access to capital markets, fueling the exponential growth we had envisioned. Today, iQSTEL stands as a leader in international telecommunications, constantly evolving and expanding into new, innovative areas.
Enhancing Shareholder Value
During our recent meetings with five investment banks in New York, we discussed our strategic initiatives for increasing shareholder value, including the consolidation of divisions, a comprehensive rebranding strategy, and the anticipated Nasdaq uplisting. The move to Nasdaq will place iQSTEL on a substantial exchange that brings added credibility, enhanced exposure, and broader access to investors, further driving shareholder value as we continue to scale our operations.
Explosive Growth and Strong Momentum
In 2018, iQSTEL generated $13.8 million in revenue. By 2023, we had reached $144.5 million, a tenfold increase in just five years. Our forecast for 2024 is set at $290 million, with $134 million already reported in the first half of the year. Historically, the second half of the year shows stronger results, reinforcing our confidence in achieving our forecast.
This rapid growth is a direct result of a strategic blend of acquisitions, ventures, and organic development. Since 2018, we have completed 11 acquisitions and ventures, primarily in telecommunications, carefully selecting companies that complement our existing portfolio and bringing in top industry executives to drive further expansion. In 2023, we reported $144.5 million in revenue, with $50 million—one-third of the total—coming from organic growth. For 2024, we expect to achieve $290 million in revenue, with $90 million in organic growth, again accounting for one-third of the total forecast.
Our Executive Strength: A Deep Bench of Global Expertise
At iQSTEL, our success lies in our ability to integrate acquisitions and the top executive team as partners into our broader strategy, allowing synergies to propel organic growth. Today, we have 100 employees spread across 20 countries, operating in 17 time zones, and our business serves major telecom players like Verizon, T-Mobile, Telefonica, Telecom Italia, British Telecom, Deutsche Telecom, Vodafone, Millicom, Orange, Etisalat, China Telecom, among others.
Our executive team not only brings over 250 years of combined experience in telecommunications and international business, but also boasts deep connections with major companies worldwide. This structure allows us to take on significant new business without adding additional management, ensuring scalable and efficient growth as we continue to expand globally.
Our presence is global, with offices in Miami, Venezuela, Argentina, UK, Switzerland, Turkey, and Dubai. We maintain more than 400 high value network interconnections around the world, delivering international voice, SMS, and connectivity services that form the core of our business.
Strategic Focus on High-Margin SMS Services
Our current telecom voice services generate an 8% gross profit, while part of our SMS portfolio offers over 20% in gross margin. Over the past two years, we have rapidly developed this high-margin SMS portfolio, making it a key focus of our growth strategy. By increasing sales in this segment by just 10%, we can achieve the equivalent of a 25% increase in our voice services. A key justification for acquiring QXTEL was the SMS portfolio it brings, which aligns perfectly with our strategy to prioritize higher-margin products. This shift positions us to steadily grow our operating income while maintaining our current business trajectory.
Selective and Strategic Acquisitions and Ventures
In acquiring our 11 subsidiaries and ventures, we carefully selected targets that added, focusing on adding top executives in the international telecom arena while gaining high-value in terms of products, strategic customer relationships, and expanding our international footprint. This approach has allowed us to establish a strong business position and maintain a high quality of service across the U.S., Latin America, Europe, Africa, and the Middle East.
Preparing for Nasdaq: A Strategic Approach
We have been diligently preparing for our uplisting to Nasdaq for two years, a pivotal moment for iQSTEL. We have already met almost all the requirements, including the establishment of an Independent Board of Directors, Audit Committee, Compensation Committee, Ethics Code Committee, and fulfilling the shareholders’ equity requirement, among others. The only remaining requirement is achieving the minimum price per share, a matter we have communicated in detail to our 22,000 shareholders.
In conjunction with the Nasdaq uplisting, we are implementing several strategic initiatives, including:
A complete branding strategy led by a professional marketing agency.
Consolidating the ownership of our subsidiaries to create a streamlined business structure.
Implementing a unified technological platform to enable synergies, cross-selling, and up-selling across our product and service lines.
These measures are designed to accelerate our growth and profitability. By reducing costs through platform consolidation and refining our business operations, we anticipate adding $2 million to our operating income. Simultaneously, our growing revenue base enables us to expand without significant new cost contributions, leading to an even more rapid increase in our bottom line.
A Bright Future: High-Margin Products and Strategic Growth
We believe iQSTEL has a brilliant future, and we are laying the groundwork for sustained success. Over the past few years, we have built a strong business platform, positioning ourselves to offer additional high-margin products and services to our existing telecom customers. This is the cornerstone of our long-term strategy to develop high-tech, high-margin products in emerging sectors.
Our efforts are already underway in key areas like Fintech, Electric Vehicles (EV), and AI-driven services. These products will not only diversify our revenue streams but also leverage our existing relationships with major telecom clients, creating significant cross-selling opportunities.
Path to $1 Billion in Revenue
Our ambitious business plan projects iQSTEL achieving $500 million in organic revenue by 2027, with $20 million in operating income. Beyond that, we are actively exploring a strategic acquisition that could double our business size, positioning us to reach $1 billion in revenue by 2027, with $40 million in operating income. This strategic acquisition, and being a $1 billion revenue corporation, will serve as catalysts for growth while also preparing the company for investments in fiber-optic networks, cell towers, data centers, and satellite systems. Our current plan to continue building and expanding iQSTEL spans the next 20-30 years.
Funding and the Road Ahead
In order to support our vision and strengthen our balance sheet, we are seeking to raise up to $10 million within the 6 months. These funds will be used in part to restructure existing debt and reinforce our balance sheet as we prepare for our Nasdaq uplisting. iQSTEL management firmly believes the company is currently undervalued. Our revenue per share was $0.83 in December 2023, and we expect to reach $1.50 by the end of 2024. With a current trading price of $0.17 per share, we believe there is a significant opportunity.
We are actively selecting an investment bank to guide us through the final stage of our Nasdaq uplisting and drive our continued growth, positioning us to seize every opportunity and maximize our potential in the short, mid, and long term.
A Call to iQSTEL’s Future
iQSTEL is at an inflection point, and the next few years will define our success for decades to come. We are building a company that will not only thrive today but will also stand the test of time, with a vision to lead in the telecommunications, fintech, EV, and AI spaces.
We genuinely believe that now is the time to be part of this journey in iQSTEL, as we continue to deliver on our promises and create lasting value for our shareholders. Thank you for your trust and support.
Sincerely,
Leandro Jose Iglesias
CEO, and Chairman, iQSTEL Inc.
About IQSTEL (updated):
iQSTEL Inc. (OTC-QX: IQST) (www.iQSTEL.com) is a US-based, multinational publicly listed company preparing for a Nasdaq up-listing with an FY2023 $144 million revenue, and with a $290 Million Dollar Revenue forecast and a Positive Operating Income of 7 digits forecast for FY-2024. iQSTEL's mission is to serve basic human needs in today's modern world by making the necessary tools accessible regardless of race, ethnicity, religion, socioeconomic status, or identity. iQSTEL recognizes that in today's modern world, the pursuit of the human hierarchy of needs (physiological, safety, relationship, esteem and self-actualization) is marginalized without access to ubiquitous communications, the freedom of virtual banking, clean affordable mobility and information and content. iQSTEL has 4 Business Divisions delivering accessibly to the necessary tools in today's pursuit of basic human needs: Telecommunications, Fintech, Electric Vehicles and Metaverse.
· The Enhanced Telecommunications Services Division (Communications) includes VoIP, SMS, International Fiber-Optic, Proprietary Internet of Things (IoT), and a Proprietary Mobile Portability Blockchain Platform.
· The Fintech Division (Financial Freedom) includes remittances services, top up services, Master Card Debit Card, a US Bank Account (No SSN required), and a Mobile App.
· The Electric Vehicles (EV) Division (Mobility) offers Electric Motorcycles and plans to launch a Mid Speed Car.
· The Artificial Intelligence (AI)-Enhanced Metaverse Division (information and content) includes an enriched and immersive white label proprietary AI-Enhanced Metaverse platform to access products, services, content, entertainment, information, customer support, and more in a virtual 3D interface.
The company continues to grow and expand its suite of products and services both organically and through mergers and acquisitions. iQSTEL has completed 12 acquisitions since June 2018 and continues to develop an active pipeline of potential future acquisitions.
Safe Harbor Statement: Statements in this news release may be "forward-looking statements". Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions, or any other information relating to our future activities or other future events or conditions. These statements are based on current expectations, estimates, and projections about our business based partly on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties, and assumptions that are difficult to predict. Therefore, actual outcomes and results may and are likely to differ materially from what is expressed or forecasted in forward-looking statements due to numerous factors. Any forward-looking statements speak only as of the date of this news release, and iQSTEL Inc. undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this news release. This press release does not constitute a public offer of any securities for sale. Any securities offered privately will not be or have not been registered under the Act and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
iQSTEL Inc.
IR US Phone: 646-740-0907
IR Email: investors@iqstel.com
Contact Details
iQSTEL Inc.
+1 646-740-0907
investors@iqstel.com
Company Website
www.iqstel.com
I blocked those guys, but every post is about a response to their post. So I can't experience much more here. I'm waiting for the market to come to terms with reality and value IQST at its true value.
NEWS:
IQST – iQSTEL Launches Institutional Investor Road Show Presenting Nasdaq Uplisting Plans at Emerging Growth Conference on July 17, 2024
NEW YORK, June 26, 2024 -- iQSTEL Inc. (OTC-QX: IQST) (www.iQSTEL.com), a US-based, multinational, fully reporting and audited publicly listed telecommunications and technology company preparing for a Nasdaq up-listing, today announced the company will present at the Emerging Growth Conference scheduled for July 17-18, 2024. The conference is held online, and iQSTEL will present on Wednesday, July 17th, at 9:40 to 10:10 AM Eastern Standard Time.
Company Name: iQSTEL Inc. (Ticker IQST)
Event: Emerging Growth Conference
Date: Wednesday, July 17, 2024
Time: 9:40 AM – 10:10 AM (30 min) Eastern Standard Time
Location: Online
Registration for the Conference: Click Here
Submit questions in advance to: Questions@EmergingGrowth.com
Contact iQSTEL: investors@iqstel.com
Learn more about IQSTEL: View a video titled "Leading the Future of Telecommunications and Technology" released by the company.
Key Topics to be Covered in the Conference:
Revenue Growth and Financial Performance:
iQSTEL recently announced skyrocketing revenue in its Telecom Division with a $290 million FY-2024 revenue forecast that includes $7.5 million in gross profit and a positive operating income of seven digits.
Detailed insights into the company’s 50% revenue growth in 2023, achieving $140 million.
Organic Growth Performance for 2024 vs 2023.
Telecom Corporation Powerhouse Implementation Plan.
M&A Strategic Acquisitions:
Impact of the recent QXTEL acquisition, expected to generate an additional $700,000 in daily revenue and enhance iQSTEL’s presence in key global markets.
Lynk acquisition status.
Additional M&A plans for 2024.
Technology Projects Status:
AI-Enhanced Metaverse.
IoT Smart Gas (Internet of Things).
Fintech.
Electric Vehicles (EV).
Nasdaq Uplist Plans:
Detailed roadmap and strategic steps towards uplisting to Nasdaq, highlighting the fulfillment of corporate governance requirements and the company's robust financial health that supports this goal.
If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available on EmergingGrowth.com and on the Emerging Growth YouTube Channel, A link to the archived webcast will be released after the event.
About the Emerging Growth Conference:
The Emerging Growth Conference is an effective way for public companies to present and communicate their new products, services, and other major announcements to the investment community from the convenience of their office, in a time-efficient manner. The conference focuses on companies in a wide range of growth sectors with strong management teams, innovative products and services, focused strategy, execution, and the overall potential for long-term growth. Its audience includes potentially tens of thousands of individual and institutional investors, as well as investment advisors and analysts. All sessions will be conducted through video webcasts and will take place in the Eastern time zone.
About IQSTEL (updated):
iQSTEL Inc. (OTC-QX: IQST) (www.iQSTEL.com) is a US-based, multinational publicly listed company preparing for a Nasdaq up-listing with an FY2023 $144 million revenue, and with a $290 Million Dollar Revenue forecast and a Positive Operating Income of 7 digits forecast for FY-2024. iQSTEL's mission is to serve basic human needs in today's modern world by making the necessary tools accessible regardless of race, ethnicity, religion, socioeconomic status, or identity. iQSTEL recognizes that in today's modern world, the pursuit of the human hierarchy of needs (physiological, safety, relationship, esteem and self-actualization) is marginalized without access to ubiquitous communications, the freedom of virtual banking, clean affordable mobility and information and content. iQSTEL has 4 Business Divisions delivering accessibly to the necessary tools in today's pursuit of basic human needs: Telecommunications, Fintech, Electric Vehicles and Metaverse.
The Enhanced Telecommunications Services Division (Communications) includes VoIP, SMS, International Fiber-Optic, Proprietary Internet of Things (IoT), and a Proprietary Mobile Portability Blockchain Platform.
The Fintech Division (Financial Freedom) includes remittances services, top up services, Master Card Debit Card, a US Bank Account (No SSN required), and a Mobile App.
The Electric Vehicles (EV) Division (Mobility) offers Electric Motorcycles and plans to launch a Mid Speed Car.
The Artificial Intelligence (AI)-Enhanced Metaverse Division (information and content) includes an enriched and immersive white label proprietary AI-Enhanced Metaverse platform to access products, services, content, entertainment, information, customer support, and more in a virtual 3D interface.
The company continues to grow and expand its suite of products and services both organically and through mergers and acquisitions. iQSTEL has completed 12 acquisitions since June 2018 and continues to develop an active pipeline of potential future acquisitions.
Safe Harbor Statement: Statements in this news release may be "forward-looking statements". Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions, or any other information relating to our future activities or other future events or conditions. These statements are based on current expectations, estimates, and projections about our business based partly on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties, and assumptions that are difficult to predict. Therefore, actual outcomes and results may and are likely to differ materially from what is expressed or forecasted in forward-looking statements due to numerous factors. Any forward-looking statements speak only as of the date of this news release, and iQSTEL Inc. undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this news release. This press release does not constitute a public offer of any securities for sale. Any securities offered privately will not be or have not been registered under the Act and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
iQSTEL Inc.
IR US Phone: 646-740-0907
IR Email: investors@iqstel.com
Contact Details
iQSTEL Inc.
+1 646-740-0907
investors@iqstel.com
IQST – iQSTEL Announces $290 Million 2024 Annual Revenue Forecast
NEW YORK, June 4, 2024 -- iQSTEL Inc. (OTC-QX: IQST) (www.iQSTEL.com) a US-based, multinational, fully reporting and audited publicly listed telecommunications and technology company preparing for a Nasdaq up-listing today announced increasing it’s revenue forecast for FY-2024 to $290 million revenue. The forecast increase is based both on anticipated organic growth and the revenue contribution from the recent QXTEL acquisition.
iQSTEL reported $144.5 million in audited revenue for FY-2023. The $290 million revenue forecast for FY-2024 announced today represents a year to year revenue increase of more than 100%.
At this time, the $290 million FY-2024 revenue forecast does not include any contribution from the recently announced acquisition of Lynk Telecom anticipated to close not later than July 1, 2024. The company may revise its forecast higher following the Lynk Telecom acquisition closing.
Based on preliminary accounting, the company realized $54 million in revenue for the combined months of April and May. This represents substantial revenue growth over iQSTEL’s $51.4 million in revenue for the first three months of this year reported in the recently published, auditor reviewed, Q1 FY-2024 report.
Organic Growth Driving Overall Revenue Growth
While the revenue from acquisitions is adding to revenue growth, it is important to highlight the organic growth that is fueling the more substantial overall growth.
iQSTEL executed acquisitions in 2022 and 2021 and reported annual revenue growth of approximately 44% each year. In 2023, the company executed no acquisitions and reported revenue growth of approximately 55% driven completely by organic sales expansion.
The company’s increased organic growth in 2023 demonstrates the effectiveness of our ability to integrate acquired operations. By making acquired businesses part of iQSTEL’s overall product portfolio, we are able to drive increased organic growth through cross selling and collective sales efficiencies.
Accordingly, our sales forecast announced today does not just reflect the simple addition of acquired revenue, but the projected organic growth anticipated from the effective integration of acquired operations. Based on our history of successfully integrating previously acquired operations and increasing overall organic growth, we believe our current organic growth projections are sound.
Bottom Line Growth Projections
In addition to the $290 million FY-2024 revenue forecast, iQSTEL is forecasting $7.5 million in gross profit for FY-2024 compared to $4.6 million reported in FY-2023. The company reported $1.3 million in gross profit for Q1 FY-2024.
Management has a positive operating income of seven digits forecast for FY-2024.
We are pleased with the bottom line projections for the current fiscal year but want to highlight the even larger expectation for the bottom line beyond this fiscal year.
The revenue growth from the recent acquisitions and the organic revenue growth that will subsequently result from the recent acquisitions will be realized before the downstream bottom line benefits of the increased revenue is fully realized. The operational efficiencies from streamlining multiple operations takes more time to flow to the bottom line than do the benefits of increased revenue. We expect even greater bottom line benefit next year resulting from the revenue growth we achieve this year.
Mr. Iglesias commented, “The Company is experiencing exponential revenue growth this year. We are literally skyrocketing in FY-2024. We are well on track to more than double the company’s revenue in FY-2024. Following a recent planning session in Washington at the International Telecom Week (ITW) Conference, we believe the company is on the path to becoming in a telecommunications powerhouse. Our exceptional recent performance is coinciding with our homestretch push to finalize a Nasdaq uplisting.
As soon as the emo sellers are over, the rational ones will take over again, resulting in an increase in our market price!
"iQSTEL's Q1 net loss is a strategic investment into our future growth. We're setting the stage for substantial gains by integrating recent acquisitions, aiming for a $1 billion revenue milestone. Our core operations remain robust, with a 108% revenue increase to $51.4M in Q1, solely from organic growth. Stay tuned for a transformative 2024!"
IQST – iQSTEL Announces 108% Q1 Revenue Growth To $51.4 Million
iQSTEL_Logo
NEW YORK, May 15, 2024 -- iQSTEL Inc. (OTC-QX: IQST) (www.iQSTEL.com) a US-based, multinational, fully reporting and audited publicly listed telecommunications and technology company preparing for a Nasdaq up-listing today announced publishing the company’s Q1 FY-2024 annual report on SEC Form 10Q. The company achieved $51.4 million in Q1 FY-2024, an increase of 108% compared to Q1-FY-2023. Detailed information on Q1 FY-2024 performance can be found in the company’s SEC Form 10Q filed today.
As a result of increased expenses coming primarily from non-operating payments associated with recent acquisition transactions and an ongoing Nasdaq up-listing initiative, the company reported a net loss $580,216. It is important to note that the company incurred Q1 acquisition expenses from financing costs and consulting services necessary to complete two acquisitions prior to benefiting from the revenue and bottom line contributions from the acquisitions. The Q1 FY-2024 financial performance is entirely organic and does NOT include any contribution from the recent QXTEL and LYNK acquisitions. More expense specifics are detailed further below.
Notes:
The company increased its professional services expense in connection with funding its recent M&A activity, and in conjunction with its Nasdaq up-listing initiative.
The increased technological services expense results from the migration of Smartbiz into our Voice Proprietary Platform (VAMP). Etelix and SwissLink are already on VAMP and the Smartbiz migration will improve synergies, and reduce the cost per minute, as well as providing Smartbiz the state of the art features available in our proprietary VAMP telecommunications platform.
In January 2024, the company settled a promissory note with M2B as a prerequisite to the funding for the acquisition of QXTEL.
The increased interest expense is due in part to a non-cash expense associated with the issuance of “kicker shares” to M2B and in part to a cash interest payment made to M2B. Both the cash and non-cash expenses result from the QXTEL acquisition and were specifically orchestrated to minimize dilution in our IQST stock in Q1 FY-2024.
Additional Financial Performance Highlights and Further Analysis
Telecom Division stand-alone performance (stronger than ever)
iQSTEL’s overall business strategy is built on the foundation of our Telecom Division. We are growing a robust telecom business and building complimentary high margin potential technology businesses at the same time. It is our Telecom Division that is currently generating revenue with a positive operating Income. The Telecom Division generated $484,624 of positive operating income in Q1 FY-2024, without any contribution of the QXTEL and LYNK acquisitions. We expect that this figure will almost double in Q2 with the addition of just QXTEL’s financial contributions.
Increase in Consolidated Working Capital
As of March 31, 2024, we had total current assets of $15,619,755 and current liabilities of $13,484,660, resulting in positive working capital of $2,135,095 at a current ratio of approximately 1.16 to 1 respectively. The working capital as of March 31, 2024, increased substantially compared to a working capital of $1,878,228 on December 31, 2023.
The increase in working capital is a positive indication that the company's capital resources have the potential to meet operating costs and finance organic growth. Management expects this positive trend to continue throughout FY-2024.
Shareholder value creation through accretive acquisitions and organic growth
iQSTEL ‘s high growth strategy is to combined organic growth with strategic acquisitions. To fund growth the Company has raised funds through various debt and equity instruments. The issuance of stock to acquire new operations and raise funds has been accretive and ultimately added shareholder value. The graph below illustrates the quarterly increases in net shareholder equity, current assets, total assets, and net shareholder’s equity per issued share.
Summary
Q1 FY-2024 financial results represent a transitional period with non-operating expenses associated with the acquisitions of QXTEL and LYNK without the revenue and bottom line benefit of QXTEL and LYNK. With the ongoing revenue and bottom line contributions of QXTEL and LYNK going forward, management anticipates positive operating and net income results in subsequent 2024 quarterly financial reports.
Without any benefit from the recent QXTEL and LYNK acquisitions, the Q1 FY-2024 financial results demonstrate the success of iQSTEL’s ability to acquire and integrate new telecom operations and rapidly achieve synergistic organic growth.
Our balanced organic growth and ongoing acquisition campaign is proving to be accretive and continuing to consistently add shareholder value.
Management is committed to making this FY-2024 the best ever. We plan to achieve or surpass the quarter billion dollar revenue mark this year. We also expect to achieve 7-digit positive operating income.
On behalf of our Independent Board of Directors we want to thank our partners, customers, shareholders, investors, management, and our employees for all the loyal support throughout our journey to become a one billion revenue company.
All the Best.
Leandro Iglesias
CEO and Chairman iQSTEL
About IQSTEL:
iQSTEL Inc. (OTC-QX: IQST) (www.iQSTEL.com) is a US-based, multinational publicly listed company preparing for a Nasdaq up-listing with an FY2023 $144 million revenue, and with a Quarter Billion Dollar Revenue forecast and a Positive Operating Income of 7 digits forecast for FY-2024. iQSTEL's mission is to serve basic human needs in today's modern world by making the necessary tools accessible regardless of race, ethnicity, religion, socioeconomic status, or identity. iQSTEL recognizes that in today's modern world, the pursuit of the human hierarchy of needs (physiological, safety, relationship, esteem and self-actualization) is marginalized without access to ubiquitous communications, the freedom of virtual banking, clean affordable mobility and information and content. iQSTEL has 4 Business Divisions delivering accessibly to the necessary tools in today's pursuit of basic human needs: Telecommunications, Fintech, Electric Vehicles and Metaverse.
The Enhanced Telecommunications Services Division (Communications) includes VoIP, SMS, International Fiber-Optic, Proprietary Internet of Things (IoT), and a Proprietary Mobile Portability Blockchain Platform.
The Fintech Division (Financial Freedom) includes remittances services, top up services, Master Card Debit Card, a US Bank Account (No SSN required), and a Mobile App.
The Electric Vehicles (EV) Division (Mobility) offers Electric Motorcycles and plans to launch a Mid Speed Car.
The Artificial Intelligence (AI)-Enhanced Metaverse Division (information and content) includes an enriched and immersive white label proprietary AI-Enhanced Metaverse platform to access products, services, content, entertainment, information, customer support, and more in a virtual 3D interface.
The company continues to grow and expand its suite of products and services both organically and through mergers and acquisitions. iQSTEL has completed 10 acquisitions since June 2018 and continues to develop an active pipeline of potential future acquisitions.
Safe Harbor Statement: Statements in this news release may be "forward-looking statements". Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions, or any other information relating to our future activities or other future events or conditions. These statements are based on current expectations, estimates, and projections about our business based partly on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties, and assumptions that are difficult to predict. Therefore, actual outcomes and results may and are likely to differ materially from what is expressed or forecasted in forward-looking statements due to numerous factors. Any forward-looking statements speak only as of the date of this news release, and iQSTEL Inc. undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this news release. This press release does not constitute a public offer of any securities for sale. Any securities offered privately will not be or have not been registered under the Act and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
iQSTEL Inc.
IR US Phone: 646-740-0907
IR Email: investors@iqstel.com
Contact Details
iQSTEL Inc.
+1 646-740-0907
investors@iqstel.com
Company Website
www.iqstel.com
NEW YORK, May 10, 2024 -- iQSTEL Inc. (OTC-QX: IQST) (www.iQSTEL.com) a US-based, multinational, fully reporting and audited publicly listed telecommunications and technology company preparing for a Nasdaq up-listing today announced executing an agreement to acquire a 51% membership interest in Lynk Telecom (Lynktel.net).
Lynk Telecom Highlights
• $20 million in estimated annual revenue
• $1 million in estimated annual net income
• Full suite of wholesale and retail telecom services for US market
• Strong US network and commercial presence
• Retail services expansion plan projected to deliver a million dollars in operating net income or more by next year
The acquisition agreed to in the sales and purchase contract executed today is expected to close no later than July 1, 2024 after due diligence is completed. The terms of the agreement call for iQSTEL to buy 51% equity ownership of Lynk Telecom. Comprehensive details will be filed in a form 8-K.
Omar Luna, CEO of Lynk Telecom said, “I'm absolutely thrilled to join the iQSTEL family. The support and synergies that iQSTEL offers are invaluable, and I have no doubt that they will help us double our business in a relatively short period. This partnership is a fantastic opportunity for growth, and I can't wait to see where it takes us.
Leandro Iglesias, CEO of iQSTEL said, “Lynktel is a very strategic acquisition for iQSTEL adding substantial operating and net income in proportion to its revenue base and giving iQSTEL enhanced presence in the US market. Lynktel takes iQSTEL one step closer to realizing our billion dollar annual revenue goal.”
And what about a dividend of 0,01$?
165 000 000 shares X 0,01 = 1 650 000$ = net profit from 1 quarter...
50 000 000 (JAN FEB MAR) + (9 * 27 000 000) (APR-->DEC) = 293 000 000 ! ! !
IQST – iQSTEL Announces $27M In Revenue for the Month of April; Company Could Surpass $250M in Revenue for FY 2024
NEW YORK, May 6, 2024 -- iQSTEL Inc. (OTC-QX: IQST) (www.iQSTEL.com) a US-based, multinational, fully reporting and audited publicly listed telecommunications and technology company preparing for a Nasdaq up-listing today announced achieving $27 million in revenue for the month of April based on preliminary accounting.
Management highlights that the April results indicate the company could exceed $250 million in revenue by year end FY2024. While iQSTEL recently announced a strategic acquisition bringing the company’s forward looking annualized revenue to over $250 million, achieving $250 million by year end FY2024 would surpass expectations.
The company’s gross profit surpassed $600,000 in April. The company achieved consistent operational profitability in Q3 last year. Management anticipates the profitability trend to continue with the company posting close to $2 million in gross profit per quarter.
The company recently reported more than $50 Million revenue for Q1 FY2024, and now is reporting $27M just for the month of April alone. Additionally, the Q2 gross profit per month is almost double the Q1 gross profit per month.
iQSTEL CEO Leandro Iglesias stated: “We are thrilled to be heading into the International Telecom Week (ITW) Conference in Washington DC having recently achieved status as a quarter billion dollar company. We have started this fiscal year with skyrocketing growth. We expect to have a notable Prescence at ITW. I look forward to sharing our experience with you.”
ITW (https://www.internationaltelecomsweek.com) is the world’s largest summit for digital infrastructure executives. More than 7,000 people from 125 countries, many from the largest operators in the world, are expected to attend this year’s conference in National Harbor, Maryland. The agenda offers a broad range of topic tracks for the telecoms industry, including Future Networks, Digital Divide, SatCom and Data Center.
The GSMA is a global organization unifying the mobile ecosystem to discover, develop and deliver innovation foundational to positive business environments and societal change. The GSMA vision is to unlock the full power of connectivity so that people, industry and society thrive. The association’s member base now boasts more than 750 operators, as well as 400 companies from adjacent industries such as handset, device and equipment vendors, software and Internet service providers.
iQSTEL Announces GSMA Membership Enhancing Growth Beyond $250 Million in Annualized Revenue
https://www.linkedin.com/pulse/iqstel-metaverse-expanding-xr-headsets-fully-immersive-jose-e-puente-eoldf/?fbclid=IwAR3ozpKVpWGT4L8wKkkMbBa3G45adBs0Ozm3IMFcq1wvvQrqRciGmD3n5VQ
At Reality Border we are thrilled to announce a pivotal expansion of the "IQSTEL Metaverse", previously accessible on Android, iOS, and web platforms since last summer, with its strategic entrance into the XR space through Meta Quest Lab. This advancement propels us into an exclusive circle of innovators, joining the ranks of approximately 3,000 applications within the Meta Quest ecosystem. This milestone underscores our commitment to leading the charge in immersive technology by making our platform compatible with Meta Quest Pro and Meta Quest 3 headsets.
Our journey to adapt and refine the "IQSTEL Metaverse" for Meta Quest Lab required a meticulous approach, especially in reimagining our immersive ecommerce features to meet the rigorous standards set forth by the platform. While adjustments were necessary, they have not diminished the essence or the ambition of our platform; rather, they have enhanced the user experience, ensuring a seamless and intuitive interaction with our digital universe.
The launch of "IQSTEL Metaverse" on Meta Quest devices is not merely a technological leap but a significant stride towards the future of spatial computing. This field is revolutionizing how we interact with digital environments, making them more integrated and natural within our physical world. It's a step closer to a future where the lines between digital and physical spaces blur, creating a cohesive and immersive experience.
As "IQSTEL Metaverse" becomes available on XR headsets, we're not just expanding our reach; we're setting new standards for immersive virtual experiences. This move is aligned with our vision to harness the power of spatial computing, offering users a platform where digital landscapes are as rich and interactive as the real world.
Join us in exploring the new frontiers of the "IQSTEL Metaverse" on Meta Quest. Experience the evolution of virtual spaces, where imagination meets reality, and the potential for creativity, collaboration, and community is boundless.
Explore the "IQSTEL Metaverse" here.
As we celebrate this launch, we also recognize the significance of being among the select few applications within the Meta Quest Lab. This achievement is a testament to our dedication to innovation, quality, and the pursuit of creating spaces where the future of digital interaction is being shaped today.
that's the right attitude!
imo
Good idea!
Sometimes one needs a helicopter view to see the bigger picture. If it still doesn't work, then the necessary brain cells are probably missing...
If you don't make sales, you can't make profits. And the more turnover, the greater the possible profit. And this profit has already been minimally realized and will continue to increase.
NEW YORK, February 13, 2024 -- iQSTEL Inc. (OTC-QX: IQST) today published a letter form the CEO Leandro Iglesias with the latest updates on the company’s progress since announcing the acquisition of QXTEL. The letter is included in its entirety below.
Dear Shareholders:
Since announcing the acquisition of QXTEL taking iQSTEL to a quarter billion in revenue on an annual basis, and subsequently publishing the Pro Forma financial statement combing QXTEL’s financials with iQSTEL, our two management teams have already made progress on streamlining operations and taking advantage of our respective customer base synergies.
The extraordinary month of January is now in the iQSTEL record books, with $17 million in revenue before the execution of the QXTEL purchase agreement. The QXTEL management team and the iQSTEL management team are acting as one with the combined management of each meeting weekly to review and coordinate sales and operations.
I am delighted by how well the two management teams have come together and convinced more now than ever that the combined whole is greater than the sum of its parts. We have already identified new business opportunities that separately would not have been possible.
In addition to the previous disclosures already published in conjunction with the QXTEL acquisition, we are publishing an S-1 Registration Statement in accordance with the terms of the bridge financing agreement funding the QXTEL acquisition.
The bridge financing is a loan secured by a 12 month convertible note. As suggested by the term “bridge,” the loan is intended to serve as a temporary vehicle while iQSTEL works to secure more comprehensive strategic financing that will both pay off the bridge loan and fund further strategic growth. The S-1 Registration Statement also includes a separate stock option intended to fund additional potential acquisitions under iQSTEL’s ongoing M&A Campaign in 2024.
Standing on iQSTEL’s tremendous results for January, the 2024 horizon for iQSTEL truly looks to be heading toward the best year ever.
Sincerely,
Leandro Iglesias
CEO iQSTEL, Inc.
CEO Statements and Vision
🌟 From our Leaders:
'The iQSTEL-QXTEL partnership is a landmark decision aligning with our vision to become a top international telecom player.'
– Leandro Iglesias, CEO, iQSTEL.
'Joining forces with iQSTEL opens new avenues for accelerated growth.'
– Tolga Alemdar, CEO, QXTEL.
NEW YORK, Jan. 5, 2024 /PRNewswire/ -- iQSTEL Inc. (OTC-QX: IQST) today announced exceeding its 2023 $120 million annual revenue forecast reaching $140 million based on preliminary accounting. The company's gross margin also continued to grow in Q4 after the operating income turned positive ahead of schedule in Q3. iQSTEL management plans to revise its original $145 million 2024 annual revenue forecast upward in light of today's announcement. The company recently filed a Definitive Proxy Statement in conjunction with an upcoming annual shareholder meeting scheduled on Wednesday January 31, 2024, at 10 am (EST). Look for more news coming soon in advance of the shareholder meeting.
Are you getting senile by posting the same thing over and over again?
https://www.facebook.com/iqstel
Fintech and EV Business Insights
Exploring new horizons! iQSTEL's Fintech (www.globalmoneyone.com) and EV (evoss.net) divisions are reshaping finance and mobility. Exciting updates on our Mid-Speed Electric Car coming soon!
$IQST https://www.iqstel.com/
#FintechRevolution #EVMobility #FintechRevolution #EVMobility #iQSTEL
Quick iQSTEL Facts Update:
1. Profitability Achieved: iQSTEL is now profitable, as highlighted in our latest financial reports.
2. Impressive Revenue Growth: We've reported a record $39.8M revenue in Q3 2023, an 81% increase from the previous year.
3. Apollo Option Concluded: The Apollo option ended on September 30th; it is no longer active.
4. Management Compensation Aligned with Performance: Our management's compensation is structured to reflect company performance, aligning our goals with shareholder interests.
5. Stock Value Perspective: Despite current market values, our operational progress and profitability indicate strong potential for growth.
6. Focused on Strategic Growth: Committed to enhancing shareholder value with a clear vision for future expansion.
https://www.facebook.com/iqstel
AI-Enhanced Metaverse App Launch
🌌 Dive into the future with iQSTEL Metaverse! Experience the next level of digital interaction with our newly launched AI-backed Metaverse app. Available now on desktop and mobile! https://www.iqstel.com/
$IQST - iQSTEL
#iQSTELMetaverse #FutureIsNow
IQST – iQSTEL Announces YTD Revenue Exceeding $110M After Reporting Profitable Q3
NEW YORK, November 16, 2023 -- iQSTEL Inc. (OTC-QX: IQST) today announced the company’s year-to-date (YTD) revenue exceeds $110 million based on preliminary accounting. Yesterday, the company published it’s Q3 2023 financial report on SEC Form 10Q.
https://www.sec.gov/ix?doc=/Archives/edgar/data/1527702/000166357723000520/iqst10q093023.htm
Q3 highlights on SEC Form 10Q:
Record high quarterly revenue of $39.8 million for Q3 FY2023
81% revenue growth compared to same period in previous year
YTD revenue ahead of $120 million forecasted annual pace for FY2023
Positive Operating and Net Income achieved in Q3 one quarter earlier than forecasted
The highlights of the company’s Q3 FY2023 financial report on SEC form 10Q are summarized in narrative form below within this press release to include comments from the iQSTEL CEO Leandro Iglesias. Highlights can also be found in video presentation published by the company at the following link: https://tinyurl.com/3abwv24x
The company achieved a record high quarterly revenue of $39.8 million for the three months ended September 30, 2023. The Q3 FY2023 revenue increased 81% over the revenue for the same period the previous year. Management indicates the YTD revenue of $97.2 million through the end of Q3 FY2023 is well ahead of pace for the Company to achieve its $120 million annual revenue forecast. Currently, the company has already exceeded $110 million in revenue based on preliminary accounting. The company reported a quarterly positive operating income of $70,753 and a positive net income of $45,909, before adjustments for non-controlling interests, achieving profitability one quarter prior to forecast.
“Achieving positive operating income is a major milestone for iQSTEL,” said iQSTEL CEO Leandro Iglesias. “We continue to deliver consistently high revenue growth and expect to surpass the previously announced $120 million revenue forecast for year-end 2023. We have been working to achieve this positive operating income milestone and are pleased to have reached the milestone earlier than expected. We expect to continue reporting a positive operating income on a quarterly basis from here forward and to report an annual positive operating income for FY 2024 EOY. The positive operating income demonstrates the overall viability of our core telecommunication division’s capacity to support the ongoing development of our new technology business divisions to ultimately expand our sales with higher margin products and services (EV, Fintech, AI-Enhance Metaverse), and to cover our public company expenses.”
Mr. Iglesias added “iQSTEL’s positive operating income results demonstrate our readiness to uplist to Nasdaq. Our engagement with LDA Capital for an anticipated $10 million investment as part of our plan to uplist iQSTEL to Nasdaq continues on track. After happily reporting such exceptional financial results, I am even happier to boldly, and confidently say to you that the best is yet to come.”
About IQSTEL:
iQSTEL Inc. (OTC-QX: IQST) (www.iQSTEL.com) is a US-based, multinational publicly listed company preparing for a Nasdaq up-listing with an FY2023 $120 million revenue forecast. iQSTEL's mission is to serve basic human needs in today's modern world by making the necessary tools accessible regardless of race, ethnicity, religion, socioeconomic status, or identity. iQSTEL recognizes that in today's modern world, the pursuit of the human hierarchy of needs (physiological, safety, relationship, esteem and self-actualization) is marginalized without access to ubiquitous communications, the freedom of virtual banking, clean affordable mobility and information and content. iQSTEL has 4 Business Divisions delivering accessibly to the necessary tools in today's pursuit of basic human needs: Telecommunications, Fintech, Electric Vehicles and Metaverse.
The Enhanced Telecommunications Services Division (Communications) includes VoIP, SMS, International Fiber-Optic, Proprietary Internet of Things (IoT), and a Proprietary Mobile Portability Blockchain Platform.
The Fintech Division (Financial Freedom) includes remittances services, top up services, Master Card Debit Card, a US Bank Account (No SSN required), and a Mobile App.
The Electric Vehicles (EV) Division (Mobility) offers Electric Motorcycles and plans to launch a Mid Speed Cars.
The Artificial Intelligence (AI)-Enhanced Metaverse Division (information and content) includes an enriched and immersive white label proprietary AI-Enhanced Metaverse platform to access products, services, content, entertainment, information, customer support, and more in a virtual 3D interface.
The company continues to grow and expand its suite of products and services both organically and through mergers and acquisitions. iQSTEL has completed 10 acquisitions since June 2018 and continues to develop an active pipeline of potential future acquisitions.
Safe Harbor Statement: Statements in this news release may be "forward-looking statements". Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions, or any other information relating to our future activities or other future events or conditions. These statements are based on current expectations, estimates, and projections about our business based partly on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties, and assumptions that are difficult to predict. Therefore, actual outcomes and results may and are likely to differ materially from what is expressed or forecasted in forward-looking statements due to numerous factors. Any forward-looking statements speak only as of the date of this news release, and iQSTEL Inc. undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this news release. This press release does not constitute a public offer of any securities for sale. Any securities offered privately will not be or have not been registered under the Act and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
iQSTEL Inc.
IR US Phone: 646-740-0907
IR Email: investors@iqstel.com
Contact Details
iQSTEL Inc.
+1 646-740-0907
investors@iqstel.com
Company Website
www.iqstel.com
https://www.facebook.com/iqstel
Exciting Reveal: iQSTEL's latest video showcases our dynamic Q3 journey – featuring a record 81% revenue growth and strides towards Nasdaq uplisting. Explore how we're transforming the world of telecommunications and beyond. Watch now for an insight into our innovative growth story!
Full video here:
nope, not yet
https://www.facebook.com/iqstel
Big Plans Ahead: iQSTEL's partnership with LDA Capital, a $10 million investment, is paving the way for our NASDAQ uplisting. The future holds limitless possibilities, and we want you to be a part of it. Explore our journey and see why iQSTEL is a company to watch. 📈💼 https://www.iqstel.com/
$IQST - iQSTEL
#iQSTELNASDAQ #InvestorOpportunity #FutureGrowth
https://www.facebook.com/iqstel
Did you know that iQSTEL thrives in four dynamic business divisions: Telecommunications, Fintech, Electric Vehicles, and Metaverse? Our groundbreaking technologies are shaping industries, and we're not stopping here. Explore how we're making waves in each sector. 🌐🚀 https://www.iqstel.com/
$IQST - iQSTEL
#iQSTELJourney #FinancialGrowth #InvestmentOpportunity
#iQSTELBusinessDivisions #Innovation #TechnologyLeadership
https://www.facebook.com/iqstel
Breaking News: iQSTEL's journey to success in the last 90 days has been nothing short of incredible! Our YTD revenue has skyrocketed to $100 million, and we're on the brink of achieving profitability. Dive into our remarkable journey and discover why iQSTEL is poised for greatness. Stay tuned for more updates! 💼📊
https://www.iqstel.com/
$IQST - iQSTEL
#iQSTELJourney #FinancialGrowth #InvestmentOpportunity
https://www.facebook.com/iqstel
iQSTEL's Global Money One Inc. is at the forefront of financial innovation with the VISA MoneyOne® Card. 💰💼 Revolutionize the way you move money today! 🌟 https://www.globalmoneyone.com/
$IQST - iQSTEL
#Globalmoneyone #Fintech #5G #SMS #OTCMarkets #Nasdaq #Telecom #Technology #Blockchain #B2B #B2C #global #telecommunication #EV #IoT #Innovation #Metaverse #iQSTEL #iQSTELInsights #nasdaqfutures #MeaningfulConnections #TelecomInnovation #AI #OTCQX #TechTalk #TelecomTech #AccessibleFintech
https://www.facebook.com/iqstel
Elevate your financial freedom with iQSTEL's Fintech Division! Access remittances, US Bank Accounts, and more. Discover a new level of accessibility: https://www.iqstel.com/
$IQST - iQSTEL
#Fintech #5G #SMS #OTCMarkets #Nasdaq #Telecom #Technology #Blockchain #B2B #B2C #global #telecommunication #EV #IoT #Innovation #Metaverse #iQSTEL #iQSTELInsights #nasdaqfutures #MeaningfulConnections #TelecomInnovation #AI #OTCQX #TechTalk #TelecomTech #AccessibleFintech
https://www.facebook.com/iqstel
Our vision drives us forward: iQSTEL's success in telecommunications, fintech, EVs, and the metaverse is just the beginning. Join us on the road to greatness: https://www.iqstel.com/
$IQST - iQSTEL
#iQSTELVision #Fintech #5G #SMS #OTCMarkets #Nasdaq #Telecom #Technology #Blockchain #B2B #B2C #global #telecommunication #EV #IoT #Innovation #Metaverse #iQSTEL #RevenueMilestone #TelecomGrowth #iQSTELUpdate #RevenueGrowth #LDAInvestment #iQSTELInsights #nasdaqfutures #MeaningfulConnections #TelecomInnovation #AI #OTCQX #TechTalk #TelecomTech
it's time to grow up. When we rise everything is perfect, when we fall there is only criticism. Learn to look at the bigger picture!
https://www.facebook.com/iqstel
Experience unparalleled benefits with iQSTEL's itsBchain MNPA platform. From real-time synchronization to enhanced security, explore the features here: https://www.itsbchain.com/
https://www.iqstel.com/
$IQST - iQSTEL
#Fintech #5G #SMS #OTCMarkets #Nasdaq #Telecom #Technology #Blockchain #B2B #B2C #global #telecommunication #EV #IoT #Innovation #Metaverse #iQSTEL #RevenueMilestone #TelecomGrowth #iQSTELUpdate #RevenueGrowth #LDAInvestment #TelecomInnovation #AI #OTCQX #TechTalk #TelecomTech #LAWC #BusinessOpportunities #SecureTech
UPDATE: iQSTEL confirms that the Apollo option has ended.
It's all about being SMART... also to understand it... do you??
https://www.prnewswire.com/news-releases/iqst---smartgas-from-iotlabs-and-iqstel-wins-2021-iot-breakthrough-award-for-smart-appliance-product-of-the-year-301205369.html
Do you really think that IQST would get a groundbreaking award for something that can just be picked up on the market? Can't you think of anything better to discredit us?