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Needs to hold .15 next step down is .08
5 MM's on the ask with a boatload of shares.
No R/S. They have a low O/S count 300 million. They will just raise the O/S's.
You reached profitability Q3 2022 also and could not hold it. Why should this year be any different? Just like last year you do not update shareholders on any progress other than revenue so again why should this year be different?
Well we will have to wait for the K since it is the only filing that is audited for the Revenue and all Q's profitable from here on out but will have to agree with you about anything else. If they would just follow up the price might go north.
Here is another one we never heard about again. 8 months ago the EV bike were rolling off the production lines as all tests were done. How many have they sold?
https://www.otcmarkets.com/stock/IQST/news/IQST---iQSTEL-Announces-All-New-Electric-Motorcycle-Rolling-Off-Production-Line?id=394893
Nothing on the bid.
Looks like .16 and .15 are going to be history today. How long do you think it will take to hit .08 again. Let me guess time to load, going to the moon, Nasdag bound.
The next thing you hear about the LDA deal will be " We have decided it wasn't a good fit for the company" Just like we did with Upstream.
Guess we will see. Looks like the only one that got this right so far is the dog.
If it can not hold .16 next support is .15. If it doesn't hold that next support level is .08. Still have 4 months until news.
Yeah sounds familiar huh.
Looks like peeps have lost interest here. Only 5 posts in 4 days.
Closed below the bid. They are ramming the shareholders.
Almost a million shares traded and red. What is the deal? Guess volume wasn't one of the reasons for not moving north.
Took out that bid of 450k. someone has confidence here. And on the other hand somebody doesn't.
Huge bid. If your going to dump now is the time.
450k Wall. Can we take it out?
No but the way he is spending money keeps the rest of us poor. Got to get it back somehow. Last I checked there wasn't a money tree growing on the white house lawn.
Biden to get kicked out of office.
Only 97 trading days left till next news. Pending no NT.
Waited a whole year for that profitable Q3 just to have it all taken back in 2 weeks. Guess we will have to admit the dog was correct. Since there will be no news for another 41/2 months Let's hope it doesn't hit the trips but as of now it is not looking good.
Ask is the previous close. Looks like it will continue it's downward journey.
Well to give him the benefit of the doubt he has been the only one correct so far. Ever since they installed that spring upside down.
10 dollars to a doughnut you never hear about LDA again.
441K on the bid. Can we take it out?
I see we are trading 6 digits now. Usually a big sign since only MM's can do so.
Took all of Wednesdays gains back today.
April is a long way off for the next news. This is a bad start after saying they will be profitable from here on out.
Since there has been no updates from the company, How can you say?
Nobody knows.
Seems to of stalled. Hope it at least holds this level it is a long time till the next news.
The fact that they are selling but not buying, Not even on the bid anywhere gets me thinking it is the company. I can understand selling on news.
Well they will need a 1.5 million profit for Q4 for that to happen. Maybe next year. Got 5 months until the next filings let's see if it stays here or starts heading north.
I see OTCN is still selling and not on the bid anywhere. Who do you suppose they are selling for? Can only be the company since they have not defaulted on anything and Apollo is out of the picture.
Kind of looks like a repeat of last year reported profit in Q3 then a huge loss Q4 along with losses in Q1 and Q2 this year. Hopefully with 81% more revenue they can figure out a way to make profit from it. I mean revenue doesn't really mean anything if you have to spend it all to make it. Heck I made 6 trillion dollars last year but it cost me 6,000,000,000,043 to make it. At least in my mind I did lol.
Anything of value come from the Q&A on facebook yesterday? I noticed in that video they say profitable by years end 2024 but stated yesterday the would be profitable every quarter from here on out.
Well hopefully this is the selloff on news and not how peeps are responding to the Q. But on the other hand it basically is the companies fault since they are notorious for not updating shareholders.
Still need to do a deeper read. At a glance seeing some red flags like the Million dollars in class B shares sold. A couple new convertible notes. Curious as to the statement they plan on being net positive for all the rest of the quarters, They took a big hit Q4 last year.
IQST – iQSTEL Announces Profitable Q3 Results On 81% Revenue Growth To $39.8M
iQSTEL_Logo
NEW YORK, November 14, 2023 -- iQSTEL Inc. (OTC-QX: IQST) today announced publishing the company’s Q3 2023 financial report 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 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. 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, and to cover our public company expenses.”
Mr. Iglesias add “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