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BTW, my TD Ameritrade app shows IQST as "Pink Sheet OTC". I just called them and asked them to change it. The operator talked like he could send an order up for that, so we will see. Can't hurt to ask I guess, I can see where that could turn some people off unnecessarily.
Also, the company profile needs updated, but I assume the company would need to look into that.
Transportation to castle awaits.
Maybe in a roundabout way they did, I wish they would (or maybe they just can't for legal reasons) be more direct. Overall gross margins were less than 1% last quarter. If overall gross margins on all sales, or at least on the majority of sales, is 12% then that alone could potentially allow for profits.
Also, owning 100% of QGLOBAL means whatever profits, if any, all go to iQSTEL. This announcement today may be much stronger than the market is giving credit. But it may take iQSTEL being more clear about what's going on, or it may take seeing in the next quarter, or upcoming quarters financials for the market to react.
Today's news is the kind we do want them to share, IMO, but a simple statement that "gross margins are substantially improved from the second quarter" instead of just saying 12% with little to no context, would be better. Make it clear that a positive change has occurred. (if so). And since we are in Q4 then did any of Q3 see 12%? If so, how much? 1 month? Three months?
Regardless, if overall gross margins are close to QGLOBAL at 12% then I think we are in a good place, even if it takes a bit for the market to realize. If Telecom can at least do 12% that's pretty good, and even better if they can do better on gross margins. Then any other business such as Smart Tank, MNPA, EV, or Fintech should only add to it, as those are expected to have high margins.
For me, I don't want to see this stock get way overbought, just rise to a fair valuation then (hopefully) grow as the company financials merit. If they deliver as planned that should be plenty quick enough I think.
Congrats iQSTEL!
That would be great - "I wonder if they will do any social media coverage live from the event"
Mainly, I hope they drum up some more business, these are the companies they target. Like, if they pull in more telecom business, or sell several companies on their MNPA product. Wish they had Settlement & Marketplace product ready too.
That's the news I would like to hear from this. I hope they show well.
We show under Participants as Etelix, QGlobal SMS, and Swisslink
https://www.wholesalecongress.com/sponsors-2021-wwc/
Nothing new, but some more exposure I guess.
https://frontdesknews.com/2021/09/17/iqstel-inc-otcmktsiqst-stock-consoliates-after-the-recent-fall/
I'm pretty sure $5.7 m is a new record high for 1 month. I have been watching this for awhile, maybe the company could confirm.
Yeah and it was good to hear they are making progress. 2500 is a lot to install I think, but hopefully gets done pretty quick.
Great to see, thanks for sharing the picture.
Thanks, and my opinion is we are down ticking, but as part of longer term new uptrend. It could turn around tomorrow, or last a few more days. Time will tell, just what I think it is. I think we are undervalued in most any way you look at it.
On the smart tank question to Shane, my thought is we will definitely see revenue in Q4. But will the company break it down? So far they haven't been real forthcoming on what this brings in revenue, but that may be design. It may not be to their advantage to disclose, or may be stipulated in the nda to not disclose.
If that is true though maybe they can tell us more about the revenue later on, like how much and the margins without given the exact total number of units. That would give some guidance without giving up the exact price per unit. When you think about it, giving away too much information might sabotage a (potential) future negotiation with another company. There are just some things we may be better off not having the exact details for, for the good of the company, which is for our good as well.
Maybe this answers the question, substituting May with September? After first 30 days rollout was to expand. I assume 30 days after all 2500 installed.
https://www.prnewswire.com/news-releases/iqst--iqstel-announces-iotsmarttank-field-test-success--production-rollout-in-may-301276819.html
Very good news today, IMO.
Excellent!
2+ sounds good to me chas1
2+ = 1m+
That’s right. Probably got all those out that couldn’t afford to lose it - and I understand and empathize. And all those who just couldn’t wait any more.
But if you don’t have to have it right now you can ride it out, and take advantage. Algorithm’s can’t do much about it if you know what you are holding and look at the fair value instead of the current price.
Those 37’s and 38’s worked out alright. Now have to pay a little more if you are buying. Just the way it works. Good day though. Congrats to all tight fists hanging in there. Not even near fair value yet IMO.
Pretty sure I’m good on DD, but always can learn more. Hawk Point is paid content, not necessarily useless as you seem to suggest, just consider the source.
Not much of an owl huh?
yw, thanks, and I agree. MNPA and Smart Tank should start showing in the financials soon, and Fintech maybe soon after. Are we closer to success than we realize? IDK, but I hope we get a good update tomorrow.
yw, I give the company some credit for scheduling the further information this Thursday, btw. Good timing I think. I hope they do follow through and provide some information that gives us a good look at what's coming.
Hey Oldman - FWIW:
It seems a little odd to me that it would dip lower. I can't imagine that they would lower their per unit pricing, but maybe it's reflective of some sort of pricing tier system based on volume? - just a guess
Better margins could really be the key to unlocking profitability, especially since they are so close. If I were the company I think I would consider a modest price hike. But only they know what the market will bear.
Or maybe adding the new business to Vonage brought down the averages? Revenue was up in the quarter for some reason. If it was new business dragging down the margin, it may get much better as they get Vonage settled in.
I don't know, but it would be nice if the company addressed it full on in Thursday's update and let us know they expect better margins going forward, if that is the case.
But they are making good progress in some key areas, as some have said. The balance sheet looks much better, and the fixed costs reductions were impressive especially considering the increases in costs for the smart tank units, fintech, and MNPA startup costs. Those costs were considerable, and mostly incurred pre-revenue.
The stock price is holding well today, on a bad market day, and even with one of our heavy weights bailing. At least right now it appears that further selling is being met with a level of accumulation. $.42 has held pretty well all day. I don't think the market sees the 10-Q too unfavorably, all considered.
But of course I would like to see the margin improve. I think it is within their (pricing) power, and worst case scenario is they might lose some business that's not paying well anyway if they priced too high, but I doubt that's a problem, or at least one they won't carefully manage.
And they are very close to profitable now, so if/when their higher margin offerings finally start to show it lends a much better chance at profitability. Any increased telecom margin will just add to it.
I think they do need to get margin improvement on telecom, and wish we had seen it this time, but I think this is still all theirs to win or lose, and they are making some good strides for a win. I hope Thursday's call will make things more clear, but solid increases in shareholder equity are happening, and that should be given some due appreciation I think.
Thanks, $.45 probably going to be a good place too I think. That's my last, at least for any time soon, I pulled everything loose I could for now to get that.
This is on focused on AMC, but I would think it applies to us to.
Just pure luck but I got another 25,000 shares over the last couple of days from $.375 to $.385. Great to see a run happen right after buying.
I am starting to look at margin scenarios again. I hope we get some good details next week that we can use to get a better picture of where we are and where we may be on path to.
Thank you
Agree, and looking forward to Q2 report in a week or so. I expect Q3 and Q4 to be even more interesting.
An MPNA update would be great too.
It is an update, and that's what it does. Last we knew we had an agreement to make and install 2500 units with a Fortune 500 company, with potential for more later.
The update is that the units are now manufactured and the software platform has been updated to the clients specifications. They are "ready" to install with no time frames given.
With the update we know the Fortune 500 company deal is still on, and they are "ready" to get the first batch out. They also reaffirm that the potential is there to grow.
IMO, I think each unit will involve a modest monthly fee, but if you multiply that by many thousands it will add up to another decent revenue stream at high margin. Several hundred thousand or a million or so of EBITDA could do a lot for this company, if that's where this is heading.
Not clear if they are able to offer to other Fortune 500 companies or if they have an exclusive arrangement, but I hope it's not exclusive. Good question for an ambassador to ask?
Also, of note was the comment they made about Smart Gas being in progress, as I am not aware of any deals they have going for that.
I think they should have been more clear about a time frame to expect smart tank revenues to appear, as in which quarter. But it's good to know this is still on go with the Fortune 500 company, and some time for the initial units to be manufactured should have been expected. The implication should be that now that they have all the processes in place you might presume they can ramp up production quickly now.
Overall I appreciate the information.
We are pretty much on the same page on all that.
The PR today told us that revenues were nearly $2 million higher in Q2 than Q1. $1,904,778.00 to be exact.
Any improvement in gross margin up from 3.43% is a positive sign IMO. To my math they currently need a gross margin of around 10% to maybe be profitable. They depends on factors such as SGA holding or improving, and other expenses including foreign exchange rates staying consistent.
In other words, actual results will vary. While I think a 10% or better gross margin would be excellent, I will take any improvement over last quarter as a step in the right direction, and I expect it to continue to improve quarterly if we are to expect the company to succeed the way we wish.
But any one quarter results doesn't set, or write off the future.
That might be a good question to ask the company. I think when the price isn't moving people want to focus on a problem, so here comes this filing and it gets picked over and over. That's fine. But it wasn't anything new, and they were just setting it up to get more money for shares if and when they need to.
If they buy anything with it, presumably we get the value.
I almost wish we didn't see these things, it just seems to confuse a lot of people. If the price was going up I doubt it would have got more than a day's attention for the most part.
Folks - I'll throw in my 2 or 3 cents worth, FWIW.
If we can hold the price at least around where it is now, then the company may as well keep any real good news to itself until the 10-Q comes out.
The Registration filing didn't help, I guess they had to do it, but it gets taken badly by the market it seems every time it gets updated. I don't know what the SEC allows, but why not have set it $.50 to $20.00? (or even $5) Point being if they have to update it again then it may alarm some people again.
Remember, they thought the news would be taken well. They just don't get it that investors don't even want to think about dilution. The company sees it as a means to add revenue and a good thing. Investors may be better off in the long run, they just don't want to hear about it. That's why I say raise it as high as possible or as allowed to. Then maybe we don't have to see it again for a while.
Q2 numbers out in a little over 2 weeks. For the sake of the stock price I think it needs to show margin improvement of a couple percent or so. Of course more would be much better and might light a fire - would hope so. Achieving profitability on operations, or much closer to it would be a huge plus too.
Then if Q2 shows improvement, drop some more really good news on us if you can about new M&A or such. Also, (after Q2) what's up with Smart Tank? Did the 2500 units work out? Do they want more or not? We are adults we can take it. You have other things going too. If it's bad news get it out before Q2, if good news I say wait until Q2 as long as we are holding up, then good news on top of good news would be nice I think.
MPNA rolled out? Well accepted or flop? Expanding?
When will revenue start for Fintech offerings? When will debit cards be in customers hands? When will the app be available?
Most important for now, demonstrate that financials are further improving if you can. Q1 was better in some key areas, need to see a build on that IMO, if we hope to see higher ranges that can hold over the long term.
Agree, it's not an event, its a process but a lot in the works.
It tells you about how much revenue to expect for Q2. It tells you that the telecom business is back doing more than 5 million a month, average at about 5.2 a month.
It tells you that MPNA, Smart Tank, and MAXMO are not included in the revenue, which is good in that Telecom was able to achieve over 5 M a month on it's own. I wondered if we would see any revenue from MPNA and Smartank in Q2, it looked possible but apparently not.
It's not a bad thing, just likely indicates that revenue from those experiences a 30 - 45 day, or so, lag much like other telecom services do.
Ironically whenever iQSTEL/itsBchain launches the Settlement and Marketplace product then they may be able to collect the revenues quicker.
Overall, I would say a solid performance, but we need to get a look at the margins once the filing comes out, and see if the company is showing further improvement in that way as well.
The Chas is on!
Thanks! And thanks Crawfors for sending the link.
I would just go with the saying do what you need to do to sleep at night. This was just a side investment for me that turned into more, but my retirement is set with or without it.
I watch IQST closely, but I have a REIT that I barely look at. REIT's got out of favor for a bit, mine dropped around 70% after COVID hit. I kept buying and now that REIT's have all but recovered their highs the trades I made when it was down are some of the best gains I have there.
I can't say the exact same thing will happen here or not, but I will take what I believe in about the value of a company, over what the current market prices seems to want to tell you about the value of a company, every time.
https://www.investopedia.com/articles/basics/10/how-to-avoid-emotional-investing.asp
Thanks - I certainly like the idea of the share count going lower, but I don't see any chance of a company buy back anytime soon. I suppose I could be mistaken on that, but they need the capital to operate on, to grow on, and for acquisitions.
I think I get where you are coming from, as a maneuver while shares are cheap, then issue shares at a higher price later. In theory it sounds plausible as they could say get two or three times the money on the same shares - in theory.
In reality I doubt they have enough cash to buy up any meaningful number of shares. But, let's say they had $3 million dollars, then they could buy 5 million shares with that, and say maybe hope to sell at $2 a share for $10 million. That's a nice profit of $7 million it would seem, but I really doubt they have any meaningful cash to let go for that.
I am no expert on SEC law either, but it seems a little like gambling really for a company to have a share buy back and then turn right around and issue shares, and on the hope that the share price will go up at that. Also, the actual sale of the shares would provide some weight on the share price too.
Lastly, the shares they sell may not actually be all sold into the market and may go through a purchase by a larger party. They may not get the going market price at the time. Also, there are fees involved, that just like taxes, erode away at any advantage gained.
Small growth companies don't tend to do share repurchases, they use every dime they can for growth as they see so much opportunity and need the cash to make it happen.
On another subject, from what I can tell the SA article continues to gain in readership each hour it is out there. Maybe it will help bring more awareness to IQST and get people starting to do some DD of their own, and maybe in due time, leading to a choice to join us in our investment. If you like the article and would like to support me on that please follow me on SA and share a link to the article with any one (or anywhere) you wish who may want a starting point to look at before deciding to do some research on IQST. I noticed there is a symbol like a semi triangle at the bottom of the actual article and also at the mid to upper right once the article is opened for mobile device - and allows you to share by message, email, and twitter or more. Send it to any friends you may have been speaking to about IQST.
Note that if they don't already have an account with SA they may need to set up one to read the full article. They can sign up for free or choose the pay service which provides more services and information and access to premium articles. Not an AD, but just what you need to do to get it, and I hope we find that the article is a great way to introduce IQST to other people for whom we wish to share.
There is a lot to look at in the shareholder letter, while I wouldn't say there is any "breaking news".
[IoT Smart Tanks - If you read between the lines you get a little information about the Fortune 500 company. I had to look up the definition of EEUU. But basically EEUU means United States. (a Spanish to English deal)
So "one of their EEUU facilities" means the Fortune 500 company is an international company. Also, before now we had no way of knowing if the 2500 units where stretched out across the country, and across the company. Now we know that all 2500 units are at just one of the Fortune 500 company's facilities, and unclear if that included all the tanks at the one facility. Thus the further potential is perhaps the same facility, more facilities in the U.S., more facilities internationally, as well as perhaps many more companies to go after.
We learn that we should get an update soon, and hopefully the Fortune 500 company is pleased and wants to add more, but we also learned that the recurring revenue from just the first order of 2500 units is already profitable for the company.
Fintech - I thought we were waiting some time for all this to rollout. That may still be true, but we learned that all the services are actually already deployed in a test phase. We will see for how long it is tested, but being in a test phase seems further along than just "coming soon" IMO.
We get some vague M&A guidance, not really new info, mainly a reminder that something could come out at any time.
Goal to surpass $60.5 Million revenue forecast. Not just a possibility, they are actively working to achieve (goal)
"Entirely debt free company" - then "minimizing commercial debts"? A little confusing there, but most all companies have operating debts, I believe debt free is referring to long term and toxic debts like warrants and convertibles.
Assurance that there is no urgent need to sell more shares. This tells me they have time to wait and try to get the best price the market can provide.
As they used to say "Catch-22" the higher the market price the more the company can do with it and the stronger they can get, but the market wants them to get there first it seems. The answer may lie somewhere in between. As, they are able to do so much more now at this share price than they could under a dime, they are working for that next leg up.
IMO, right now they need to show some good, improved, numbers in the coming quarters, and/or, come out with some news demonstrating solid performance, progress, or a more clear undeniable path to it. It's not an event, its a process.
Maybe some of the best news, tucked away inside the letter was this company guidance for the second half of the year "We will maintain our current trend ... increasing the value of our Stockholder Equity, reducing operating expenses as a percentage of revenue, and increasing our EBITDA." In other word improvements in gross margin, and thus perhaps gains toward profitability, or actually achieving profitability.
Thanks Nickels-n-Dimes!