iQSTEL Inc (IQST)

[PennyFans]

IQST, a news OUT! Revenue in 2020 exceed the forecast and reaching near 45M!

IQST - iQSTEL Exceeds FY-2020 Revenue Forecast Reaching Nearly $45 Million

https://finance.yahoo.com/news/iqst-iqstel-exceeds-fy-2020-133000998.html

NEW YORK, Jan. 7, 2021 /PRNewswire/ -- iQSTEL, Inc. (USOTC: IQST) today announced achieving $44.8 million in revenue for FY-2020 based on preliminary results. The $44.8 million in revenue exceeds management's $42 million revenue forecast for FY-2020 by 6.8%, and represents a 148% increase over the $18 million in revenue reported in FY-2019.

Last month, in December 2020, IQST realized over $5 million in monthly revenue for a third consecutive month. The $5.1 million in revenue realized in December represents a 165% increase over the $1.9 million in revenue reported in December the previous year.

The three consecutive months exceeding $5 million in revenue resulted in a record quarter totaling $15.3 million for Q4 2020. The previous quarterly record was reported in Q3 2020 when revenue reached $13.3 million. The Q4 2020, $15.3 million in revenue is the third record revenue quarter in a row.


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