iQSTEL Inc (IQST)

[dh_]

I don't know what they are required to do, but they usually break it down to some extent. The business is changing so rapidly the comparisons may get complicated in some ways.

This PR from last year had one of the best breakdowns I saw. Basically all major segments were profitable at the time, just the overhead of the holding company kept the Q from showing a profit.

What was interesting too was the margins of each division.

Margins:
Etelix 9%
SwissLink 15%
SMS Miami 37%
SMS Austin/IOT 3%

SMS Austin being the new business area, and the largest. Was the low margin due to it being startup cost for new business? If SMS Austin settled into a gross margin like SMS Miami, if possible, then SMS Austin would have brought in an additional $2,166,522. After this report they added even more new business. But once they get a strong foot hold we may get a good idea of what to expect. If Miami is any indication, this could be very interesting.

https://www.otcmarkets.com/stock/IQST/news/iQSTEL-Q2-Revenues-Reach-a-Record-11M-with-Operating-Subsidiaries-Q2-2020-Net-Income-Surpassing-420K?id=268994