iQSTEL Inc (IQST)

[dh_]

Hi BW and all.

I just see the company continuing to head in a positive direction and I see Q3 results confirming progress in many ways. Importantly margin performance has increased for every quarter since Q4 21, and that is fueling the trend to profitability.

But also the Smartbiz and Whisl acquisitions are helping margins as well, and that is proving their M&A strategy. The bottom line for me is the telecom business is growing and making the company stronger all on its own.

They have gone quiet on the (thus far) non-revenue generating ventures, which is fine with me, but I'm ready to hear of some leap forward in any or all of those, if that be the case. No expected time frame from me but we need to see something to further validate their goals.

Q3 did meet or exceed the guidance and that matters a lot I think, and I believe the market was looking for that. There is still much room for improvement in telecom both in revenue and margin growth. And it may be pretty exciting if the other ventures begin to add to the bottom line. In fact, Q3 may become to be the mark of the so called "inflection point".

JMO, but I think there is much room for the share price to rise quickly to a fair value, then with further developments who knows where it may go. For now, I just appreciate the company delivering on some guidance, and I hope they can continue to do so.

Maybe Winston Churchill's quote fits well for iQSTEL today. "Now this is not the end. It is not even the beginning of the end. But it is, perhaps, the end of the beginning."