This is from IR today.
Hey there, Ambassador Shareholders!
I know it might be hard to see the silver lining with the stock at an annual low point but trust me when I say that I'm beyond optimistic about iQSTEL's future. I sincerely believe this company is on the cusp of something extraordinary. Allow me to share some solid facts and my thoughts on why you should be getting excited too:
Our Q1 2023 revenue reached a staggering $22.9 million – an impressive 18% growth compared to Q1 last year.
We saw a jaw-dropping 36% increase in gross profit in Q1 2023 compared to Q1 2022.
In 2022, we pulled in $93.2 million in revenue, a phenomenal 44% increase from 2021.
The Q1 2023 gross profit of $780,000 already accounts for a massive 43% of the gross profit we reported for the entire year in 2022.
We're confidently on track to meet or even surpass our ambitious $105 million 2023 revenue forecast.
But let me tell you, there's so much more to be excited about! Our current and forecasted revenues only partially encompass the incredible potential of our innovative divisions like the EV division. Just take a look at our recently unveiled TuVolten 550 Elite electric motorcycle:
We've fused the best aspects of previous designs to craft a powerful, vintage-styled, highway-ready motorcycle.
It comes equipped with a 5 KW motor, which makes it 1.5 times more powerful than the EVOSS 250.
The state-of-the-art brake system features battery regenerative capabilities, extending the range by up to 30%.
Plus, you can truly make it your own with options like a windshield, hand deflectors, phone holder and charger, wind cloak, leather side bags, tail box, and more.
And that's not even the whole picture. Our fintech and IoT divisions are poised to drive significant growth and expansion, contributing even more value to the company's bright future. The EV division, in particular, is set to significantly impact markets where low-cost transportation is in high demand. This is a game-changer, folks!
Moreover, the IoT division has incredible opportunities to collaborate with major companies already experiencing growth. Our fintech and metaverse divisions are gearing up to emerge and sync seamlessly with other iQSTEL products, resulting in much more synergized and expansive growth.
So, let me put it this way: iQSTEL's outstanding financial performance, diverse product and service portfolio, and exciting developments in the EV, fintech, IoT, and metaverse divisions should make anyone feel genuinely enthusiastic about the company's future. The current stock price may not reflect it yet, but this is a golden opportunity for long-term investors to believe in iQSTEL.
Warmest regards,
Brad L. IR Director, iQSTEL
