iQSTEL Inc (IQST)

[Fundamentals3]

Pretty excited about the 10-Q. Here are my takeaways.
- $1.8M cash at 3/31/23 vs. $1.3M at 12/31/22. Even removing the $400k proceed from exercise of warrants, they were able to generate a bit cash during the quarter. Statement of cash flows shows a $0.2M cash inflows from operations. It means they can support operations without issuing shares.
- Revenue continues to grow with a significant improvement in gross margin. GM of $1.2M is much higher than the prelim 780k they told us. There are still have rooms for improvement but this is a good sign.
- Apolo exercised $400k for 2,941,177 shares at $0.14/share. Shares issued for compensation at $0.19/share. These amounts could indicate iqst is undervalued at current pps.