iQSTEL Inc (IQST)

[moneyman2013]

NEW YORK, July 12, 2023 -- iQSTEL Inc. (OTCQX: IQST), today announced revenue for Q2-2023 exceeded expectations. Based on preliminary accounting, iQSTEL achieved $32.5 million in revenue in Q2 compared to $24.6 million in revenue for Q1, an increase of 32% quarter to quarter.

“We are on pace to exceed our $120 million annual revenue forecast,” said CEO Leandro Iglesias. “The company historically has higher revenue in the second half of the fiscal year than the first. iQSTEL launched in 2018 and achieved $13.78 million in revenue in that first year. We could exceed ten times that number this year. The company’s organic growth is exceeding management’s expectations, and we continue to develop substantial merger and acquisition opportunities. It is safe to say, 2023 will be iQSTEL’s best year yet since our launch in 2018. On behalf of all management, we believe this will be a transformational year for the company.”