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Monday, July 15, 2024 3:18:56 PM
The comprehensive business plan has been published in conjunction with the company's recent announcements to
Transition its current holding company structure into a single unified commercial operation structure, and
Launch an institutional investor road show with the first investor presentation at the Emerging Growth Conference scheduled for July 17-18, 2024 to be available to all investors online on Wednesday, July 17th, at 9:40 AM Eastern Standard Time.
iQSTEL is currently a US-based, multinational, fully reporting and audited publicly listed telecommunications and technology. The company is on track to achieve $290 million in revenue this year, FY 2024, with $7 million in gross profit and seven digit operating income:
Preliminary Q2 revenue (unaudited) is $77M vs. $51.4M in Q1 (49% increase)
Preliminary Q2 gross profit (unaudited) is $2M vs. $1.3M in Q1 (53% increase)
Highlights of the comprehensive business plan published on SEC Form 8K include details on the following business strategy components:
Transformation to Telecommunications Corporation: iQSTEL is transitioning from a holding company to a unified corporation. This involves unifying commercial messages, simplifying brands, and reducing departmental redundancies.
Lynk Telecom Acquisition: We aim to complete the acquisition of Lynk Telecom, which is expected to boost annual revenue by $20 million and increase operating income by $1 million.
Technological Platform Consolidation: We plan to acquire or partner with a single switching platform for all our telecom subsidiaries to improve synergies and reduce technological costs.
Revenue Growth: Our strategy focuses on expanding both retail and corporate business segments to increase revenue from end users, which offer higher margin contributions.
Marketing Enhancement: We plan to revamp all marketing materials and corporate messages to align with our new corporate identity.
Capital Raising: We intend to raise up to $10.5 million to optimize our capital structure, leaving approximately $5 million of free cash after debt redemption.
Summary - $500 Million In Sales, $30 Million Institutional Investment, Nasdaq Listing
The ultimate objective of iQSTEL's acquisition strategy is to prepare the company for a Nasdaq uplisting by culminating the acquisition campaign with a private or public company acquisition that can elevate iQSTEL's annual revenue to at least $500 million. Upon identifying a suitable acquisition target, the company plans to raise $30 million separate from any existing capital campaign.
![Bullish](/static/images/ih2-bull.png)
Recent IQST News
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/14/2024 04:05:08 PM
- Shares of Telecom Firm Higher on Planned Strategic Announcement • AllPennyStocks.com • 08/08/2024 04:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/06/2024 08:33:17 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/16/2024 08:00:14 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/12/2024 09:27:15 PM
- Form 424B7 - Prospectus [Rule 424(b)(7)] • Edgar (US Regulatory) • 06/05/2024 09:25:48 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/05/2024 08:05:00 PM
- IQST - iQSTEL Announces $290 Million 2024 Annual Revenue Forecast • InvestorsHub NewsWire • 06/04/2024 05:43:14 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/15/2024 01:14:06 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/10/2024 08:04:40 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/05/2024 09:56:04 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/04/2024 10:19:27 PM
- Form S-1 - General form for registration of securities under the Securities Act of 1933 • Edgar (US Regulatory) • 02/13/2024 04:40:15 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/13/2024 03:47:57 PM
- Form 8-K/A - Current report: [Amend] • Edgar (US Regulatory) • 02/08/2024 02:18:44 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/06/2024 08:37:10 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/05/2024 05:28:56 PM
- Form 8-K/A - Current report: [Amend] • Edgar (US Regulatory) • 01/30/2024 09:58:55 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/29/2024 09:24:49 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/25/2024 10:26:52 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/25/2024 10:22:44 PM
- IQST - iQSTEL and QXTEL Announce a Deal To Become Quarter Billion Revenue Corporation • InvestorsHub NewsWire • 01/22/2024 02:56:12 PM
- Will Acquisition News Send Shares of this Telecom Firm Higher? • AllPennyStocks.com • 01/22/2024 02:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/02/2024 05:11:18 PM
- Form DEF 14A - Other definitive proxy statements • Edgar (US Regulatory) • 12/28/2023 08:29:17 PM
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