Replies to post #39070 on iQSTEL Inc (IQST)

[Texlotteryticket]

??NEWS?? – iQSTEL Announces 37% Revenue Growth In Q1 To $19.3 Million Based On Preliminary Results
New York, NY – April 07, 2022 - iQSTEL, Inc. (OTCQX: IQST) today announced preliminary results for the first quarter of 2022 with estimated revenue reaching $19.3 million. This is a 37% increase over the $14.2 million reported in for the same period the previous year.
The company expects to imminently publish the audited financial report for 2021 verifying exceptional year of year growth and improving profitability. The 2021 audited financial report is expected to be one of the essential last steps towards the company’s Nasdaq uplisting objective.
See CEO Leandro Iglesias latest shareholder letter update reporting on the company’s progress in advancing on its Nasdaq uplisting objective and 2022 $90 million revenue forecast. The letter is included in its entirety below:
Dear shareholders:
iQSTEL continues to thrive in 2022. Pending the final release of our audited financial results for FY-2021, I am pleased to share with you the company’s preliminary results for Q1 2022.
The preliminary revenue for Q1 2022 is $19.3 million. That is a 9.5% increase over the $17.8 million in estimated revenue reported in Q4 2021 and a 37% increase over the revenue reported in Q1-2021.
iQSTEL is well on track to reach or surpass our $90 million 2022 revenue forecast. Historically, iQSTEL’s revenue in the second half of the year is always higher than in the first half of the year. This historical pattern provides further confidence in our trajectory toward the $90 million 2022 revenue forecast.
We continue to improve operational efficiencies to affect profit improvements. Our ongoing cost reductions in our Telecom Division achieved by taking advantage of operational synergies are not only improving profitability but resulting in service delivery improvements and increased customer satisfaction.
We intend to publish our FY 2021 audited financial results next week prior to March 15th, the amended due date after the company filed an extension last week. iQSTEL’s Independent Audit Committee will review the results prior to release and our Independent Board of Directors will approve the results prior to release.
I remain confident in my statement last week that I expect April to be an inflection point for iQSTEL. I encourage readers here to review my shareholder letter form last week. I anticipate the publication of iQSTEL’s audited financial report for FY 2021 to validate the company’s growth curve and unlock market awareness that in turn brings institutional investment interest supporting an organic increase in share price that can bring iQSTEL in line with the minimum Nasdaq listing requirement.
Thank you for your ongoing interest in iQSTEL and your support.
Sincerely,
Leandro Iglesias
CEO

[Crawfors]

These guys are hilarious.

He gave a subtle wink and laugh to us right here.

"The company expects to imminently publish the audited financial report for 2021 verifying exceptional year of year growth and improving profitability. The 2021 audited financial report is expected to be one of the essential last steps towards the company's Nasdaq uplisting objective."


There are a few important take aways..

they speak as though they're already profitable in a few lines..

they also mentioned institutional investments