Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Opened at .30 boys better hold on it’s going to be a crap day and few months!! Back to penny land we go for sure!!
They would make better politicians than businessmen with the spin and tongue in cheek statements they make. Remember it's all for your own good.
Thanks for lying to us that you would be profitable every quarter!! Clearly you are nothing more than a con artists !!
News out
$IQST - iQSTEL Announces 108% Q1 Revenue Growth To $51.4 Million #otc #otcmarkets #nasdaq #telecom #ev #fintech #ai #metaverse #revenue #iqst
https://www.prnewswire.com/news-releases/iqst--iqstel-announces-108-q1-revenue-growth-to-51-4-million-302146375.html
That's not good.
For shareholders, that is.
The biggest loss of confidence is the fact they stated they would be profitable every quarter from here on out and they did alright for 2 quarters then they have a net loss of 580k and sold another million shares.
It is fine to disagree, but I am not a sbag or have buddies on this board. I have a hefty investment in this company and today I am going to lose value. Grow up a little eh
You and your sbag buddies may try to manipulate the price down. I think ITW is providing counterbalancing exposure and consultants will be proven to have earned their pay with green closes dominating the foreseeable future
Everyone on stocktwits is stoked about the news lol!! Wonder if they can read ?
Wishful thinking!! This is going to the teens again I believe!!
well that should get us back to the .27-.28 we all know and love.
Should lose 2 or 3 cents today. At this rate I cant see an uplisting for the foreseeable future. Losing confidence.
With that q1 report we may drop 50% today honestly !! It’s going to dump big time !!
IQST – iQSTEL Announces 108% Q1 Revenue Growth To $51.4 Million
iQSTEL_Logo
NEW YORK, May 15, 2024 -- iQSTEL Inc. (OTC-QX: IQST) (www.iQSTEL.com) a US-based, multinational, fully reporting and audited publicly listed telecommunications and technology company preparing for a Nasdaq up-listing today announced publishing the company’s Q1 FY-2024 annual report on SEC Form 10Q. The company achieved $51.4 million in Q1 FY-2024, an increase of 108% compared to Q1-FY-2023. Detailed information on Q1 FY-2024 performance can be found in the company’s SEC Form 10Q filed today.
As a result of increased expenses coming primarily from non-operating payments associated with recent acquisition transactions and an ongoing Nasdaq up-listing initiative, the company reported a net loss $580,216. It is important to note that the company incurred Q1 acquisition expenses from financing costs and consulting services necessary to complete two acquisitions prior to benefiting from the revenue and bottom line contributions from the acquisitions. The Q1 FY-2024 financial performance is entirely organic and does NOT include any contribution from the recent QXTEL and LYNK acquisitions. More expense specifics are detailed further below.
Notes:
The company increased its professional services expense in connection with funding its recent M&A activity, and in conjunction with its Nasdaq up-listing initiative.
The increased technological services expense results from the migration of Smartbiz into our Voice Proprietary Platform (VAMP). Etelix and SwissLink are already on VAMP and the Smartbiz migration will improve synergies, and reduce the cost per minute, as well as providing Smartbiz the state of the art features available in our proprietary VAMP telecommunications platform.
In January 2024, the company settled a promissory note with M2B as a prerequisite to the funding for the acquisition of QXTEL.
The increased interest expense is due in part to a non-cash expense associated with the issuance of “kicker shares” to M2B and in part to a cash interest payment made to M2B. Both the cash and non-cash expenses result from the QXTEL acquisition and were specifically orchestrated to minimize dilution in our IQST stock in Q1 FY-2024.
Additional Financial Performance Highlights and Further Analysis
Telecom Division stand-alone performance (stronger than ever)
iQSTEL’s overall business strategy is built on the foundation of our Telecom Division. We are growing a robust telecom business and building complimentary high margin potential technology businesses at the same time. It is our Telecom Division that is currently generating revenue with a positive operating Income. The Telecom Division generated $484,624 of positive operating income in Q1 FY-2024, without any contribution of the QXTEL and LYNK acquisitions. We expect that this figure will almost double in Q2 with the addition of just QXTEL’s financial contributions.
Increase in Consolidated Working Capital
As of March 31, 2024, we had total current assets of $15,619,755 and current liabilities of $13,484,660, resulting in positive working capital of $2,135,095 at a current ratio of approximately 1.16 to 1 respectively. The working capital as of March 31, 2024, increased substantially compared to a working capital of $1,878,228 on December 31, 2023.
The increase in working capital is a positive indication that the company's capital resources have the potential to meet operating costs and finance organic growth. Management expects this positive trend to continue throughout FY-2024.
Shareholder value creation through accretive acquisitions and organic growth
iQSTEL ‘s high growth strategy is to combined organic growth with strategic acquisitions. To fund growth the Company has raised funds through various debt and equity instruments. The issuance of stock to acquire new operations and raise funds has been accretive and ultimately added shareholder value. The graph below illustrates the quarterly increases in net shareholder equity, current assets, total assets, and net shareholder’s equity per issued share.
Summary
Q1 FY-2024 financial results represent a transitional period with non-operating expenses associated with the acquisitions of QXTEL and LYNK without the revenue and bottom line benefit of QXTEL and LYNK. With the ongoing revenue and bottom line contributions of QXTEL and LYNK going forward, management anticipates positive operating and net income results in subsequent 2024 quarterly financial reports.
Without any benefit from the recent QXTEL and LYNK acquisitions, the Q1 FY-2024 financial results demonstrate the success of iQSTEL’s ability to acquire and integrate new telecom operations and rapidly achieve synergistic organic growth.
Our balanced organic growth and ongoing acquisition campaign is proving to be accretive and continuing to consistently add shareholder value.
Management is committed to making this FY-2024 the best ever. We plan to achieve or surpass the quarter billion dollar revenue mark this year. We also expect to achieve 7-digit positive operating income.
On behalf of our Independent Board of Directors we want to thank our partners, customers, shareholders, investors, management, and our employees for all the loyal support throughout our journey to become a one billion revenue company.
All the Best.
Leandro Iglesias
CEO and Chairman iQSTEL
About IQSTEL:
iQSTEL Inc. (OTC-QX: IQST) (www.iQSTEL.com) is a US-based, multinational publicly listed company preparing for a Nasdaq up-listing with an FY2023 $144 million revenue, and with a Quarter Billion Dollar Revenue forecast and a Positive Operating Income of 7 digits forecast for FY-2024. iQSTEL's mission is to serve basic human needs in today's modern world by making the necessary tools accessible regardless of race, ethnicity, religion, socioeconomic status, or identity. iQSTEL recognizes that in today's modern world, the pursuit of the human hierarchy of needs (physiological, safety, relationship, esteem and self-actualization) is marginalized without access to ubiquitous communications, the freedom of virtual banking, clean affordable mobility and information and content. iQSTEL has 4 Business Divisions delivering accessibly to the necessary tools in today's pursuit of basic human needs: Telecommunications, Fintech, Electric Vehicles and Metaverse.
The Enhanced Telecommunications Services Division (Communications) includes VoIP, SMS, International Fiber-Optic, Proprietary Internet of Things (IoT), and a Proprietary Mobile Portability Blockchain Platform.
The Fintech Division (Financial Freedom) includes remittances services, top up services, Master Card Debit Card, a US Bank Account (No SSN required), and a Mobile App.
The Electric Vehicles (EV) Division (Mobility) offers Electric Motorcycles and plans to launch a Mid Speed Car.
The Artificial Intelligence (AI)-Enhanced Metaverse Division (information and content) includes an enriched and immersive white label proprietary AI-Enhanced Metaverse platform to access products, services, content, entertainment, information, customer support, and more in a virtual 3D interface.
The company continues to grow and expand its suite of products and services both organically and through mergers and acquisitions. iQSTEL has completed 10 acquisitions since June 2018 and continues to develop an active pipeline of potential future acquisitions.
Safe Harbor Statement: Statements in this news release may be "forward-looking statements". Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions, or any other information relating to our future activities or other future events or conditions. These statements are based on current expectations, estimates, and projections about our business based partly on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties, and assumptions that are difficult to predict. Therefore, actual outcomes and results may and are likely to differ materially from what is expressed or forecasted in forward-looking statements due to numerous factors. Any forward-looking statements speak only as of the date of this news release, and iQSTEL Inc. undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this news release. This press release does not constitute a public offer of any securities for sale. Any securities offered privately will not be or have not been registered under the Act and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
iQSTEL Inc.
IR US Phone: 646-740-0907
IR Email: investors@iqstel.com
Contact Details
iQSTEL Inc.
+1 646-740-0907
investors@iqstel.com
Company Website
www.iqstel.com
Earnings tomorrow maybe we go parabolic ? One can dream right lol !!!
Yessir we have wasted a lot of time and money not accruing interest sucks!! Let’s hope our patience and stupidity pays off as clearly it’s what we are !!
At Least 4 Years + for Me!!
Been craving that for 4 years now buddy!! Glad your apart of the group lol 😂
I can;t Believe that i have So Much Invested
in This Company and The Market Went Up
Today and We Go Down,,, Sooo Sad !! :(
Guess earnings aren’t the greatest let’s wait 3 more years now guys and keep averaging down lol
No pat on the back. Its a reminder people are buying since It’s clear some don’t see the value here. GLTYA
Keep in mind they said 600k a month was almost double what they did in q1 so that puts them in the 325k-350k gross profit margin!! Then they stated they had achieved 43 million with 2 weeks left in March so that mean they should do at least 51 million!! Either way share price is falling for a reason and that reason is no one is buying this stock period and the early q report dump explains the financials aren’t amazing 🤩 for sure!!
I’m guessing they do 325k- 350k gross margin per month which equates to around 1 million for the quarter in gross margin and report 52.5 million in sales !! Any other guesses ?
I’m guessing the q1 report tomorrow isn’t all that in a bag of chips otherwise we would get a pre pump lol!! Boiler how was that incredible interview lmao 🤣
If all yall would put some work into the stock it would be rewarding to us all instead of sitting here not buying and not spreading the word!! Let’s get it!!
pump, pump, that all trying to do. If you put almost two thousand dollars into this stock in a week or two. Good for you and good luck. I think you just want a pat on the back.
at this price .... THIS IS A STEAL......IQST ALL THE WAY
Yes we need to get this to meme stock status.
You guys sit around and do nothing to impact the stock positively all day long!! Make a difference and start promoting the stock on random Tickers on stocktwits!! You will be amazed the difference we all can make on a stock!!’ More watchers means more success for us !! Do 5 a day minimum is all I’m
Asking per person on here!!
If you all make 5 post each every day we will have 50k in watchers by September easy !! That’s nothing to ask honestly!’ Just put iqst is about to explode 20x easy better load up!!
So I believe with my promoting I brought in 50 watchers between Saturday and Sunday and it took about 1 hour a day to promote stock on popular tickers!! Now they suspended my stocktwits account last night so I couldn’t promote the stock today and we lost 4 watchers!! Are none of yall going to do crap but sit back and watch ? Like get on some random stock tickers that are popular like amc, gme, bngo, Tesla, ibm, and plenty more just blast iqst is about to
Explode better load soon and watch the impact you all will have!! Clearly Brad is not marketer or promoter!! I guarantee I would have 10x the watchers if I had the 3 years he’s had!! Rather we make or difference or things won’t change we need Volume to reach nasdaq period!! No news will do it just volume !! Go get it boys
TUESDAY....OPEN..36...AND UP FROM THERE
Our time is coming boys!! Hold tight
No clue !! I’m sure it’s the same as we all have heard nothing new!!
anyone got info on the meeting today
Lmao preach it buddy preach it!! Glad you know it to that gives us all security for sure!!
I don’t care if anyone believes it. I know this stock will increase in value. It just takes patience and time. If you take the opportunity great if not your loss.
Been her 4 years as well buddy !! Go ahead and preach it until we all believe it!!
And volume has ALWAYS been low in IQST because there isn’t many shares that people are willing to give up….and the ones selling don’t know what they have. But if IQST goes lower (like when it went to .08 & .16 those were excellent buys) I’ll gladly continue to buy. Like I stated before excellent company. And excellent revenue. Beats estimates every time. Companies like this don’t come around that often. Just a great opportunity if you’re willing to hold it long term.
This is a LONG TERM HOLD not a quick flip. Low float so NO there are not a lot of shares out there. Only people giving up there shares are the ones for sale which clearly isn’t many…..Per wallet investor- iQSTEL Inc quote is equal to 0.359 USD at 2024-05-12. Based on our forecasts, a long-term increase is expected, the "IQST" stock price prognosis for 2029-05-02 is 66.107 USD
at this rate, I should break even with 10 more acquisitions. There are plenty of shares out there..lol
Bought 5,800 more shares of IQST today- Excellent company. Been involved with IQST since 2020. Great progress. Low volume is the best time to accumulate. Not many shares out there. GLTYA
Boiler your missing the big picture buddy!! Iqst has always smashed revenue and grown yet the share price still bleeds red all day everyday because there’s no institutions or real investors to make volume!! So we need a pump or there will be no uplist!! Get that through your head quit living one sided buddy!!
I get what your saying but facts don’t work buddy with this we need volume point blank and only one way to get volume is double or triple the investors we have now!!
I prefer to be legit and just state facts, not things like Easy 25x.
The company sells itself if people just hear about it... 55% growth last year to 144.5M and on track for over 100% growth this year breaking 300M in sales. Low outstanding shares, only 176.8M. Share price is in a solid uptrend, but still only .35 for a 62M valuation and sales are 5x that. Just closed an acquisition last month and announced another acquisition on Friday. OTCQX so fully reporting and 3rd party audited. It's extremely undervalued IMO and won't stay a pennystock for long the way the financials are going.
And then of course, not financial advice, do your own DD.
At the end of the day brother I’ve been extremely frustrated with this stock for years however they are making progress and let’s do what Brad should be doing!! If everyone here can take a few minutes out there day to promote stock on random popular tickers we can get noticed and get some volume which is all that’s not making us run up!! Once again say-iqst is about to explode Easy 25x better load soon!! Put the time in and get the results!! I do sales and marketing for a living!!
I noticed watchers on ST jumped about 50 in a very short period of time. Well done. Very confused bc you will go back to saying it's a scam soon, but I'll give credit where credit is due. Good job spreading awareness.
I was promoting the stock to about 50 different stocktwits like amc, bngo,gme,muln,ttoo and many other meme stocks as well as legit investors to!! The goal was to bring humbers and that worked as the watching went from 9772 to 9822 in just 2 days!! Everyone here is you care about your position and want to make a difference go say on random stocktwits who have many watchers that iqst is about to explode Easy 30x and watch the people start coming !! Maybe we can get a pump that would be awesome!!
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |