#Tech / #Telecom #Stock IQSTEL (OTC:
$IQST) Reports Year-to-date revenue for its Telecom Division through Feb 28th
of $16.4 million; @IQstel
New York, NY - March 16, 2023 - Breaking Tech/
Telecom Stock News at Investor Ideas -iQSTEL, Inc. (USOTCQX: IQST) today announced the company’s
year-to-date (YTD) revenue for its Telecom Division through Feb 28th
is $16.4 million (unaudited), an increase of 25% compared to $13.1 million for
the same period in 2022.
Read this news, featuring IQST in
full at https://www.investorideas.com/news/2023/technology/03161IQST-Telecom-Revenue-Growth.asp
Considering that the company’s
revenue stream is historically higher in the second half of the year, management
is confident the YTD performance is on track to reach the company’s $105
million annual revenue forecast organically before the benefit of sales from
new lines of business and before the benefit of any anticipated contribution
from acquisitions.
Management is also confident the
company is on track to report Positive
Consolidated Operating Income in 2023 for the entire PubCo as a result of
the ongoing benefit of operational streamlining and the anticipated benefit
from iQSTEL’s newer lines of business to include its Electric Vehicle, Fintech
and Internet of Things (IoT) Divisions.
“iQSTEL
continues into 2023 to realize steady and exceptional growth,” said Leandro
Iglesias, CEO of iQSTEL. “After reaching
$93 million in revenue in FY-2022, we are already realizing 25% growth YTD
through Feb 28th this year compared to the same period in 2022. Our 2023 financial objectives are well
withing our sites as our products and services gain more and more recognition
within their respective markets.”
Stay
tuned for regular shareholder updates.
About iQSTEL Inc.:
iQSTEL Inc. (OTCQX: IQST) (www.iQSTEL.com) is a US-based publicly listed
company holding an Independent Board of Directors and Audit Committee with a presence
in 19 countries and 70 employees offering leading-edge services through its
four business lines. The Telecom Division (www.iqstelecom.com), which
represents the majority of current operations, offers VoIP, SMS, proprietary
Internet of Things (IoT) solutions, and international fiber-optic connectivity
through its subsidiaries: Etelix, SwissLink, Smartbiz, Whisl, IoT Labs, and
QGlobal SMS. The Fintech business line (www.globalmoneyone.com) (www.maxmo.vip) offers a complete Fintech
ecosystem MasterCard Debit Card, US Bank Account (No SSN Needed), Mobile
App/Wallet (Remittances, Mobile Top Up). Our Fintech subsidiary, Global Money
One, is to provide immigrants access to reliable financial services that make
it easier to manage their money and stay connected with their families back
home. The BlockChain Platform Business Line (www.itsbchain.com) offers our proprietary Mobile
Number Portability Application (MNPA) to serve the in-country portability needs
through its subsidiary, itsBchain. The Electric Vehicle (EV) Business Line (www.evoss.net) offers electric motorcycles to
work and have fun in the USA, Spain, Portugal, Panama, Colombia, and Venezuela.
EVOSS is also working on the development of an EV Mid Speed Car to serve the
niche of the 2nd car in the family.
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
Company Website
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