Breaking
#Tech/ #Telecom #Stock News- iQSTEL (OTC: $IQST) Q2 Revenues Reach a Record $11M with Operating
Subsidiaries Q2 2020 Net Income Surpassing $420K; @IQstel
Read
this news featuring IQST in full at https://www.investorideas.com/news/2020/technology/07291iQSTEL-Q2.asp
iQSTEL’s overall revenues for Q2 2020
surpassed the $11M mark and the net income broke past the $420K mark. The company
continues on track to reach further record revenues/income figures as well as
new acquisitions throughout the rest of 2020.
As seen in the included spreadsheet
image (full details in the forthcoming Q2 filing), our operating subsidiaries
all had positive Net Income:
|
Company |
Etelix |
SwissLink |
Qglobal |
IoT Labs |
Operating Total |
|
|||
|
Commercial Brand |
Etelix |
SwissLink |
Qglobal Miami |
Qglobal Austin |
|
|
|||
|
Services |
VoIP |
VoIP |
SMS |
SMS |
VoIP + SMS |
|
|||
|
Revenues |
$ 3,402,887 |
$ 1,183,088 |
$ 163,546 |
$ 6,381,403 |
$ 11,130,924 |
|
|||
|
Gross Profit |
$ 304,665 |
$ 171,760 |
$ 61,316 |
$ 194,567 |
$ 732,308 |
|
|||
|
Expenses |
$ 104,793 |
$ 160,372 |
$ 25,651 |
$ 15,074 |
$ 305,889 |
|
|||
|
EBITBA |
$ 225,835 |
$ 20,969 |
$ 35,665 |
$ 179,494 |
$ 461,963 |
|
|||
|
Net Income |
$ 199,872 |
$ 11,388 |
$ 35,665 |
$ 179,494 |
$ 426,419 |
|
|||
|
|
|
|
|
|
|
|
|||
|
Does NOT Include the Expenses nor Costs of our PubCo Holding
iQSTEL Inc |
|
|
|
|
|
||||
“The tremendous growth we have seen
in 2020 continues despite COVID-19’s global economic impact. Further proof that
our business model, a combination of corporate growth and acquisitions, is
working very well. All of our operating subsidiaries just reached a major
milestone, going Net Income positive. Our management experience in Telecom
Operations has been key in the achievement of these results. We look forward to
fantastic Q3 and Q4’s as we anticipate further corporate and subsidiary
developments leading in to 2021.” commented Mr. Iglesias, iQSTEL Inc’s CEO.
About iQSTEL Inc.:
iQSTEL
Inc (OTC: IQST) www.iQSTEL.com is a US-based publicly listed
company offering leading-edge 21st Century Enhanced Telecommunications
Services with a focus on a wide range of cloud-based enhanced services to the
Tier-1 and Tier-2 carriers, corporate, enterprise, as well as the retail market.
iQSTEL through its subsidiaries Etelix, SwissLink, QGlobal SMS, SMSDirectos,
IoT Labs, IoT Smart Gas Platform, itsBchain offers a "one-stop-shopping”
for international and domestic VoIP services, IP-PBX services, SMS exchange for
A2P and P2P, OmniChannel Marketing, Internet of Things (IoT) applications (IoT
Smart Gas Platform), 4G & 5G international infrastructure connectivity, as
well as blockchain-based platforms: Mobile Number Portability Application
(MNPA) and Settlement & Payments Marketplace for VoIP, SMS and Data.
About Etelix.com USA, LLC:
Etelix.com USA LLC www.etelix.com is a wholly owned subsidiary of
iQSTEL Inc. Etelix.com USA, LLC is a Miami, Florida-based international telecom
carrier founded in 2008 that provides telecom and technology solutions
worldwide, with commercial presence in North America, Latin America, and
Europe. Enabled by its 214-license granted by the Federal Communications
Commission (FCC), Etelix provides International Long-Distance voice services
for Telecommunications Operators (ILD Wholesale), and Submarine Fiber Optic
Network capacity for internet (4G and 5G). Etelix was founded in 2008 and has
been profitable since inception.
About SwissLink Carrier AG:
SwissLink Carrier AG www.swisslink-carrier.com is a 51% owned subsidiary of iQSTEL
Inc. SwissLink Carrier AG is a Switzerland based international
Telecommunications Carrier founded in 2015 providing international VoIP
connectivity worldwide, with commercial presence in Europe, CIS and Latin
America. SwissLink Carrier AG is a Swiss licensed Operator, having a domestic
Interconnect with Swisscom, allowing their international Carrier Customers
direct terminations via SwissLink into all Switzerland Fix & Mobile
Networks. Since the takeover from Swissphone in November 2018 and the rename
into SwissLink, they operate on a profitable level.
About QGlobal SMS LLC.:
QGlobal SMS LLC www.qglobalsms.com is a 51% owned subsidiary of iQSTEL
Inc. QGlobal
SMS is a USA based company and a commercial brand founded in 2020 specialized in international and
domestic SMS termination, with emphasis on the Applications to Person (A2P) and
Person to Person (P2P) for Wholesale Carrier Market and Corporate Market in US. QGlobal SMS has
commercial presence in US, Mexico, Latin America, EMEA (Europe, Middle East,
Asia) and Africa, through our SMS service providers based in Austin, TX and
Miami, FL Our Austin-based SMS service provider is specialized in the SMS
traffic exchange between US and Mexico, and our Miami-based SMS service provider
is focused in the development of Latin America and the rest of the word.
QGlobal SMS has robust international interconnection with Tier1 SMS
Aggregators, guarantying its customers high quality and low termination rates,
over more than 100 countries worldwide.
About Alcyon Cloud SMS S.A.S (Commercial Brand SMSDirectos.com ):
Alcyon Cloud SMS S.A.S. (Commercial
Brand SMSDirectos.com), is a whole subsidiary of QGlobal SMS,
a Colombian-based Application and Content Provider. Alcyon Cloud SMS
(SMSDirectos.com) is registered with the Secretary of Information and
Communication Technology (ICT) in Colombia, offering services to government,
enterprises, small and medium business, as well as end-users. Using
SMSDirectos’ existing network, they plan to expand services from SMS to offer
omnichannel products and services such as: SMS, Emails, RCS (Rich
Communications Services), Social Media Channels (Whats App, Messenger, etc), WebRTC
(Web Real-Time Communication), VoIP (IP-PBX, SIP Trunking) ChatBots (Artificial
Intelligence Based), SMS to Email, and Email to SMS.
About IoT Labs MX SAPI:
IoT Labs MX SAPI www.iotlabs.mx , a subsidiary of iQSTEL Inc, is an
Internet of Things (IoT) Mexican technology development company, creator of the
“IoT Smart Gas” Platform and Application. The IoT Smart Gas platform www.iotsmartgas.com consists of an IoT field device
installed on the LP gas tank (adaptable to virtually any gas or liquid storage
tank) and, thanks to the Internet of Things (IoT) technology via Sigfox or GSM
network connectivity, allows remote managed and improved logistic processes of
refilling, usage tracking and tank monitoring in real-time by the Smart Gas
mobile app. The new GSM tracking feature allows for mobile use including
ground, air, and sea tank monitoring.
About itsBchain LLC.:
itsBchain LLC www.itsBchain.com is a 75% owned
subsidiary of iQSTEL Inc. itsBchain is a blockchain technology developer
and solution provider, with a strong focus on the telecom sector. The
company is the final stage of development of a series of blockchain solutions aimed
at using the blockchain ledger and smart contract solutions to enable more
efficiency, quickness in execution and fraud-prevention in the telco
industry. Specifically, the company is developing a solution that will
enable users and carriers to transfer mobile phone numbers with just a few
clicks, allowing users and carriers the ability to transfer retail users
from one mobile carrier to another instantly. Additionally, the company
is finalizing a carrier-grade marketplace solution to procure payments between
carriers for cross-traffic of VoIP, SMS and data realtime as traffic is crossed
between carriers. This marketplace will allow for instant payment
settlement as well as the prevention of fraud between carriers.
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 statements 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, in
part, 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.
iQSTEL Inc.
IR US Phone: 646-740-0907, IR Email: investors@iqstel.com
Source: iQSTEL Inc. and its
subsidiaries:
www.iqstel.com ; www.etelix.com ; www.swisslink-carrier.com ; www.qglobalsms.com ;
www.smsdirectos.com ;
www.iotlabs.mx ;
www.iotsmartgas.com ;
www.itsBchain.com
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