#Tech/ #Telecom #Stock #Investor News-
IQSTEL (OTC: $IQST) Announces 25%
Revenue Growth On Track To Reach $105 Million 2023 Annual Forecast; @IQstel
March 15th, 2023 - New
York, NY 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/03151IQST-Revenue-Growth-Annual-Forecast.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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