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iQSTEL Inc - IQST STOCK NEWS

Welcome to our dedicated news page for iQSTEL (Ticker: IQST), a resource for investors and traders seeking the latest updates and insights on iQSTEL.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect iQSTEL's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of iQSTEL's position in the market.

Rhea-AI Summary
iQSTEL Inc. CEO Leandro Iglesias updates shareholders on the progress after acquiring QXTEL, reaching $17 million in revenue in January. The combined management teams are working together efficiently, identifying new business opportunities. The company is securing bridge financing for the acquisition and planning further strategic growth through an S-1 Registration Statement and stock options for potential acquisitions in 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-23.86%
Tags
acquisition
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Rhea-AI Summary
iQSTEL Inc. announced the publication of a Pro Forma financial statement on SEC Form 8K/A in relation to the acquisition of QXTEL, resulting in an annual revenue of a quarter billion. The Super 8K represents the combination of financial results of iQSTEL and QXTEL from January 1, 2023, through September 30, 2023, showing significant increases in total assets, stockholders' equity, net revenues, and gross profit. QXTEL contributed $0.98 million in Operating Income and $0.78 million in Net Income over the 9 months. The CEO expects 2024 to be the company's best year financially, with $17 million in revenue for January 2024 before QXTEL's contribution.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
12.08%
Tags
acquisition
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Rhea-AI Summary
iQSTEL Inc. announced a revenue of $17 million for January 2024, with an increase in gross profit compared to December. The company anticipates a remarkable year ahead, especially after the recent acquisition of QXTEL, which is expected to boost its annual revenue to a quarter billion. Additionally, iQSTEL has achieved positive operating income in Q3 2023, with a steady increase in gross margin since then.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.9%
Tags
none
Rhea-AI Summary
iQSTEL Inc. released a letter to shareholders from CEO Leandro Iglesias following the acquisition of QXTEL. The acquisition, expected to be executed in 60 days, will result in iQSTEL acquiring 51% of QXTEL's capital stock. The deal is expected to nearly double iQSTEL's annual revenue, with QXTEL bringing in new customers, improved operating margins, and executive talent. The acquisition will also increase iQSTEL's revenue per share by 75%. QXTEL's global presence and top telecommunication executive talent are highlighted as key benefits. The leadership of both companies shares the vision of becoming one of the 10 largest wholesale telecommunication service providers in the world.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.05%
Tags
acquisition
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Rhea-AI Summary
iQSTEL Inc. (IQST) has announced an agreement to acquire 51% of QXTEL LTD., a London-based Telecommunications Services Provider, adding QXTEL to its Telecom Division. The addition of QXTEL is expected to add over $80 million in annual revenue, with combined sales projected to reach $250 million annually. iQSTEL achieved a consolidated positive operating income in Q3 of 2023, ahead of forecast, and expects the addition of QXTEL to further boost its Telecom Division to forecast $3 million of positive operating income annually. The founders and management of QXTEL share iQSTEL's vision to become one of the major international wholesale telecommunications operators, providing voice, messaging, and enhanced value-added services. The acquisition is expected to put the combined company in the select list of top operators. The companies expect to finalize and close the acquisition agreement within the next 60 days, with additional details to be released before the IQSTEL shareholders meeting.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
20.25%
Tags
none
-
Rhea-AI Summary
iQSTEL Inc. (IQST) reports a 50% revenue growth to $140 million in 2023, delivering $0.81 per share compared to $0.57 per share in 2022. The company's gross margin increased in Q4-2023, with operating income turning positive ahead of schedule in Q3-2023. Management anticipates continued rapid growth in revenue and margins in 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.24%
Tags
none
Rhea-AI Summary
iQSTEL Inc. (IQST) exceeded its 2023 $120 million annual revenue forecast, reaching $140 million based on preliminary accounting. The company's gross margin continued to grow in Q4 after the operating income turned positive ahead of schedule in Q3. Management plans to revise its original $145 million 2024 annual revenue forecast upward. The company filed a Definitive Proxy Statement for an upcoming annual shareholder meeting scheduled on Wednesday January 31, 2024, at 10 am (EST).
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.88%
Tags
none
-
Rhea-AI Summary
iQSTEL Inc. (OTC-QX: IQST) has exceeded its FY-2023 $120 million annual revenue forecast based on preliminary accounting. The company CEO, Leandro Iglesias, has published the first of two shareholder letters to review the highlights of the company's 2023 performance and outline plans for continued growth in 2024. The company also announced a $145 million revenue forecast for FY-2024, excluding contributions from anticipated acquisitions. iQSTEL has achieved consolidated operational profitability earlier than anticipated and aims to maintain it. The company is optimistic about a reduction in interest rates and improving investment environment for growth companies in 2024. iQSTEL plans to increase revenue and bottom line contribution of its Telecommunications division and reduce Pubco expenses. The company is also looking forward to two target telecommunication acquisitions in 2024 and aims to uplist to Nasdaq.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.77%
Tags
none
-
Rhea-AI Summary
iQSTEL Inc. (IQST) announces a $145 million revenue forecast for FY 2024, expecting to exceed its $120 million FY 2023 forecast. With a recent 81% revenue growth in Q3 FY 2023 to $39.8 million and positive operating income, the company attributes its success to streamlined operations, standard operating procedures, and new product offerings. iQSTEL aims to increase gross margins and anticipates further growth, demonstrating a 10x revenue increase since 2018 and plans to up-list to Nasdaq.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.27%
Tags
none
Rhea-AI Summary
iQSTEL Inc. (OTC-QX: IQST) announced that its year-to-date revenue exceeds $110 million, with Q3 FY2023 revenue reaching a record high of $39.8 million, an 81% increase over the previous year. The company achieved positive operating and net income in Q3, one quarter earlier than forecasted. These results position iQSTEL for continued growth and potential uplisting to Nasdaq.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.06%
Tags
none
iQSTEL Inc

OTC:IQST

IQST Rankings

IQST Stock Data

43.48M
168.97M
1.54%
Telecom Services
Communication Services
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