Iqstel Stock Price, News & Analysis

iQSTEL, Inc. (OTCQX: IQST) published a shareholder letter from CEO Leandro Iglesias, highlighting the company's confidence in achieving its $90 million revenue forecast for 2022. The letter outlines key strengths, including the successful acquisition of Smartbiz and Whisl, contributing $11.6 million in annual revenue. iQSTEL is diversifying into electric vehicles with its EVOSS division and enhancing its Internet of Things technology. The company aims for an up-listing to Nasdaq while avoiding toxic debt and maintains a positive outlook for growth in 2023.

iQSTEL, Inc. (OTCQX: IQST) reported preliminary Q2 2022 results with revenues reaching $24 million, a 23% increase from Q1. Year-to-date revenue stands at $43.4 million, reflecting a 47% growth over the same period last year. The company aims to meet its $90 million annual revenue target for 2022 while maintaining positive net income. New high-margin products, including the EVOSS Electric Motorcycle and Global Money One Maxmo, are expected to enhance Q3 revenue.

iQSTEL, Inc. (OTCQX: IQST) announced a memorandum of understanding (MOU) with BASF Corporation to field test its IoTSmartTank technology. This agreement builds on previous collaboration initiated under a letter of intent in April 2021. The IoTSmartTank, capable of non-intrusive monitoring of chemical storage parameters, has seen ongoing development, leading to a third-generation enhancement. Field trials aim to validate the technology's effectiveness in asset management. iQSTEL emphasizes its commitment to deploying this technology, pending successful trial results.

iQSTEL, Inc. (OTCQX: IQST) has provided a management update highlighting its progress in business development initiatives. The company is on track to exceed its 2022 forecast of $90 million in revenue and remain net income positive. Recent acquisitions, including Whisl and Smartbiz, are projected to generate an additional $11.6 million in revenue and $1.34 million in net income. iQSTEL is preparing for a Nasdaq up-listing and anticipates earnings growth beginning in 2023, alongside ongoing business initiatives in IoT and fintech.

On June 14, 2022, iQSTEL announced a revenue of $6.9 million for May, bringing its year-to-date revenue to over $33 million, a 39% increase from last year. The company expects its recent acquisitions, Smartbiz and Whisl, to generate an additional $11.6 million in annual revenue and $1.34 million in net income. iQSTEL aims to achieve a revenue forecast of $90 million in 2022, maintaining strong growth prospects.

iQSTEL, Inc. (OTCQX: IQST) announced a formal purchase offer for its electric vehicle subsidiary, EVOSS, exceeding its internal valuation. The buyer, a US company preparing for an IPO on Nasdaq, seeks to validate iQSTEL's business value. iQSTEL's management declined the offer, opting instead to explore a spinoff and separate Nasdaq listing for EVOSS to enhance its valuation. The company continues its growth strategy in electric vehicles, aiming for $90 million in revenue this year with positive net income. iQSTEL also plans for a Nasdaq up-listing when market conditions permit.

iQSTEL, Inc. (OTCQX: IQST) has entered a non-binding letter-of-intent for a potential acquisition of a 2,300-mile fiber-optic network in the U.S. This move aims to enhance iQSTEL’s entry into the growing 5G market, projected to reach $700 billion by 2025. The company has been in discussions regarding this acquisition for two years, indicating a commitment to expanding its telecommunications capabilities. Following a 90-day due diligence period, iQSTEL plans to make a formal acquisition offer for the full capital stock of the network owner.

iQSTEL, Inc. (OTCQX: IQST) reported a revenue of $7.4 million for April 2022, marking a 40% increase compared to April 2021 and a 14% rise from the average monthly revenue in Q1 2022. This figure does not include revenue from recent acquisitions Smartbiz and Whisl. The company aims to achieve $90 million in revenue for the year and is on track to become net income positive. iQSTEL is also enhancing its market presence across telecommunications and electric vehicle sectors.

iQSTEL, Inc. (OTCQX: IQST) reported a 37% increase in Q1 2022 revenue, reaching $19.42 million, compared to Q1 2021. The net loss was reduced by 72%, improving stockholders' equity by 410% to nearly $7 million, exceeding Nasdaq listing requirements. From Q4 2021 to Q1 2022, revenue rose by 9%, with a gross profit increase of 201%. The company maintains $4.22 million in cash for operational stability amid market conditions. Anticipated acquisitions will add $11.6 million in revenue and increase net income by $1.34 million annually, starting in Q2.