Iqstel Stock Price, News & Analysis

iQSTEL, Inc. (OTCQB: IQST) achieved $5.23 million in revenue for July 2021, a 21% increase compared to July 2020. This marks the fourth consecutive month of exceeding $5 million in revenue. The company operates in 15 countries and offers various services in Telecommunications, Electric Vehicle, Financial Services, and more, via its five business divisions. iQSTEL has a diverse product portfolio including SMS, VoIP, and EV-related solutions.

iQSTEL, Inc. (OTCQB: IQST) announced its ongoing plans for a Nasdaq uplisting, emphasizing the formation of an Independent Audit Committee (IAC) as a crucial step. The IAC, comprising three independent Board members, aims to enhance corporate governance, aligning with requirements for uplisting. CEO Iglesias noted that the IAC will bolster investor confidence. The company is also updating its website with details on its B2B and B2C operations, focusing on maximizing shareholder value.

iQSTEL, Inc. (OTCQB: IQST) has announced plans to manufacture its first electric motorcycles under the EVOSS brand, with production expected to begin in Q4 2021. The motorcycles will compete in the low horsepower market, targeting a versatile user base in Latin America. The company aims to create an integrated ecosystem for EV users, linking with existing financial services while leveraging China's established electric motorcycle market, which boasts over 400 million units. This strategy positions iQSTEL as an early mover in the Latin America EV bike market.

iQSTEL, Inc. (OTCQB: IQST) reported an 88% revenue growth in Q2 FY-2021, reaching $30.3 million compared to $16.1 million in the same period of FY-2020. The company forecasts a total revenue of $60.5 million for FY-2021, bolstered by new product developments and ongoing mergers and acquisitions. CEO Leandro Iglesias emphasized the company's transition to a diversified telecom applications entity, targeting both B2B and B2C markets. iQSTEL aims to streamline operations for efficiency while pursuing expansion through M&A activity.

iQSTEL (OTCQB: IQST) has initiated the installation of 2,500 IoTSmartTank units for a Fortune 500 Chemical Company, with expectations to reach breakeven profitability. This engagement is anticipated to expand beyond the initial facility due to its positive trajectory since earlier tests this year. The technology division, coordinating multiple projects, aims to deliver customized solutions on time. The company operates in various sectors and maintains a diversified product portfolio, including telecom and fintech services.

iQSTEL, Inc. (OTCQB: IQST) reported preliminary Q2 2021 revenues of $15.5 million, outperforming the $5 million monthly average. Total revenue for the first half of 2021 reached $29.7 million, positioning the company on track to surpass its $60.5 million revenue forecast for the year. CEO Leandro Iglesias emphasized growth expectations in the second half of the year, citing upcoming initiatives such as MNPA, MAXMO, and IoTSmartTank that could enhance revenues and EBITDA.

iQSTEL, Inc. (OTCQB: IQST) announced the expansion of its Electric Vehicle One-Stop-Shop division (EVOSS), collaborating with Alternet Systems on an electric motorcycle initiative. The company aims to target the growing Latam market for low-cost electric motorcycles, leveraging partnerships and developed technology. Anticipating a Q4 rollout for its electric motorcycle, iQSTEL plans to integrate IoT connectivity and mobile applications. The CEO highlighted a strong business execution track record and ongoing innovation across its divisions as a foundation for future success.

Alternet Systems (ALYI) released a management update on June 18, 2021, outlining its electric motorcycle development program with MODUS and iQSTEL. ALYI's electric motorcycle pilot program in Africa is progressing, with 2000 units scheduled for delivery in Kenya. The company is finalizing the retro Revolt Electric Motorcycle design, with hundreds of reservations made. iQSTEL is developing a custom battery solution, while the UN's pilot in Kenya aims to gather insights for electric motorcycle deployment.

iQSTEL, Inc. (OTCQB: IQST) has launched a new Electric Vehicle (EV) Division aimed at expanding its operations in the EV sector. This initiative builds on the existing partnership with Alternet Systems, Inc. (OTC Pink: ALYI), focusing on developing an EV-Battery, IoTSmartEV device, and Motorcycle Dashboard Display. The division aims to create a comprehensive EV Battery solution, providing resources to enhance collaboration with ALYI and diversifying iQSTEL's growth potential in Latin America and Africa. Further news on the division's business and marketing plans is anticipated.