Iqstel Stock Price, News & Analysis

iQSTEL, Inc. (OTCQX: IQST) released a shareholder letter from CEO Leandro Jose Iglesias, outlining the company's ongoing developments and response to the Covid-19 Omicron strain. The company reported a slight loss of $111k in Q3 but anticipates surpassing break-even soon. Revenue projections for 2021 have been raised from $60.5 million to $63 million, following $58 million in year-to-date revenue. Looking ahead, iQSTEL aims for $80 million in revenue for 2022 as it explores its Telecom division and other business lines while also pursuing a NASDAQ up-listing to enhance shareholder value.

iQSTEL, Inc. (OTCQX: IQST) announced a year-to-date revenue of $58 million as of November 30, 2021, with November revenue at $6.5 million. The company raised its fiscal year 2021 revenue forecast by 4% to $63 million. Management anticipates strong growth in its Telecom Business, projecting revenues of $80 million with higher margins expected from IoT, Blockchain, EV Motorcycles, and Fintech sectors in 2022. The company, which is debt-free, aims for profitability in the near term and continues its M&A activity.

iQSTEL, Inc. (OTCQX: IQST) reported a year-to-date revenue of $58 million as of November 30, 2021, with November alone contributing $6.5 million. The company is revising its revenue forecast for FY-2021 upwards by 4% to $63 million, exceeding the previous estimate of $60.5 million. Additionally, iQSTEL expects its Telecom Business, bolstered by the upcoming acquisition of Smartbiz, to generate $80 million in projected revenue. Management aims for consolidated positive net income in 2022, with a strong emphasis on profitability.

iQSTEL (OTCQX: IQST) reported significant financial progress in Q3 2021. The company achieved a 59% revenue increase to $46.84 million year-to-date compared to $29.44 million in 2020. Gross profit rose by 95%, reaching $1.37 million. iQSTEL is now debt-free, having eliminated $8.43 million in dilutive debt. The letter emphasizes future growth through new technologies and products, targeting a total market of over $100 billion. Optimistic about achieving its $60.5 million revenue forecast, the company aims for Nasdaq listing and continuous development in various sectors.

iQSTEL, Inc. (OTCQX: IQST) announced the commencement of manufacturing for its EVOSS electric motorcycles, set to begin next week. Deliveries will target markets in the USA, Latin America, and the EU, with the first batches expected to be completed by the end of the fiscal year. The initial production includes models EVOSS 250, 350, and 450, featuring various motor capacities and a range of up to 150 km per charge. The CEO emphasized the company's objective to penetrate the EV motorcycle market and establish dealer networks in these regions.

iQSTEL, Inc. (OTCQX: IQST) has appointed Jose Antonio (Tony) Abdo as the new CEO of its EVOSS B2C Division, also taking on the role of Senior VP of Business Development. His mission includes accelerating the company's EV and FinTech initiatives and developing partnerships with major firms and government entities. With over 30 years of telecom experience in LATAM, Abdo aims to leverage his relationships to boost iQSTEL's EV distribution network and introduce its FinTech products. The company remains debt-free, with an upcoming launch of motorcycle production and FinTech services.

iQSTEL, Inc. (OTCQX: IQST) reported a 24% revenue growth for Q3 2021 compared to the same period last year, achieving $16.5 million in revenue and $46.8 million YTD as of September 30, 2021. Management expects to surpass its annual revenue forecast of $60.5 million. CEO Leandro Iglesias highlighted ongoing consolidation efforts in the B2B division and the introduction of new products, including MNPA-Blockchain and IQBatteries-EV. The company is debt-free and has operations in 15 countries, targeting various global markets.

iQSTEL (OTCQX: IQST) announced the successful completion of mechanical and performance tests for its EVOSS EV Motorcycle Beta Prototype. Deliveries are on track for year-end. The integration of iQSTEL’s IoT Smart EV technology will enhance the motorcycle with ongoing operational and maintenance support. Customers will also access the Global Money One (MAXMO/VIMO) US Debit Card Ecosystem for purchase financing and future insurance options. CEO Leandro Iglesias confirmed plans for the first production batch aimed at Latin America.

iQSTEL, Inc. (OTCQX: IQST) is set to deliver its first batch of EVOSS EV Motorcycles to Latin America by year-end 2021. The company is producing four models with options of 2 kW and 3 kW motors and 50 amp-h and 75 amp-h batteries, tailored for various consumer needs. Each motorcycle features a removable 72 Volt battery, offering a range of 100 km per charge. The CEO emphasized the importance of differentiated features and aims for a significant market presence in Latin America.