Welcome to our dedicated page for Iqstel news (Ticker: IQST), a resource for investors and traders seeking the latest updates and insights on Iqstel stock.
IQSTEL Inc. reports developments across its global telecommunications and technology platform, including telecom operator relationships, fintech services, AI-powered communications, cybersecurity initiatives and digital-service expansion. Company updates frequently address financial results, margin and EBITDA priorities, platform consolidation, shareholder communications and investor presentations.
Recurring IQST news also covers product and strategy announcements such as the IQCortex AI orchestration platform, efforts to commercialize higher-margin technology services through telecom channels, and capital-structure actions tied to common stock, preferred stock and shareholder distributions.
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iQSTEL Inc. (OTCQX: IQST) announced a Q1 2023 revenue of $22.9 million, marking an 18% increase year-over-year. The company's gross profit reached approximately $780,000, a 36% growth compared to Q1 2022. Full-year 2022 revenue was $93.2 million, a 44% increase from 2021, with a gross profit of nearly $1.8 million. Q1 2023's gross profit already represents 43% of the gross profit reported for the entire year in 2022. CEO Leandro Iglesias expressed confidence in meeting or exceeding the $105 million revenue forecast for 2023, citing improved profit margins and operational efficiency. The company has completed 10 acquisitions since June 2018 and is preparing for a Nasdaq up-listing.
iQSTEL Inc. (OTCQX: IQST) has addressed shareholders in a letter detailing its financial results for the year ending December 31, 2022. The company reported a revenue increase of 44% over the past two years, reaching $93.2 million in 2022, with a projected $105 million for 2023. Gross profit also grew by 16.81%. While total liabilities increased, key financial ratios indicated stability, with a current ratio of 1.00. Operating expenses dropped significantly from 6.98% of revenue in 2021 to 5.35% in 2022. Despite a net loss of $6.7 million, management remains optimistic about achieving positive operating income in 2023, backed by their history of acquisitions, which have enhanced company value. iQSTEL aims for a Nasdaq uplisting and continues to focus on its mission of addressing fundamental human needs through telecommunications and other services.
iQSTEL Inc. (OTCQX: IQST) has announced plans to file an extension for its 2022 Annual Report and audited financial statement, allowing more time for review due to significant growth. Revenue is projected to rise from $13.7 million in 2018 to $93 million in 2022, fueled by both organic expansion and acquisitions. The report will consolidate results from nine operations, including new acquisitions. The company aims to meet Nasdaq up-listing standards by enhancing disclosure practices. CEO Leandro Iglesias reassures shareholders of the continued commitment to delivering strong results in the coming years.