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.
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.
iQSTEL, Inc. (OTCQX: IQST) announced a positive shareholder update highlighting its strong cash reserves, insulating the company from market volatility. CEO Leandro Iglesias reaffirmed the goal of achieving a $90 million revenue forecast for 2022 and emphasized that iQSTEL is not reliant on external capital. The company has seen growth in its Telecom business and its EV and fintech products, with acquisitions expected to add significant revenue. iQSTEL remains committed to a Nasdaq up-listing, with confidence that its performance will shine once market conditions improve.
iQSTEL, Inc. (OTCQX: IQST) has acquired Whisl Telecom, a U.S.-based telecommunications operator. The acquisition aims to enhance iQSTEL's portfolio, contributing an expected $5.6 million in revenue and $0.83 million in net income over the next year. With the control of 51% of Whisl for $1.25 million in cash and $550,000 in restricted shares, iQSTEL's recent acquisitions, including Smartbiz, are predicted to generate a combined annual revenue of $11.6 million. iQSTEL continues to expand its operations into various tech sectors, aiming for $90 million revenue and positive net income in FY-2022.
iQSTEL, Inc. (OTCQX: IQST) provided a shareholder update on April 22, 2022, highlighting its progress towards a $90 million revenue target and Nasdaq up-listing. The CEO noted a strong 44% revenue growth to $64.7 million and a 59% increase in gross profit in 2021. Although the company has yet to achieve net income positivity, it reported a 42% reduction in net loss. iQSTEL plans to enhance profitability through the introduction of higher-margin products within its customer base. The company remains optimistic about overcoming current market challenges.
iQSTEL, Inc. (OTCQX: IQST) announced its acquisition of Smartbiz Telecom, a profitable voice and SMS telecom operator in the US and Latin America. This move is expected to enhance iQSTEL's profitability, with Smartbiz projected to contribute $0.5 million in net income for FY 2022. The acquisition, valued at $1.8 million, allows iQSTEL to expand its US market footprint and utilize Smartbiz's established sales infrastructure. Both companies share a strong executive relationship, facilitating integration and enhancing cross-selling opportunities.
iQSTEL, Inc. (OTCQX: IQST) reported a 44% revenue increase in 2021, totaling $64.7 million, compared to $44.9 million in 2020. The gross profit grew by 59%, resulting in a 42% reduction in consolidated net loss, now at $3.86 million. The shareholder equity rose by 368% to $6.42 million.
CEO Leandro Iglesias expressed optimism about achieving 2022 goals based on these results.
iQSTEL, Inc. (OTCQX: IQST) reports preliminary Q1 2022 revenue of $19.3 million, a 37% increase from $14.2 million in Q1 2021. Compared to Q4 2021, this is a 9.5% rise. The company anticipates publishing its 2021 audited financial report, which is a step toward Nasdaq uplisting. CEO Leandro Iglesias predicts ongoing improvements in operational efficiency and profitability, aiming for a $90 million revenue forecast for 2022. iQSTEL emphasizes confidence in its growth trajectory, underpinned by strong historical performance.
iQSTEL, Inc. (OTCQX: IQST) announced plans to close three acquisitions by April 30, 2022, as part of its strategy to achieve a $90 million annual revenue forecast and uplist to Nasdaq in 2022. CEO Leandro Iglesias emphasized progress despite market challenges, highlighting the success of the EVOSS EV Motorcycle and the launch of the MAXMO fintech product. The company aims for strong revenue growth, particularly within its fintech division, which is projected to generate over $100 million within five years. Shareholders can expect detailed updates as acquisition closings approach.
iQSTEL (OTCQX: IQST) announces progress toward its objectives for 2022, aiming for $90 million in revenue and an uplisting to Nasdaq in the first half of the year. CEO Leandro Iglesias emphasizes commitment to these goals despite market challenges. Key initiatives include testing their EVOSS electric motorcycles, with promising demand from dealers and plans for a global fintech product launch. The company has begun the Nasdaq application process and remains optimistic about its financial performance and increased shareholder value.
iQSTEL (OTCQX: IQST) released a letter to shareholders emphasizing its commitment to 2022 revenue and Nasdaq uplisting goals despite global conflicts. CEO Leandro Iglesias highlighted the growing need for connectivity among the immigrant population, enhanced by their voice and SMS services, and the launch of the Global Money One MAXMO fintech ecosystem. He also noted the timely introduction of the EVOSS EV Motorcycle amid rising petroleum costs. The company is pursuing two acquisitions to boost revenue, aiming for a $1 billion valuation as it completes its Nasdaq application.