STOCK TITAN
  1. Home
  2. News
  3. IQST

iQSTEL Inc - IQST STOCK NEWS

Welcome to our dedicated news page for iQSTEL (Ticker: IQST), a resource for investors and traders seeking the latest updates and insights on iQSTEL.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect iQSTEL's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of iQSTEL's position in the market.

News
IQST - iQSTEL and QXTEL Announce a Deal To Become Quarter Billion Revenue Corporation
Rhea-AI Summary
iQSTEL Inc. (IQST) has announced an agreement to acquire 51% of QXTEL LTD., a London-based Telecommunications Services Provider, adding QXTEL to its Telecom Division. The addition of QXTEL is expected to add over $80 million in annual revenue, with combined sales projected to reach $250 million annually. iQSTEL achieved a consolidated positive operating income in Q3 of 2023, ahead of forecast, and expects the addition of QXTEL to further boost its Telecom Division to forecast $3 million of positive operating income annually. The founders and management of QXTEL share iQSTEL's vision to become one of the major international wholesale telecommunications operators, providing voice, messaging, and enhanced value-added services. The acquisition is expected to put the combined company in the select list of top operators. The companies expect to finalize and close the acquisition agreement within the next 60 days, with additional details to be released before the IQSTEL shareholders meeting.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
20.25%
Tags
none
-
News
IQST - iQSTEL 2023 Revenue Increases By 50% To $140M Delivering Revenue Per Share (RPS) Of $0.81
Rhea-AI Summary
iQSTEL Inc. (IQST) reports a 50% revenue growth to $140 million in 2023, delivering $0.81 per share compared to $0.57 per share in 2022. The company's gross margin increased in Q4-2023, with operating income turning positive ahead of schedule in Q3-2023. Management anticipates continued rapid growth in revenue and margins in 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.24%
Tags
none
-
News
IQST - iQSTEL Shatters 2023 $120 Million Revenue Forecast Reaching $140 Million
Rhea-AI Summary
iQSTEL Inc. (IQST) exceeded its 2023 $120 million annual revenue forecast, reaching $140 million based on preliminary accounting. The company's gross margin continued to grow in Q4 after the operating income turned positive ahead of schedule in Q3. Management plans to revise its original $145 million 2024 annual revenue forecast upward. The company filed a Definitive Proxy Statement for an upcoming annual shareholder meeting scheduled on Wednesday January 31, 2024, at 10 am (EST).
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.88%
Tags
none
News
IQST - iQSTEL Exceeds $120 Million 2023 Annual Revenue Forecast Before EOY
Rhea-AI Summary
iQSTEL Inc. (OTC-QX: IQST) has exceeded its FY-2023 $120 million annual revenue forecast based on preliminary accounting. The company CEO, Leandro Iglesias, has published the first of two shareholder letters to review the highlights of the company's 2023 performance and outline plans for continued growth in 2024. The company also announced a $145 million revenue forecast for FY-2024, excluding contributions from anticipated acquisitions. iQSTEL has achieved consolidated operational profitability earlier than anticipated and aims to maintain it. The company is optimistic about a reduction in interest rates and improving investment environment for growth companies in 2024. iQSTEL plans to increase revenue and bottom line contribution of its Telecommunications division and reduce Pubco expenses. The company is also looking forward to two target telecommunication acquisitions in 2024 and aims to uplist to Nasdaq.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.77%
Tags
none
-
News
IQST - iQSTEL Announces $145 Million 2024 Annual Revenue Forecast
Rhea-AI Summary
iQSTEL Inc. (IQST) announces a $145 million revenue forecast for FY 2024, expecting to exceed its $120 million FY 2023 forecast. With a recent 81% revenue growth in Q3 FY 2023 to $39.8 million and positive operating income, the company attributes its success to streamlined operations, standard operating procedures, and new product offerings. iQSTEL aims to increase gross margins and anticipates further growth, demonstrating a 10x revenue increase since 2018 and plans to up-list to Nasdaq.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.27%
Tags
none
-
News
IQST - iQSTEL Announces YTD Revenue Exceeding $110M After Reporting Profitable Q3
Rhea-AI Summary
iQSTEL Inc. (OTC-QX: IQST) announced that its year-to-date revenue exceeds $110 million, with Q3 FY2023 revenue reaching a record high of $39.8 million, an 81% increase over the previous year. The company achieved positive operating and net income in Q3, one quarter earlier than forecasted. These results position iQSTEL for continued growth and potential uplisting to Nasdaq.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.06%
Tags
none
News
IQST - iQSTEL Announces Profitable Q3 Results On 81% Revenue Growth To $39.8M
Rhea-AI Summary
iQSTEL Inc. (OTC-QX: IQST) reports record high quarterly revenue of $39.8 million for Q3 FY2023, an 81% increase from the same period in the previous year. The company's YTD revenue of $97.2 million exceeds the $120 million annual forecast. Additionally, iQSTEL achieved positive operating and net income in Q3, one quarter earlier than forecasted.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.15%
Tags
none
-
News
IQST - iQSTEL Announces $100 Million YTD Revenue Exceeding Forecast
Rhea-AI Summary
iQSTEL Inc. reports year-to-date revenue of $100 million through Q3, exceeding last year's revenue by 54% and expects to surpass $120 million forecast for year-end 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.33%
Tags
none
-
News
IQST - iQSTEL Signs $10M Term Sheet with LDA Capital to Back Nasdaq Uplist Plan
Rhea-AI Summary
iQSTEL Inc. announces executing a term sheet with LDA Capital for $10 million as part of its plan to uplist onto the Nasdaq Stock Market. iQSTEL reported $93.2 million in revenue last year and is on track to meet or exceed its $120 million 2023 revenue forecast. The $10 million investment is expected in two tranches, with the first $5 million to be placed in exchange for a 24-month bond. The second $5 million is expected following a successful uplisting to Nasdaq. Management believes the partnership may bring new market visibility and elevate iQSTEL's market cap. iQSTEL and LDA Capital are beginning a 30-day due diligence engagement.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
23.08%
Tags
none
News
IQST - iQSTEL Announces $83 Million YTD Revenue Besting Forecasted Rate
Rhea-AI Summary
iQSTEL Inc. has achieved over $13 million in revenue in both July and August, putting them on track to reach over $130 million in annual revenue, surpassing their $120 million forecast. The company reported $57.5 million in revenue for the first six months of the year, with year-to-date revenue through August exceeding $83 million. iQSTEL's core telecommunications operating income is also on track to increase, with positive trends in their SwissLink 2.0 operation and anticipated positive operating income for Q3 in their QGlobal SMS business. The company plans to expand its new operations and recently launched an AI-Enhanced Metaverse App V1.2, with potential engagements from a retail company and a global bank.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
10.59%
Tags
none
Stock IQST logo
iQSTEL Inc

OTC:IQST

IQST Rankings

N/A Ranked by Market Cap
N/A Ranked by Stock Gains
N/A Ranked by Dividends

IQST Stock Data

64.36M
173.72M
1.48%
0.01%
Telecom Services
Communication Services
Link
US
Coral Gables