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. (OTCQB: IQST) announced a Road Show for its B2B IQSTelecom Division starting September 22 at the WHOLESALE WORLD CONGRESS in Madrid. The event will feature senior management and focus on strategic meetings related to its M&A campaign. Recently reorganized, IQSTelecom includes wholesale telecommunication services and aims to enhance sales and profits through optimized cross-selling and reduced back-office expenses. Changes in branding are set to maintain existing commercial agreements while transitioning names for Etelix and SwissLink to IQSTelecom America and Europe.
iQSTEL, Inc. (OTCQB: IQST) has announced plans to produce its first batch of EVOSS EV Motorcycles, with the design 90% complete. A purchase order is expected imminently, and manufacturing in China is anticipated to be finished by December. Management aims to receive the first motorcycles on-site, contingent on Covid-19 restrictions. This pilot batch will test quality and performance in Latin America, aimed at establishing EVOSS as a key player in the region's EV market over the next 3 to 5 years.
iQSTEL, Inc. (OTCQB: IQST) reported August 2021 revenues of $5.7 million, a 30% increase from August 2020, marking five consecutive months exceeding $5 million. The year-to-date revenue totals $41.23 million, positioning the company to potentially surpass its $60.5 million revenue forecast for 2021 if the current pace continues over the next four months. iQSTEL operates in telecommunications, technology, and fintech across 15 countries, offering services including VoIP, EV solutions, and blockchain technology.
iQSTEL, Inc. (OTCQB: IQST) has executed a Letter of Intent (LOI) with a prominent Chinese electric vehicle manufacturer for producing high-performance electric motorcycles under the EVoss brand. A definitive agreement is in progress, aiming for the first EVoss motorcycle launch in Latin America, with a 30-day delivery commitment post-purchase order. The partnership also includes engineering support, spare parts supply, and battery manufacturing. iQSTEL's CEO highlighted the strategic importance of this collaboration, noting China's dominant EV motorcycle market.
iQSTEL (OTCQB: IQST) announced its application for OTCQX, aiming to enhance its governance and transparency in preparation for a Nasdaq uplisting. This certification, likened to a prestigious 'platinum club', is anticipated to add immediate shareholder value and align with Nasdaq standards. The company recently reorganized into two divisions, IQSTelecom and EVOSS, to improve customer engagement. CEO Mr. Iglesias stated that each milestone toward a Nasdaq uplisting contributes to shareholders' value. iQSTEL operates in telecommunications, fintech, and electric vehicles across 15 countries.
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.