IQST - iQSTEL Reports 133% Revenue Growth to $29 Million for the 9 Months Ended September 30, 2020 Over the Same Period in 2019
November 16 2020 - 2:18PM
InvestorsHub NewsWire
New York, NY -- November 16, 2020 --
InvestorsHub NewsWire -- iQSTEL, Inc. (USOTC:
IQST), an
international telecommunication and fintech service
provider,
today announced reporting $29 million in revenue for the nine
months ended September 30, 2020 – a 133% increase over the $12
million reported for the same period the previous year. IQST
posted with the SEC its Form 10-Q including results of operations
for the 3rd quarter of the 2020 fiscal year on Friday,
November 13, 2020.
In addition to reporting dramatic revenue
growth, the company’s shareholder base has increased and now
exceeds 2,000. Despite the fact that the Company still
recorded losses for the three and nine months ended September 30,
2020 and 2019, the bottom line is improving and moving toward
profitability showing a loss of only
$0.01.
See the full
report:
https://www.otcmarkets.com/filing/html?id=14500913&guid=HXMeUqJE71zSi3h
Now that the company has published its Q3
earnings report, Goldman Small Cap Research plans to issue an
update to its recent Analyst Research Report published October
27th with a $0.54 Target PPS following
IQST.
See https://www.goldmanresearch.com/202010271291/Opportunity-Research/greatest-upside-limited-downside.html
The Q4 is on tracks, with a record revenue
of $5.1 Million in Oct 2020, we plan to surpass the $42 Million
revenue forecast with improved operating margins resulting from new
business initiatives oriented to increase gross profits. For
example, the execution of the LOI with Alternet Systems (ALYI)
ushering IQST’s entery into the Electric Vehicle (EV) Industry, and
the execution of the LOI with PayVMS for the development of the
VISAMoneyOne.com product, entering in the Financial Services
Industry.
About iQSTEL Inc
(Updated):
iQSTEL Inc
(OTC:
IQST) (www.iQSTEL.com)
is a US-based publicly-listed company offering leading-edge
Telecommunication and Technology Services for Global Markets, with
presence in 13 countries. The company provides services to
the Telecommunications, Financial Services, Liquid Fuel
Distribution and Electric Vehicle Industries. iQSTEL has 3 Business
Divisions: Telecom, Technology and Fintech, with worldwide B2B and
B2C customer relations operating through its subsidiaries: Etelix,
SwissLink, QGlobal SMS, SMSDirectos, IoT Labs, and itsBchain. The
Company has a extensive portfolio of products and services for its
clients: SMS, VoIP, 4G & 5G international infrastructure
connectivity, Cloud-PBX, OmniChannel Marketing, IoT Smart Gas
Platform, IoT Smart Electric Vehicle Platform, Mobile Number
Portability Application MNPA (Blockchain), Settlement &
Payments Marketplace (Blockchain), Visa Debit Card, Money
Remittance, Pay Mobile Phone Services among
others.
About Etelix.com
USA, LLC:
Etelix.com USA
LLC www.etelix.com is
a wholly owned subsidiary of iQSTEL Inc. Etelix.com USA, LLC is a
Miami, Florida-based international telecom carrier founded in 2008
that provides telecom and technology solutions worldwide, with
commercial presence in North America, Latin America, and Europe.
Enabled by its 214-license granted by the Federal Communications
Commission (FCC), Etelix provides International Long-Distance voice
services for Telecommunications Operators (ILD Wholesale), and
Submarine Fiber Optic Network capacity for internet (4G and 5G).
Etelix was founded in 2008 and has been profitable since
inception.
About SwissLink
Carrier AG:
SwissLink
Carrier AG www.swisslink-carrier.com is
a 51% owned subsidiary of iQSTEL Inc. SwissLink Carrier AG is a
Switzerland based international Telecommunications Carrier founded
in 2015 providing international VoIP connectivity worldwide, with
commercial presence in Europe, CIS and Latin America. SwissLink
Carrier AG is a Swiss licensed Operator, having a domestic
Interconnect with Swisscom, allowing their international Carrier
Customers direct terminations via SwissLink into all Switzerland
Fix & Mobile Networks. Since the takeover from Swissphone in
November 2018 and the rename into SwissLink, they operate on a
profitable level.
About QGlobal
SMS LLC.:
QGlobal SMS
LLC www.qglobalsms.com is
a 51% owned subsidiary of iQSTEL Inc. QGlobal SMS is a USA based
company and a commercial brand founded in 2020 specialized in
international and domestic SMS termination, with emphasis on the
Applications to Person (A2P) and Person to Person (P2P) for
Wholesale Carrier Market and Corporate Market in US. QGlobal SMS
has commercial presence in US, Mexico, Latin America, EMEA (Europe,
Middle East, Asia) and Africa, through our SMS service providers
based in Austin, TX and Miami, FL Our Austin-based SMS service
provider is specialized in the SMS traffic exchange between US and
Mexico, and our Miami-based SMS service provider is focused in the
development of Latin America and the rest of the world. QGlobal SMS
has robust international interconnection with Tier1 SMS
Aggregators, guarantying its customers high quality and low
termination rates, over more than 100 countries
worldwide.
About Alcyon
Cloud SMS S.A.S (Commercial
Brand SMSDirectos.com ):
Alcyon Cloud SMS
S.A.S. (Commercial Brand SMSDirectos.com),
is a whole subsidiary of QGlobal SMS, a Colombian-based Application
and Content Provider. Alcyon Cloud SMS (SMSDirectos.com) is
registered with the Secretary of Information and Communication
Technology (ICT) in Colombia, offering services to government,
enterprises, small and medium business, as well as end-users. Using
SMSDirectos’ existing network, they plan to expand services from
SMS to offer omnichannel products and services such as: SMS,
Emails, RCS (Rich Communications Services), Social Media Channels
(Whats App, Messenger, etc), WebRTC (Web Real-Time Communication),
VoIP (IP-PBX, SIP Trunking) ChatBots (Artificial Intelligence
Based), SMS to Email, and Email to
SMS.
About IoT Labs
MX SAPI:
IoT Labs MX
SAPI www.iotlabs.mx ,
a subsidiary of iQSTEL Inc, is an Internet of Things (IoT) Mexican
technology development company, creator of the “IoT Smart Gas”
Platform and Application. The IoT Smart Gas
platform www.iotsmartgas.com consists
of an IoT field device installed on the LP gas tank (adaptable to
virtually any gas or liquid storage tank) and, thanks to the
Internet of Things (IoT) technology via Sigfox or GSM network
connectivity, allows remote managed and improved logistic processes
of refilling, usage tracking and tank monitoring in real-time by
the Smart Gas mobile app. The new GSM tracking feature allows for
mobile use including ground, air, and sea tank
monitoring.
About itsBchain
LLC.:
itsBchain LLC www.itsBchain.com is
a 75% owned subsidiary of iQSTEL Inc. itsBchain is a blockchain
technology developer and solution provider, with a strong focus on
the telecom sector. The company is the final stage of
development of a series of blockchain solutions aimed at using the
blockchain ledger and smart contract solutions to enable more
efficiency, quickness in execution and fraud-prevention in the
telco industry. Specifically, the company is developing a
solution that will enable users and carriers to transfer mobile
phone numbers with just a few clicks, allowing users and carriers
the ability to transfer retail users from one mobile carrier
to another instantly. Additionally, the company is finalizing
a carrier-grade marketplace solution to procure payments between
carriers for cross-traffic of VoIP, SMS and data realtime as
traffic is crossed between carriers. This marketplace will
allow for instant payment settlement as well as the prevention of
fraud between carriers.
Safe Harbor
Statement: Statements in this news release may be
"forward-looking statements". Forward-looking statements include,
but are not limited to, statements that express our intentions,
beliefs, expectations, strategies, predictions or any other
statements relating to our future activities or other future events
or conditions. These statements are based on current expectations,
estimates and projections about our business based, in part, on
assumptions made by management. These statements are not guarantees
of future performance and involve risks, uncertainties and
assumptions that are difficult to predict. Therefore, actual
outcomes and results may, and are likely to, differ materially from
what is expressed or forecasted in forward-looking statements due
to numerous factors. Any forward-looking statements speak only as
of the date of this news release and iQSTEL Inc. undertakes no
obligation to update any forward-looking statement to reflect
events or circumstances after the date of this news
release.
iQSTEL
Inc.
IR US Phone:
646-740-0907, IR Email:
investors@iqstel.com
Source: iQSTEL
Inc. and its subsidiaries:
www.iqstel.com ; www.etelix.com ; www.swisslink-carrier.com ; www.qglobalsms.com ; www.smsdirectos.com ; www.iotlabs.mx ; www.iotsmartgas.com ; www.itsBchain.com
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