iQSTEL Announces 2020 FY and Q2
Financial Figures: FY Revenues Surpass $16M and Q2 Net Income
Exceeds $1.2 Million, a Year-Over-Year Increase of 90% and 362%
Respectively
NEW YORK, NY -- August 12, 2020 -- InvestorsHub NewsWire --
iQSTEL Inc. (OTC:
IQST), a leading-edge 21st Century Enhanced Telecommunications
Service Provider, continues with record breaking financials as the
2020 Q2 net income entrenches the company’s growth road-map with
$1.2M+ in quarterly net income.
The growth throughout the 1st half of 2020 is a testament to the
business and acquisition strategies put in place over the past few
years. Combining key local and global agreements, iQSTEL continues
to expand with year to date revenues reaching $16.1M, a significant
increase from 2019’s year to date $8.4M. The 2020 Q2 net income
surpassed 2019’s Q2 figure of ($484k) by 362%.
Mr. Iglesias commented, “Our growth during 2020 has been
phenomenal and is attributed to our focus on strong carrier
agreements and strategic subsidiary acquisitions. While COVID-19
has significantly impacted the global economy, we have seen our
revenues continue to increase as we facilitate connectivity across
the telecom marketplace. The re-opening of various global economies
has further increased these beyond expectations. Our subsidiaries
shine as success stories, even at this early stage, as was seen in
our recent release detailing their individual net income.”
Further details will be available in our 10-Q filings expected
over next days.
About iQSTEL Inc.:
iQSTEL Inc (OTC:
IQST) www.iQSTEL.com is a
US-based publicly listed company offering leading-edge
21st Century Enhanced Telecommunications Services with a focus
on a wide range of cloud-based enhanced services to the Tier-1 and
Tier-2 carriers, corporate, enterprise, as well as the retail
market. iQSTEL through its subsidiaries Etelix, SwissLink, QGlobal
SMS, SMSDirectos, IoT Labs, IoT Smart Gas Platform, itsBchain
offers a "one-stop-shopping” for international and domestic VoIP
services, IP-PBX services, SMS exchange for A2P and P2P,
OmniChannel Marketing, Internet of Things (IoT) applications (IoT
Smart Gas Platform), 4G & 5G international infrastructure
connectivity, as well as blockchain-based platforms: Mobile Number
Portability Application (MNPA) and Settlement & Payments
Marketplace for VoIP, SMS and Data.
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 word. 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
iQSTEL (QX) (USOTC:IQST)
Historical Stock Chart
From Mar 2024 to Apr 2024
iQSTEL (QX) (USOTC:IQST)
Historical Stock Chart
From Apr 2023 to Apr 2024