Skip to main content

iQSTEL, Inc. Stays On Pace For Record-Setting Revenues Of $60.5 Million; Posts 88% Surge In YTD Sales (OTCQB: IQST)

iQSTEL, Inc. (OTCQB: IQST) stock may be under pressure with the rest of the small-cap sector, but its operational performance is certainly in hyper-growth mode. On Thursday, IQST published an earnings review and guidance. The message- IQST is accelerating its pace of growth.

Its update followed the release of its Q2 financial statement for FY-2021 showing revenue growth to $30.3 Million in the year to date. That compared to $16.1 for the same period last year. Better still, IQST reiterated that its year-end revenues target of reaching $60.5 by the end of its FY21 remains in its crosshairs. In fact, they are on pace to exceed that goal.

The growth continues across the board, with YTD performance in all its divisions experiencing growth. Further, new product developments and operational efficiencies are expected to strengthen margins and accelerate growth in the coming weeks and quarters.

Its ongoing merger and acquisition (M&A) campaign also remain intact, adding to its revenue-generating momentum. Most recently, IQST has expanded and transformed its core business to business (B2B) telecommunication services base operation to become a multifaceted, diversified high-tech telecom applications company servicing both business (B2B) and consumer (B2C) clients.

M&A Activity Continues

Notably, its $60.5 million forecast does not include sales expected from new products already through development and in the process of implementation. Moreover, with more M&A activity expected this year, that target, while impressive, could fall meaningfully short of guidance. Of course, that's great news for investors.

Even better, IQST says it is growing with economies of scale, with past mergers and acquisitions substantially reducing operating redundancies. Strengthening that metric further, the company said it is consolidating operations to both reduce overhead by making processes more efficient and, at the same time, increase sales.

Moreover, expect more than cost savings. The strategy also attracts new business from complimentary services through cross-selling services from one operation into the customer base of another.

That strategy is already adding traction to its growth. Already, it helped expand its base business from providing telecommunication services to other telecom companies in a business-to-business (B2B) relationship providing a wide range of telecom applications to businesses in an ongoing B2B relationship and a business-to-consumer (B2C) relationship.

Moving forward, IQST plans to organize the company into two divisions – A B2B Division and a B2C Division, with some brand, management, budget, marketing, and commercial strategy independence of each other. According to IQST, the B2B Division will focus on the Telecom, Internet of Things, Blockchain market sectors, consisting of its Etelix, SwissLink, QGlobal, Smsdirectos, IoT Labs, and itsBchain operating units. Its B2C Division will focus on the Electric Vehicle and Fintech market sectors and its EVoss and Global Money One operating units.

A program that could be a revenue driver sooner rather than later is its MNPA (Blockchain) business. It adds to value created from its IoTSmartTank (2,500 devices for 500 fortune chemical corporation) and MAXMO (MasterCard FinTech Ecosystem). Those initiatives are expected to contribute to revenues substantially in the second half of 2021 by leveraging current and new products that include its Enhanced Batteries, Internet of Things, and Heads Up Display for the Revolt Ecosystem. Its independent EVoss Electric Motorcycle products for Latin America, Visa Money One (VIMO) offering, and IoT Smart Gas and Tank device also add to the value proposition.

Best of all, IQST remains intensely focused on reaching its uplisting objective. Indeed, once achieved, it brings a whole new level of attention to the company. It will also provide a more orderly market where valuations are based on revenues, guidance, and performance. Hence, while its share price may be under pressure today, likely from its Reg A offering that is near complete, expect a breakout higher as fundamentals catch up with performance.

Undoubtedly, IQST is an under-the-radar superstar. Few, if any, can post the numbers or make the claims that they do. And that keeps IQST a stock to watch, and more importantly, an investment to consider.

 

Disclaimers: Hawk Point Media Group, LLC. (Hawk Point Media) is responsible for the production and distribution of this content. Hawk Point Media is not operated by a licensed broker, a dealer, or a registered investment adviser. It should be expressly understood that under no circumstances does any information published herein represent a recommendation to buy or sell a security. Our reports/releases are a commercial advertisement and are for general information purposes ONLY. We are engaged in the business of marketing and advertising companies for monetary compensation. Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. The information made available by Hawk Point Media is not intended to be, nor does it constitute, investment advice or recommendations. The contributors may buy and sell securities before and after any particular article, report and publication. In no event shall Hawk Point Media be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or made available by Hawk Point Media, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information in this video, article, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. Hawk Point Media strongly urges you conduct a complete and independent investigation of the respective companies and consideration of all pertinent risks. Readers are advised to review SEC periodic reports: Forms 10-Q, 10K, Form 8-K, insider reports, Forms 3, 4, 5 Schedule 13D. For some content, Hawk Point Media, its authors, contributors, or its agents, may be compensated for preparing research, video graphics, and editorial content. As part of that content, readers, subscribers, and website viewers, are expected to read the full disclaimers and financial disclosures statement that can be found by clicking HERE.

The Private Securities Litigation Reform Act of 1995 provides investors a safe harbor in regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact may be forward looking statements. Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements indicating certain actions & quote; may, could, or might occur. Understand there is no guarantee past performance will be indicative of future results.Investing in micro-cap and growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investors investment may be lost or impaired due to the speculative nature of the companies profiled.

Media Contact
Company Name: Hawk Point Media
Contact Person: Ken Lawrence
Email: info@hawkpointmedia.com
Phone: 3057806988
City: Miami Beach
State: Florida
Country: United States
Website: https://www.iqstel.com/


Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.