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IQST - iQSTEL Announces $27M In Revenue for the Month of April; Company Could Surpass $250M in Revenue for FY 2024
NEW YORK, May 6, 2024 /PRNewswire/ -- iQSTEL Inc. (OTC-QX: IQST) (www.iQSTEL.com) a US-based, multinational, fully reporting and audited publicly listed
About this update from Iqstel Inc.
[{"type":"text","content":"NEW YORK, May 6, 2024 /PRNewswire/ -- iQSTEL Inc. (OTC-QX: IQST) (www.iQSTEL.com) a US-based, multinational, fully reporting and audited publicly listed telecommunications and technology company preparing for a Nasdaq up-listing today announced achieving $27 million in revenue for the month of April based on preliminary accounting. \n\n \n \n \n \n \n \n\n \nManagement highlights that the April results indicate the company could exceed $250 million in revenue by year end FY2024. While iQSTEL recently announced a strategic acquisition bringing the company's forward looking annualized revenue to over $250 million, achieving $250 million by year end FY2024 would surpass expectations.\nThe company's gross profit surpassed $600,000 in April. The company achieved consistent operational profitability in Q3 last year. Management anticipates the profitability trend to continue with the company posting close to $2 million in gross profit per quarter.\nThe company recently reported more than $50 Million revenue for Q1 FY2024, and now is reporting $27M just for the month of April alone. Additionally, the Q2 gross profit per month is almost double the Q1 gross profit per month.\niQSTEL CEO Leandro Iglesias stated: \"We are thrilled to be heading into the International Telecom Week (ITW) Conference in Washington DC having recently achieved status as a quarter billion dollar company. We have started this fiscal year with skyrocketing growth. We expect to have a notable Prescence at ITW. I look forward to sharing our experience with you.\"\nITW (https://www.internationaltelecomsweek.com) is the world's largest summit for digital infrastructure executives. More than 7,000 people from 125 countries, many from the largest operators in the world, are expected to attend this year's conference in National Harbor, Maryland. The agenda offers a broad range of topic tracks for the telecoms industry, including Future Networks, Digital Divide, SatCom and Data Center.\nAbout IQSTEL:\niQSTEL Inc. (OTC-QX: IQST) (www.iQSTEL.com) is a US-based, multinational publicly listed company preparing for a Nasdaq up-listing with an FY2023 $144 million revenue, and with a Quarter Billion Dollar Revenue forecast and a Positive Operating Income of 7 digits forecast for FY-2024. iQSTEL's mission is to serve basic human needs in today's modern world by making the necessary...