Business
IQST - iQSTEL Books $17 Million In Revenue For Month Of January 2024
NEW YORK, Feb. 6, 2024 /PRNewswire/ -- iQSTEL Inc. (OTC-QX: IQST) today announced the company realized $17 million in revenue for the month of January 2024
About this update from Iqstel Inc.
[{"type":"text","content":"NEW YORK, Feb. 6, 2024 /PRNewswire/ -- iQSTEL Inc. (OTC-QX: IQST) today announced the company realized $17 million in revenue for the month of January 2024 based on preliminary accounting. The gross profit for January also increased over the gross profit for December as the company continues to improve its operating margins. This revenue does not include any benefit from the recently announced acquisiton of QXTEL.\n\nMr. Iglesias commented: \"We have started 2024 with huge commercial momentum, separate from the benefit the QXTEL acquisition will add. When we announced becoming a company with a quarter billion in revenue on a yearly basis after the acquisition of QXTEL, we already believed we were going to have an extraordinay year. Now, with this Jannuary 2024 revenue, we will far excede even our previous extraordinary expectations for the next 12 months.\"\niQSTEL Growth and Performance Highlights\nAchieved positive operating income in Q3 2023 ahead of forecastSince Q3 2023, gross margin has been steadily increasingRecently announced agreement to aquire QXTEL bringing IQSTEL's revenue to a quarter billion annually (consider the following figures post aquistion):$700,000 revenue per day.$160,000 gross margin per week$60,000 operatring income per week (Telecom Division)Materials of the Shareholder meeting conducted January 31, 2024 \nVideoSlidesReplay of entire meetingResults of the Proxy VoteAbout 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 $140 million revenue based on preliminary accounting. iQSTEL's mission is to serve basic human needs in today's modern world by making the necessary tools accessible regardless of race, ethnicity, religion, socioeconomic status, or identity. iQSTEL recognizes that in today's modern world, the pursuit of the human hierarchy of needs (physiological, safety, relationship, esteem and self-actualization) is marginalized without access to ubiquitous communications, the freedom of virtual banking, clean affordable mobility and information and content. iQSTEL has 4 Business Divisions delivering accessibly to the necessary tools in today's pursuit of basic human needs: Telecommunications, Fintech, Electric Vehicles and Metaverse.\nThe Enhanced Telecommunications Services Division (Communicati...