IQST - iQSTEL Q1 Record Breaking Revenue Exceeds $50M Not Including Recent Acquisition

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[{"type":"text","content":"NEW YORK, April 11, 2024 /PRNewswire/ -- iQSTEL Inc. (OTC-QX: IQST) today announced the company's FY-2024 Q1 record breaking revenue exceeds $50 million based on preliminary accounting. On April 1, 2024, the company acquired QXTEL. A Pro Forma financial statement was published on February 8, 2024. With the acquisition of QXTEL, iQSTEL is now a quarter billion dollar in revenue company.\n\n \n \n \n \n \n \n\n \nThe $50 million Q1 FY-2024 record breaking revenue results announced today do not include any benefit from the QXTEL acquisition. Management anticipates maintaining the recently established profitability trend that began Q3 FY-2023.\nAt the same time, management expects record breaking revenue, gross profit, operating income, and net income in Q2 FY-2024 when iQSTEL's results will include the benefit of the QXTEL acquisition for the first time.\nMr. Iglesias, iQSTEL CEO, commented: \"Our Telecommunications Business is advancing at a sky rocketing pace, and this is only the beginning. We anticipate achieving a seven digit positive operating income this year\".\nManagement plans to participate in a variety of interviews over the course of Q2. Stay tuned and look for an opportunity to ask management your own questions.\nAbout IQSTEL:\niQSTEL Inc. (OTC-QX: IQST) (www.iQSTEL.com) is a US-based, multinational publicly listed company preparing for a Nasdaq up-listing, that became in a quarter billion revenue company in FY2024. 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 (Communications) includes VoIP, SMS, International Fiber-Optic, Proprietary Internet of Things (IoT), and a Proprietary Mobile Portability Blockchain Platform.The Fintech Division (Financial ...

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