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IQST - iQSTEL Shatters 2023 $120 Million Revenue Forecast Reaching $140 Million
NEW YORK, Jan. 5, 2024 /PRNewswire/ -- iQSTEL Inc. (OTC-QX: IQST) today announced exceeding its 2023 $120 million annual revenue forecast reaching $140
About this update from Iqstel Inc.
[{"type":"text","content":"NEW YORK, Jan. 5, 2024 /PRNewswire/ -- iQSTEL Inc. (OTC-QX: IQST) today announced exceeding its 2023 $120 million annual revenue forecast reaching $140 million based on preliminary accounting. The company's gross margin also continued to grow in Q4 after the operating income turned positive ahead of schedule in Q3. iQSTEL management plans to revise its original $145 million 2024 annual revenue forecast upward in light of today's announcement. The company recently filed a Definitive Proxy Statement in conjunction with an upcoming annual shareholder meeting scheduled on Wednesday January 31, 2024, at 10 am (EST). Look for more news coming soon in advance of the shareholder meeting.\n\n \n \n \n \n \n \n\n \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 $120 million revenue forecast. 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 Freedom) includes remittances services, top up services, Master Card Debit Card, a US Bank Account (No SSN required), and a Mobile App.The Electric Vehicles (EV) Division (Mobility) offers Electric Motorcycles and plans to launch a Mid Speed Cars.The Artificial Intelligence (AI)-Enhanced Metaverse Division (information and content) includes an enriched and immersive white label proprietary AI-Enhanced Metaverse platform to access products, services, content, entertainment, information, customer support, and more in a virtual 3D interface....