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NEW YORK, March 17, 2021 /PRNewswire/ iQSTEL, Inc. (USOTC: IQST), an international provider of Telecom, Technology, Fintech and Blockchain solutions, today announced its telecommunications subsidiary, SwissLink, is moving forward on a plan to implement network interconnection in Switzerland.
The network interconnection in Switzerland will effect an operating cost reduction and improve quality of service. While Switzerland is not a member of the European Union, it still enjoys special treatment for international telecommunications traffic in Europe.
The SwissLink operations is one of iQSTEL s top gross margin contributors and the network interconnection in Switzerland is anticipated to increase its gross margin contribution.
/PRNewswire/ iQSTEL, Inc. (USOTC: IQST), an international provider of Telecom, Technology, Fintech and Blockchain solutions, today announced revenues of.
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NEW YORK, March 4, 2021 /PRNewswire/ iQSTEL, Inc. (USOTC: IQST), an international provider of Telecom, Technology, Fintech and Blockchain solutions, today announced revenues of $4.8 million for January 2021 compared to $1.85 million in January 2020. January 2021 revenue is 258% higher than January 2020.
The iQSTEL revenue forecast for 2021 is $60.5 million. Management anticipates improving profit margins in 2021 in addition to growing revenues as iQSTEL consolidates its Telecom subsidiaries under a single brand name to improve marketing momentum and operating efficiencies. iQSTEL s revenue forecast for its Telecom Division is $55.1 million.
The additional $5.4 million of iQSTEL s $60.5 million revenue forecast is anticipated from the company s other growing, high margin business units including its Technology Division (IoT and Batteries for EV), Fintech Division (Visa Debit Card), Blockchain Division (MNPA).
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NEW YORK, Jan. 25, 2021 /PRNewswire/ iQSTEL, Inc. (USOTC: IQST) today announced that Goldman Small Cap Research has published an updated analyst report with a new target share price recommendation of $0.61, up from $0.54. Goldman further indicates the potential for IQST s share price to reach $1.00 later this year.
Goldman Highlights:
Based on its current valuation relative to its peer group and its entry into new, complementary high growth markets, IQST offers huge upside potential with limited downside risk.
Based on recent and future initiatives we are raising our 2020 revenue forecast to $44.8M, up from $42M and our 6-month target price to $0.61, up from $0.54, previously.
Dear Shareholders,
While 2020 was marked by the COVID-19 pandemic, with the closure of companies and countries completely paralyzed, iQSTEL was able to advance in the development of its business plan, reaching a $44.8 Million Preliminary Revenue Benchmark for FY-2020, and having a $60.5 Million Forecast Revenue for FY-2021. This was made possible by having a clearly defined vision and execution plan.
In the course of 2020, we incorporated three new subsidiaries into our business, with the acquisition of Qglobal, LLC and IoT Labs, LLC, and the creation of Global Money One, LLC. These three new companies, combined with our existing subsidiaries (Etelix, SwissLink and ItsBchain) create a portfolio of products and services well beyond just in the telecom arena.