Commentary
After nearly four months of work, the FCC s Emergency
Broadband Benefit Program (EBBP) is poised to launch. Nearly 750
providers are qualified to offer EBB-supported services, with
discounts of up to $50 per subscriber ($75 in tribal areas) and
equipment reimbursement of up to $100 available. The FCC recently
conducted a webinar for consumer groups and outreach partners about
the program, and USAC has been testing connectivity with eligible
providers for the past couple of weeks. Earlier today, the FCC
announced that the EBBP will launch on Wednesday, May 12,
2021. Providers participating in the EBBP can begin enrolling
eligible households into the program to receive supported
Commentary
In March, the FCC and USAC worked hard to stand up the first of
three pandemic-related special programs, the Emergency Broadband
Benefit Program (EBBP). Rules for the $3.2 billion EBBP were
adopted in February and the Wireline Competition Bureau
(Bureau) issued milestones in March for ETC election notices,
non-ETC applications and applications to use alternative
verification systems. Acting Chairwoman Rosenworcel said in
mid-March that over 100 applications or election notices were filed
(we believe the number is much higher now); clearly the program is
attracting a lot of interest from service providers and, in
particular, from service providers that have not heretofore
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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.
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NEW YORK, Jan. 7, 2021 /PRNewswire/ iQSTEL, Inc. (USOTC: IQST) today announced achieving $44.8 million in revenue for FY-2020 based on preliminary results. The $44.8 million in revenue exceeds management s $42 million revenue forecast for FY-2020 by 6.8%, and represents a 148% increase over the $18 million in revenue reported in FY-2019.
Last month, in December 2020, IQST realized over $5 million in monthly revenue for a third consecutive month. The $5.1 million in revenue realized in December represents a 165% increase over the $1.9 million in revenue reported in December the previous year.
The three consecutive months exceeding $5 million in revenue resulted in a record quarter totaling $15.3 million for Q4 2020. The previous quarterly record was reported in Q3 2020 when revenue reached $13.3 million. The Q4 2020, $15.3 million in revenue is the third record revenue quarter in a row.