NEW YORK, Nov. 14, 2024 /PRNewswire/ — iQSTEL Inc. (OTCQX: IQST), a innovator in telecommunications and generation, proudly pronounces the reduce of its Q3 FY-2024 Shareholder Letter, coinciding with the SEC submitting of its 10-Q for the Q3. This letter showcases an strange quarter marked via strategic development, tough monetary efficiency, and important developments towards iQSTEL’s long-term visible, together with arrangements for a Nasdaq uplisting.

The Shareholder Letter covers key highlights for the nine-month duration ended September 30, 2024, showcasing iQSTEL’s fast earnings development, profitability in its core Telecom Category, and ongoing developments in high-margin, state-of-the-art merchandise together with AI and cybersecurity answers.

“We’re exceptionally proud of our achievements this quarter, and we believe our performance confirms the strength of iQSTEL’s strategy and position in the market,” stated Leandro Jose Iglesias, CEO of iQSTEL. “With record-breaking growth, innovative new offerings, and solid progress toward our Nasdaq uplisting, iQSTEL is positioned for unprecedented success as we look ahead to 2025 and beyond.”

In alignment with its constancy to changing into a $1 billion earnings corporate via 2027, iQSTEL has evolved a complete marketing strategy supported via its newly established company monetary making plans section. This section will paintings carefully with our subsidiaries on a per 30 days foundation to power bottom-line enhancements, surroundings the level for vital profitability positive aspects starting in FY-2025.

Moreover, iQSTEL’s Distant Board of Administrators and devoted investor bottom proceed to exhibit sturdy help for the corporate’s visible and development technique, underscoring our shared constancy to development a premier, high-growth generation powerhouse.

The Q3 Shareholder Letter highlights please see key traits:

• Document Earnings Enlargement: Earnings for the primary 9 months reached $184 million, an remarkable 89% year-over-year building up.
• Motivated FY-2024 Earnings Goal: iQSTEL objectives for a document $290 million in earnings for FY-2024, with sturdy expectancies for This autumn, pushed via its subsidiary QXTEL.
• Profitability in Telecom Category: The Telecom Category completed forged profitability, producing $548,274 in benefit for Q3 isolated.
• Strategic Value Financial savings: A consolidation technique inside the Telecom Category is anticipated to avoid wasting as much as $2 million every year.
• Nasdaq Uplisting Move: iQSTEL’s stockholders’ fairness has met Nasdaq’s minimal necessities, with ultimate funding cupboard variety underway to steer the uplisting procedure.
• World Succeed in: iQSTEL now operates with 100 workers throughout 20 nations, with six workplaces offering 24/7 help throughout 17 week zones.
• Forming of Prime-Tech, Prime-Margin Merchandise: The corporate has presented AI-driven AIRWEB.ai and making ready to origination a cybersecurity resolution in Q1 FY-2025.

The Shareholder Letter concludes with an constructive outlook for iQSTEL’s trajectory as the corporate continues to pursue its $1 billion earnings function via 2027.

The entire Shareholder Letter can also be discovered underneath:

Pricey Shareholders,

We’re delighted to offer our Q3 FY-2024 effects, which spotlight an strange duration of development and strategic development for iQSTEL. This quarter has firmly situated us on a trail to unheard of luck, and we’re desperate to percentage the certain advance we’re making.

1. Earnings and Profitability

Exceptional 9-Hour Earnings Enlargement
For the 9 months finishing September 30, 2024, iQSTEL’s earnings skyrocketed to $184 million—just about double endmost yr’s $97 million, reflecting a impressive 89% building up. This tough development underscores sturdy marketplace call for and our strategic enlargement, particularly in our Telecom Category, which rest our number one driving force of profitability and luck.

Motivated Complete-Occasion Earnings Goal
Our function for FY-2024 is $290 million in earnings. With an opening of $106 million excess to achieve this goal, we’re mobilizing each and every useful resource to near it. Traditionally, This autumn has been our most powerful quarter, and with QXTEL our global trade, we’re assured we can reach our projections and end the yr on a towering word.

Powerful Rude Benefit Bottom
Our improper benefit displays our skill to develop successfully and sustainably:

• 9 Months: Rude benefit surged to $5.6 million, up from $3 million in 2023.
• Quarterly: Q3 improper benefit doubled to $2 million, origination a constant quarterly benefit bottom.

Our solid trade platform now allows us to generate $2 million in improper benefit in step with quarter, paving the way in which for additional bottom-line enhancements thru consolidation and the migration to a unified telecom platform.

Particularly, in FY-2024, our improper margin has proven constant development, expanding from 2.68% in Q1 to 3.72% in Q3, a impressive 39% building up inside the yr. This advance underscores our center of attention on potency and profitability as we scale.

Consolidated Working Source of revenue

• 9 Months: Our working loss used to be $535,952, basically because of QXTEL integration bills.
• Quarterly: In Q3, our working loss narrowed to $56,553, bringing us nearer to the profitability threshold. Our Telecom Category remains to be a strong benefit engine, successfully overlaying the corporate’s core bills.

Telecom Category Profitability and Consolidation Technique
Our Telecom Category generated $548,274 in benefit for Q3, confirming its position as a gentle earnings supply. We’ve introduced a consolidation technique inside of this category, with possible impressive financial savings. Contemporary movements in Q4 with SwissLink and QGlobal SMS are totally aligned with this technique, and we’re making plans to start to display its results as early as This autumn of this yr.

2. Passion Expense

Passion bills rose to $1.5 million for the 9 months, basically because of strategic debt worn for development. We stay dedicated to keeping up long-term shareholder price via soaking up those hobby prices in lieu of choosing fairness dilution. Our exceptional percentage rely rest underneath 187 million stocks, which represents an building up not up to 9% as opposed to Dec 31, 2023. Particularly, our buyers have lately demonstrated their help via extending the maturity of our convertible notes by 12 months, with all notes now eager to mature in Q1 FY-2026.

3. Property and Liabilities

• Asset Enlargement: General belongings rose to $32.4 million, up from $22.2 million in 2023, reinforced via QXTEL favor and larger accounts receivable.
• Liabilities: Flow liabilities grew to $24.1 million, a degree we’re strategically managing to help endured development.

4. Money Tide and Liquidity

Our financing actions generated $6.2 million in money over the 9 months, supporting our acquisition and enlargement methods. We ended the quarter with a gentle $2.1 million in money, demonstrating efficient liquidity control as we scale.

5. Stockholders’ Fairness and Nasdaq Uplisting Readiness

iQSTEL’s stockholders’ fairness rose to $8.1 million, surpassing the minimal requirement of $5 million for a Nasdaq uplisting. We’re within the ultimate phases of settling on an funding cupboard to help us on this pivotal journey. Our function is to put iQSTEL as a $1 billion earnings corporate via 2027, and uplisting to Nasdaq is a an important step towards attaining this visible.

6. World Presence, Operational Succeed in, and branding

Our world achieve now spans 100 workers throughout 20 nations and 17 week zones with six workplaces international, offering 24/7 provider from California to Melbourne. This world presence allows us to successfully lend purchasers all over the world, reinforcing our place as a world participant. As a part of our Telecom Category’s consolidation, we’re optimizing our world community and operations to maximise potency.

The corporate has been taking part with ONAR, a marketing agency, to develop a comprehensive branding strategy for iQSTEL. Control appreciates that attaining our visible of turning into a $1 billion earnings company calls for origination sturdy logo reputation as a cornerstone of our development.

7. Innovation in Prime-Tech, Prime-Margin Merchandise

• Prime Margin Technique: iQSTEL has constructed connections with probably the most global’s greatest telecommunications firms, producing tens of millions in annual earnings. With those tough relationships, we’re i’m ready to increase our choices, that specialize in high-tech, high-margin merchandise.
• Cybersecurity: We’re taking part with Cycurion.com to launch a telecom-targeted cybersecurity service in Q1 FY-2025.
• AI Answers: Our recent launch of AIRWEB.ai has exceeded expectancies, attracting sturdy hobby with its independent plan and positioning us as a pace-setter in AI-enhanced telecom services and products.

Abstract

iQSTEL’s monetary and operational effects for Q3 and the primary 9 months of 2024 replicate transformative development and strategic enlargement. With a winning Telecom Category, a a hit QXTEL acquisition, and a forged fairness bottom, we’re well-prepared for our Nasdaq uplisting, a long-awaited function of our 22,000 shareholders.

Our newly established company monetary making plans section is started working carefully with our subsidiaries on a per 30 days foundation, enforcing a strong plan to power bottom-line effects founding in FY-2025. With a steadfast constancy from our Distant Board of Administrators and powerful investor help, iQSTEL is on an speeded up trail to changing into a $1 billion earnings powerhouse via 2027.

The day is shining, and we’re deeply thankful on your endured help and trust in our advance. In combination, let’s assemble this visible a truth.

Thanks on your endured help.

Sincerely,
Leandro Jose Iglesias
President & CEO, iQSTEL

About iQSTEL (Up to date Oct. 2024):

iQSTEL Inc. (OTC-QX: IQST) (www.iQSTEL.com) is a US-based multinational publicly indexed corporate within the ultimate phases of the trail to changing into indexed on NASDAQ. With FY2023 revenues of $144 million and a forecasted $290 million in earnings, along certain working source of revenue of 7 digits for FY-2024, iQSTEL is positioning itself for explosive development. iQSTEL’s challenge is to lend plain human wishes in nowadays’s fashionable global via making very important equipment available, irrespective of race, ethnicity, faith, socioeconomic condition, or id. The corporate appreciates that fashionable human wishes similar to physiological, protection, dating, kindness, and self-actualization are marginalized with out get admission to to ubiquitous communications, monetary liberty, blank, reasonably priced mobility, and data.

iQSTEL has been development a powerful trade platform with its shoppers, and via leveraging this agree with, the corporate is now starting to promote high-tech, high-margin merchandise throughout its categories. iQSTEL is strategically situated to reach $1 billion in earnings via 2027 thru natural development, acquisitions, and high-margin product enlargement.

• Telecommunications Services and products Category (Communications):
  Comprises VoIP, SMS, Global Fiber-Visual, Proprietary Web of Issues (IoT), and a Proprietary Cellular Portability Blockchain Platform.
• Fintech Category (Monetary Independence):
  Supplies remittance services and products, top-up services and products, a MasterCard Debit Card, US cupboard accounts (negative SSN required), and a Cellular App.
• Electrical Automobiles (EV) Category (Mobility):
  Offer Electrical Bikes and plans to origination a Mid-Velocity Automobile.
• Synthetic Wisdom (AI) Services and products Category (Data and Content material):
  Supplies AI answers for unified buyer engagement throughout internet and make contact with channels, at the side of a white-label platform providing seamless get admission to to services and products, leisure, and help in a digital 3-D interface.
• Cybersecurity Services and products:
  Thru a untouched partnership with Cycurion, iQSTEL will trade in complex cybersecurity answers, together with 24/7 tracking, blackmail detection, incident reaction, vulnerability exams, and compliance control, offering very important coverage to telecommunications purchasers and past.

iQSTEL has finished 11 acquisitions since June 2018 and continues to assemble an lively pipeline of possible day acquisitions, additional increasing its suite of services each organically and thru mergers and acquisitions.

Secure Harbor Observation: Statements on this information reduce could also be “forward-looking statements”. Ahead-looking statements come with, however aren’t restricted to, statements that categorical our intentions, ideals, expectancies, methods, predictions, or any alternative knowledge when it comes to our day actions or alternative day occasions or situations. Those statements are in accordance with wave expectancies, estimates, and projections about our trade founded partially on suppositions made via control. Those statements aren’t promises of day efficiency and contain dangers, uncertainties, and suppositions which might be tough to are expecting. Due to this fact, unedited results and effects would possibly and are more likely to vary materially from what’s expressed or forecasted in forward-looking statements because of diverse elements. Any forward-looking statements discuss simplest as of the month of this information reduce, and iQSTEL Inc. undertakes negative legal responsibility to replace any forward-looking commentary to replicate occasions or cases next the month of this information reduce. This press reduce does no longer represent a folk trade in of any securities on the market. Any securities presented privately might not be or have no longer been registered below the Business and is probably not presented or bought in the USA absent registration or an appropriate exemption from registration necessities.

Corporate Site
www.iqstel.com

SOURCE iQSTEL

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