High Margin SMS Operations Generate 65% And Prepaid Revenue Drives 60% Of iQSTEL, Inc.’s. Q2 Revenues For 2020
iQSTEL, Inc.’s (OTC: IQST) sales for Q2 2020 not only spiked more than $11 million, a majority of the volume was rich with prepaid or SMS operations. Some 65% of the revenues were generated by high margin SMS operations. About 60% of the Q2 2020 sales came from prepaid revenues. The total sales of $11+ million were far higher than the $9 million projected by the Company for the quarter.
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High Margin SMS Operations Generate 65% And Prepaid Revenue Drives 60% Of iQSTEL, Inc.’s (OTC: IQST) Q2 Revenues For 2020
June 2020 revenues jumped 190%, driving the Q2 increase, with sales of greater than $4.2 million compared to $1.44 million in June 2019. Mr. Iglesias, CEO, said, “Q3 and Q4 are lining up to be very exciting and we look forward to providing updates as we reach new milestones.” The Q2 2020 volume was not only significantly higher, but also featured a majority share of SMS operations and prepaid revenue. High Margin SMS Operations Generate 65% And Prepaid Revenue Drives 60% Of iQSTEL, Inc.’s (OTC: IQST) Q2 Revenues For 2020.
The Outlook For Sales In Q3 ND Q4 Is Seen As ‘Very Exciting” By Mr. Iglesias, CEO of iQSTEL, Inc.(OTC: IQST)
Mr. Iglesias, CEO of iQSTEL, Inc.’s (OTC: IQST), said, “We appreciate our shareholders’ patience during the past few months as we worked to reduce our convertible debt and completed the various mergers and acquisitions. The results so far speak for themselves. We also thank the entire iSTEL family for their dedication and belief in our business model.” After Reporting Red Hot Sales For The First Half Of 2020, iQSTEL, Inc.(OTC: IQST) Is Primed For Q3 And Q4 2020 Revenue To Be “Very Exciting” Says Mr. Iglesias, CEO of iQSTEL, Inc.’s (OTC: IQST). High Margin SMS Operations Generate 65% And Prepaid Revenue Drives 60% Of iQSTEL, Inc.’s (OTC: IQST) Q2 Revenues For 2020.
Sales Also Spiked For iQSTEL (OTC: IQST) In Q1 2020
The new report of Q2’s 2020 fantastic revenue gains follows the iQSTEL, Inc. (OTC: IQST) record setting 20% jump in year-over-year Q1 revenues to $4,980,151. The performance of key subsidiary QGlobal SMS were scheduled to be booked in the second quarter of the year. At that time, the company projected its sales would reach $9+ million in Q2. Instead, it achieved Q2 2020 volume of greater than $11 million — shattering that estimate. The organic and acquisition growth by iQSTEL (OTC: IQST) for the period was reported by the Company in an SEC filing, with complete financial results and in-depth filing once the 10Q file is completed, the company said.
SMS Operations Represent 65% of iQSTEL, Inc.’s (OTC: IQST) Revenues In Q2 2020
The new report indicates that the Company received 60% of its sales in prepaid revenue. Additionally, SMS operations represented 65% of iQSTEL, Inc.’s (OTC: IQST) revenue stream.
iQSTEL, Inc. Announces 20% Jump In Q1 Revenues To $5 Million.
iQSTEL, Inc.’s (OTC: IQST) Business Model Of QGlobal SMS Is Proving Successful
Miami-based QGlobal SMS’ business revenue diversification model is proving to be successful, according to iQSTEL, Inc. (OTC: IQST). The SMS market is seen by Grand View Research as growing at a CAGR of 20% through 2025 in the U.S., reflecting a switch from traditional marketing methods — increasing ROIs and reducing costs.
iQSTEL, Inc. (OTC: IQST) Grows Network Of Subsidiaries
The parent company owns a 75% stake in blockchain subsidiary itsBchain LLC, iQSTEL Inc. (OTC: IQST) wholly owns Miami-based subsidiary, Etelix.com USA, LLC, an American-based 5G provider of Submarine Fiber Optic Network capacity for internet (4G and 5G). It owns 51% of SwissLink Carrier AG. SwissLink Carrier AG provides international VoIP connectivity worldwide and more. It owns 51% of QGlobal SMS LLC, a U.S.-based company which has international interconnection with Tier 1 SMS aggregators to more than 100 countries worldwide. It has acquired 51% of an Austin, Texas-based SMS U.S.-Mexico Service provider. Most recently it acquired IoT Labs MX SAPI. This Internet of Things (IoT) company is the creator of the “IoT Smart Gas” platform and application.
Source: Stock Market Press
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