iQSTEL, Inc. Announces 20% Jump In Q1 Revenues To $5 Million, Projects $9+ Million In Q2
iQSTEL, Inc. (OTC: IQST) today (May 7, 2020) announces continuation of record setting growth for 2020 with a 20% jump in year-over-year Q1 revenues to $4,980,151, minus the inclusion of sales of key subsidiary QGlobal SMS. Those numbers will be booked in the second quarter of the year when the company sees its sales reaching $9+ million. On an annualized basis, QGlobal SMS revenue is estimated at $30 million.
Media companies such as Stock Market Press are reporting on the fast growing telecommunications market. It keeps readers up to date on company stocks such as iQSTEL Inc. (OTC: IQST), Motorola Solutions, Inc. (NYSE: MSI), China Mobile Limited (NYSE: CHL),Verizon (NYSE: VZ), AT&T Inc. (NYSE: T), T-Mobile US (NASDAQ: TMUS) and Ericsson (NASDAQ: ERIC), HIVE Blockchain Technologies Ltd. ( (OTC: HVBTF) and Long Blockchain Corp. (OTC: LBCC). Also covered are trends by semiconductor manufacturers Qualcomm (NASDAQ: QCOM), Qorvo (NASDAQ: QRVO) and Skyworks Solutions (NASDAQ: SWKS), among others.
iQSTEL, Inc. (OTC: IQST) Announces 20% Jump In Q1 Revenues To $5 Million, Projects $9+ Million In Q2
The QGlobal SMS performance was not included in iQSTEL, Inc.’s (OTC: IQST) Q1 numbers due to subsidiary formation. Instead, those figures will be included in the parent company’s Q2 totals when $9+ million revenues are forecast. On a yearly basis, QGlobal SMS volume is estimated at some $30 million, the company said.
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). According to Mr. Iglesias, CEO of iQSTEL, “QGlobal’s business revenue diversification of 60% SMS and 40% VoIP is proving to be a successful model with more than 98% of our SMS revenue coming from pre-paid customers.” iQSTEL, Inc. (OTC: IQST) Announces 20% Jump In Q1 Revenues To $5 Million, Projects $9+ Million In Q2.
Both markets are large and fast-growing. According to Grand View Research, the global mobile VoIP market is estimated to surpass $140 billion by 2024. The SMS market is seen by another Grand View Research report that shows this market is growing at a CAGR of 20% through 2025 in the U.S., reflecting a switch from traditional marketing methods — increasing ROIs and reducing costs.
QGlobal SMS Is Increasing Its Presence In Latin America
iQSTEL, Inc. (OTC: IQST) and its QGlobal SMS subsidiary are expanding their presence in Latin American, Mexico markets. QGlobal SMS has expanded its presence in those markets recently by entering into a preliminary acquisition agreement for 100% of the capital stock of Alcyon Cloud SMS S.A.S., commercial brand SMSDirectos.com, a Colombian-based application and content provider serving the retail and commercial markets. It marks the first move by iQSTEL, Inc.’s (OTC: IQST) QGlobal SMS into the Latin American markets, including Colombia, Venezuela, Mexico, Uruguay, El Salvador and Guatemala. iQSTEL, Inc. (OTC: IQST) Announces 20% Jump In Q1 Revenues To $5 Million, Projects $9+ Million In Q2.
The acquisition transaction enables iQSTEL, Inc. (OTC: IQST) and Its QGlobal SMS Subsidiary to enter the Latin America large mobile phone markets. In Colombia, the company and subsidiary is also offering its services to government telecommunications, small and medium businesses and end-users. Colombia itself has 65+ million mobile phone market subscribers, according to Statista Research. Significantly, this acquisition would give iQSTEL, Inc. (OTC: IQST) and Its QGlobal SMS Subsidiary a gateway entry into the Latin American mobile phone market of 500+ million users — positioning QGlobal SMS for long term expansion in the region.
The SMSDirectos Acquisition Will Expand Services For QGlobal SMS
iQSTEL, Inc.’s (OTC: IQST) QGlobal SMS subsidiary, using the existing network of SMSDirectos, plans to expand services from SMS into more omni-channel products and services. These include: SMS, emails, RCS (Rich Communications Services), Social Media Channels, such as What’s Up, Messenger), WebRTC (Web Real Time Communication), VoIP (IP-PBX SIP Trunking), ChatBots (Artificial Intelligence Based) SMS to email and email to SMS. The acquisition, then, would expand the QGlobal SMS subsidiary regionally into Latin America as well as breadth of services into new communications channels and social media channels. This acquisition strategically positions QGlobal SMS for long term growth In Latin America.
iQSTEL, Inc.’s (OTC: IQST) QGlobal SMS Subsidiary Targets $300K Revenues For SMSDirectos
Mr. Iglesias, CEO of iQSTEL, Inc.(OTC: IQST), said, “This acquisition will mark QGlobal SMS’ first foray into Latin America end-user markets. Colombia is just the start of QGlobal SMS’ business growth. We have already begun working on SMSDirectos’ retail business expansion, aiming for 35% of EBITDA. The implementation of omni-channel products will expand SMSDirectos’ revenues with a 1st year target of $300K.” iQSTEL, Inc. (OTC: IQST) And Its QGlobal SMS Subsidiary Expanding Presence In Latin America, Mexico Markets. iQSTEL, Inc. (OTC: IQST) Announces 20% Jump In Q1 Revenues To $5 Million, Projects $9+ Million In Q2.
Earlier, iQSTEL Inc. (OTC: IQST) Acquired 51% Of U.S.-Mexico Service Provider
iQSTEL Inc. (OTC: IQST) earlier acquired 51% controlling interest in an Austin, Texas-based U.S.-Mexico SMS service provider. The transaction adds $29 million to the current annual revenues of iQSTEL and places its QGlobal SMS brand deeper into the $100 billion SMS market. That plus the preliminary acquisition agreement for 100% of the capital stock of SMSDirectos.com would give iQSTEL, Inc.’s (OTC: IQST) and its QGlobal SMS Subsidiary positioning for long term growth in Latin America multi-channel telecommunications.
iQSTEL Inc. (OTC: IQST) A 21st Century Telecom Enhanced Service Provider
Mr. Iglesias said the prior acquisition was “In line with our transformation of iQSTEL into a 21st Century Telecom Enhanced Service Provider. Our strategy at iQSTEL is to build a very strong portfolio of high tech solutions: Domestic and International Long Distance (VoIP), SMS service provider (A2P & P2P), 4G and 5G international fiber-optic connectivity, Internet of Things (IoT) Applications and Blockchain-based platform applications. We are preparing iQSTEL for an expansive 2020 outlook and beyond.”
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.
Source: Stock Market Press
Join Stock Market Press’ newsletter for the latest in IPO, market commentary and company profiles.
Stock Market Press is a financial news company that delivers up to date stock news, introduces private and public companies to a wide audience of investors, consumers, journalists and the general public via social media and a rapidly expanding network.
Stock Market Press
110 Wall St.
New York, NY 10005 email@example.com
Safe Harbor Statement: Statements in this news release may be ”forward-looking statements.” Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions or any other statements relating to our future activities or other future events or conditions. These statements are based on current expectations, estimates and projections about our business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and are likely to, differ materially from what is expressed or forecasted in forward-looking statements due to numerous factors. Any forward-looking statements speak only as of the date of this news release and Stock Market Press undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this news release.
See Stock Market Press disclaimer: https://stockmarketpress.com/disclaimer/ SOURCE: Stock Market Press