iQSTEL, Inc.’s (OTCQX: IQST) Chairman And CEO Leandro Iglesias Is ‘Confi-dent’ The Company Will Deliver On Its Wide Ranging Objectives In 2023 And Believes That IQSTEL’s Share Price Will Eventually Rise To Reflect Its ‘Extraordinary Operational Performance’
iQSTEL, Inc.’s (OTCQX: IQST) Chairman And CEO Leandro Iglesias is ‘confident’ the Company will deliver on its wide ranging objectives in 2023 and believes that IQSTEL’s share price will eventually rise to reflect its ‘extraordinary operational performance’. At IQSTEL’s annual meeting, he reaffirmed the Company’s $105 million 2023 revenue forecast and also said the company would show more than $1 million of net income by the end of the year. Despite headwinds globally, IQSTEL is moving ahead aggressively to grow in multiple areas.such as Telecom, IoT, Fintech, Electric Vehicles and Blockchain.
Stock Market Press is reporting on the fast growing 5G telecommunications market by keeping readers up-to-date on such company stocks as iQSTEL Inc. (OTC: IQST),Verizon (NYSE: VZ), AT&T Inc. (NYSE: T), T-Mobile US (NASDAQ: TMUS), Sprint (NYSE: S), Ericsson (NASDAQ: ERIC) in 5G networks. Also covered are trends by semiconductor manufacturers Qualcomm (NASDAQ: QCOM), Qorvo (NASDAQ: QRVO) and Skyworks Solutions (NASDAQ: SWKS), among others.
“IQSTEL operations in 2022 did not relent in the face of a difficult economy,” Iglesias said, while announcing the Company’s Board approval of its 2023 business plans and objectives. He said that IQTEL’s 2022 operational performance “was the best ever in the Company’s history.”
The Company reported 2022 performance of $93 million in estimated revenues. This compares to $90 million forecasted and a 47% jump over $63 million in FY 2021.
Iglesias add, “I firmly believe IQSTEL share price will will eventually reflect our as of yet overlooked and ongoing extraordinary operational performance.”
Here’s what the IQSTEL Board approved:
- IQSTEL’s revenue forecast for 2023 of $105 million and consolidated positive net income of greater than $1 million;
- The Telecom Division, IoT Business Line, Fintech Division and Electric Vehicle Division will establish revenue and profit by year end;
- The Telecom Business will be reorganized and rebranded for easy customer recall;
- IQSTEL will introduce a new Finch product with more features this year while the Company will discontinue its plan to implement a buy/sell crypto functionality;
- The Electric Vehicle division will perform a rebranding with plans to manufacture two batches of motorcycles for the US and EU markets;
- Continued targeting of opportunities in the M&A markeet
iQTSTEL, Inc.’s (OTCQX: IQST) is a high tech, multinational communications company which has announced through a manufacturing partnership it is readying the introduction of its EV Motorcycle 550 Elite. IQST seeks leadership within the Electric Transportation Solutions marketplace. It would be marketed in multiple countries, such as the US, Spain, Portugal, Panama, Columba and Venezuela, through its IQST Electric Vehicle (EV) Business Line, or www.evoss.net
It is also developing an EV Mid-Speed Car to serve the niche of the second car in the family. IQST aims to become the leader in electric transportation solutions, such as motorcycles and personal cars.
Source: Stock Market Press
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