iQSTEL, Inc.’s (OTCQX: IQST) Chairman And CEO Leandro Iglesias Predicts 2023 Will Be a Successful Year For IQST Growing Revenues, Generating Positive Net Income, Reaching Thousands With Its Fintech Platform And Deploying Its Proprietary IoT Platform; IQST’s CFO Discusses Up List Strategy
iQSTEL, Inc.’s (OTCQX: IQST) Chairman And CEO Leandro Iglesias predicts 2023 will be a successful year for IQST as it grows revenues, generates positive net income, reaches thousands with its Fintech platform and deploys its Proprietary IoT platform. IQST’s CFO, Alvaro Quintana, discusses the Company’s up list strategy.
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, Inc.’s (OTCQX: IQST) Chairman And CEO Leandro Iglesias said he believes 2023 will be a successful performance year for IQST. “This 2023 will be a successful year, growing revenues, generating positive net income, reaching thousands of users for our Fintech platform, deploying in several industrial facilities our proprietary internet of things solutions, completing the manufacture of the Second and Third batch of our electric motorcycles for the US and EU, and introducing our Mid Speed Car to the market.”
Iglesias also said he is confident that IQSTEL’s share price will eventually rise to reflect its ‘extraordinary operational performance’. 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.
At the same time, Alvaro Quintana, CFO of IQSTEL, addressed the Company’s up listing strategy: “The critical path to an up listing is IQSTEL’s share price. IQSTEL must sustain a minimum bid of at least $2.00 to qualify for a NASDAQ listing.
“Our management team and our independent board of directors believe IQSTEL has the potential to organically achieve a minimum share price to support an up listing. In other words, we believe IQSTEL’s share price, global economy and market conditions permitting, can increase to over $2.00 without necessitating any recapitulation of the company’s share structure,” Quintana said.
He added, “We don’t believe it is the Company’s operational performance that is holding us back from reaching a minimum listing price. We believe that the overall prevailing market uncertainty accounts more for the current IQSTEL price than does IQSTEL’s operational performance.”
He concluded that either the overall market ‘turns positive’ or IQSTEL will finally be recognized for the ‘under valued’ asset that it is. In that instance, IQSTEL’s share price will rise and perform counter to prevailing market trends. “The final key to our NASDAQ up listing is our share price and the key to our share price is patience. The Company is performing better than ever and sooner or later the share price will respond accordingly,” he said.
Iglesias added, “IQSTEL operations in 2022 did not relent in the face of a difficult economy,” 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.”
iQTSTEL, Inc. (OTCQX: IQST) is a high tech, multinational communications company.
Source: Stock Market Press
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