iQSTEL, Inc.’s Q2 2020 Sales Reach Peak Of $11+ Million, Shattering Earlier Projections; June Revenues Spike 190% Versus Prior Year
iQSTEL (OTC: IQST), a fast-growing global telecommunications company, reported projection-shattering revenues for Q2 2020 of greater than $11 million compared to projections of some $9 million. The spike in quarterly sales was driven by a 190% jump in June volume to greater than $4.2 million compared to $1.44 million in June 2019. 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.
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), amazon.com (NASDAQ: AMZN), Alphabet Inc. (NASDAQ: GOOGL), Apple Inc. (NASDAQ: AAPL), Telefónica SA (NYSE: TEF), Samsung Electronics Co. Ltd. (OTC: SSNLF), (Motorola Solutions, Inc. (NYSE: MSI), China Mobile Limited (NYSE: CHL),Verizon (NYSE: VZ), AT&T Inc. (NYSE: T), T-Mobile US (NASDAQ: TMUS),Ericsson (NASDAQ: ERIC), DISH Network Corporation (NASDAQ: DISH), Nokia Corporation (NYSE: NOK), Liberty Global (NASDAQ: LBTYA) and Vodafone Group PLC (NASDAQ: VOD).
iQSTEL, Inc.’s (OTC: IQST) Q2 2020 Sales Reach Peak Of $11+ Million, Shattering Earlier Projections; June Revenues Spike 190% Versus Prior Year
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. Q3 and Q4 are lining up to be very exciting and we look forward to providing updates as we reach new milestones.” iQSTEL, Inc.’s (OTC: IQST) Q2 2020 Sales Reach Peak Of $11+ Million, Shattering Earlier Projections; June Revenues Spike 190% Versus Prior Year.
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.’s (OTC: IQST) Q2 2020 Sales Reach Peak Of $11+ Million, Shattering Earlier Projections; June Revenues Spike 190% Versus Prior Year.
iQSTEL, Inc. Announces 20% Jump In Q1 Revenues To $5 Million
The new report of Q2’s fantastic revenue gains follows on the iQSTEL, Inc.’s (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. iQSTEL, Inc.’s (OTC: IQST) Q2 2020 Sales Reach Peak Of $11+ Million, Shattering Earlier Projections; June Revenues Spike 190% Versus Prior Year.
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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