IQSTEL's Strategic Milestones: Empowering Shareholder Value
IQSTEL's Strategic Growth and Milestones
Company Reflects on Achievements After Two Months on NASDAQ: IQSTEL Inc. (NASDAQ: IQST)
In a recent communication to shareholders, IQSTEL Inc. has detailed various milestones and accomplishments achieved in the first two months since becoming publicly traded on the NASDAQ. The letter highlights the company's focus on accelerated growth, a strengthened balance sheet, the launch of high-margin technologies, and the strategic acquisition of Globetopper.
Featured in the letter, IQSTEL's CEO outlines a series of impressive achievements including exceeding a $400 million run rate, driven by the successful rollout of AI-powered platforms alongside the Globetopper acquisition. This strategic move is expected to contribute significantly to future revenue streams, while the company has also successfully reduced debt burden per share to $2, enhancing shareholder value.
Acknowledging Success and Future Vision
As IQSTEL celebrates its initial tenure on the market, it reflects on key financial metrics and operational success. The company reported $128.8 million in preliminary unaudited revenue for the first half of the year, with June alone contributing $27.3 million. This shows a robust growth trajectory that is not only maintaining but accelerating, setting a positive tone for the upcoming quarters.
Commencing from July 1st, IQSTEL began integrating revenues from its newly acquired subsidiary, Globetopper, which is anticipated to boost monthly revenues by $5 to $6 million. Consequently, the company now expects to surpass the $400 million revenue run rate ahead of schedule.
Driving Innovation in Technology
The company's strategic direction is supporting not just revenue growth but also sustainable profitability. Innovations such as IQ2Call.ai are promoting an adaptive, high-margin business model, targeting high-demand sectors like the $750 billion global call center industry.
IQ2Call.ai offers cutting-edge features like real-time voice AI and multilingual support, enhancing the efficiency and operational effectiveness of call centers. The company’s partnership with cybersecurity firm Cycurion adds another layer of value with AI-driven cybersecurity services tailored for the telecom industry.
Strengthening Financial Foundations
IQSTEL's commitment to strengthening its financial foundation is evident in its recent $6.9 million debt reduction initiative. This move converted part of the debt into common shares while the remainder transitioned into preferred equity, leading to an estimated reduction of $2 of debt per share.
Such decisive actions are indicative of the company’s long-term vision to reach $1 billion in revenues by 2027, reflecting confidence in its operational strategy among investors.
Fostering Institutional Relationships
In early July, IQSTEL released an investor presentation that outlines its operational strategies, financial performance, and growth plans aimed at institutional investors and family offices, fostering direct acquisitions of IQST shares in the market without dilution.
Looking Forward
From a modest $13 million in revenues back in 2018 to projections nearing $300 million in 2024, IQSTEL's story demonstrates a rapid and strategic growth trajectory. The company has positioned itself to achieve its $340 million revenue forecast for 2025, with an eye set on a billion-dollar milestone.
With a well-structured balance sheet, a scalable platform across telecom and fintech sectors, and an array of high-margin product offerings, IQSTEL is set to continue its momentum, enhancing the value delivered to its shareholders.
By keeping communication lines open and focusing on transformative innovation, IQSTEL invites all stakeholders to be part of this dynamic journey in the telecommunications industry.
Sincerely,
Leandro Jose Iglesias
President & CEO
IQSTEL Inc. (NASDAQ: IQST)
Frequently Asked Questions
1. What key milestones has IQSTEL achieved recently?
IQSTEL has surpassed a $400 million revenue run rate and successfully reduced its debt by $6.9 million.
2. How is IQSTEL planning to grow its business?
The company is focused on integrating Globetopper and launching high-margin technology products like IQ2Call.ai.
3. What financial goals has IQSTEL set for the future?
IQSTEL aims for $340 million in revenue for 2025 and $1 billion by 2027.
4. How is IQSTEL positioning itself in the technology sector?
The company is enhancing its technology platforms and expanding into the cybersecurity industry alongside telecom services.
5. Who is leading IQSTEL as CEO?
Leandro Jose Iglesias serves as the President and CEO of IQSTEL Inc.
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