Company Preparing for Uplisting Announces YTD Results

By: Dylan Sikes – AllPennyStocks.com News

Thursday, October 19, 2023

Uplisting to a senior stock exchange provides a host of benefits, including increased visibility and liquidity. This technology holding company, focused on enhanced telecommunications, just announced YTD revenue exceeding that of the same period last year as it readies for an uplist.

iQSTEL Inc. (OTC-QX: IQST) announced in a press release today year-to-date revenue through Q3 of $100 million based on preliminary accounting, exceeding the revenue of $65 million for the same period last year, in 2022, by 54%. Additionally, management expects that revenue will surpass the previously announced $120 million revenue forecast for year-end 2023. The firm’s business divisions deliver access to the necessary tools in today's pursuit of basic human needs: Telecommunications, Fintech, Electric Vehicles and Metaverse.

iQSTEL CEO Leandro Iglesias said, "Our commercial momentum is exceeding expectations….Productivity and efficiency continue to improve and contribute to our overall increasing business value.”

Shares were trading at $0.2338 in morning trade.

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