iQSTEL forecasts $105M 2023 revenue, over $1M net income, and Nasdaq up-listing plans

iQSTEL Inc

2022 revenue estimated at $93M, up 47% from $63M in 2021; profitability reached Q3-2022.
2023 revenue forecast of $105M and year-end positive net income exceeding $1M.
Plans to up-list to Nasdaq once market conditions improve; dual listing efforts continue.
EV division to rebrand and manufacture two motorcycle batches for EU and USA in 2023.
New Fintech product with more features to be released; crypto buy/sell plan discontinued.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

iQSTEL Inc reported FY-2022 results: revenue $93 Million.

Period: FY-2022
Revenue: $93 Million
Result: preliminary results

Exact text from the filing

Revenue estimation for FY-2022 is $93 Million vs $90 Million forecasted, a 47% increase over $63 Million revenue FY-2021.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

iQSTEL Inc reported FY-2023 results: revenue $105 Million, net income over $1 million. Guidance initiated.

Period: FY-2023
Revenue: $105 Million
Net income: over $1 million
Guidance: initiated
Result: guidance update

Exact text from the filing

Estimated FY-2023 revenue forecast of $105 Million. Estimated FY-2023 year-end consolidated positive net income of over $1 million.

View on SEC.gov

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iQSTEL Inc filing history →

Source: SEC EDGAR

accession 0001663577-23-000027

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