iQSTEL FY2022 revenue up 44% to $93.2M; Q1 2023 prelim revenue $22.9M, gross profit +36% YoY

iQSTEL Inc

2023-Q1 EPS reported $0.00 revenue$24,666,529

FY2022 revenue $93.2M (+44% YoY); net loss $5.9M; adjusted EBITDA -$3.1M, improving from -$3.4M in 2021.
Q1 2023 prelim revenue $22.9M (+18% YoY); gross profit $780K (+36% YoY); margin improved to 3.41% from 2.49%.
FY2023 revenue target reiterated at $105M; management expects first annual positive operating income in 2023.
Operating expenses fell to 5.35% of revenue from 6.98%; current ratio 1.00, debt ratio 0.54.
8 acquisitions from 2018-2022: $2.2M cash invested, generated $5.2M goodwill; equity sufficient for Nasdaq uplisting.

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 0.85

iQSTEL Inc reported financial results for the year ended December 31, 2022.

Period: the year ended December 31, 2022
Result: reported results

Exact text from the filing

we issued a shareholder letter concerning our commercial operations and financial results for the year ended December 31, 2022.

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Source: SEC EDGAR

accession 0001663577-23-000201

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