iQSTEL reports $83M YTD revenue, beats forecast; signs $10M term sheet with LDA Capital for Nasdaq uplist

iQSTEL Inc

YTD revenue through August $83M (unaudited); July and August each over $13M, on pace to exceed $130M annual revenue, beating $120M forecast.
Signed non-binding $10M term sheet with LDA Capital; first $5M via 24-month bond before uplisting to fund an acquisition.
Second $5M tranche available after successful Nasdaq uplist; 30-day due diligence period begins.
CEO considers increasing annual revenue forecast; positive operating income trend in SwissLink and QGlobal SMS.
Launched AI-Enhanced Metaverse App V1.2; potential first two clients include a retail company and global bank.

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 year-to-date (YTD) through the end of August results: revenue over $83 million. Guidance reaffirmed.

Period: year-to-date (YTD) through the end of August
Revenue: over $83 million
Guidance: reaffirmed
Result: preliminary results

Exact text from the filing

iQSTEL’s year-to-date (YTD) revenue through the end of August is over $83 million based on unaudited accounting.

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Source: SEC EDGAR

accession 0001663577-23-000468

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