iQSTEL reports preliminary January 2024 revenue of $17M, gross profit up from December

iQSTEL Inc

2023-FY EPS reported -$0.01 revenue$144,502,351

Preliminary revenue for January 2024 was $17M; gross profit improved month-over-month.
Revenue excludes any contribution from the recently announced QXTEL acquisition.
Company achieved positive operating income in Q3 2023, ahead of forecast.
Management states January revenue exceeds prior expectations for next 12 months.
QXTEL acquisition expected to bring IQST annual revenue to ~$250M.

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 0.95

iQSTEL Inc reported the month of January 2024 results: revenue $17 million in revenue.

Period: the month of January 2024
Revenue: $17 million in revenue
Result: preliminary results

Exact text from the filing

the company realized $17 million in revenue for the month of January 2024 based on preliminary accounting.

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Source: SEC EDGAR

accession 0001663577-24-000037

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