iQSTEL reports FY2023 revenue $144.5M (+55% YoY); positive net income trend; Q1 2024 YTD $46M

iQSTEL Inc

2024-Q1 EPS reported $0.00 revenue$51,414,878

FY2023 revenue $144.5M, +55% YoY; gross profit $4.7M (+161%); total assets $22.2M (+77%).
Positive operating income ($184K in Q4) and net income in last two quarters of FY2023.
Q1 2024 YTD revenue through Mar 17 surpassed $46M, a new quarterly record with two weeks remaining.
QXTEL acquisition closed April 1, 2024; FY2024 goal of $500K operating income per quarter.

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 0.97

iQSTEL Inc reported Q1-2024 results: revenue $46 million.

Period: Q1-2024
Revenue: $46 million
Result: preliminary results

Exact text from the filing

iQSTEL Inc. (OTC-QX: IQST) today announced the company’s YTD revenue through March 17 th surpassed $46 million based on preliminary accounting.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.97

iQSTEL Inc reported FY-2023 results: revenue $144,502,351, net income positive net income for the last two quarters of the year.

Period: FY-2023
Revenue: $144,502,351
Net income: positive net income for the last two quarters of the year
Result: reported results

Exact text from the filing

The company achieved $144,502,351 in annual revenue and reported a positive net income for the last two quarters of the year.

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iQSTEL Inc filing history →

Source: SEC EDGAR

accession 0001663577-24-000097

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