May 20, 2021 -- InvestorsHub NewsWire -- via Digital Journal --
iQSTEL, Inc. (OTC: IQST) is
continuing to outperform expectations. And the pace of growth is
quickening. Last week, the company published its Q1 results that
showed its core and subsidiary operations gaining extensive
traction as each continue to penetrate respective global markets.
The report was excellent across the board.
Not only has IQST reached the “debt free” milestone at the
end of Q1, it increased its cash and cash equivalent balances by
302%, increased total assets by 37%, and took stockholders equity
from a deficit of ($2.395 million) to a surplus of $3.754 million.
Now, with its cash and cash equivalents reaching $3.032 million
combined with strengthening margins and an ability to tap capital
through its REG A offering, IQST is better positioned than ever to
capitalize on global telecommunication opportunities.
Better still, its revenues of $14.197 million for the quarter
substantially eclipsed what was already a near record setting
quarter in Q4. The gains also position IQST closer to bottom line
profitability with its net loss decreasing by 51% to $1.878
million. Those numbers generated an even higher decrease in diluted
loss per share of 92%, from ($0.13) to ($0.01). Thus, it’s all
systems go in the back half of the year as the company continues to
demonstrate its ability to gain competitive traction in key
international markets.
Beats Expectations and Targets $60.5 Million In
2021
Indeed, with IQST surpassing its own lofty estimates, the
remainder of 2021 appears to be set for accelerating growth.
Moreover, what once looked like an extraordinarily high 2021
revenue goal of $60.5 million is comfortably in its crosshairs.
Better still, IQST’s strengthened balance sheet enables them to
effectively invest capital into its operational divisions, raise
working capital, boost earnings, and develop and release innovative
high-margin services to diversified markets.
Its latest initiatives, expected to launch by the end of Q2, are
its Mobile Number Portability Application MNPA (Blockchain
Platform), the unveiling of the IoTSmartTank for a Fortune 500
client, and the release of its VisaDebitCard (VisaMoneyOne) for the
EEUU market. Each one of these products and services are expected
to create additional revenue streams that have inherently high
margins.
Finally, to effectively communicate with its shareholders, IQST
has committed to releasing company updates through its newly
launched YouTube channel (iQSTEL –
IQST Official Channel – YouTube) where it can provide project
updates that provide investors better guidance into its operational
performance.
Already a Breakout Year
The Q1 report confirms the tailwind created by its fourth
quarter report. Before its impressive $14.93 Q1, IQST delivered
quarters where sales reached at least $4.8 million. Those numbers
were impressive then. Now, its revenue benchmark has surged by
triple digit percentages and if results continue this pace,
investors should expect material share price growth in the coming
weeks and quarters.
Notably, since the start of 2021 IQST shares have risen by 242%
and that takes into account the extraordinarily weak small-cap
market performance during the past four weeks. And while Q4 created
the momentum, IQST management is responsible for generating the
velocity of growth. The great news is that operational performance
is showing no signs of slowing down. In fact, reaching its $60.5
million 2021 revenue target now looks conservative but would still
represent a more than 35% increase to last year’s revenues. Keep in
mind that that growth adds to its 149% increase in revenues from
2019.
Further, with its diversified focus on established and emerging
international telecomm market opportunities, its seven operating
subsidiaries targeting markets across its four business divisions
are better positioned than ever for substantial growth in the back
half of the year.
In short, IQST is in hyper growth mode. And its role as an
international telecom services provider is earning tremendous
respect. Better still, that growth is expected to accelerate during
the remainder of this year and surge even more in 2022.
A Debt-Free Balance Sheet and Growing
Revenues
Most impressive is that IQST is reporting substantial growth on
a consecutive quarterly basis despite the significant global
challenges created by the worldwide pandemic in 2020. IQST showed
that despite its size, it had the expertise and innovation to not
only survive the crisis but to also emerge stronger than ever.
The more excellent news is that its innovations, development
strategies, and new partnerships continue to be the powerful
engines behind its rapid growth. Moreover, the surge in revenues,
its continued expansion into underserved markets, and its
timeliness to market delivering trending business applications
should lead toward a company-wide expansion into new markets. At
the same time, they can continue to develop and streamline core
operations.
At the end of the day, its comprehensive business plan drives
accretive revenue growth and positions IQST to become a significant
player in a broad range of services. That’s no
exaggeration.
Video Link: https://www.youtube.com/embed/gmpLL7cTVD4
Respect Earns Partnerships
Indeed, 2021 is setting up to be a breakout year. In fact, 2020
started that move, but it has clearly gained momentum. To gauge
where the progress can lead, investors can make comparisons to
Atento S.A. (NYSE: ATTO), another international services provider
that has seen its market cap surge to $359 million from having
operations in 13 countries. While substantially larger, America
Movil, S.A.B. (NYSE: AMX) grew
its small-cap roots into a large-cap international telecomm market
player, amassing a $47.6 billion market cap.
Thus, don’t consider that IQST will be stuck at its current
$69.81 million market cap for long. Instead, expect them to gain
momentum, build new markets, and generate additional revenues from
its current diversified business divisions. Keep in mind, the
impressive Q1 posted last week shows that IQST has the resources
and ability to effectively grow its business, and with that being
the case, its market cap will rise to compensate.
The remainder of 2021 looks extremely promising and at current
price levels may offer the bargain of the year. Moreover, adding
IQST’s aggressive strategy to acquire complimenting businesses to
the mix, accretive value from those deals and from partnerships
will build upon an already solid foundation and further maximize
opportunities from its presence in 15 countries.
Here’s the best part. With revenues targeting $60.5 million this
year, a peer-given revenue-based multiple alone should have shares
priced significantly higher. But since that model isn’t applied
yet, it exposes a massive value opportunity. Thus, having prices at
these levels a short time longer gives time for investors to
appreciate the investment proposition. However, don’t expect these
low valuations to last long. IQST has a history of outperforming
the markets and when risk returns to the small-cap sector, expect
IQST to run higher.
Record revenues, no debt, a strong balance sheet, a 92% decrease
in operating loss, a presence in 15 counties, and a history of
developing acquisitions into revenue-generating assets…what’s not
to like about iQSTEL, Inc.
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Source - https://www.digitaljournal.com/pr/iqstel-revenues-surge-182-in-q1-crushes-estimates-on-way-to-60-5-million-2021
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