The press release by iQSTEL Inc. highlights the company’s impressive growth and positive outlook, indicating that the stock may be undervalued. Firstly, the YTD revenue for its Telecom Division through Feb 28th increased by 25% compared to the same period in 2022, indicating strong revenue growth. The management’s confidence in achieving the $105 million annual revenue forecast organically, without the benefit of sales from new lines of business and acquisitions, is also a positive sign.
Moreover, the company’s operational streamlining and newer lines of business, such as the Electric Vehicle, Fintech, and IoT Divisions, are expected to contribute to the company’s positive consolidated operating income in 2023. This highlights the company’s diversification and the potential for future growth.
Another notable point is the company’s presence in 19 countries, offering leading-edge services through its four business lines. This indicates the company’s broad reach and potential for expanding its customer base.
Overall, the press release suggests that iQSTEL is experiencing steady and exceptional growth, with its products and services gaining recognition in their respective markets. Therefore, investors may consider the company’s stock undervalued, given the positive outlook and strong growth potential.