PubCo Insight is pleased to bring you a review of iQSTEL’s performance at the recent Emerging Growth Conference. Here’s a summary of the presentation and a recap of what occurred, highlighting iQSTEL’s impressive performance and exciting future prospects.
Summary of the Presentation:
1. Strategic Acquisition of QXTEL:
– Revenue Growth: Acquiring 51% of QXTEL propels iQSTEL towards a quarter billion dollars in annual revenue.
– Increased Revenue Per Share: Expected to rise by 75%, from $0.81 to $1.40 per share.
– Operating Income: Projected at $3 million annually.
2. Financial Performance:
– Daily Revenue: Approximately $700,000.
– Weekly Gross Margin: Around $160,000.
3. Global Market Expansion:
– New Markets: Enhanced presence in key global markets including Germany, France, Spain, Brazil, Mexico, India, and Japan.
– Industry Associations: Membership in GSMA and GLF Community boosts international influence.
4. Vision and Strategy:
– Top 10 Telecom Provider Goal: iQSTEL aims to be among the top 10 wholesale telecommunications service providers worldwide.
– NASDAQ Uplisting: The acquisition and growth strategy support iQSTEL’s plan to uplist to NASDAQ.
5. Diverse Business Divisions:
– Telecommunications: Core business providing SMS, voice, international fiber optic, and IoT solutions.
– Fintech: Services include debit cards, US bank accounts, top-up, and remittances.
– Electric Vehicles (EV): Offering electric motorcycles and mid-speed cars.
– AI-Enhanced Metaverse: Platforms for events, workplace, training, and video streaming.
EV Division Highlights:
1. Electric Motorcycles:
– Production and Testing: iQSTEL has started producing and testing the first batch of electric motorcycles. The company is focused on ensuring safety and quality, currently working to obtain the E-mark certification required for the European market.
2. Mid-Speed Cars:
– Development: The EV division is also developing mid-speed cars, with the selection of a manufacturer and plans to produce and test a few cars in the latter half of the year. The aim is to ensure the vehicles meet the highest safety and performance standards before market release.
3. Market Expansion:
– Target Markets: The EV products will be introduced in selected countries in Europe, such as Spain, and in specific states in the USA, including California, Texas, and New Jersey.
– Future Plans: Once the EV division achieves a certain scale, the plan is to spin off this business line and list it separately from iQSTEL.
Q&A Highlights:
Q: What impact will the QXTEL acquisition have on iQSTEL?
A: The acquisition is a game-changer, boosting our annual revenue to a quarter billion dollars and increasing our revenue per share by 75%.
Q: How is iQSTEL performing financially?
A: They’re generating around $700,000 daily and $160,000 in weekly gross margins. Their operating income is on track to hit $3 million annually.
Q: What are the new markets iQSTEL is entering?
A: They’re expanding their presence in Germany, France, Spain, Brazil, Mexico, India, and Japan, thanks to the QXTEL acquisition.
Q: What’s the plan for uplisting to NASDAQ?
A: The acquisition and continuous growth put iQSTEL in a strong position for NASDAQ uplisting, which they aim to achieve soon.
Q: What’s happening with the EV division?
A: iQSTEL has begun producing and testing electric motorcycles and is developing mid-speed cars. They’re ensuring their products meet all safety and quality standards before market release. The EV products will soon be available in select markets in Europe and the US.
Stay tuned for more exciting updates from iQSTEL!
