March 5, 2021 -- InvestorsHub NewsWire -- via Market Watch --
iQSTEL, Inc. (USOTC: IQST) is
on pace to reach its high end of revenue guidance by posting $4.8
million in revenues for January 2021. The increase is a more than
159% jump compared to the same period last year. Moreover, iQSTEL
is heading into February with momentum on its side after announcing
two potentially significant revenue-generating deals. One is with a
major telecommunications provider and the other sets into motion
the planned sales launch of its new Mobile Number Portability
Application (MNPA) Blockchain Platform beginning in April of this
year.
The revenue update on Thursday puts iQSTEL well on track to meet
its revenue forecast of $60.5 million during the remainder of the
year. Moreover, the recent accretive announcements coupled with the
expectation that its subsidiaries will continue to expand their
services could make that forecast rather conservative. Better
still, IQST management expects to maximize those revenues from
strengthening profit margins and a consolidation of its Telecom
subsidiaries to operate under a single brand name to improve
marketing momentum and operating efficiencies. Those changes will
help make the most of every dollar earned from its Telecom
division, which is expected to contribute $55.1 million of the
forecasted revenues.
Making up the difference to reach the $60.5 million in
anticipated revenues is expected to come from the company's other
growing, high margin business units including its Technology
Division (IoT and Batteries for EV), Fintech Division (Visa Debit
Card), and Blockchain Division (MNPA).
Expecting growth from each division, investors have been bidding
the stock higher and as of March 3rd share prices
were higher by more than 404% year-to-date. And, with multiple
shots on goal from its diversified operating subsidiaries, the
trend higher is likely to continue despite recent weakness and
volatility in the OTC markets.
Subsidiaries Will Contribute To Growth
Although the bulk of revenues are being generated from IQST’s
Telecom division, investors should also pay attention to the
company’s other operating divisions. There, in addition to its
US-based operations, IQST is capitalizing on substantial
opportunities from having an international presence. IQST currently
holds a competitive position in 13 additional countries offering
leading-edge Telecommunication, Technology, and Fintech Services
for Global Markets.
Further, IQST is providing leading services to the
Telecommunications, Electric Vehicle (EV), Liquid Fuel
Distribution, Chemical, and Financial Services Industries. That
diversification, for all intents and purposes, should be considered
an asset since each can create value.
Specifically, through its 4 Business Divisions: Telecom,
Technology, Fintech and Blockchain, IQST is leveraging multiple
subsidiaries to capitalize on worldwide B2B and B2C customer
relations. Its operating subsidiaries, Etelix, SwissLink, QGlobal
SMS, SMSDirectos, IoT Labs, Global Money One, and itsBchain, are
maximizing opportunities with an extensive portfolio of products
and services for its clients that include SMS, VoIP, 4G & 5G
international infrastructure connectivity, and Cloud-PBX. Also,
IQST is advancing initiatives to generate shareholder value through
OmniChannel Marketing, IoT Smart Electric Vehicle Platform, iQ
Batteries for Electric Vehicles, and its IoT Smart Gas and IoT
Smart Tank Platform. The company’s most recent agreements are
expected to generate new revenue streams from development interests
in Visa Debit Card, Money Remittance, Mobile Number Portability
Application MNPA (Blockchain Platform) and Settlement &
Payments Marketplace (Blockchain Platform).
Thus, for a stock that is trading at roughly $1.00 per share
with a market-cap of only $81 million, IQST appears to be
significantly undervalued, especially using a revenues multiple
applied to its industry peers. Moreover, its surging revenues and
accretive deals that couple IQST with billion-dollar clients, could
help to minimize risk to the downside, especially with the company
reiterating its top-end guidance on Thursday.
Therefore, making an assumption that the weakness in the OTC
markets is creating significant opportunities is valid. And with
the markets not sparing even the strongest of the bunch from
double-digit percentage volatility, a position in IQST at these
levels looks extremely attractive. And if shares trend lower,
investors could enjoy an even better price point to potentially
earn exponential returns over the next several quarters.
Disclaimer/Safe Harbor: This news release contains
forward-looking statements within the meaning of the Securities
Litigation Reform Act. The statements reflect the Company’s current
views with respect to future events that involve risks and
uncertainties. Among others, these risks include the expectation
that any of the companies mentioned herein will achieve significant
sales, the failure to meet schedule or performance requirements of
the companies’ contracts, the companies’ liquidity position, the
companies’ ability to obtain new contracts, the emergence of
competitors with greater financial resources and the impact of
competitive pricing. In the light of these uncertainties, the
forward-looking events referred to in this release might not
occur.
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