- iQSTEL ( OTCQB:IQST ) reports Q2 preliminary revenue of $24M, exceeding Q1 results of $19.4M by 23%.
- YTD revenue is $43.4M, a 47% increase Y/Y.
- The recent Smartbiz and Whisl acquisitions only contributed revenue to the YTD results in June.
- The company is well on track to meet or exceed its $90M 2022 annual revenue forecast with positive net income and continue growing in 2023 with consistent positive net income throughout.
- In Q3, the company is expecting to add new higher margin revenue streams resulting from new products such as the EVOSS Electric Motorcycle and the Global Money One Maxmo VIP Fintech Product.
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iQSTEL reports Q2 preliminary revenue up 23% sequentially