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Sunday, October 17, 2021

QGlobal SMS, Record Growth, Blue Skies; the Run on Iqstel Inc (OTCMKTS: IQST)

Iqstel Inc (OTCMKTS: IQST) is making a powerful run up the charts in recent days eclipsing last week’s highs and entering blue sky breakout mode. The stock has already proven it has legs running to $0.517 in March of this year. The current run up is marked by heavy accumulation and buy side volume.

Microcapdaily has reported on Iqstel several times before impressed by the Company’s solid growth and fast growing revenues which have topped $5 million plus for the past two months putting the company well on track to exceed its $42 million revenue projection for 2020. Management has also been working hard behind the scenes paying off debt and cancelling shares; earlier this month management converted 21 million common shares held among the CEO, CFO and chief commercial officer into Series B preferred shares reducing the outstanding share count by more than 22%. Goldman Small Cap Research recently published a $0.54 Target PPS Recommendation on IQST.

Iqstel Inc (OTCMKTS: IQST) is a US-based publicly-listed company offering leading-edge Telecommunication, Technology and Fintech Services for Global Markets proving services to the Telecommunications, Financial Services, Liquid Fuel Distribution and Electric Vehicle Industries. iQSTEL has 3 Business Divisions: Telecom, Technology and Fintech, with worldwide B2B and B2C customer relations operating through its subsidiaries: Etelix, SwissLink, QGlobal SMS, SMSDirectos, IoT Labs, itsBchain and Global Money One. The Company has an extensive portfolio of products and services for its clients: SMS, VoIP, 4G & 5G international infrastructure connectivity, Cloud-PBX, OmniChannel Marketing, IoT Smart Gas Platform, IoT Smart Electric Vehicle Platform, Mobile Number Portability Application MNPA (Blockchain), Settlement & Payments Marketplace (Blockchain), Visa Debit Card, Money Remittance, and Pay Mobile Phone Services among others. IQST derives the majority of its revenues from its SMS business; QGlobal SMS offers SMS Applications to Person (A2P) and Person to Person (P2P), domestic and international SMS, focus in US-Mex, Latam and EMEA. Offering OmniChannel Marketing for Government, Corporate, Small & Medium Companies, and End-User. SMSDirectos is a Colombian OmniChannel Marketing Service Provider for government, enterprises, small and medium business, as well as end-users. IQST operates in 7 Countries and has 7 operating subsidiaries.

IQST has been paying off debt and cancelling shares; earlier this month the Company converted 21 million common shares held among the CEO, CFO and chief commercial officer into Series B preferred shares over next days, effectively reducing the outstanding share count by more than 22%. Shareholders not only benefit from the debt reduction but this premium to market shows serious confidence in the ability of iQSTEL management to continue executing on their business plan. Any remaining share reserves will be canceled with the transfer agent. Complete details are available in the 8-K.

Last month IQST confirmed the new Visa Prepaid Debit Card Service (PDCS) the company announced yesterday is expected to generate estimated revenue over five years of $45 million to $128 million with an approximate EBITDA margin of 30% to 40%. This comes after the Company rached an agreement with Payment Virtual Mobile Solutions, LLC (PayVMS) to build a PDCS.  The new PDCS will be constructed under a new corporation named Global Money One, Inc. iQSTEL will own 75% of Global Money One, Inc. with PayVMS owning the other 25%.

iQSTEL Inc. (IQST) Stock Message Board - InvestorsHub

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PDCS is expected to enable customers to make purchases in stores and online, withdraw cash at ATMs or receive cash back when using it to make a purchase, recharge prepaid mobile phone service (domestic and international), and send money domestically or internationally. PDCS is expected to also facilitate the deposit of funds into bank accounts, rewards and digital gift cards.  In addition, PDCS customers are expected to be able to execute bill payments and remote deposit capture (RDC) by mobile phone.

IQST is putting out big numbers; On December 14 IQST reported November was the 2nd month in a row the Company achieved $5 million plus monthly revenue. November 2020 revenue was 277% higher than the $1.8 million in revenue reported last year, in November of 2019. The iQSTEL Telco Division with the SMS product is a major contributor to IQST’s ongoing overall revenue growth with now four consecutive month over month increases. Year to date revenue is now $39,725,507 putting the company well on track to exceed its $42 million revenue projection for 2020. IQST derives approximately 60% of its revenues from its SMS business, over 35% from its VoIP services and the remainder from its other products and services. More than 55% of its revenue stream is prepaid revenue, giving the Company a leg up for continued healthy business growth.

On December 22 IQST announced a services agreement between IQST’s fintech subsidiary, Global Money One, Inc. and TransferTo, Inc. an intelligent mobile technology infrastructure and services provider. Both IQST and DT One concentrate on serving the growing global international migrant market reported currently at a population of over 270 million. This population comes with a unique set of mobile technology consumer requirements including special international voice and data solutions, as well as certain international financial transaction complexities.

Global Money One Inc uses a blend of industry expertise, state-of-the-art technology and compliance requirements to create disruptive solutions that deliver control, security and real-time payments and innovative Financial capabilities with reduced cost for consumers, specially to the unbanked, underbanked and underserved segments of today’s society.

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IQST is making a powerful run up the charts in recent days eclipsing last week’s highs and entering blue sky breakout mode. The stock has already proven it has legs running to $0.517 in March of this year. The current run up is marked by heavy accumulation and buy side volume. Microcapdaily has reported on Iqstel several times before impressed by the Company’s solid growth and fast growing revenues which have topped $5 million plus for the past two months putting the company well on track to exceed its $42 million revenue projection for 2020. IQST derives approximately 60% of its revenues from its SMS business, over 35% from its VoIP services and the remainder from its other products and services. More than 55% of its revenue stream is prepaid revenue, giving the Company a leg up for continued healthy business growth. Management has also been working hard behind the scenes paying off debt and cancelling shares; earlier this month management converted 21 million common shares held among the CEO, CFO and chief commercial officer into Series B preferred shares reducing the outstanding share count by more than 22%. Goldman Small Cap Research recently published a $0.54 Target PPS Recommendation on IQST. We will be updating on IQST when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with IQST.

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sclosure: we hold no position in IQST either long or short and we have not been compensated for this article.

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