From Investing.com:

iQSTEL Inc. reports a 50% increase in revenue for the year ending 2023, reaching $140 million, with a revenue per share of $0.81. The company also saw an increase in gross margin in the fourth quarter of 2023 and anticipates rapid growth in both revenue and margins throughout 2024.

In addition, iQSTEL has filed a Definitive Proxy Statement in preparation for its annual shareholder meeting on January 31, 2023. The company operates through four business divisions: Telecommunications, Fintech, Electric Vehicles (EV), and an Artificial Intelligence (AI)-Enhanced Metaverse.

The company’s telecommunications division offers services such as VoIP, SMS, international fiber-optic communications, proprietary Internet of Things (IoT), and mobile portability blockchain platforms. The fintech division provides services like remittance and top-up services, a MasterCard debit card, and a mobile application not requiring a social security number for a US bank account. Lastly, the AI-Enhanced Metaverse division offers a white label metaverse platform for virtual 3D interaction.

This announcement is based on a press release statement and reflects the company’s performance and strategic plans as of the end of 2023.



Read more: iQSTEL reports 50% revenue surge in 2023 By Investing.com