iQSTEL Inc., has said that the company has made $30.3 million so far in the year 2021.
The company said it made a revenue of $15.5 million in the second quarter of 2021.
Accounting records show that iQSTEL made more than $5 million every month in the second quarter of 2021.
It looks like a promising year as management confirms that they are well on their way to reach the forecasted revenue of $60.5 million for the entire year, or even surpass it.
According to the CEO of iQSTEL, Leandro Jose Iglesias in a shareholders letter released recently, the company’s goal is to reach the $60.5 million revenue forecast and exceed it. The certainty of the speech sounds just like a call to investors with experience in small Cap stock investing.
iQSTEL incorporated has also informed the public and shareholders of its plans to increase the price of its remaining shares on the company’s reg A. With the increase, the new price would range between $0.50 and $2.00 for each share.
Iglesias made the letter available to the shareholders doing a review of the progress rate of the company in the first half of the year 2021 while making plans for the last six months in 2021. The shareholders also had an overview of the full plan of the company towards raising the price per share of the rest of their offering.
We can deduce from the preliminary financial records in the past months in 2021 totaling up to $29.7 million that the company has a passion for executing and following through with its target plans.
In Iglesias’s speech, he stated that the company is halfway through the year, and it has seen more growth in the second half of the year than in the first half.
He celebrated and commended the initiatives of iQSTEL, including MAXMO, MNPA, and IoTSmartTank, adding that all the initiatives have almost reached the point where they are making a top and bottom-line financial contributions, including high EBITDA revenues.
iQSTEL plans to go forward with its fast-paced growth in technology and telecommunications by furthering on its firm working system and foundation that earned the company a revenue higher than $44 million in the year 2020.
This year, the company is driving towards the year’s forecast of $60.5 million in revenue. They are developing services and products with high margins, such as Crypto Exchange services, Blockchain, Remittances, and IoTSmartTank. They are also developing Visa/Mastercard debit cards, EV charging, EV batteries, and EV IoT connectivity.