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iQSTEL Inc. Stock Skyrockets On Vonage Contract News; A Pending Deal With A Fortune 500 Company Could Extend Those Gains

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iQSTEL Inc. Stock Skyrockets On Vonage Contract News; A Pending Deal With A Fortune 500 Company Could Extend Those Gains

February 23
07:32 2021

IQSTEL Inc. (OTC: IQST) stock soared by 28% to $1.85 on Monday after announcing a contract between Vonage and its Telecom Division subsidiary, QGlobal SMS. News broke pre-market, and investors were active at the bell to push shares higher on heavy volume. By EOD on Monday, shares traded roughly 2X their average daily exchange and trended back toward their intraday high.

The rally was justified and is likely to continue. After all, Vonage’s deal adds a tremendous amount of credibility and confidence to IQST’s services platform. And yes, this is the same Vonage that was founded twenty years ago and is now a leading global cloud communications service provider. The company expects to generate $1.32 billion in revenues in 2021. 

For IQST, it could lead to additional deals. In fact, in the release, IQST said it anticipates expanding the current agreement with Vonage to include VOIP services later this year. For investors, it’s also good to know that IQST has something that Vonage needs, exposure to QGlobal SMS’s strong Latin America presence. And they could extend that exposure well beyond the Latin American markets, too.

In fact, IQSTEL’s QGlobal SMS is already an established wholesale SMS termination provider with a commercial footprint in the USA, Mexico, Colombia, Latin America, Europe, and Asia. QGlobal SMS also has a robust international interconnection with Tier1 SMS Aggregators and Large Mobile Operators that provide its customers high quality and low termination rates in more than 100 countries worldwide.

By the way, the move on Monday adds to the momentum that is already in place.

Piling On More Good News 

iQSTEL stock has been attracting attention since January, and shares have rallied from roughly twenty-five cents since the start of the year. Several announcements have helped fuel the rally. In fact, two significant events in February alone helped push the stock higher by 61% before Monday’s spike.

The first was an announcement that IQST is entering the white-hot EV sector by executing a letter of intent (LOI) agreement to develop a proprietary electric battery that can provide top-line power to the exponentially fast-growing EV market. The deal is between iQSTEL’s Technology Division subsidiary, IoT Labs, and MODUS GROUP, the industrial engineering and design firm engaged by Alternet Systems, Inc. (USOTC: ALYI) for the design and development of Alternet’s Revolt Electric Motorcycle.

A second deal in the works is expected to align another IQST subsidiary with a Fortune 500 company. According to a press release last week, IQST announced exploring a business opportunity with a Fortune 500 client and is evaluating the benefits of a potential business engagement with iQSTEL’s Technology Division subsidiary, IoT Labs. In particular, the agreement will involve IoT Labs’ landmark Smart Gas technology, a device that won the Smart Appliance of the Year award from IoT Break Through. The mission is to develop a two-way communication device of the Internet of Things (IoT) for the chemical industry (IoT Smart Tank), to include a back and front-end platform to run as a Mobile App.

If the deal gets finalized, it’s a second validation in less than a month from billion-dollar clients. And it likely puts in place a healthy recurring revenue stream, noting the initial rollout of IoT Smart Tank solutions is expected to be deployed on 2500 devices. Updates on that deal should be released before the end of the month.

Rounding out a tremendous two weeks of news, IQST announced that it has eliminated all remaining debt from its balance sheet. They added that except for routine operational payables, the company is now completely debt-free with no convertible notes, warrants, promissory notes, or settlement agreements. Investors sent the stock soaring after the announcement.

IQST is creating its value.

IQST Finishes 2020 Strong

IQST is helping its own cause and has earned its recent appreciation. IQST posted consecutive record-setting revenues to finish out the last three months in 2020. Those revenues were also substantial, with each month generating $5 million or more in income. Revenue growth in Q4 was 168% higher compared to the same period last year. On a YoY basis, 2020 revenues surged 148% compared to 2019 totals. Those results and the momentum carried from Q4 led management to raise 2021 guidance. 

Before the news this month, IQST raised its revenue guidance to expect $60 million in 2021 revenues. Contributions toward that number will come from seven subsidiary companies, global partnerships, and capitalizing on diverse opportunities across multiple communication platforms in the SMS, VoIP, and IoT sectors. Also important to note is that IQST can capture revenues from operations in more than thirteen different countries. Thus, with the new deals, guidance may end up being conservative.

In short, iQSTEL may be in its best operating position ever to maximize its opportunities in the cloud-based services space. The deal with Vonage and the expected agreement with a Fortune 500 company later this month would cap off a tremendous month of growth for the company. 

Also, with no debt, no derivative liabilities, and no commercial promissory notes, coupled with a revenue stream that appears ready to surge, IQST checks off all the right boxes that make this company more than ripe for investment consideration. And its plans to move to a more senior NASDAQ exchange will make the company that much stronger.

Can IQST share prices continue to surge? Well, IQST is providing the answer: Record revenues, a deal with Vonage, a planned agreement with a Fortune 500 company, raised revenue guidance, seven operating subsidiaries, a business presence in thirteen countries, and an ambitious plan to extend its reach into new and emerging multi-billion-dollar markets…. 

What’s not to like about iQSTEL, Inc. , and the answer is Yes.

 

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