iQSTEL Inc (IQST) Stock Moves Up After Announcing Revenue Data

Yesterday, iQSTEL Inc (IQST) was in the news after the company announced its revenue figure for the month of August. The company managed to generate as much as $5.7 million in the form of revenues for the month of August as per the preliminary accounting figures.

The announcement proved to be a source of excitement for investors as well and the iQSTEL stock jumped by as much as 3% as a consequence. In this regard, it should also be noted that the revenues generated in the month of August 2021 also proved to be higher than the revenues in the prior year period by as much as 30%.

However, in addition to that, August 2021 was the fifth consecutive month in which iQSTEL managed to surpass the figure of $5 million in terms of revenues. At the end of August this year, the total revenues generated by the company stood at $41.23 million.

If iQSTEL can manage to keep performing at the same pace over the rest of the year then the company will be able to hit and surpass its revenues forecast for 2021 of $60.5 million. Investors could do well to add the iQSTEL stock to their watch lists at this point.

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