iQSTEL Inc Reports a Net Loss of $320,466 for the First Half of 2023
Revenue Reaches $57.5 Million in H1 2023, Showing Growth Despite Losses
By USInMinutes
Published - Sep 13, 2023, 04:23 PM ET
Last Updated - Aug 23, 2024, 08:18 AM EDT
iQSTEL Inc,(IQST) a leading provid er of telecommunications and blockchain-based solutions, has released its unaudited consolidated financial statements for the first half of 2023. The report highlights the company's net loss of $320,466 during this period and its impressive revenue of $57.5 million, indicating continued growth despite the losses. Let's delve into the details of the financial data and its implications for iQSTEL Inc.
Net Income/Loss
iQSTEL Inc reported a net loss of $320,466 for the first half of 2023. This represents a challenging period for the company, as it grappled with various expenses and operating costs. Despite the losses, iQSTEL Inc remains committed to its growth trajectory, as evidenced by its robust revenue figures.
Revenue
