{"id":379927,"date":"2020-11-12T10:12:00","date_gmt":"2020-11-12T15:12:00","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=379927"},"modified":"2020-11-12T10:12:00","modified_gmt":"2020-11-12T15:12:00","slug":"iqst-iqstel-announces-analyst-research-update-to-follow-q3-earnings-report-with-anticipated-record-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/iqst-iqstel-announces-analyst-research-update-to-follow-q3-earnings-report-with-anticipated-record-results\/","title":{"rendered":"IQST – iQSTEL Announces Analyst Research Update To Follow Q3 Earnings Report With Anticipated Record Results"},"content":{"rendered":"
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PR Newswire<\/p>\n<\/p><\/div>\n

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\n NEW YORK<\/span>, Nov. 12, 2020<\/span> \/PRNewswire\/ —\u00a0iQSTEL, Inc. (USOTC: IQST) today announced Goldman Small Cap Research plans to issue an update to its recent Analyst Research Report published October 27<\/span>th<\/sup> with a $0.54<\/span> Target PPS following IQST publishing its Q3 earnings report.\u00a0 After reporting record high revenues for the previous two quarters and earlier this week reporting a record high $5.1 million<\/span> in revenue for the month of October exceeding October of 2019 by 200%, management anticipates publishing record results for Q3.<\/p>\n

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\n \"iQSTEL\n <\/div>\n

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In addition to taking the anticipated record financials into account, Goldman’s update will also include a notable new business agreement executed since Goldman’s initial report.\u00a0 On November 2<\/span>nd<\/sup>, IQST announced a letter of intent (LOI) agreement with Alternet Systems, Inc. (USOTC: ALYI), an electric vehicle (EV) innovator, for IQST’s Internet of Things (IoT) development team to combine efforts with ALYI’s EV engineering and design program to codevelop two-way device communication solutions specific to the EV operating environment.<\/p>\n

IQST subsidiary\u00a0IoT Labs MX<\/a>\u00a0specializes in Internet of Things (IoT) design and development to include wireless and vehicle telematics space that provide telematics solutions. IoT Lab MX, among other products, has developed the IoT Smart Gas Platform (www.iotsmartgas.com<\/a>).<\/p>\n

ALYI’s first generation EV is an electric motorcycle, designed for, among other applications, utilization within the rideshare (exemplified by Uber and Lyft services) sector in\u00a0Africa\u00a0evolving the prevailing robust motorcycle taxi (Boda<\/a>) market. ALYI’s electric motorcycle design program, orchestrated by\u00a0MODUS<\/a>, was recently detailed in an\u00a0online narrative presentation<\/a>.<\/p>\n

IoT Labs MX and MODUS plan to work jointly to develop two-way device communication in the Revolt Electric Motorcycles with, among others, the following functions:<\/p>\n