iQSTEL Inc. provided revenue forecast for the year 2022 and 2023. The company announced a preliminary annual revenue forecast for the year 2023 of $105 million. Management indicates the preliminary forecast is based on simple organic growth and does not include the potential impact of several projects currently underway that could materialize before the end of the year and result in a substantial increase of the fiscal year 2023 revenue forecast.

The company's estimated year to date revenue as of October 31, 2022 is $74.4 million. Management indicates the company is on track to meet or exceed its $90 million fiscal year 2022 forecast.