iQSTEL Inc. announced increasing its annual revenue forecast from $105 million to $120 million after reaching a record high level of sales for one month in April and then breaking that record in May. The company surpassed $11 million in sales each month based on preliminary accounting. iQSTEL achieved $93 million in revenue in FY-2022 and is on track to meet or surpass its new FY-2023 Revenue Forecast of $120 million which would represent a 29% increase over FY-2022.