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IQST - IQSTEL (NASDAQ: IQST) Issues June Update: $77.8M Preliminary Revenue, GlobeTopper Acquisition, NASDAQ Momentum, and a Clear Path to $1B
NEW YORK, June 11, 2025 /PRNewswire/ -- IQSTEL Inc. (NASDAQ: IQST), a fast-growing multinational technology and telecom company, is pleased to share a
About this update from Iqstel Inc.
[{"type":"text","content":"NEW YORK, June 11, 2025 /PRNewswire/ -- IQSTEL Inc. (NASDAQ: IQST), a fast-growing multinational technology and telecom company, is pleased to share a comprehensive update following several transformative milestones over the past 60 days. These achievements reflect the company's strong execution and momentum toward its $1 billion revenue goal by 2027.\n\n \n \n \n \n \n \n\n \n$77.8 Million in Preliminary Revenue – Jan to April 2025IQSTEL reported $77.8 million in preliminary net revenue for the first four months of 2025, representing 12% growth over the same period in 2024. The company reconfirms its full-year revenue guidance of $340 million and is on track to reach a $400 million annualized run rate by year-end.\nNASDAQ Uplisting — Direct ListingOn May 14, 2025, IQSTEL achieved a major milestone with its uplisting to NASDAQ via a direct listing, with no capital raise or shareholder dilution. The listing has expanded IQSTEL's global investor base, increased visibility, and enhanced credibility with both customers and institutional partners.\nIQSTEL has been warmly welcomed by the NASDAQ investor community. Over the last 10 trading days, IQST's stock has traded over $35 million, effectively circling its market cap — a strong indication of investor interest and confidence in the company's business model and growth prospects.\nGlobeTopper Acquisition: Accelerating Fintech ExpansionIQSTEL recently closed the acquisition of a 51% stake in GlobeTopper, a profitable fintech platform operating across the Americas, Europe, and Africa. The acquisition — effective July 1 — brings a forecasted $65+ million in standalone revenue for full-year 2025 from GlobeTopper's existing operations. IQSTEL plans to further accelerate this growth by introducing GlobeTopper's fintech products across its base of more than 600 global telecom customers. This strategic move significantly deepens IQSTEL's transition toward a high-margin, 80% telecom / 20% fintech revenue mix.\nStronger Than Ever: Shareholder Value MetricsIQSTEL continues to outperform on key financial indicators:\nAssets per share: $14.58Revenue per share: Over $100Equity per share: $4.38Float:","length":3955,"tagName":"div"}]