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IQST - IQSTEL Provides Summary of Annual Meeting of Shareholders and Highlights Key Strategic Priorities
NEW YORK, Feb. 4, 2026 /PRNewswire/ -- IQSTEL Inc. (NASDAQ: IQST) today announced that it held its Annual Meeting of Shareholders on January 30, 2026, with
About this update from Iqstel Inc.
[{"type":"text","content":"NEW YORK, Feb. 4, 2026 /PRNewswire/ -- IQSTEL Inc. (NASDAQ: IQST) today announced that it held its Annual Meeting of Shareholders on January 30, 2026, with strong shareholder participation and engagement.\n \n \n \n \n \n \n \nAt the meeting, shareholders elected the Company's Board of Directors, ratified the appointment of the independent registered public accounting firm, and received an update from management on IQSTEL's financial performance, strategic initiatives, and long-term growth objectives.Management highlighted the Company's progress during 2025, including surpassing a $400 million annualized revenue run rate, reporting positive adjusted EBITDA from operating activities, strengthening the balance sheet by eliminating convertible debt, and continuing the diversification of its revenue streams across telecom, fintech, cybersecurity, and artificial intelligence (AI).Key Highlights from the Annual Meeting of ShareholdersAI Division Targeted to Generate Seven-Figure Annual Revenue by 2027Management outlined its expectation that IQSTEL's AI division will become a meaningful growth driver, with the objective of generating seven-figure annual revenue by 2027 through production-ready AI services and new product launches.Commitment to Enhanced Shareholder Oversight Through Proxy Approval of Major TransactionsThe Company announced its plan to seek shareholder approval via proxy for each significant transaction, including the delivery of a comprehensive economic analysis to support informed shareholder decision-making.Strategic Acquisitions Planned to Achieve a $15 Million EBITDA Run Rate in 2026IQSTEL plans to pursue two to three strategic acquisitions, subject to shareholder approval, designed to add incremental EBITDA and support the Company's goal of reaching a $15 million EBITDA run rate in 2026, in addition to its current operating EBITDA.Introduction of Quarterly Earnings Calls Beginning in 2026To further enhance transparency and engagement, the Company announced plans to initiate quarterly earnings calls starting in 2026, providing shareholders with regular updates on financial performance, strategic progress, and key developments.The Annual Meeting also included a comprehensive question-and-answer session, during which management addressed shareholder questions submitted both prior to and during the meeting, covering to...