Business
IQST - IQSTEL Reports $57.6M Q1 Revenue in First NASDAQ Shareholder Letter, Reaffirms Path to $1 Billion by 2027 as Global Tech Evolution Accelerates
IQSTEL Inc. (NASDAQ: IQST), a multinational telecommunications and technology company, today released its Q1 2025 Shareholder Letter—its first since being uplisted to the NASDAQ Capital Market.
About this update from Iqstel Inc.
[{"type":"text","content":"NEW YORK, May 15, 2025 /PRNewswire/ -- IQSTEL Inc. (NASDAQ: IQST), a multinational telecommunications and technology company, today released its Q1 2025 Shareholder Letter—its first since being uplisted to the NASDAQ Capital Market.","length":237,"tagName":"p"},{"type":"image","alt":"iQSTEL logo (PRNewsfoto/iQSTEL)","displaySize":"","headline":null,"caption":"iQSTEL logo (PRNewsfoto/iQSTEL)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":107,"url":"https://media.zenfs.com/en/prnewswire.com/b65099919bec95dfcdc5d3875811c2bb"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/E6gifZxblzsXXqIlbrNNBQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTE4OTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/b65099919bec95dfcdc5d3875811c2bb","width":400,"height":107}},"href":"https://mma.prnewswire.com/media/2429999/iQSTEL.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"In the letter, CEO Leandro Iglesias details the company's performance, strategic vision, and transformation into a high-tech multinational on course to reach $1 billion in annual revenue by 2027.","length":199,"tagName":"p"},{"type":"text","content":"Highlights from the Q1 2025 Shareholder Letter:","length":47,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"$57.6 million in revenue, up 12% YoY","length":36,"tagName":"p"}]},{"val":[{"type":"text","content":"$0.59 million in Adjusted EBITDA (Telecom Division)","length":51,"tagName":"p"}]},{"val":[{"type":"text","content":"$0.25 million in Net Income (Telecom Division)","length":46,"tagName":"p"}]},{"val":[{"type":"text","content":"$1.93 million in Gross Profit, up 40% YoY","length":41,"tagName":"p"}]},{"val":[{"type":"text","content":"3.36% Gross Margin, up 25% from 2.68% in Q1 2024","length":48,"tagName":"p"}]},{"val":[{"type":"text","content":"$11.6 million in Stockholders' Equity or $4.38 per common share","length":67,"tagName":"p"}]},{"val":[{"type":"text","content":"$13.4 million revenue between subsidiary synergies","length":50,"tagName":"p"}]},{"val":[{"type":"text","content":"QXTEL contributed 37% of total revenue, leading international growth","length":68,"tagName":"p"}]},{"val":[{"type":"text","content":"Strategic goal to reach a $400M run rate by year-end, with 20% from tech services","length":81,"tagName":"p"}]}],"tagName":"ul"...