Business
IQSTD - IQSTEL Reports Strong Preliminary Q1 2025 Results: Revenue Growth, Margin Expansion, and Strategic Progress Toward NASDAQ Uplisting
IQSTEL Inc. (OTC: IQSTD), a global telecommunications and technology company, today announced its preliminary first quarter 2025 financial results, delivering strong double-digit growth in revenue and a 40% increase in gross profit, reflecting continued improvements toward achieving profitability. These results reinforce the company's commitment to long-term value creation through strategic initiatives, including its planned NASDAQ uplisting and acquisition-driven growth strategy.
About this update from Iqstel Inc.
[{"type":"text","content":"NEW YORK, May 6, 2025 /PRNewswire/ -- IQSTEL Inc. (OTC: IQSTD), a global telecommunications and technology company, today announced its preliminary first quarter 2025 financial results, delivering strong double-digit growth in revenue and a 40% increase in gross profit, reflecting continued improvements toward achieving profitability. These results reinforce the company's commitment to long-term value creation through strategic initiatives, including its planned NASDAQ uplisting and acquisition-driven growth strategy.","length":527,"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":"The company has a successful track record of improving year over year across key operational financial metrics—including revenue, gross profit, EBITDA, assets, among others—while growing at a gigantic pace of 96% year-over-year. This performance demonstrates consistent execution and the scalability of its business model.","length":322,"tagName":"p"},{"type":"text","content":"Preliminary Q1 2025 Financial Highlights","length":40,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Net Revenue: $57.6 million, a 12% increase from $51.4 million in Q1 2024","length":72,"tagName":"p"}]},{"val":[{"type":"text","content":"Gross Profit: $1.93 million, a 40% increase from $1.38 million in Q1 2024","length":73,"tagName":"p"}]},{"val":[{"type":"text","content":"Gross Margin: Improved to 3.36%, a 25% increase from 2.68% in Q1 2024","length":69,"tagName":"p"}]},{"val":[{"type":"text","content":"Adjusted EBITDA (Telecom Division): $593,604","length":44,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":258,"olType":false},{"type":"text","content":"Q4 2024 Revenue Reference: $98.8 million, highlighting the company&#...