- IQSTEL Inc. (IQSTD) plans a direct NASDAQ uplisting, maintaining a lean share structure with 2.6 million outstanding shares.
- Reported $283.2 million in revenue for 2024, marking a 95.9% year-over-year growth, with a $1 billion revenue target by 2027.
- In Q1 2025, IQSTEL achieved $57.6 million in revenue, reflecting a 12% increase from the previous year, alongside improved gross margins.
IQSTEL Inc. (IQSTD), a dynamic player in the telecommunications, fintech, AI, and cybersecurity sectors, is gearing up for a direct NASDAQ uplisting. This strategic move is bolstered by a lean share structure, featuring only 2.6 million outstanding shares, which is expected to benefit shareholders by avoiding dilution commonly associated with capital raising.
The company recorded a remarkable financial performance in 2024, reporting $283.2 million in revenues, reflecting a robust 95.9% growth compared to the previous year. IQSTEL has set an ambitious target to reach $1 billion in revenue by 2027, driven by organic growth and strategic acquisitions across its divisions.
Q1 2025 results showcased continued momentum with $57.6 million in revenue, up 12% year-over-year, and an improved gross margin of 3.36%. The upcoming NASDAQ listing is anticipated to broaden IQSTEL's investor base, enhancing visibility and accessibility to international and institutional investors.
Additionally, IQSTEL signed a Memorandum of Understanding (MOU) to sell its blockchain-focused subsidiary, ItsBchain, to Accredited Solutions, Inc. (ASII). As part of this transaction, $500,000 in ASII shares will be distributed directly to IQSTEL's shareholders, underlining the company's commitment to delivering tangible value to its investor base.
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