- IQSTEL (IQST, Financial) anticipates exceeding a $400 million revenue run rate in Q3 2025, ahead of initial projections.
- The recent acquisition of Globetopper adds an expected $60-70 million in annual revenue with positive EBITDA.
- IQSTEL reduced its debt by $6.9 million, equating to approximately $2 per share.
IQSTEL Inc. (IQST), a technology company focused on telecom and fintech solutions, has issued a shareholder letter revealing significant milestones achieved within two months of its NASDAQ listing. Notably, the company projects surpassing a $400 million revenue run rate during Q3 2025, a notable acceleration from their initial target.
For the first half of 2025, IQSTEL reported preliminary revenues of $128.8 million, with $27.3 million generated in June alone. This growth is further bolstered by the completion of its Globetopper acquisition, anticipated to introduce an annual revenue addition between $60-70 million, thereby reinforcing the company’s fintech division.
In a strategic move to strengthen its financial standing, IQSTEL has successfully reduced its debt by $6.9 million, which translates to a $2 per share reduction. This reduction is part of a broader strategy aimed at improving shareholder value and setting a clear path towards IQSTEL's goal of achieving $1 billion in revenue by 2027.
The company also launched the AI-powered platform IQ2Call.ai, targeting the $750 billion global call center industry with innovative features such as real-time voice AI and multilingual support. This launch is part of a wider initiative to expand into high-margin tech products and services.
Moreover, IQSTEL has received renewed market attention, with Hills Research initiating analyst coverage. The research firm has set a price target range for IQSTEL stock between $18 and $22, indicating growing institutional interest and confidence in IQSTEL's strategic direction and potential for sustained growth.
