IQST - IQSTEL Reports $128.8 Million in Preliminary Revenue for First Half of 2025

Core Insights - IQSTEL Inc. reported preliminary unaudited revenue of $128.8 million for the first half of 2025, with June revenue reaching $27.3 million, up from $23.7 million in May, indicating strong commercial momentum [1][2] - The company will start consolidating revenue from its newly acquired subsidiary, Globetopper, expected to contribute an additional $5 million to $6 million per month, positioning IQSTEL to achieve a $400 million annualized revenue run rate in Q3, ahead of its original target [2][3] - CEO Leandro Iglesias expressed confidence in reaching the $340 million revenue forecast for 2025, supported by the acquisition and the launch of high-tech products like IQ2Call.ai, aimed at enhancing net income and adjusted EBITDA [3][4] Financial Performance - The company aims for $340 million in revenue for FY-2025, with a strategic roadmap targeting $1 billion in revenue by 2027 [4][5] - Revenue growth has been significant, increasing from $13 million in 2018 to nearly $300 million last year, demonstrating a robust growth trajectory [4] Strategic Initiatives - IQSTEL is executing its growth strategy through organic expansion, strategic acquisitions, and AI-powered service offerings, enhancing its position as a next-generation telecom and tech company [4] - The focus on high-margin, high-tech products is expected to drive top-line growth and improve profitability, reinforcing the company's transformation from a traditional telecom operator to a technology-driven enterprise [3][4]