GlobeTopper (fintech platform)

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IQST - IQSTEL Reports $101.5 Million in Preliminary Net Revenue for Jan-May 2025, On Track to Meet $340 Million Annual Forecast
Prnewswireยท 2025-06-24 12:48
Core Viewpoint - IQSTEL Inc. is on track to achieve its full-year revenue forecast of $340 million for 2025, with preliminary accounting revenue of $101.5 million reported for the first five months of the year [1][4]. Financial Performance - The company reported $23.7 million in net revenue for May 2025, with expectations to reach $33 million in monthly net revenue by year-end, driven by organic growth and strategic integration [2]. - IQSTEL anticipates reaching a $400 million annualized revenue run rate by the end of 2025 based on current performance trends [2]. Growth Catalysts - The integration of GlobeTopper, a fintech platform, is expected to significantly contribute to revenue and positive EBITDA, enhancing the company's fintech division [3]. - The company aims to become a $1 billion revenue enterprise by 2027, with its recent uplisting to NASDAQ generating strong market interest and daily trading volume [4]. Management Insights - CEO Leandro Iglesias highlighted the emergence of adjusted EBITDA in the millions as a key step toward unlocking shareholder value, expressing confidence in the company's growth momentum [5]. - The company is optimistic about the second half of 2025 marking a historic milestone, supported by new high-margin business units and a favorable public market [5]. Company Overview - IQSTEL Inc. operates in 21 countries, providing advanced solutions across telecommunications, fintech, AI, and cybersecurity, with a forecast of $340 million in revenue for FY-2025 [7].