IQSTEL Inc., now listed on the NASDAQ Capital Market, reported a revenue of $57.6 million for Q1 2025, reflecting a 12% increase from the $51.4 million reported in the same period last year. The company's Telecom Division achieved an adjusted EBITDA of $0.59 million, while net income stood at $0.25 million. Gross profit for the quarter was $1.93 million, marking a 40% year-over-year increase. The gross margin improved to 3.36% from 2.68% in Q1 2024. IQSTEL's stockholders' equity rose to $11.6 million, translating to $4.38 per common share, a significant improvement from previous years. QXTEL, a subsidiary, contributed 37% of the total revenue, highlighting its strong presence in international markets, including Europe, the Middle East, and the Caribbean. The company has reaffirmed its strategic goal to achieve a $400 million revenue run rate by the end of the year, with 20% of this anticipated from tech services. IQSTEL continues to pursue strategic acquisitions in telecom, fintech, and cybersecurity, aligning with its long-term vision for growth and profitability.
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