Iqstel Inc. $(IQST)$ has released its Q1 2025 financial results, reporting a revenue of $57.6 million. The company has highlighted a transformation into a high-tech global enterprise, with a clear path to achieving $1 billion in annual revenue by 2027. The current assets per share stand at $14.58, while the stockholders' equity per share is reported at $4.38. Iqstel has consistently demonstrated revenue growth, increasing from $13.8 million in 2018 to $283 million in 2024. The company's telecom division, which accounts for 99% of the revenue stream, reported a positive adjusted EBITDA and positive net income. The 2025 revenue forecast is set at $340 million, with a year-end run rate goal of $400 million, of which 80% is expected to come from telecom and 20% from tech services. Following its recent uplisting to the NASDAQ Capital Market, the company is targeting strategic acquisitions in telecom, fintech, AI, and cybersecurity to further expand its commercial footprint across 21 countries.
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