IQSTEL Inc. $(IQST)$, a multinational telecommunications and technology company, announced its preliminary net revenue for the first four months of 2025, totaling approximately $77.8 million. This represents a 12% increase compared to the same period in 2024, underscoring the company's ongoing organic growth in its core telecom operations. The company remains confident in achieving its full-year revenue forecast of $340 million. The recent acquisition of GlobeTopper, a fintech company, is expected to further boost growth, positioning IQSTEL to attain a $400 million annualized revenue run rate by year-end, with a projected revenue mix of 80% telecom and 20% fintech. IQSTEL anticipates generating over $3 million in adjusted EBITDA in 2025, with positive net income expected in the seven-digit range, driven by operational efficiencies and a focus on high-margin services. Looking ahead, IQSTEL aims to reach $1 billion in revenue by 2027 through a combination of organic growth, acquisitions, and expansion in technology sectors such as cybersecurity, AI, managed services, and fintech. The company's recent uplisting to NASDAQ is expected to enhance visibility and unlock new strategic opportunities.
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