IQSTEL Inc. (NASDAQ: IQST) Advances Uplisting and Strategic Growth

Introduction

IQSTEL Inc. is a U.S.-based, multinational technology holding company that operates across telecommunications, fintech, blockchain, artificial intelligence (AI), and cybersecurity. Founded in 2018 and headquartered in Coral Gables, Florida, IQSTEL began trading on the Nasdaq Capital Market under the ticker IQST on May 14, 2025.

Corporate Structure

• Employees: 11 – 50 (LinkedIn)
• Global Operations: Active in 21 countries
• Headquarters: Coral Gables, Florida, USA
• Leadership:
  • Leandro Jose Iglesias
    • Co-Founder, Chairman, and President & CEO
    • Oversees strategic acquisitions and global expansion

Recent Developments and News

• May 2, 2025: Completed a 1-for-80 reverse stock split, reducing outstanding common shares to approximately 2,633,878.
• May 14, 2025: Common stock began trading on the Nasdaq Capital Market under symbol IQST.
• April 8, 2025: Signed a Memorandum of Understanding (MOU) to acquire a 51% stake in GlobeTopper (fintech), which aims for a revenue run rate of $400 million.
• March 31, 2025: Released the 2024 Shareholders Letter reporting $283.2 million in revenue and $1.40 revenue per share.
• Partnerships:
  • Cycurion for cybersecurity services, including 24/7 monitoring and threat detection.
  • ONAR for rebranding efforts, with a new website and brand assets planned for rollout in Q2 2025.
• Divestiture: MOU to sell ItsBchain LLC to Accredited Solutions, Inc., with a $500,000 share distribution to IQSTEL shareholders.

Financial and Strategic Analysis

Key Financial Metrics (TTM as of June 2, 2025)

Metric	Value
Share Price	$12.90
Day’s Change (%)	+31.22%
Market Capitalization	$28.35 M
Enterprise Value	$36.30 M
Revenue (TTM)	$289.44 M
Net Income (TTM)	–$6.97 M
Profit Margin	–2.19%
Price/Sales	0.08
Price/Book	4.15
Cash (MRQ)	$1.09 M
Total Debt/Equity (MRQ)	78.40%
Levered Free Cash Flow (TTM)	–$0.81 M

2024 Performance (Fiscal Year)

• Revenue: $283.2 M (95.9% year-over-year increase)
• Revenue Per Share: $1.40 (66.7% improvement)
• Total Assets: $79.0 M (257% increase)
• Stockholders’ Equity: $11.9 M (48% increase)
• Organic Revenue Growth: $52.7 M

Strategic Initiatives

1. Acquisitions
   • QXTEL: Contributed $85 M in net revenue in 2024.
   • GlobeTopper MOU: Aims to elevate the fintech segment towards a $400 M annual revenue run rate.
2. Divestiture
   • Sale of ItsBchain LLC to Accredited Solutions, with a share distribution plan for shareholders.
3. Technology Platforms
   • Airweb.ai: AI-driven platform for customer engagement utilizing web and voice, including a 3D virtual assistant.
4. Rebranding
   • A partnership with ONAR to update the company's brand identity, with a full rollout planned for Q2 2025.
5. Security Services
   • Collaboration with Cycurion to offer cybersecurity solutions through IQSTEL’s telecom network.

Market Position and Industry Context

• Industry: Telecommunications and Technology Services
• Global Footprint: Active in 21 countries; more than 600 commercial relationships (LinkedIn)
• Trading Range: 52-week range $5.22–$32.72
• Beta: 1.64 (indicating relative volatility compared to the S&P 500)
• NASDAQ Listing: Enhanced visibility, aiming to align valuation with industry peers and expand institutional access

IQSTEL competes within telecommunications, fintech, and AI sectors. The Nasdaq uplisting and diversified portfolio support the company’s objectives for strategic acquisitions and operational synergies.

tl;dr

• May 2, 2025: Executed a 1-for-80 reverse stock split; May 14, 2025: Began Nasdaq trading under IQST.
• 2024 Revenue: $283.2 M; 2025 Forecast: $340 M.
• GlobeTopper MOU targets a $400 M fintech growth rate; QXTEL contributed $85 M in 2024.
• Partnerships with Cycurion (cybersecurity) and ONAR (rebranding); advancement in Airweb.ai AI engagement initiatives.
• Company targets $1 billion in revenue by 2027.