---
schema_version: "secwatch.filing_event.v1"
accession: "0001663577-22-000665"
form_type: "8-K"
ticker: "IQST"
cik: "0001527702"
company_name: "iQSTEL Inc"
filed_at: "2022-11-16T23:59:59+00:00"
generated_at: "2026-06-21T17:26:53.022239+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# iQSTEL reports first profitable quarter; Q3 revenue up 33% to $21.94M

## Summary
- Q3 2022 revenue $21.94M (+33% YoY); YTD through Sep $65M, on track for $90M annual forecast.
- First operating income positive quarter: operating income $58,813 (vs loss $116K YoY); net income $27,312.
- Stockholders' equity $9.2M (+172% YoY), surpassing Nasdaq minimum listing requirement.
- October 2022 preliminary revenue $9.4M (+83% YoY); YTD through Oct $74.4M.
- Gross profit margin improved to 5.99% from 5.09% YoY; gross profit up 56% to $1.31M.

## SEC filing metadata
- accession: 0001663577-22-000665
- form_type: 8-K
- ticker: IQST
- cik: 0001527702
- company_name: iQSTEL Inc
- filed_at: 2022-11-16T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1527702/000166357722000665/0001663577-22-000665-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1527702/000166357722000665/iqst8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001663577-22-000665
- JSON: https://secwatch.observer/filing/0001663577-22-000665.json
- Plain text: https://secwatch.observer/filing/0001663577-22-000665.txt

## Key facts
- Earnings Releases
  iQSTEL Inc reported the quarter ended September 30, 2022 results: revenue $21.94 million, net income 27,312. Guidance reaffirmed.
  - Period: the quarter ended September 30, 2022
  - Revenue: $21.94 million
  - Net income: 27,312
  - Guidance: reaffirmed
  - Result: reported results
  source text: iQSTEL, Inc. (OTCQX: IQST) today announced filing its Q3 financial report for FY 2022. The company realized a 33% increase in revenue to $21.94 million in Q3 compared to the same period in 2021. YTD revenue through September 30, 2022, is over $65 million keeping the company well on track to meet or exceed its $90 million 2022 annual revenue forecast. Notably, iQSTEL reported its first operating and consolidated income positive period in Q3 achieving one of the company ́s financial objectives for FY-2022 earlier than anticipated.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1527702/000166357722000665/0001663577-22-000665-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.