---
schema_version: "secwatch.filing_event.v1"
accession: "0001663577-23-000118"
form_type: "8-K"
ticker: "IQST"
cik: "0001527702"
company_name: "iQSTEL Inc"
filed_at: "2023-03-21T23:59:59+00:00"
generated_at: "2026-06-17T22:13:02.806104+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# iQSTEL enters JV for metaverse, reports 25% telecom revenue growth YTD

## Summary
- Telecom division YTD Feb 28 revenue $16.4M, up 25% YoY from $13.1M.
- Management confident on $105M annual revenue forecast and positive operating income in 2023.
- Entered MOU with Got My Idol for JV to develop white-label metaverse; iQSTEL owns 51%.
- Jose Enrique Puente appointed CEO of new Metaverse division; launch expected next quarter.
- Metaverse market estimated $61.8B, growing to $426.9B by 2027.

## SEC filing metadata
- accession: 0001663577-23-000118
- form_type: 8-K
- ticker: IQST
- cik: 0001527702
- company_name: iQSTEL Inc
- filed_at: 2023-03-21T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.02, 9.01, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1527702/000166357723000118/0001663577-23-000118-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1527702/000166357723000118/iqst8k032123.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001663577-23-000118
- JSON: https://secwatch.observer/filing/0001663577-23-000118.json
- Plain text: https://secwatch.observer/filing/0001663577-23-000118.txt

## Key facts
- Earnings Releases
  iQSTEL Inc reported through February 28, 2023 results: revenue $16.4 million. Guidance reaffirmed.
  - Period: through February 28, 2023
  - Revenue: $16.4 million
  - Guidance: reaffirmed
  - Result: preliminary results
  source text: iQSTEL Inc. (OTCQX: IQST) today announced the company's year-to-date (YTD) revenue for its Telecom Division through Feb 28 th is $16.4 million (unaudited), an increase of 25% compared to $13.1 million for the same period in 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1527702/000166357723000118/0001663577-23-000118-index.htm
- Material Agreements
  iQSTEL Inc entered into Memorandum of Understanding with Got My Idol, Inc. (effective 2023-03-20).
  - Action: entry
  - Agreement: collaboration
  - Counterparty: Got My Idol, Inc.
  - Effective: 2023-03-20
  source text: On March 20, 2023, we entered into a Memorandum of Understanding (the “MOU”) with Got My Idol, Inc., a Delaware corporation (“GotMy”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1527702/000166357723000118/0001663577-23-000118-index.htm

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