---
schema_version: "secwatch.filing_event.v1"
accession: "0001663577-23-000201"
form_type: "8-K"
ticker: "IQST"
cik: "0001527702"
company_name: "iQSTEL Inc"
filed_at: "2023-04-20T23:59:59+00:00"
generated_at: "2026-06-16T22:29:16.908585+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# iQSTEL FY2022 revenue up 44% to $93.2M; Q1 2023 prelim revenue $22.9M, gross profit +36% YoY

## Summary
- FY2022 revenue $93.2M (+44% YoY); net loss $5.9M; adjusted EBITDA -$3.1M, improving from -$3.4M in 2021.
- Q1 2023 prelim revenue $22.9M (+18% YoY); gross profit $780K (+36% YoY); margin improved to 3.41% from 2.49%.
- FY2023 revenue target reiterated at $105M; management expects first annual positive operating income in 2023.
- Operating expenses fell to 5.35% of revenue from 6.98%; current ratio 1.00, debt ratio 0.54.
- 8 acquisitions from 2018-2022: $2.2M cash invested, generated $5.2M goodwill; equity sufficient for Nasdaq uplisting.

## SEC filing metadata
- accession: 0001663577-23-000201
- form_type: 8-K
- ticker: IQST
- cik: 0001527702
- company_name: iQSTEL Inc
- filed_at: 2023-04-20T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1527702/000166357723000201/0001663577-23-000201-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1527702/000166357723000201/iqst8k042023.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001663577-23-000201
- JSON: https://secwatch.observer/filing/0001663577-23-000201.json
- Plain text: https://secwatch.observer/filing/0001663577-23-000201.txt

## Key facts
- Earnings Releases
  iQSTEL Inc reported financial results for the year ended December 31, 2022.
  - Period: the year ended December 31, 2022
  - Result: reported results
  source text: we issued a shareholder letter concerning our commercial operations and financial results for the year ended December 31, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1527702/000166357723000201/0001663577-23-000201-index.htm

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