secwatch.observer — SEC 8-K summary
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Issuer:     iQSTEL Inc (IQST)
CIK:        0001527702
Form:       8-K
Filed at:   2023-04-20T23:59:59+00:00
Accession:  0001663577-23-000201
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1527702/000166357723000201/0001663577-23-000201-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1527702/000166357723000201/iqst8k042023.htm
  HTML page:      https://secwatch.observer/filing/0001663577-23-000201

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