---
schema_version: "secwatch.filing_event.v1"
accession: "0001663577-23-000360"
form_type: "8-K"
ticker: "IQST"
cik: "0001527702"
company_name: "iQSTEL Inc"
filed_at: "2023-07-19T23:59:59+00:00"
generated_at: "2026-06-13T06:22:03.119370+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# iQSTEL raises FY2023 revenue forecast to $120M; Q2 revenue $32.5M (+32% QoQ)

## Summary
- Annual revenue forecast increased from $105M to $120M after record monthly sales above $11M in April and May.
- Q2 preliminary revenue of $32.5M vs Q1 $24.6M, a 32% sequential increase; H1 revenue $57.2M.
- Consolidating telecom subsidiaries Etelix and SwissLink under SwissLink brand, expected to improve bottom line by $500K starting Q3.
- Q1 2023 net loss $158.8K on revenue $24.7M; operating loss $317.5K; cash from ops $197K.
- CEO states company on pace to exceed $120M annual forecast and expects 2023 to be best year since 2018 launch.

## SEC filing metadata
- accession: 0001663577-23-000360
- form_type: 8-K
- ticker: IQST
- cik: 0001527702
- company_name: iQSTEL Inc
- filed_at: 2023-07-19T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1527702/000166357723000360/0001663577-23-000360-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1527702/000166357723000360/iqst8k071923.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001663577-23-000360
- JSON: https://secwatch.observer/filing/0001663577-23-000360.json
- Plain text: https://secwatch.observer/filing/0001663577-23-000360.txt

## Key facts
- Earnings Releases
  iQSTEL Inc reported FY-2023 results: revenue $120 million. Guidance raised.
  - Period: FY-2023
  - Revenue: $120 million
  - Guidance: raised
  - Result: guidance update
  source text: iQSTEL Inc. (OTCQX: IQST ) today announced increasing its annual revenue forecast from $105 million to $120 million after reaching a record high level of sales for one month in April and then breaking that record in May.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1527702/000166357723000360/0001663577-23-000360-index.htm
- Earnings Releases
  iQSTEL Inc reported Q2-2023 results: revenue $32.5 million. Guidance reaffirmed.
  - Period: Q2-2023
  - Revenue: $32.5 million
  - Guidance: reaffirmed
  - Result: preliminary results
  source text: iQSTEL Inc. (OTCQX: IQST), today announced revenue for Q2-2023 exceeded expectations. Based on preliminary accounting, iQSTEL achieved $32.5 million in revenue in Q2 compared to $24.6 million in revenue for Q1, an increase of 32% quarter to quarter.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1527702/000166357723000360/0001663577-23-000360-index.htm

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