secwatch.observer — SEC 8-K summary
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Issuer:     iQSTEL Inc (IQST)
CIK:        0001527702
Form:       8-K
Filed at:   2023-07-19T23:59:59+00:00
Accession:  0001663577-23-000360
Event type: other_material
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1527702/000166357723000360/0001663577-23-000360-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1527702/000166357723000360/iqst8k071923.htm
  HTML page:      https://secwatch.observer/filing/0001663577-23-000360

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer