iQSTEL reports $33M YTD revenue (Feb 2024); sets April 1 target to close QXTEL acquisition

iQSTEL Inc

YTD revenue through Feb 2024 reached $33M (preliminary, unaudited); gross margin trending up per forecast.
Target date to close QXTEL acquisition set for April 1, 2024; acquisition was announced Jan 22, 2024.
Post-acquisition, iQSTEL expects to be a 'quarter of a billion dollar annual revenue company' (~$250M).
Cross-selling and operational synergies already begun between iQSTEL and QXTEL ahead of closing.
Management hints at ongoing M&A campaign and plans for Nasdaq up-listing after closing.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

iQSTEL Inc reported YTD through the end of February 2024 results: revenue $33 million.

Period: YTD through the end of February 2024
Revenue: $33 million
Result: preliminary results

Exact text from the filing

the company’s YTD revenue through the end of February 2024, based on preliminary accounting, reached $33 million.

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Source: SEC EDGAR

accession 0001663577-24-000075

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