secwatch.observer — SEC 8-K summary
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Issuer:     iQSTEL Inc (IQST)
CIK:        0001527702
Form:       8-K
Filed at:   2024-03-05T23:59:59+00:00
Accession:  0001663577-24-000075
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1527702/000166357724000075/0001663577-24-000075-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1527702/000166357724000075/iqst8k030524.htm
  HTML page:      https://secwatch.observer/filing/0001663577-24-000075

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