---
schema_version: "secwatch.filing_event.v1"
accession: "0001663577-24-000097"
form_type: "8-K"
ticker: "IQST"
cik: "0001527702"
company_name: "iQSTEL Inc"
filed_at: "2024-04-02T23:59:59+00:00"
generated_at: "2026-06-04T03:31:28.202831+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# iQSTEL reports FY2023 revenue $144.5M (+55% YoY); positive net income trend; Q1 2024 YTD $46M

## Summary
- FY2023 revenue $144.5M, +55% YoY; gross profit $4.7M (+161%); total assets $22.2M (+77%).
- Positive operating income ($184K in Q4) and net income in last two quarters of FY2023.
- Q1 2024 YTD revenue through Mar 17 surpassed $46M, a new quarterly record with two weeks remaining.
- QXTEL acquisition closed April 1, 2024; FY2024 goal of $500K operating income per quarter.

## SEC filing metadata
- accession: 0001663577-24-000097
- form_type: 8-K
- ticker: IQST
- cik: 0001527702
- company_name: iQSTEL Inc
- filed_at: 2024-04-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1527702/000166357724000097/0001663577-24-000097-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1527702/000166357724000097/iqst8k032124.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001663577-24-000097
- JSON: https://secwatch.observer/filing/0001663577-24-000097.json
- Plain text: https://secwatch.observer/filing/0001663577-24-000097.txt

## Key facts
- Earnings Releases
  iQSTEL Inc reported Q1-2024 results: revenue $46 million.
  - Period: Q1-2024
  - Revenue: $46 million
  - Result: preliminary results
  source text: iQSTEL Inc. (OTC-QX: IQST) today announced the company’s YTD revenue through March 17 th surpassed $46 million based on preliminary accounting.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1527702/000166357724000097/0001663577-24-000097-index.htm
- Earnings Releases
  iQSTEL Inc reported FY-2023 results: revenue $144,502,351, net income positive net income for the last two quarters of the year.
  - Period: FY-2023
  - Revenue: $144,502,351
  - Net income: positive net income for the last two quarters of the year
  - Result: reported results
  source text: The company achieved $144,502,351 in annual revenue and reported a positive net income for the last two quarters of the year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1527702/000166357724000097/0001663577-24-000097-index.htm

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