{"schema_version":"secwatch.filing_event.v1","accession":"0001663577-24-000108","form_type":"8-K","ticker":"IQST","cik":"0001527702","company_name":"iQSTEL Inc","filed_at":"2024-04-12T23:59:59+00:00","discovered_at":"2026-05-14T18:03:18.845086+00:00","generated_at":"2026-06-03T23:21:52.600637+00:00","sec_items":["2.02","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"iQSTEL closes QXTEL acquisition; Q1 revenue exceeds $50M record","bullets":["Closed 51% acquisition of QXTEL on April 1; QXTEL adds ~$20M/quarter revenue and ~$1M/quarter gross profit.","Q1 FY2024 preliminary revenue exceeds $50M (record), excluding QXTEL; profitability trend from Q3 FY2023 continues.","Post-acquisition total assets ~$39M (+54%); stockholder equity >$9M (+15%), nearly double Nasdaq minimum.","QXTEL management stays; Tolga Alemdar remains CEO; iQSTEL targets $0.5M quarterly operating income by end of 2024.","Expects record Q2 FY2024 results with first-time QXTEL contribution to revenue, gross profit, operating income, net income."],"urls":{"canonical":"https://secwatch.observer/filing/0001663577-24-000108","json":"https://secwatch.observer/filing/0001663577-24-000108.json","markdown":"https://secwatch.observer/filing/0001663577-24-000108.md","text":"https://secwatch.observer/filing/0001663577-24-000108.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1527702/000166357724000108/0001663577-24-000108-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1527702/000166357724000108/iqst8k040424.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T23:21:52.600637+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"8625e94ee7637f90674738b5cc0802fa6f978d9e","claim":"iQSTEL Inc reported FY-2024 Q1 results: revenue exceeds $50 million.","evidence_excerpt":"the company’s FY-2024 Q1 record breaking revenue exceeds $50 million based on preliminary accounting","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1527702/000166357724000108/0001663577-24-000108-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"FY-2024 Q1"},{"label":"Revenue","value":"exceeds $50 million"},{"label":"Result","value":"preliminary results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}