secwatch.observer — SEC 8-K summary
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Issuer:     iQSTEL Inc (IQST)
CIK:        0001527702
Form:       8-K
Filed at:   2024-08-29T23:59:59+00:00
Accession:  0001663577-24-000244
Event type: other_material
Sentiment:  positive
Materiality: 0.65
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

iQSTEL forecasts $290M FY2024 revenue, NASDAQ uplisting target Jan 1, 2025, $1B sales by 2027
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- FY2023 revenue $144.5M, FY2024 forecast $290M; 33% CAGR over 5 years.
- EBITDA -$315K in FY2023; cash $1.36M, total assets $22.16M.
- 11 acquisitions completed, 1 pending; plans to consolidate subsidiaries.
- Targeting NASDAQ uplisting by Jan 1, 2025, with $10.5M raise.
- Long-term goal: $1B annual sales by 2027 ($500M organic, $250M M&A, $250M synergies).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1527702/000166357724000244/0001663577-24-000244-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1527702/000166357724000244/iqst8k082924.htm
  HTML page:      https://secwatch.observer/filing/0001663577-24-000244

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