other material
confidence high
sentiment positive
materiality 0.70
iQSTEL targets $290M 2024 revenue, meets banks for Nasdaq uplist
iQSTEL Inc
- Revenue grew from $13.8M (2018) to $144.5M (2023); forecasts $290M for 2024, with $134M already reported in H1.
- Met with five investment banks in NYC to discuss Nasdaq uplisting; only remaining requirement is minimum share price.
- Seeking up to $10M in funding over next 6 months to restructure debt and strengthen balance sheet ahead of uplist.
- Targeting $500M organic revenue by 2027 with $20M operating income; potential $1B via strategic acquisition.
- Focus on high-margin SMS (20%+ gross margin) vs voice (8%); expects to add $2M to operating income via platform consolidation.