---
schema_version: "secwatch.filing_event.v1"
accession: "0001663577-24-000251"
form_type: "8-K"
ticker: "IQST"
cik: "0001527702"
company_name: "iQSTEL Inc"
filed_at: "2024-09-12T23:59:59+00:00"
generated_at: "2026-05-31T05:13:44.018445+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# iQSTEL targets $290M 2024 revenue, meets banks for Nasdaq uplist

## Summary
- 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.

## SEC filing metadata
- accession: 0001663577-24-000251
- form_type: 8-K
- ticker: IQST
- cik: 0001527702
- company_name: iQSTEL Inc
- filed_at: 2024-09-12T23:59:59+00:00
- event_type: other_material
- 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/1527702/000166357724000251/0001663577-24-000251-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1527702/000166357724000251/iqst8k091224.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001663577-24-000251
- JSON: https://secwatch.observer/filing/0001663577-24-000251.json
- Plain text: https://secwatch.observer/filing/0001663577-24-000251.txt

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