IQSTEL reports 2024 revenue $283M, up 96% YoY; plans Nasdaq direct listing; sells ItsBchain

iQSTEL Inc

2025-Q1 EPS reported -$0.44 revenue$57,632,816

2024 revenue $283.2M (95.9% YoY increase); total assets $79M (+257%); stockholders' equity $11.9M (+48%).
Preliminary Q1 2025 net revenue $57.6M (+12% YoY); gross profit $1.93M (+40%); gross margin 3.36%.
Forecasts $340M revenue in 2025, targeting $1B by 2027; projects Nasdaq direct listing (no capital raise).
MOU to sell ItsBchain subsidiary to Accredited Solutions (ASII); $500K in ASII shares to IQSTEL shareholders.
Outstanding shares ~2.6 million (lean float); only one lender with convertible notes maturing 2026.

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