secwatch.observer — SEC 8-K summary
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Issuer:     iQSTEL Inc (IQST)
CIK:        0001527702
Form:       8-K
Filed at:   2025-05-08T23:59:59+00:00
Accession:  0001663577-25-000126
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1527702/000166357725000126/0001663577-25-000126-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1527702/000166357725000126/iqst8k050825.htm
  HTML page:      https://secwatch.observer/filing/0001663577-25-000126

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