IQSTEL reports Q1 revenue $57.6M (+12% YoY), reaffirms FY2025 $340M target

iQSTEL Inc

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

Revenue $57.6M (+12% YoY); gross profit $1.93M (+40% YoY), gross margin 3.36% (up from 2.68%).
Telecom Division adjusted EBITDA $0.59M, net income $0.25M; stockholders' equity $11.6M ($4.38/share).
QXTEL contributed 37% of revenue; FY2025 targets: revenue $340M, adj. EBITDA $3M+, net income 7-digit.
Strategic goal: $400M run rate by year-end with 20% from tech services; NASDAQ uplisted May 14, 2025.

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