IQSTEL Q3 2025 revenue $102.8M (+42% QoQ); targets $1B revenue by 2027

iQSTEL Inc

Q3 2025 revenue $102.8M (+42% QoQ); 9-month $232.6M (+26% YoY); on track for FY 2025 $340M.
Adjusted EBITDA Q3 2025 $683K; run rate $2.73M; targeting $15M run rate by 2026.
No dilutive debt, no convertible notes, no warrants; shares outstanding 3.83M; equity $17.8M.
Two strategic acquisitions (Africa, digital services) with non-binding MOUs signed; final negotiations.
Targeting $1B revenue run rate by 2027; Litchfield Hills Research price target $18 per share.

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