IQST - IQSTEL Issues Recap Shareholder Letter Highlighting $2 Debt Reduction Per Share, $400 Million Run Rate in Q3 (Ahead of Schedule), and Analyst Coverage Targeting $18-$22 Price Range
Company Recaps Milestones After Two Months on NASDAQ: Accelerated Growth, Strengthened Balance Sheet, Launch of High-Margin Tech Products, and Strategic Acquisition of Globetopper
NEW YORK, July 21, 2025 /PRNewswire/ -- IQSTEL Inc. (NASDAQ:IQST) has released a shareholder letter reflecting on its strategic and financial achievements during its first two months trading on the NASDAQ. The letter outlines the company's accelerating growth trajectory, successful execution of its high-margin technology strategy, strengthened capital structure, and enhanced institutional visibility.
In this letter, IQSTEL's CEO shares key business highlights, including surpassing a $400 million revenue run rate earlier than projected, the launch of AI-powered platforms like IQ2Call.ai, and the addition of $60–70 million in revenue through the Globetopper acquisition. The company also emphasizes its $2-per-share debt reduction, improving shareholder value and positioning IQSTEL to achieve its long-term $1 billion revenue goal by 2027.
Dear Shareholders,
As we mark our second month trading on the NASDAQ, I want to take this opportunity to reflect on the tremendous progress we've made and share with you why we believe the road ahead for IQSTEL is not just promising, it's transformative. The Board of Directors and officers of the company are both excited and honored to have hit these major milestones. We remain fully committed to creating long-term shareholder value and driving the continued growth of the company.
A Strong Start to 2025, Accelerating Toward a New Era
We've reported $128.8 million in preliminary unaudited revenue for the first half of 2025, with June alone contributing $27.3 million, a clear sign that our commercial momentum is not just holding strong, but accelerating.
Starting July 1st, we began consolidating revenues from our newly acquired subsidiary, Globetopper, which is expected to add an additional $5 to $6 million per month. With this acceleration, we now expect to surpass a $400 million revenue run rate during Q3, several months ahead of our original year-end target.
But we're not just growing our top line, we're strengthening our bottom line. Our strategy is focused on building a scalable, high-margin business model, and our recent launches of IQ2Call.ai and the upcoming AI-powered cybersecurity services through Cycurion are driving exactly that. These tech offerings are not only innovative, they are designed to increase both Net Income and Adjusted EBITDA, paving the way for sustainable, profitable growth.
To learn more about our revenue growth and projected run rate, click here.
Globetopper Acquisition, Strengthening Our Fintech Business
On July 1st, we completed the acquisition of Globetopper, a move that adds $60–70 million in annual revenue with positive EBITDA. This acquisition also plays a key role in relaunching our fintech division.
We are actively working on a plan to grow Globetopper's revenue to $100 million annually, with at least $1 million in EBITDA, further reinforcing our leadership in global telecom and fintech services. We are planning to reach a 400M run rate in Q3, with a ...
