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IQST Runs a Diversified Business with Divisions Focused on Telecommunications, Fintech, Electric Vehicles, Artificial Intelligence and More
They are well on track to their $340 Million Revenue Forecast for 2025 after Exploding from $13.8 million in 2018 to $283 million in 2024
IQST ran the Gamut From Pink Sheets to QB, then OTCQX, and now NASDAQ Just Days Ago! —without a capital raise or any shareholder dilution
Company Just Sparked Rapid Global Fintech Expansion with GlobeTopper Acquisition — Fast-Tracking $1 Billion Growth Plan
Hello Everyone,
What a wild May it has been. It really has been an incredible month with some HUGE triple digit runners. We saw way more than we usually do. I do not know what that is an indicator of but I will take it.
We have one last company for you to look at and the story on this one is absolutely incredible. The growth alone is jaw dropping as the company claims to be on track to 1 Billion in Revenues by 2027. It just uplisted to the Nasdaq without any rain or dilution. When I say just uplisted I mean DAYS ago. IQST has only 11 sessions under its belt on the Nasdaq. The CEO says the company is coming to the Nasdaq with 20,000 shareholders.
The float has to be tiny. The company just completed a 1 for 80 reverse earlier this month, drastically reducing the outstanding. Since the first session IQST has drifted lower on light interest after a big first session of trading. While this one is higher priced than we usually look at, the prospects for movement are the same if not more given the catalysts involved right now.
This is a company that is not to be overlooked at these levels. IQST is a multinational technology company offering cutting-edge solutions in Fintech, Blockchain, Artificial Intelligence (AI), and Cybersecurity. Telecom, High-Tech Telecom Services (eSIM, roaming, cloud), with over 600 global business relationships.They deliver high-value, high-margin services to its extensive global customer base.
In 2024, IQSTEL reported $283 million in revenue, yet their market cap remained at only about 10% of that figure. They also achieved 96% year-over-year revenue growth but valuation has not kept pace with performance, leaving plenty of room for growth for IQST.
MAIN CUSTOMERS
IQST – IQSTEL Sparks Rapid Global Fintech Expansion with GlobeTopper Acquisition — Fast-Tracking $1 Billion Growth Plan
NEW YORK, May 29, 2025 /PRNewswire/ — IQSTEL Inc. (NASDAQ: IQST), a rapidly expanding multinational leader in telecommunications and emerging technologies, proudly announces the execution of a definitive agreement to acquire 51% of GlobeTopper — a dynamic fintech innovator with operations across America, Europe, and Africa. The transaction becomes effective July 1, 2025, marking a transformative milestone in IQSTEL’s journey toward becoming a $1 billion revenue corporation.
This milestone follows the signing of a Memorandum of Understanding (MOU) on March 21, 2025, and reinforces IQSTEL’s strategic vision to scale its high-tech fintech footprint globally.
GlobeTopper’s Vision and Forecasts
GlobeTopper’s strong market positioning is evident in its current standalone performance — planning to generate over $65 million in profitable revenue in 2025 alone. Its financial outlook for the next three years reflects steady growth and operational momentum.
Strategic Vision: A Masterpiece Commercial Move
IQSTEL’s decision to acquire GlobeTopper is rooted in a bold and deliberate strategic vision.
“We didn’t just acquire a company—we partnered with a growth engine,” said Leandro Iglesias, CEO of IQSTEL.
“Our goal is to take GlobeTopper’s innovative fintech products and services and scale them globally through IQSTEL’s powerful commercial platform — which already reaches over 600 of the largest telecom operators around the world.”
In parallel, GlobeTopper’s existing client base — including prominent multinational brands — opens the door for IQSTEL to expand its reach into new sectors, allowing deeper penetration into the enterprise and global brand markets.
“We believe the potential for growth is massive,” Iglesias continued. “This isn’t just an acquisition — it’s a masterpiece commercial move that brings together two agile organizations and sets the stage for something extraordinary.”
Together, IQSTEL and GlobeTopper will lead the next wave of convergence between fintech and telecommunications in high-value markets across Africa, Europe, and the Americas.
Strategic Synergy and Ongoing Leadership
As part of the transaction, Craig Span will continue in his role as CEO of GlobeTopper, ensuring leadership continuity and seamless integration into IQSTEL’s Fintech Division.
“This partnership with IQSTEL marks a new era for GlobeTopper,” said Craig Span, CEO of GlobeTopper.
“We’re incredibly excited to join forces with a Nasdaq-listed company that shares our vision, values, and ambition. With IQSTEL’s support, we’re ready to fast-track our growth and become a major player in the global fintech space.”
GlobeTopper will collaborate with GlobalMoneyOne.com, co-developing a 3-year business plan to position itself as a top-tier player in the global fintech ecosystem.
Accelerating Toward $1 Billion
“We’ve helped subsidiaries scale before, and we’re doing it again with GlobeTopper,” said Iglesias.
“This deal puts us firmly on track to reach a $400 million revenue run rate and achieve our targeted 80% telecom / 20% tech revenue mix by the end of this year.”
This acquisition strengthens IQSTEL’s position as a high-margin, tech-focused growth platform, advancing its $1 billion revenue goal by 2027.
Transaction Highlights
The transaction is valued at up to $700,000, structured to align performance with shareholder value:
- $200,000 in staged cash payments
- $500,000 in restricted IQSTEL common stock, issued at a 20% discount to the 5-day VWAP prior to closing
- Performance-based Earn-Outs:
- 50% of EBITDA growth in Year 1 (paid in IQSTEL shares)
- 50% of EBITDA growth in Year 2 (paid in IQSTEL shares)
- Earn-out shares priced at a 20% discount to the higher of the 5-day VWAP.
Additionally, IQSTEL plans to invest up to $1.2 million over the next 2 years to accelerate GlobeTopper’s growth and product roadmap. This investment is contingent upon GlobeTopper meeting specific quarterly financial targets, ensuring performance-driven alignment throughout the integration.
What’s Next
With GlobeTopper now part of the IQSTEL family, the company is moving faster and stronger toward its vision. IQSTEL remains laser-focused on scaling high-tech divisions, expanding its global footprint, and maximizing shareholder value.
“We’re building something big” added Iglesias — and the entire IQSTEL ecosystem is gaining powerful momentum”
About GlobeTopper
GlobeTopper is a leader Fintech company specializing in advanced B2B Top-Up solutions, enabling seamless cross-border financial transactions to something more along the lines of ‘global Fintech company specializing in the provision of B2B digital prepaid products with a unique focus on gift card programs and services. With a solid track record and a scalable, profitable business model, GlobeTopper is poised for exponential growth under IQSTEL’s leadership.
The details of this acquisition will be disclosed in an upcoming Form 8-K filing.
IQSTEL (NASDAQ: IQST) Issues Follow-Up Shareholder Letter Highlighting NASDAQ Benefits, $57.6M Q1 Revenue, and $14.58 Assets Per Share on Path to $1 Billion
NEW YORK, May 20, 2025 /PRNewswire/ — IQSTEL Inc. (NASDAQ: IQST), a U.S.-based multinational technology company, today issued a follow-up shareholder letter to reinforce the strategic value of its recent NASDAQ uplisting and to highlight the company’s most important operational and financial metrics.
This communication outlines IQSTEL’s transformation into a high-tech global enterprise, backed by strong fundamentals and a clear path to $1 billion in annual revenue by 2027.
Key metrics and updates underscore why we believe our stock remains significantly undervalued:
- Current Assets Per Share (Q1 2025): $14.58
- Current Revenue Per Share: Over $100
- Current Stockholders’ Equity Per Share (Q1 2025): $4.38
- Current Outstanding Shares: 2.9 million
- Current Market Cap: 0.10x our Revenue in 2024
- 2025 Revenue Forecast: $340 million
- Year-End Run Rate Goal: $400 million
- Year-End Revenue Mix Goal: 80% Telecom / 20% Tech Services
- Trading212.com now supports IQST again for European-based investors
IQSTEL’s NASDAQ listing enhances visibility, unlocks institutional investment, increases customer confidence, and positions the company to execute larger, EBITDA-positive acquisitions without dilution.
Shareholder Letter – May 20, 2025
Dear Shareholders,
Just days ago, we celebrated our official listing on the NASDAQ Capital Market under the ticker IQST—a transformational milestone that opens the door to unprecedented commercial, financial, and strategic opportunities.
Following this milestone, we received several thoughtful questions from our shareholders regarding the impact of this listing and our forward strategy. In response, we’ve prepared this Shareholder Letter to provide greater clarity and reaffirm the benefits of this moment, while summarizing the most critical indicators of IQSTEL’s financial strength and long-term growth potential.
Key Shareholder Takeaways
- Current Assets Per Share (Q1 2025): $14.58
- Current Revenue Per Share: Over $100
- Current Stockholders’ Equity Per Share (Q1 2025): $4.38
- Current Outstanding Shares: 2.9 million
- Current Market Cap: 0.10x our Revenue in 2024
- Q1 2025 Revenue: $57.6M
- 2025 Revenue Forecast: $340 million
- Year-End Run Rate Goal: $400 million
- Year-End Revenue Mix Goal: 80% Telecom / 20% Tech Services
- Countries of Commercial Footprint : 21
- Employees: 100+
- Business Relationships: 600+ global interconnections
- Telecom Division (99% revenue stream): Positive Adjusted EBITDA and Positive Net Income
- Trading212.com now supports IQST again for European-based investors
What Shareholders Can Expect as a NASDAQ Company
1. Institutional Access & Global Liquidity
- IQSTEL is now available to institutional funds and platforms like Trading212.com in the UK and Europe.
- Global retail and institutional investors can participate more easily in our story.
2. Commercial Trust and Growth Acceleration
- We already handle hundreds of millions in B2B telecom transactions annually.
- Our NASDAQ status boosts credibility with customers and partners—catalyzing growth.
3. Shareholder-Friendly Capital Structure
- Fewer than 2.9 million shares outstanding.
- No capital raise or dilution for the NASDAQ uplisting.
- All convertibles mature in Q1 2026—no short-term pressure.
4. Revaluation Opportunity
- IQSTEL trades at ~0.10x 2024 revenue.
- NASDAQ peers in telecom/tech often trade at 1.0x or more—even without profitability.
5. Strong M&A Capability
- Our stock is now a more attractive currency for acquiring EBITDA-positive businesses.
- We are actively targeting strategic acquisitions in telecom, fintech, AI, and cybersecurity.
Delivering on Our Promises—Built on Execution, Not Hype
At IQSTEL, we don’t just set goals—we deliver on them. Over the past seven years, we’ve earned a reputation for consistent execution, operational discipline, and transparency. Everything we’ve told our nearly 20,000 shareholders we would accomplish—we have. That track record speaks louder than any forecast and forms the foundation for the next phase of our growth.
Here’s a summary of how we’ve kept our word:
- Sustained Revenue Growth: From $13.8 million in 2018 to $283 million in 2024—consistently meeting or exceeding our revenue forecasts year after year.
- Robust Corporate Governance: Audit, Compensation, and Ethics Committees are fully established, supported by an independent Board of Directors and annual shareholder meetings that ensure transparency and accountability.
- NASDAQ Uplisting Achieved: From Pink Sheets to QB, then OTCQX, and now NASDAQ in 2025—without a capital raise or any shareholder dilution.
- Enhanced Shareholder Value: Revenue Per Share now exceeds $100, a strong reflection of our disciplined approach to growth and value creation.
- Balance Sheet Strength: We met NASDAQ’s equity requirements without raising capital—an uncommon achievement that shows the strength of our business.
- Equity Growth: From a negative equity position of ($1.6 million) or -$0.11 per share in 2018, to $11.6 million or $4.38 per share as of March 31, 2025.
These are not projections. These are results. They represent our commitment to building a company that delivers real shareholder value—not just vision, but verifiable performance.
Because We Deliver on Our Promises, These Are the Goals We Are Now Pursuing in 2025
Our consistent execution over the past seven years gives us the confidence—and credibility—to set ambitious but achievable objectives for 2025. These goals are not aspirational statements; they are measurable targets rooted in our proven ability to grow revenue, manage costs, and build shareholder value. With a scalable model, a trusted global platform, and momentum from our NASDAQ listing, we believe the following objectives are well within reach:
- Revenue: $340 million
- Adjusted EBITDA (Operating Subsidiaries): $3 million+
- Net Income (Operating Subsidiaries): 7-digit
- Year-End Revenue Run Rate: $400 million
- Year-End Revenue Mix Goal: 80% Telecom / 20% Tech
- Strategic Acquisitions: Targeting companies with positive EBITDA and synergy potential
Built for the Future
IQSTEL’s future is tech-driven and margin-focused. We’re now leveraging our trusted telecom platform to deliver:
- High Tech Telecom Services: eSIM, roaming, numbering
- Fintech Services: remittance, mobile banking
- AI-Driven Customer Platforms: automation, support, lead generation
- Cybersecurity Solutions: tailored for telecom operators and infrastructure clients
Final Thoughts
IQSTEL is now a global public company with robust fundamentals, scalable operations, and powerful visibility. With strong momentum and aligned shareholder interests, we are executing our plan to reach $1 billion in revenue by 2027—profitably and sustainably.
Thank you to our nearly 20,000 shareholders. The best is just beginning.
If you have any questions about our NASDAQ uplisting or our 2025 goals, please don’t hesitate to contact us at questions@iqstel.com.
Sincerely,
Leandro IglesiasPresident & CEOIQSTEL Inc. (NASDAQ: IQST)
NEWS
May 29, 2025
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May 20, 2025
May 15, 2025
IQST – IQSTD – IQSTEL to Begin Trading Tomorrow on NASDAQ Capital Market Under Ticker: IQST
May 13, 2025
May 13, 2025
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May 2, 2025
iQSTEL Announces Reverse Stock Split in Preparation for Uplist to Nasdaq
May 1, 2025
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IQST – iQSTEL Evolving for the Future: Transforming into a Dynamic Holding Company
Jan 16, 2025
ONAR Announces Partnership with iQSTEL, Congratulates Company on Stellar FY24 Q4 Results
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