$283.2 Million and $1.40 Per Share in Revenue Reported for 2024 Fueling Impressive 96% Growth and Expanding $79 Million Asset Base for High Tech, AI Boosted Marketing Company: iQST
IQST has signed a memorandum of understanding to acquire a majority stake in fintech leader GlobeTopper and has announced a $1 million subsidiary sale with a stock dividend to shareholders. The company operates in various sectors including telecommunications, fintech, electric vehicles, and artificial intelligence. This move signifies a strategic expansion into diverse industries for IQST.
$283.2 Million and $1.40 Per Share in Revenue Reported for 2024 Fueling Impressive 96% Growth and Expanding $79 Million Asset Base for High Tech, AI Boosted Marketing Company: iQST
04-01-2025 06:10 PM CET | Business, Economy, Finances, Banking & Insurance
Press release from: Getnews / PR Agency: CAP, LLC
Main Highlights
$IQST Also Signs MOU to Acquire Majority Stake in Fintech Leader GlobeTopper, Plus $1 Million Subsidiary Sale with Stock Dividend to Shareholders
* Diversified Business with Divisions Focused on Telecommunications, Fintech, Electric Vehicles, Artificial Intelligence and More.
* $340 Million Revenue Forecast for 2025.
* Positioned to Achieve $1 Billion in Revenue by 2027 Through Organic Growth, Acquisitions and High-Margin Product Expansion.
* New Rebrand Program with Expansion into Fintech, AI and Cybersecurity to Address Challenges Across Multiple Industries.
* Completed 11 Acquisitions Since 2018 and Actively Pursuing More.
* $1.40 Revenue Per Share and $283.2 Million in Revenue, Fueling 95.9% YOY Growth and Expanding $79 Million Asset Base.
* MOU to Acquire Majority Stake in Fintech Leader GlobeTopper, Driving Fintech Expansion and Strengthening Revenue Outlook.
* MOU for Strategic Sale of BChain Subsidiary to Accredited Solutions, Inc. (ASII).
* IQST Shareholders to Receive ASII Common Shares as a Dividend as Part of Nasdaq Uplisting Plan.
About iQSTEL, Inc.
iQSTEL, Inc. (OTC: IQST) is a US-based multinational company in the final stages of the path to becoming listed on Nasdaq. IQST offers cutting-edge solutions in Telecom, Fintech, Blockchain, Artificial Intelligence (AI), and Cybersecurity. Operating in 21 countries, IQST delivers high-value, high-margin services to its extensive global customer base.
Revenue and Growth
IQST projects $340 million in revenue for FY-2025, building on its strong business platform. IQST has been building a strong business platform with its customers, selling them millions of dollars per month, and by leveraging this trust, the company is now beginning to sell high-tech, high-margin products across its divisions. IQST is strategically positioned to achieve $1 billion in revenue by 2027 through organic growth, acquisitions, and high-margin product expansion.
Financial Results
On March 31st, IQST announced its 2024 financial results, highlighting exponential growth, a stronger business foundation, and an expanding vision beyond telecom. With $283.2 million in revenue, a 95.9% year-over-year increase, and a significant boost in profitability across operating subsidiaries, IQST has not only built a telecom powerhouse but has also been laying the foundation for a diversified, high-tech, high-margin business platform.
Key Financial Indicators
Key Takeaways from the IQST 2024 Financials:
- Unprecedented Growth: Revenue increased 95.9% from $144.5 million in FY-2023, to $283.2 million in revenue in FY-2024, nearly doubling in just one year.
- Operating Subsidiaries' Adjusted EBITDA: IQST subsidiaries surpassed $2.5 million in Adjusted EBITDA, showing our ability to generate sustainable profits.
- Massive Asset Growth: Total assets surged to $79.0 million, up from $22.2 million in 2023, a remarkable 257% increase.
- Strengthened Stockholder Equity: Grew 48% to $11.9 million, up from $8.0 million in 2023.
- Revenue Per Share: Soared to $1.40 in 2024 vs. $0.84 in 2023, an impressive 66.67% improvement.
2025 Growth Strategy
In 2025, IQST is set to maximize efficiency, strengthening its financial position, and accelerating transition toward high-margin technology-driven services.
- Cost Efficiency & Savings Initiatives by implementing a structured cost-saving plan to generate up to $1 million in annual savings while maintaining strong growth momentum.
- Continued Business Consolidation for Maximum Productivity & Growth.
- Debt Reduction Strategy.
- Growth Targets for 2025.
- Additional Strategic Acquisitions for Accelerated Growth.
- Expanding High-Tech, High-Margin Offerings Through Global Business Platform.
By capitalizing on deep industry relationships and existing sales channels, IQST is positioned to seamlessly introduce new high-margin solutions to its global telecom customer base, further strengthening its role as a leader in technology-driven business transformation.
IQST plans to distribute common stock in ASII to its shareholders as a dividend. The Company believes this decision not only rewards current investors but also aligns with IQST broader efforts to enhance shareholder participation and liquidity.
For more information on $IQST visit: www.iQSTEL.com
DISCLAIMER: https://corporateads.com/disclaimer/ Disclosure listed on the CorporateAds website
Media Contact
Company Name: IQSTEL Inc.
Contact Person: Leandro Jose Iglesias, President and CEO
Email: Send Email
Phone: +1 954-951-8191
Address: 300 Aragon Avenue Suite 375, Coral Gables, Florida 33134, United States
Website: http://www.iQSTEL.com
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