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NEW YORK - IQSTEL Inc. (NASDAQ:IQST), a technology company with a market capitalization of $26.32 million and impressive revenue growth of 69% over the last twelve months, announced Tuesday a new commercial agreement with ONAR (OTCQB:ONAR) to deploy AIRWEB AI agents for ONAR’s account managers. According to InvestingPro analysis, the stock appears to be undervalued based on its Fair Value metrics.
Under the agreement, IQSTEL will provide dedicated text-based AI assistants integrated into its AIRWEB platform for each ONAR account manager. The AI agents will deliver real-time insights and campaign intelligence without requiring additional infrastructure.
The deployment includes features such as individual secure logins for team members, real-time commercial intelligence, daily data updates, and multi-language support across 57 languages. The system operates with end-to-end encryption and regional data residency in Spain for EU users and Virginia for global users.
"This is much more than a software deployment - it’s a strategic partnership," said Leandro Iglesias, President and CEO of IQSTEL.
The full rollout is expected to be completed within approximately four weeks, according to the press release.
IQSTEL, a multinational telecommunications and technology company operating in 21 countries with 100 employees, positions this collaboration as part of its strategy to deliver high-margin services aligned with its goal of reaching $1 billion in revenue. The company is forecasting $340 million in revenue for fiscal year 2025, though InvestingPro data indicates current challenges with a gross profit margin of just 3.05% and significant cash burn. InvestingPro subscribers have access to 11 additional key insights about IQST’s financial health and growth prospects.
ONAR is described as a marketing technology company and agency network that provides marketing services through an AI-driven approach.
The announcement represents IQSTEL’s continued expansion of its AI product suite, which includes IQ2Call and other technology solutions that leverage its commercial platform currently used by over 600 telecom operators across more than 21 countries. The stock has shown significant volatility, trading between $5.22 and $32.68 over the past 52 weeks, with analysts setting a target price of $18 per share. Discover more detailed financial analysis and investment insights with InvestingPro.
In other recent news, IQSTEL Inc. has reported significant financial developments. The company announced it has surpassed a $400 million annual revenue run rate in the third quarter, ahead of its original year-end target. For the first half of 2025, IQSTEL reported preliminary unaudited revenue of $128.8 million, with June alone contributing $27.3 million. The company also completed a $6.9 million debt reduction, strengthening its financial position. This debt reduction will be reflected in the company’s third-quarter financial reports. Additionally, IQSTEL has launched IQ2Call, an AI-powered call center service, which is being deployed in Spain and the United States. The company also plans to consolidate revenue from its newly acquired Globetopper subsidiary, expected to add between $5 million and $6 million in monthly revenue starting July. IQSTEL is generating positive EBITDA and net income in its operating subsidiaries. These developments come after the company’s recent NASDAQ uplisting, which was completed without raising additional funds.
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