IQSTEL reports $35 million July revenue, exceeds run rate target

NEW YORK - IQSTEL Inc. (NASDAQ:IQST) announced Tuesday it achieved preliminary July 2025 revenue of approximately $35 million, surpassing its $400 million annualized revenue run rate five months ahead of internal schedule.

The telecom and fintech company stated that maintaining this revenue level through the second half of 2025 would result in $210 million in second-half revenue, keeping it on track to reach its $340 million full-year revenue goal. The current revenue mix is approximately 80% telecom and 20% fintech.

IQSTEL has reduced nearly $7 million in debt since its NASDAQ uplisting, with $3.5 million converted into preferred shares. The company is upgrading its accounting systems to enable monthly reporting of both revenue and EBITDA.

The firm recently signed a Memorandum of Understanding with Cycurion Inc. (NASDAQ:CYCU) to integrate cybersecurity services into its business platform. Through this collaboration, the companies plan to deliver AI-driven cybersecurity solutions to telecom operators, governments, and enterprises. According to InvestingPro data, Cycurion faces significant financial challenges, with a weak Financial Health Score and concerning cash burn rate. The company’s stock has declined nearly 99% over the past six months, highlighting potential risks in this partnership.

IQSTEL maintains its strategic target of reaching $1 billion in revenue by 2027. The company currently operates in 21 countries with 100 employees, serving a global customer base. For deeper insights into IQSTEL’s growth trajectory and comprehensive analysis of its partnerships, including 12+ additional ProTips about Cycurion, consider exploring InvestingPro.

"We think long-term," said Leandro Iglesias, CEO of IQSTEL, in the press release statement. "Our strategies are designed not only to deliver strong results in the coming years but also to ensure IQSTEL is ready to lead our industry into the next decade."

In other recent news, Cycurion, Inc. has finalized an agreement to acquire a 51% equity interest in SLG Innovation Inc. This transaction includes a $2 million prepaid deposit, 508,141 shares of common stock, 51 shares of Series E Convertible Preferred Stock, and $10,814,147 in accounts receivable owed from SLG. Additionally, Cycurion has secured new contracts totaling over $8 million with government and commercial clients, including a $6 million deal with a major municipal transportation agency for IT and cybersecurity solutions.

Cycurion is also advancing its strategic partnership with IQSTEL Inc. to develop cybersecurity solutions for the telecommunications industry, including a white-label platform called "Cyber Shield." Furthermore, Cycurion has been named a Preferred Vendor by the Independent Colleges and Universities of Florida, allowing it to offer cybersecurity services to 30 member institutions. The company confirmed that its common stock and warrants will continue to be listed on NASDAQ, following a recent SEC filing.

These developments highlight Cycurion’s ongoing efforts to expand its market presence and enhance its cybersecurity offerings across various sectors.

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