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NEW YORK - IQSTEL Inc. (NASDAQ:IQST) announced Monday it has surpassed a $400 million revenue run rate in the third quarter, ahead of its original year-end target, according to a shareholder letter released by the company. The achievement builds on the company’s impressive 69% year-over-year revenue growth, though InvestingPro data shows gross profit margins remain tight at 3.05%.
The telecommunications and fintech company reported preliminary unaudited revenue of $128.8 million for the first half of 2025, with June alone contributing $27.3 million.
IQSTEL completed its acquisition of Globetopper on July 1, which is expected to add $5-6 million in monthly revenue. The acquisition adds $60-70 million in annual revenue with positive EBITDA and strengthens the company’s fintech division.
"We’ve effectively eliminated around $2 of debt per share, creating significant shareholder value," said Leandro Jose Iglesias, President and CEO of IQSTEL, referring to the company’s recent $6.9 million debt reduction.
The company also announced the launch of IQ2Call.ai, an AI-powered call center platform featuring real-time voice AI and multilingual support. The platform is already being deployed in Spain and the U.S.
Hills Research has initiated coverage on IQSTEL with a price target range of $18 to $22 per share, according to the company statement. The stock, currently trading near $9.47, has fallen 45% over the past six months. InvestingPro analysis suggests the stock may be undervalued, with 12 additional exclusive insights available to subscribers.
IQSTEL maintains its $340 million revenue forecast for 2025 and aims to reach $1 billion in annual revenue by 2027. The company currently operates in 21 countries with 100 employees. With a market capitalization of $27.45 million and significant revenue growth targets, investors can access detailed financial health scores and valuation metrics through InvestingPro.
The information in this article is based on a press release statement from IQSTEL Inc.
In other recent news, IQSTEL Inc. has reported preliminary unaudited revenue of $128.8 million for the first half of 2025, with June alone contributing $27.3 million. This marks a significant increase from May’s revenue and is bolstered by the company’s recent acquisition of GlobeTopper, expected to add $5 million to $6 million in monthly revenue. IQSTEL has maintained its full-year revenue forecast of $340 million but projects reaching a $400 million annualized revenue run rate during the third quarter of 2025. The company also announced a $6.9 million reduction in debt, which will positively impact its financial position and enhance cash flow. Additionally, IQSTEL has launched IQ2Call, an AI-powered call center service, as part of its strategy to expand beyond traditional telecom services. The service is being rolled out in Spain and the United States, targeting a global call center market valued at approximately $496 billion. In a strategic move, IQSTEL acquired a 51% stake in fintech firm GlobeTopper, aiming to leverage its client base and innovative products to scale globally. The acquisition aligns with IQSTEL’s goal to achieve $1 billion in annual revenue by 2027.
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