IQSTEL Inc., a diversified technology firm specializing in telecom, fintech, AI, and cybersecurity, has released a shareholder letter outlining its strategic roadmap. The company, now trading on NASDAQ under the ticker IQST, highlights its direct uplisting without raising funds, a near-$400 million annual run rate, and an ambitious goal to reach $1 billion in revenue by 2027. The letter also details recent acquisitions and institutional investor engagement aimed at driving shareholder value.
IQSTEL achieves NASDAQ uplisting without raising funds.
Company projects $400 million annual run rate by Q3 2025.
$1 billion revenue goal set for 2027 with $20-$30M EBITDA.
Recent Globetopper acquisition adds $60-$70M in revenue.
AI and fintech services, like IQ2Call.ai, drive growth.
Engaging institutional investors without share dilution.
IQSTEL’s transition from OTC to NASDAQ, completed without raising capital, underscores its financial discipline. “We met every NASDAQ requirement organically — from establishing an independent Board and audit committee to strengthening our equity position — and we did it all while preserving shareholder value,” the company stated. This milestone, achieved through organic growth and debt reduction, positions IQSTEL as a standout in the small-cap technology sector, enhancing its visibility to institutional investors.
From $13 million in revenue in 2018 to nearly $300 million in 2024, IQSTEL is on track to achieve a $400 million annual run rate by Q3 2025, ahead of schedule. “We’re already generating positive EBITDA and net income in our operating subsidiaries,” the shareholder letter noted. The company’s diversified portfolio, with 80% telecom and 20% fintech revenue, is expanding into high-margin AI and cybersecurity services, including IQ2Call.ai and AIRWEB.ai, which are already generating traction in the U.S. and Spain.
The July 2025 acquisition of Globetopper added $60-$70 million in annual revenue and positive EBITDA, strengthening IQSTEL’s fintech division. “This acquisition also kickstarted the relaunch of our fintech division, and we have an internal plan to grow Globetopper’s contribution to over $100 million annually,” the letter stated. With another acquisition target identified, IQSTEL aims to integrate businesses that enhance its telecom-fintech-AI ecosystem and contribute significant EBITDA.
IQSTEL’s ambitious $1 billion revenue target by 2027 is underpinned by its multi-year strategy of organic growth and acquisitions. “At that level, we project $20–$30 million in EBITDA per year,” the letter projected, noting that sector peers trade at up to 20x EBITDA multiples. Currently trading below 1x revenue, IQSTEL is actively engaging institutional investors and family offices to align its valuation with industry benchmarks, without issuing new shares.
IQSTEL emphasizes its commitment to transparency and disciplined execution. “We understand our responsibility: this company belongs to our 20,000+ shareholders,” the letter stated. Monthly updates, detailed filings, and direct communication reflect the company’s operational rigor, led by executives with experience at global firms like Verizon and Telecom Italia. This approach, combined with AI-driven innovations and strategic acquisitions, positions IQSTEL for sustained growth.
IQSTEL’s shareholder letter paints a compelling picture of a technology company on the cusp of significant growth. With a clear roadmap, diversified services, and a focus on shareholder value, the company is poised to achieve its $1 billion revenue goal while maintaining financial discipline and transparency.
IQSTEL Inc.is a multinational technology company providing advanced solutions across Telecom, High-Tech Telecom Services, Fintech, AI-Powered Telecom Platforms, and Cybersecurity. With operations in 21 countries and a team of 100 employees, IQSTEL serves a broad global customer base with high-value, high-margin services. Backed by a strong and scalable business platform, the company is forecasting $340 million in revenue for FY-2025, reinforcing its trajectory toward becoming a $1 billion tech-driven enterprise by 2027.
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