Recent news highlights include a Nasdaq uplisting, revenue milestones, margin improvements, and analyst buy recommendations.

• iQSTEL reported a 7% increase in margin, indicating operational efficiency improvements [N2].
• The company announced preliminary revenue of $101.5 million for the first five months of 2025 and confirmed its annual revenue outlook [N3].
• Following its uplisting to Nasdaq, iQSTEL articulated a vision to reach $1 billion in revenue, which was accompanied by a surge in its stock price [N4].
• Litchfield Hills reiterated a buy recommendation for iQSTEL, reflecting positive analyst sentiment [N1].

The company has demonstrated revenue growth with a preliminary 5-month revenue of $101.5 million and a 7% margin increase, indicating operational improvements. Its uplisting to Nasdaq and articulated vision to reach $1 billion in revenue reflect strategic ambitions. International operations across multiple countries and sectors such as fintech and AI diversification could provide growth avenues.

iQSTEL has a history of net losses and an accumulated deficit exceeding $43 million, with substantial doubt about its ability to continue as a going concern. The company depends heavily on external financing to sustain operations. Its limited operating history and exposure to international regulatory, economic, and political risks add to operational uncertainties. Profitability has not been achieved and may remain elusive in the near term.

iQSTEL's moat is not explicitly detailed in available disclosures. The company operates in competitive telecommunications and fintech markets with international exposure. Its recent diversification into fintech and AI may offer differentiation, but the limited operating history and ongoing losses suggest the moat is still developing and not yet well established.

• Going Concern and Profitability Risk: The company has substantial doubt about its ability to continue as a going concern due to ongoing losses and accumulated deficit. It depends on obtaining financing or generating profitable operations to sustain itself.
• Financing Dependency: iQSTEL relies on external financing to fund operations and growth initiatives. There is no assurance that financing will be available on acceptable terms or at all.
• Limited Operating History: The company has a limited operating history, especially in its recent diversification into fintech and AI, making it difficult to evaluate future performance.
• International Operations Risks: Global operations expose the company to currency fluctuations, political instability, regulatory compliance challenges, and economic uncertainties that could adversely affect results.
• Market and Competitive Risks: Operating in competitive telecommunications and fintech sectors with larger competitors may limit market share and profitability potential.

• iQSTEL Inc is publicly traded on The Nasdaq Capital Market under the ticker IQST since May 14, 2025.
• The company reported annual revenue of $316.9 million for the fiscal year ended December 31, 2025, according to its 10-K filing.
• Net loss for the same period was approximately $8.5 million, with diluted EPS of -$2.86.
• As of December 31, 2025, iQSTEL had cash and cash equivalents of about $2.16 million and current assets of approximately $36.16 million against current liabilities of about $34.61 million, resulting in a current ratio of 1.04 and a cash ratio of 0.06.
• The company has an accumulated deficit of over $43 million as of December 31, 2025, and has not achieved profitability historically.
• iQSTEL's common stock had a last reported price of $1.59 on March 31, 2026, with approximately 5.07 million shares outstanding held by about 82 record holders.
• The company has recently uplisted to Nasdaq from OTCQX and has a vision to reach $1 billion in revenue.
• Recent news highlights include a 7% margin increase, preliminary 5-month revenue of $101.5 million, and reiterated buy recommendations from analysts.
• iQSTEL operates internationally with significant revenue from outside the U.S., including Asia, Africa, and Latin America, and has offices in multiple countries including the UK, Argentina, Dubai, Serbia, and Turkey.
• The company is engaged in telecommunications and fintech sectors with recent diversification into fintech and AI initiatives.
• iQSTEL faces risks related to its limited operating history, ongoing losses, dependence on external financing, and substantial doubt about its ability to continue as a going concern.
• The company is subject to various international regulatory, economic, and political risks due to its global operations.
• No material legal proceedings are currently pending against the company.
• The company has not declared or paid dividends and does not anticipate doing so in the foreseeable future.