IQSTEL Reports $37.5 Million in July Revenue with Annualized Run Rate of $450 Million
IQSTEL Inc. (NASDAQ: IQST) reported net revenue of $37.5 million for July, translating to an annualized run rate of $450 million based on the month's performance. This result supports the company’s full-year revenue target of $430 million. The figure is calculated by multiplying July’s net revenue by 12 and does not represent actual earned revenue or a revised forecast. The company also anticipates completing its acquisition of Ultranet, which it expects to contribute an additional $4.5 million in annualized net income if the deal closes as planned. IQSTEL is expanding into Digital Services, including microdrama distribution, with projected profit contributions ranging from $1.8 million to $3.6 million annually at 300,000 active paid monthly subscriptions. IQSTEL's strategy combines its telecom scale with high-margin digital services across entertainment and technology sectors. The company aims to leverage existing telecom relationships for new offerings in AI, cybersecurity, fintech, and health tech.
Topics: acquisition digital_services revenue