iQSTEL Posts $207M H1 Revenue, Eyes $500M+ Run Rate After Ultranet Deal
IQST is trading near its 52-week low of $0.87 (3.4% above the low) on light trading volume (0.2× avg).
Summary
iQSTEL reported preliminary first-half 2026 revenue of $207 million, up 59% from $130 million a year ago. The company expects to surpass a $500 million annual revenue run rate and exceed $8 million in annual EBITDA once the Ultranet Telecom acquisition closes, which is now expected to be completed during the third quarter. This follows the binding MOU announced in June and the $50 million equity line disclosed in May. The revenue beat and forward guidance provide concrete numbers that materially raise the growth trajectory, though the company still carries going-concern risk and negative working capital. The stock trades near its 52-week low of $0.87, so this update could force a reassessment of the risk/reward. The Ultranet closing remains the key catalyst.
At the time of this announcement, IQST was trading at $0.90 on NASDAQ in the Technology sector, with a market capitalization of approximately $8.5M. The 52-week trading range was $0.87 to $10.38. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: PR Newswire.