IQSTEL Reports 69.9% Q1 Revenue Growth to $97.9M, But Gross Profit Up Only 7.8%
IQST is trading near its 52-week low of $1.21 (6.5% above the low) on light trading volume (0.4× avg).
Summary
iQSTEL reported Q1 2026 revenue growth of 69.9% to $97.9 million. This press release follows the 10-Q filed yesterday, which disclosed similar revenue growth but also highlighted higher net losses, negative working capital, and substantial doubt about the company's ability to continue as a going concern. Despite strong top-line growth, gross profit only increased 7.8% to $2.08 million, indicating significant margin pressure. The company is reiterating its strategic pivot towards higher-margin digital services and its FY 2026 revenue target of $430 million. An earnings call is scheduled for today, May 21st, at 8:30 AM ET, which may offer more details on profitability and the company's financial outlook.
At the time of this announcement, IQST was trading at $1.29 on NASDAQ in the Technology sector, with a market capitalization of approximately $6.5M. The 52-week trading range was $1.21 to $14.46. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: PR Newswire.