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IQSTEL's Remarkable Financial Performance in 2024

IQSTEL Inc. (OTCQX: IQST) has recently unveiled its outstanding financial results for 2024, marking a pivotal year for the company as it continues to expand its horizons beyond traditional telecommunications. With revenues soaring to $283.2 million, a staggering 95.9% increase compared to the previous year, IQSTEL is making waves in the tech industry while establishing a robust foundation for sustainable growth.

In FY-2024, IQSTEL achieved a remarkable $1.40 revenue per share, compared to $0.84 the year prior, illustrating a significant climb of 66.67%. This progressive ascent is attributable not only to the company's strategic acquisitions but also to its organic growth driven by key subsidiaries like Etelix and Swisslink, as well as its recent QXTEL acquisition that has broadened its reach into new high-value markets.

Financial Highlights

The financial results for 2024 reflect IQSTEL’s solid performance across multiple fronts:

• - Revenue Growth: The revenue nearly doubled from $144.5 million in FY-2023 to $283.2 million this year, driven largely by the company’s focused strategies in the telecommunications domain and the accelerated growth of its subsidiaries.
• - Adjusted EBITDA: The operating subsidiaries collectively amassed over $2.5 million in Adjusted EBITDA, signaling effective profit generation.
• - Asset Base Expansion: Total assets surged to $79 million, a sizeable increase from the previous $22.2 million, exhibiting a 257% growth that underscores IQSTEL’s solid foundation.
• - Stockholder Equity Enhancement: Stockholder equity rose to $11.9 million, representing a 48% increase compared to $8 million in 2023.

Growth Driven by Innovations and Focus on High-Tech Services

IQSTEL is not merely resting on its laurels; the company is strategically positioning itself for the future with initiatives focused on fintech, AI, and other advanced technologies which promise high margins and substantial growth opportunities. The acquired QXTEL, already contributing significantly to revenue, is anticipated to unlock international markets and enhance financial strength through its well-established customer base.

Throughout the year, both Etelix and Swisslink have demonstrated robust performance with notable increases in revenue, contributing substantially to the company’s organic growth. For instance, Etelix achieved $69.8 million in revenue, escalating from $44 million, showcasing an astonishing 58.63% growth.

Looking Ahead to 2025

As IQSTEL embarks on 2025, the company has set ambitious targets, aiming for a revenue run rate of $400 million. Plans are in place for debt reduction and cost efficiency while the ongoing focus will remain on enhancing the operational infrastructure that supports these initiatives. Furthermore, additional strategic acquisitions are being considered to align with the overarching goal of building a profitable, sustainable business model.

The commitment to maximizing operational efficiency is reflected in an ongoing cost-saving initiative forecasted to yield up to $1 million in annual savings. With a dedicated focus on scaling its operations and integrating high-tech solutions, IQSTEL is gearing up to augment its competitive edge in the telecom and fintech landscape dramatically.

Conclusion

IQSTEL's financial results for 2024 highlight not only a commendable level of growth but also a strategic vision aimed at becoming a leader in technology-driven services. With plans to expand into high-margin sectors, including cybersecurity and AI-driven technologies, the company is well on its way to realizing its goal of achieving $1 billion in revenue. As the telecom landscape continues to evolve, IQSTEL's innovative strategies and strong performance present a robust case for its continuing success in the coming years. This journey promises to be exciting, with stakeholders ready to witness the unfolding success story of IQSTEL.