Quarterly ResultMay 20, 2026, 04:14 PM
iQSTEL Q1 Revenue Up 70% to $97.9M; Loss Per Share Improves to $(0.29)
AI Summary
iQSTEL Inc. reported a significant increase in revenues for the three months ended March 31, 2026, reaching $97.9 million, a 70% rise from the prior year. Despite this growth, the company recorded a net loss of $1.36 million, though its loss per share improved to $(0.29) from $(0.44) in Q1 2025. The company continues to face challenges, including recurring losses and negative working capital, which raise substantial doubt about its ability to continue as a going concern.
Key Highlights
- Revenue increased by 70% to $97.9 million for Q1 2026, up from $57.6 million in Q1 2025.
- Net loss attributed to iQSTEL Inc. was $1.36 million for Q1 2026, compared to $1.16 million in Q1 2025.
- Basic and diluted loss per common share improved to $(0.29) in Q1 2026 from $(0.44) in Q1 2025.
- Gross profit rose 7.5% to $2.08 million in Q1 2026 from $1.93 million in Q1 2025.
- Net cash used in operating activities significantly improved to $(175,447) from $(1.91 million) year-over-year.
- Cash at the end of the period was $2.60 million, up from $1.09 million in Q1 2025.
- Telecom Division accounted for 87% of Q1 2026 revenues, with Fintech contributing 13%.
- The company's ability to continue as a going concern is in substantial doubt due to recurring losses and negative working capital.
Price Impact
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