IQSTEL Posts $37.5M July Revenue, Eyes $4.5M From Ultranet Deal
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New York – September 22, 2026 -- IQSTEL Inc. (NASDAQ: IQST) reported net revenue of $37.5 million for July, translating to an annualized run rate of $450 million based on that single month's performance.
July revenue run rate tops company's $430 million full-year target
The Company said the July figure supports its previously stated $430 million full-year revenue objective. IQSTEL clarified that the annualized rate simply multiplies July net revenue by 12 and does not reflect revenue already booked or a change to its full-year forecast.
Ultranet acquisition expected to add $4.5 million in net income
IQSTEL is finalizing its planned acquisition of Ultranet, which management expects to contribute $4.5 million in net income once completed. The Company noted the projected contribution depends on closing the deal and subsequent operating performance.