Market Undervaluation Insights in Exclusive Interview with Leandro Iglesias, CEO of IQSTEL, Inc. (Nasdaq: IQST)

Rhea-AI Summary

IQSTEL (NASDAQ: IQST) CEO Leandro Iglesias said the market is undervaluing the company despite growth across Telecom, AI, Fintech, and Cybersecurity. Management forecasts $340M revenue for FY‑2025 and a path to $1B by 2027, cites an assets per share of $12.23 versus a market price near $4.50, and reports a current EBITDA run rate of $2.7M with a target of $15M in 2026. The company describes itself as debt‑free, operating in 21 countries, with ~100 employees, partnerships including Cycurion, and a recently announced $500,000 dividend in shares.

Positive

• Forecasted revenue of $340M for FY-2025
• Stated path to $1B revenue by 2027
• Assets per share reported at $12.23
• Debt-free capital structure (no convertibles, no warrants)
• Announced $500,000 dividend in shares

Negative

• Current market price near $4.50 values company below 40% of assets per share
• Current EBITDA run rate of $2.7M remains below the $15M 2026 target
• Key financial projections are forward-looking and subject to execution risks

Insights

Corporate Finance & Telecom Strategist

Company presents materially positive operating metrics and asset-backed valuation claims, but most figures are forward-looking.

IQSTEL reports concrete mid‑term metrics: a forecasted revenue run-rate of $340 million for FY-2025, an asserted path to $1 billion by 2027, a current EBITDA run rate of $2.7 million, and a target EBITDA run rate of $15 million in 2026. The release also cites $12.23 assets per share and a recent $500,000 share dividend, and describes a debt-free capital structure and global telecom reach across 21 countries and 600+ Tier‑1 operators.

The business mechanism is clear: monetizing carrier services, fintech products, AI call automation, and cybersecurity to scale high‑margin revenue. Key dependencies and risks are explicit in the statement: these are management forecasts and non‑GAAP adjustments, meaning reported metrics rely on internal assumptions and exclusions. Verify audited GAAP figures, reconcile Adjusted EBITDA adjustments, and confirm the dividend mechanics and share count used to compute per‑share metrics.

Items to watch near term include public GAAP filings that substantiate the $340 million revenue forecast, the achievement of the $15 million EBITDA run rate in 2026, and any issuer disclosures clarifying the $12.23 assets per share calculation. For validation, expect verifiable SEC filings and audited financials within the next one to four quarters.

Current Assets and Growth Plan Hold Significantly Higher Value Than Reflected in Current Share Price as Company Projects Reaching $1 Billion Revenue by 2027

NEW YORK, Nov. 20, 2025 /PRNewswire/ -- IQSTEL Inc. (NASDAQ: IQST) is a Global Connectivity, AI, and Digital Corporation providing advanced solutions across Telecom, High-Tech Telecom Services, Fintech, AI-Powered Telecom Platforms, and Cybersecurity. With operations in 21 countries and a team of 100 employees, IQSTEL serves a broad global customer base with high-value, high-margin services. Backed by a strong and scalable business platform, the company is forecasting $340 million in revenue for FY-2025, reinforcing its trajectory toward becoming a $1 billion tech-driven enterprise by 2027.

Telecommunications Services

IQSTEL delivers carrier-grade solutions including VoIP, SMS, Fiber Connectivity, DID, eSIM, and Roaming. This division represents the company's operational backbone and generates hundreds of millions in annual revenue.

Fintech: GlobeTopper + GlobalMoneyOne

IQSTEL's fintech ecosystem offers:

• Consumer services: digital bank accounts (no SSN required), Mastercard debit cards, remittances, mobile top-ups.
  
  
• Business services: access to 3,000+ digital gift card brands in 65+ countries, multi-currency and crypto payments, robust APIs.

Artificial Intelligence (AI) Services

Through AirWeb.ai and IQ2Call.ai, IQSTEL provides AI-powered call automation, virtual assistants, and AI agents capable of handling customer service, sales, and transactional interactions across web and voice platforms.

Cybersecurity

In alliance with Cycurion (NASDAQ: CYCU), IQSTEL offers enterprise-grade cybersecurity: 24/7 monitoring, threat detection, incident response, vulnerability assessment, and regulatory compliance—serving telecom and corporate clients.

EXCLUSIVE CEO INTERVIEW:

On November 17, 2025 IQSTEL CEO Leandro Iglesias sat down with Corporate Ads to conduct the following detailed interview for the benefit of IQST shareholders and other investors. This transcript is exclusive to the distribution of the Corporate Ads awareness program.

Corporate Ads: Thank you for another exclusive interview opportunity at this time, Mr. Iglesias. So please tell us, how does IQSTEL management feel about the current price valuation for IQST shares in the general market?

Leandro Iglesias: Despite IQSTEL's strong fundamentals, expanding margins, and accelerating growth, the current market price — around $4.50 per share — in our view does not accurately reflect the company's intrinsic value or long-term potential. We are executing on a clear plan, delivering consistent results, and strengthening the balance sheet quarter after quarter. As we continue to meet our forecasts and scale our high-margin businesses across Connectivity, AI, Fintech, and Cybersecurity, we believe the market will gradually align the share price with the true value we are building.

Corporate Ads: What aspects of the IQSTEL company picture, do you feel are not yet being properly reflected into the IQST share price?

Leandro Iglesias: IQSTEL's net equity per share of $4.66 already shows that the stock is backed by a strong and improving balance sheet. But in our view, this captures only a portion of the company's real value. The current market price does not fully reflect the expansion of our high-margin business lines, our entry into AI, cybersecurity, and fintech, or the strength of our global telecom platform that now reaches more than 600 Tier-1 operators worldwide.

It also does not yet account for our accelerating profitability trend. Our operating subsidiaries have delivered positive Net Income and positive EBITDA for multiple quarters, and we are firmly on track toward achieving a $15 million EBITDA run rate in 2026, a milestone that we believe represents a major revaluation event for the company.

As our performance continues to scale — with a clear roadmap to $340 million in revenue for 2025 and a path toward $1 billion by 2027 — we expect the market to increasingly recognize IQSTEL's intrinsic value.

Corporate Ads: What is your expectation for IQST share value gaining its deserved higher valuation?

Leandro Iglesias: As we continue strengthening our NASDAQ presence, reinforcing our capital structure, and expanding our high-tech product portfolio, we believe the market has a significant opportunity to revalue IQSTEL. Today's share price represents not only a discount to our equity per share, but also a meaningful undervaluation relative to our strategic trajectory and long-term growth prospects.

The reality is very simple:
IQSTEL already has a $2.7 million EBITDA run rate, and comparable companies in our sector typically trade at 10–20× EBITDA multiples. There is a clear valuation gap that, in our opinion, will narrow as we continue delivering strong performance and profitable growth.

And an important point — IQSTEL is a dilutive debt-free company. No convertible notes, no warrants. This positions us exceptionally well for value expansion, especially as we move toward our goal of reaching a $15 million EBITDA run rate in 2026.

We believe the fundamentals are in place for the market to increasingly align IQSTEL's share price with its true intrinsic value.

Corporate Ads: Can you give us a quantitative valuation to illustrate the undervaluation of today's IQST share price relative to the company's current assets? 

Leandro Iglesias: Absolutely. IQSTEL's assets per share of $12.23 provide one of the clearest quantitative indicators of how disconnected the current market price is from the company's real underlying value. When a NASDAQ-listed tech and telecom company trades around $4.50 per share while holding more than $12 per share in assets, the market is effectively valuing the company at less than 40% of its asset base.

This is an unusually deep discount — especially for a company that:

• Is dilutive debt-free (no convertibles, no warrants, no financial overhang)
• Has a global telecom platform serving 600+ Tier-1 operators
• Operates in 21 countries
• Is expanding into AI, cybersecurity, and fintech
• Is delivering strong revenue growth and improving profitability

IQSTEL's asset value was built through years of disciplined expansion, integrating global telecom operations, and investing in high-tech business lines that are now scaling. These assets are real, productive, and directly tied to revenue generation.

In our view, the fact that the market is pricing IQSTEL at less than half of its assets per share highlights one of the clearest value gaps in the small-cap technology sector today.

Corporate Ads: IQSTEL recently announced a $500,000 dividend in shares. How does this initiative reflect the company's commitment to creating value for shareholders?

Leandro Iglesias: The $500,000 dividend in shares is a very clear message: IQSTEL is fully committed to rewarding its shareholders and creating long-term value. This dividend is possible because of the company's strong balance sheet, our debt-free structure, and the strategic partnership with Cycurion. It reflects our confidence in the business, our cash flow trajectory, and the value we believe will continue to grow.

Beyond the dividend itself, the deeper meaning is this:
IQSTEL is transitioning from a phase of heavy investment to a phase of accelerating profitability.

We have reached critical mass, our EBITDA run rate is growing, and our business fundamentals are stronger than ever. Sharing value directly with our shareholders is an important step in demonstrating that we are not just growing — we are growing in a disciplined, shareholder-focused way.

We expect that, as our Telecom, AI, Cybersecurity, and Fintech divisions continue scaling, we will be able to expand these shareholder-value initiatives even further. Our goal is simple: to ensure that IQSTEL's long-term investors experience the full benefits of the growth we are building.

Corporate Ads: So, what should investors expect in terms of IQST shareholder value appreciation as your business plans move forward from here?

Leandro Iglesias: As we continue executing our 2025–2027 roadmap, the foundation for shareholder value creation becomes stronger each quarter. With a revenue run rate above $400 million, a dilutive debt-free balance sheet, expanding high-margin business lines, and a clear path toward a $15 million EBITDA run rate, we believe the market will increasingly recognize the true value of IQSTEL.

We expect that as our Telecom, AI, Fintech, and Cybersecurity divisions scale — supported by the global platform we have built across 21 countries — the company's intrinsic value will become far more visible to institutional investors. In our view, IQSTEL today represents one of the most compelling long-term opportunities in the small-cap technology sector, and we are fully committed to driving shareholder value much higher over the coming quarters and years.

Corporate Ads: Thank you, Leandro Iglesias, CEO of IQSTEL Inc. (NASDAQ: IQST). We greatly appreciate your guidance and insights for the benefit of our investors. We look forward to speaking with you again as IQSTEL moves forward towards its goal of reaching the $1 billion revenue mark by 2027.

Website: www.IQSTEL.com
DISCLAIMER: https://corporateads.com/disclaimer/
Disclosure listed on the CorporateAds website

To enhance transparency and provide easy access to corporate updates, IQSTEL has launched its official Investors Landing Page, a dedicated portal summarizing key financial metrics, strategic milestones, and news updates.

Visit: www.landingpage.iqstel.com

About IQSTEL Inc.

IQSTEL Inc. (NASDAQ: IQST) is a Global Connectivity, AI, and Digital Corporation providing advanced solutions across Telecom, High-Tech Telecom Services, Fintech, AI-Powered Telecom Platforms, and Cybersecurity. With operations in 21 countries and a team of 100 employees, IQSTEL serves a broad global customer base with high-value, high-margin services. Backed by a strong and scalable business platform, the company is forecasting $340 million in revenue for FY-2025, reinforcing its trajectory toward becoming a $1 billion tech-driven enterprise by 2027.

Use of Non-GAAP Financial Measures: The Company uses certain financial calculations such as Adjusted EBITDA, Return on Assets and Return on Equity as factors in the measurement and evaluation of the Company's operating performance and period-over-period growth. The Company derives these financial calculations on the basis of methodologies other than generally accepted accounting principles ("GAAP"), primarily by excluding from a comparable GAAP measure certain items the Company does not consider to be representative of its actual operating performance. These financial calculations are "non-GAAP financial measures" as defined under the SEC rules. The Company uses these non-GAAP financial measures in operating its business because management believes they are less susceptible to variances in actual operating performance that can result from the excluded items, other infrequent charges and currency fluctuations. The Company presents these financial measures to investors because management believes they are useful to investors in evaluating the primary factors that drive the Company's core operating performance and provide greater transparency into the Company's results of operations. However, items that are excluded and other adjustments and assumptions that are made in calculating these non-GAAP financial measures are significant components in understanding and assessing the Company's financial performance. These non-GAAP financial measures should be evaluated in conjunction with, and are not a substitute for, the Company's GAAP financial measures. Further, because these non-GAAP financial measures are not determined in accordance with GAAP, and are thus susceptible to varying calculations, the non-GAAP financial measures, as presented, may not be comparable to other similarly-titled measures of other companies.

Adjusted EBITDA is not a recognized accounting measurement under GAAP; it should not be considered as an alternative to net income, as a measure of operating results, or as an alternative to cash flow as a measure of liquidity. It is presented here not as an alternative to net income, but rather as a measure of the Company's operating performance. Adjusted EBITDA excludes, in addition to non-operational expenses like interest expenses, taxes, depreciation and amortization; items that we believe are not indicative of our operating performance, such as:

• Change in Fair Value of Derivative Liabilities: These adjustments reflect unrealized gains or losses that are non-operational and subject to market volatility.
  
  
• Loss on Settlement of Debt: This represents non-recurring expenses associated with specific financing activities and does not impact ongoing business operations.
  
  
• Stock-Based Compensation: As a non-cash expense, this adjustment eliminates variability caused by equity-based incentives.

The Company believes Adjusted EBITDA offers a clearer view of the cash-generating potential of its business, excluding non-recurring, non-cash, and non-operational impacts. Management believes that Adjusted EBITDA is useful in evaluating the Company's operating performance compared to that of other companies in its industry because the calculation of Adjusted EBITDA generally eliminates the effects of financing, income taxes, non-cash and certain other items that may vary for different companies for reasons unrelated to overall operating performance and also believes this information is useful to investors.

Safe Harbor Statement: Statements in this news release may be "forward-looking statements". Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions, or any other information relating to our future activities or other future events or conditions. Words such as "anticipate," "believe," "estimate," "expect," "intend", "could" and similar expressions, as they relate to the company or its management, identify forward-looking statements. These statements are based on current expectations, estimates, and projections about our business based partly on assumptions made by management. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: our ability to successfully market our products and services; our continued ability to pay operating costs and ability to meet demand for our products and services; the amount and nature of competition from other telecom products and services; the effects of changes in the cybersecurity and telecom markets; our ability to successfully develop new products and services; our ability to complete complementary acquisitions and dispositions that benefit our company; our success establishing and maintaining collaborative, strategic alliance agreements with our industry partners; our ability to comply with applicable regulations; our ability to secure capital when needed; and the other risks and uncertainties described in our prior filings with the Securities and Exchange Commission.

These statements are not guarantees of future performance and involve risks, uncertainties, and assumptions that are difficult to predict. Therefore, actual outcomes and results may and are likely to differ materially from what is expressed or forecasted in forward-looking statements due to numerous factors. Any forward-looking statements speak only as of the date of this news release, and IQSTEL Inc. undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this news release.

For more information, please visit www.IQSTEL.com.

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SOURCE iQSTEL

FAQ

What revenue did IQSTEL (NASDAQ: IQST) forecast for FY-2025 on November 20, 2025?

Management forecasted $340 million in revenue for FY-2025.

How does IQSTEL compare assets per share to its market price on Nov 20, 2025?

IQSTEL reported $12.23 assets per share versus a market price near $4.50, a discount under 40%.

What EBITDA targets did IQSTEL disclose and by when?

IQSTEL reported a current EBITDA run rate of $2.7M and a target of $15M in 2026.

What shareholder action did IQSTEL announce on Nov 20, 2025?

The company announced a $500,000 dividend in shares as a shareholder-value initiative.

What strategic divisions did IQSTEL highlight in the interview?

IQSTEL highlighted Telecom, AI, Fintech, and Cybersecurity as core growth divisions.

How extensive is IQSTEL's global footprint according to management?

Management said IQSTEL operates in 21 countries with about 100 employees and serves 600+ Tier‑1 operators.