IQST · iQSTEL Inc
Substantial doubt about the company's ability to continue as a going concern.
“These conditions, including our recurring losses from operations, and negative operating cash flows, raise substantial doubt about the Company's ability to continue as a going concern.”View the 10-Q filed Aug 18, 2026
20 customers — 85% of revenue (the three months ended March 31, 2026)
“During the three months ended March 31, 2026, we had 20 customers representing 85% of our revenue compared to 19 customers representing 86% of our revenue for the three months ended March 31, 2025.”
23 customers — 80% of receivables (March 31, 2026)
“As of March 31, 2026, approximately 80% of total accounts receivable was concentrated among the Company’s top 23 customers, compared with the same percentage concentrated among 17 customers as of December 31, 2025.”
12 customers — 58% of receivables (March 31, 2026)
“In each such period, 12 of these customers were repeat customers and accounted for 58% and 75% of total accounts receivable as of March 31, 2026 and December 31, 2025, respectively.”
One customer — 20.3% of receivables (March 31, 2026)
“The largest customer represented 20.33% of total accounts receivable as of March 31, 2026, compared with 15.06% as of December 31, 2025.”
Named-executive compensation from the company's DEF 14A proxy statements — salary, bonus, stock and option awards, non-equity incentive, and the company-reported total per executive per fiscal year, exactly as disclosed in the Summary Compensation Table.
No Compensation Data
No Summary Compensation Table has been imported from this company's proxy statements yet.
Executive changes
| Person | Role | Change | Filed |
|---|---|---|---|
| Juan Carlos Lopez Silva | Chief Commercial Officer | Resigned | 2024-03-04 |
| Italo R. Segnini | member of our Board of Directors | Appointed | 2021-06-29 |
| Jose Antonio Barreto | member of our Board of Directors | Appointed | 2021-06-29 |
| Raul A Perez | member of our Board of Directors | Appointed | 2021-06-29 |
| Oscar Brito | member of our Board of Directors | Resigned | 2020-03-30 |