ILUS International Inc. (OTCMKTS:ILUS) Stock Soars 180% in a Month: But Why?

ILUS International Inc. (OTCMKTS:ILUS) jumped 7% and 180% in a month. After acquiring three companies so far this year, the company is working on adding more acquisitions. At the same time, develop, test, and certify new technologies to add to the current disruptive patented tech stable. To leverage the acquisitions, the company has appointed Jason Bolze as a sales director.

Bolze has over ten years of sales experience that include four as DetegoGlobal’s regional sales director. In addition, he has the experience and a track record of selling in the public safety tech segment, where he surpassed necessary growth targets.

The company had a strong Q2 2021 in which both revenue and profit increase with considerable growth milestones. Revenue in Q2 2021 was $2.86 million representing a 462% QoQ growth from $509,000 in Q1 2021. Additionally, gross profit was in Q2 2021 was up 375% to around $992,000 from $209,000 in Q1 2021. The company also enhanced its balance share, increasing assets to approximately $24.5 million and cash increase. Investors should keep an eye on ILUS.

Market Reaction:

On Friday, ILUS stock gained 7% at $0.1118 with more than 16.05 million shares, compared to its average volume of 17.65 million shares. The stock has moved within a range of $ 0.0980 – 0.1124 after opening the trade at $0.1039.