Shares of ILUS International (OTCMKTS:ILUS) continued to move within a narrow over the past few session.
Trading Data
On Wednesday, ILUS stock fell 1.92% at $0.4296 with more than 10.58 shares, compared to its average volume of 31.90 million shares. The stock has moved within a range of $0.4110 – 0.4630 after opening trade at $0.4360.
Announces Its Strongest Quarterly Performance to Date
ILUS International (OTCMKTS:ILUS) is focused on M&A strategy of acquisition and growth of global technology firms. The firm came out with quarter three results for the year showing revenues have surged, asset quality has improved and the company has seen growth milestones.
ILUS achieved quarter three revenues of $3,135 million, demonstrating 10% increase over the quarter two. Furthermore, the company’s third quarter gross profit was $881,196.
The company wasn’t able to invoice extra purchase orders during the quarter, amounting to a little more than half a million dollars. Additionally, ILUS has strengthened balance sheets with assets augmenting to $ 26.9 million and is in a strong position for executing deals on the anvil in the coming months.
The firm also made a number of hires during the quarter including new Sales Director, Global Marketing Director, Senior Product Manager for Fixed Firefighting Systems and Senior Electric Vehicle Engineer. 59 new hires were done during the quarter.
ILUS CEO, Nicolas Link said that the company continues on delivering its commitments and its acquisitions have continued sales growth exceeding product development expectations.
Link added that the firm is excited on commencing manufacturing as well as distribution in US and is in a robust position to deal with larger orders. The CEO also opined that quarter four of current year and quarter one of 2022 would be exciting for ILUS Family of Shareholders.
Key Quote
ILUS CEO, Nicolas Link, commented on the third quarter results with the following: “We continue to deliver on our commitments and I am incredibly proud of what the ILUS team has achieved. Our acquisitions have continued their sales growth and exceeded product development expectations. We are excited to begin manufacturing and distribution in the US, through our own acquisitions, and we are in a stronger position than ever to execute much larger deals which we are already busy with. There are plenty of big things to come from us at ILUS. In fact, what we have accomplished is quite insignificant in comparison to what lies just around the corner. Both the 4thquarter of 2021 and the 1stquarter of 2022 are poised to be the most exciting yet for us. As always, we wish to thank our ILUS Family of Shareholders for your ongoing support.”
Technical Data
ILUS stock is trading above the 20-Day and 50-Day Moving averages of $0.42 and $0.36 respectively. Moreover, the stock is trading above the 200-Day moving average of $0.15. The stock is up 443% in the past 3-month.
