There has almost always been a certain degree of interest in the mergers and acquisitions sector because of the possibility of ushering in strong economies of scale which may often lead to the unlocking of tremendous value. There are plenty of companies that investors may consider looking into if they are currently looking into investing in mergers and acquisition stocks.
One of the companies which could well be looked into at this point in time is ILUS International Inc (OTCMKTS:ILUS). It has been in the mergers and acquisitions game for quite a while and it is a company that has been quite active in deal-making as well. Investors who are interested in ILUS could do well to first take a look at the nature of the company’s operations and also some of the recent developments which might have a bearing on the stock.
Trading Data
On Thursday, ILUS stock gained 0.59% to $0.0856 with more than 11.56 million shares, compared to a volume of 7.22 million shares. The stock moved within a range of $0.0850 – 0.0920 after opening trade at $0.0870.
About The Company
The company is involved in the acquisition and development of companies that are involved in the global manufacturing and technology industries. Some of the industries on which ILUS has a primary focus include life safety technologies, emergency services, emergency response vehicles, disruptive firefighting equipment, and specialist vehicle conversions among others.
In the past, the company had been known as Ilustrato Pictures International Inc but back in January last year it changed its name to ILUS International. It is based out of New York, New York.
OTC: ILUS, ILUS International Summarizes Its Second Quarter of 2022 Results, Including a 588% Revenue Increase Over the Same Period in 2021
Yesterday, the company was in the news cycle after it provided the highlights from its second fiscal quarter financial results. The company announced yesterday that in the second fiscal quarter it had managed to boost its revenues by as much as 588% on a year-on-year basis. On a sequential basis, the revenues went up by as much as 553%.
The company reported that in the second fiscal quarter it had managed to bring in revenues to the tune of as much as $19,677,222. It was also noted that the assets under its control also went up by a substantial degree on a year-on-year basis. In this regard, it is perhaps also necessary to point out that the company had actually projected that it was going to have a strong quarter. Yesterday, ILUS also announced that the substantial growth in revenues has also put it in a position from which it could propel more growth in the second half of 2022 and end the year on a strong footing. ILUS noted that it was on course to hit its forecasted revenues figure of $140 million for the full year.
The company also announced that it was in the final phase of finally concluding its audit and following that it is going to send in its Form 10 to the United States Securities and Exchange Commission so as to become a fully reporting company. In addition to that, ILUS has also been working on aligning its subsidiary units accordingly so that one of the subsidiaries could be uplisted to a major stock exchange eventually.
Technical Data
ILUS stock is trading below the 20-Day and 50-Day Moving averages of $0.18 and $0.1825 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.2633. The company has a total market capitalization of $336K. The stock is down 25% over the past 3 months.
