NEW YORK, NY – (NewMediaWire) – November 17, 2021 – ILUS International Inc (OTC: ILUS) remains focused on its M&A strategy of acquiring and growing global technology companies. The company has released its third quarter of 2021 results which show that revenue is up, assets are up and the company has achieved several significant growth milestones.
Following its most recent filings which were submitted on 15 November 2021, ILUS reports that the company achieved third quarter revenue of $3,135 million. This represents a 10% increase over the second quarter revenue of $2,86 million and total revenue for the first 3 quarters was $6,507 million. In addition to increased revenue, ILUS reports that its third quarter gross profit was $881,196 and gross profit for the first 3 quarters was $1,947 million. Due to global shipping delays, ILUS was not able to invoice additional purchase orders received during Q3 which amounted to over half a million dollars. Revenue from these purchase orders will be automatically attributed to the fourth quarter revenue for the company.
In addition to its increased revenue, ILUS reports that it has strengthened its balance sheet with assets increasing to $ 26,9 million. The company remains in a strong position to execute the deals on its radar, with the capability to increase deal size over the coming weeks and months.
ILUS confirmed that as part of the first phase of its Share Structure reorganization, the company reduced its outstanding shares by 78 million to 1,143,530,699.
Additional 3rd quarter highlights for ILUS included the completion of precontract agreements for the acquisition of the company’s first three US acquisitions. Although these are the first of many acquisitions in the United States for ILUS, they represent the establishment of ILUS’ manufacturing and distribution in the US market. The company announced its US roadmap during Q2, which included the acquisition of US manufacturing capability, routes to market and local market knowledge, and during Q3, the company successfully delivered on the first phase of its stated US roadmap. Upon completion of the transactions for the first 3 US acquisitions, ILUS will be adding existing annual revenue of more than $ 12 million to its books.
ILUS made a number of significant new hires during the third quarter, including that of a new Sales Director, Global Marketing Director, Senior Product Manager for Fixed Firefighting Systems and a Senior Electric Vehicle Engineer. In total, ILUS made 59 new hires during the quarter.
ILUS’ acquisitions were awarded a number of contracts too during the third quarter. These include another contract awarded to the company’s Q2 acquisition, BCD Fire, which also obtained a $ 1 million contract for the second phase of the Burj 2020 project in Dubai, United Arab Emirates. Through BCD Fire, ILUS also launched its Virtual Reality Training Platform in the Middle East Region for Fire Extinguisher, CPR and Health and Safety Training. ILUS aims to expand this program globally, including through upcoming acquisitions across the United States. With ILUS analyzing a number of future acquisition opportunities, the company also made substantial progress in the IoT and Software sector and is due to announce very significant partnerships and acquisitions in this arena in the near future.
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.”
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