ILUS International Inc. (OTC: ILUS) just had its strongest quarterly performance to date with multiple successful acquisitions as it plans to uplist to the NASDAQ. As a mergers and acquisitions company with a focus on acquiring and developing public safety technology-based companies across the globe, there were a number of major catalysts that drove ILUS stock on a major run just 2 months after its initial spike. Since our last article, there have been a number of major catalysts that drove a 49% increase since our last article.

Catalysts

The release of the company’s Q3 report has highlighted new catalysts that are bound to push ILUS even further. Delivering on the first part of its plan, the company confirmed it has initiated a share reduction and succeeded in reducing its outstanding shares by 78 million leaving the OS at 1.14 billion.

In terms of its plans to penetrate the domestic market, the company has also delivered on the first phase of its US roadmap plan after signing pre-contract agreements to acquire its first three businesses. While they’re only the first of many acquisitions to come, these acquisitions will establish ILUS in the US manufacturing and distribution market. 

With this progress, ILUS declared Q3 its strongest quarterly performance to date with a reported revenue of $3.1 million – a 10% increase from its second quarter. Its recent acquisitions have also added to its annual revenue stream by $12 million, which is a good sign for the company’s sustained long-term growth. Aside from that, the company has also invested in assets worth $26.9 million which will help ILUS execute much larger deals in the future.

In light of this growth, some of ILUS’s major acquisitions were recently awarded large projects. In fact, BCD Fire has just started operating on the second phase of the BURJ 2020 – bringing an additional $1 million to the company via its contract. The BURJ 2020 is a promising project that includes work on Dubai’s top commercial developments. After this success, BCD Fire is targeting several other large contracts in the region including TakeLeap and Milanion.

Meanwhile, Bull Head Products – a truck design and manufacturing company – is in the process of signing a $1.1 million contract in Mississippi and is positioned to take advantage of long-term ongoing contracts with a yet-to-be-disclosed prominent global vehicle company.

Currently, the company is in the process of securing a European privatization deal. ILUS is planning to take over the manufacturing plants, operations and staff of 1,500 throughout the deal’s two phases. The first part of the deal, which is already in the works, involves the manufacturing of its E-Raptor range of commercial electric utility vehicles as well as smaller rapid response fire vehicles. Meanwhile, the second part of the deal – which will launch early 2022 – involves larger fire and military vehicles. These manufacturing plants supply several countries across Europe and will support ILUS’s expansion efforts globally. 

To facilitate these deals and prepare for larger deals in the future, ILUS has been investing in upscaling its labor force with recent notable hires in the engineering, production, and operations departments. Furthermore, ILUS has been forming partnerships that complement its current acquisitions and ongoing strategy in the emergency response space. 

This month, the company announced it is entering into an exclusive partnership with a New York based first response software company, well-known for its ground-breaking emergency responder notification and monitoring software. This partnership ties into the company’s belief that reliable communication and wearable technology solutions will become a vital part of first-responders’ rescue equipment. With that in mind, ILUS expects to generate significant sales revenue and transform the emergency response industry with this partnership.

Media Sentiment

The summary of the recent shareholder meetup has made investors like @MoonMarket_ and @igal_n bullish about the future of ILUS stock.

Technical Analysis

ILUS stock chart

Currently, ILUS stock is trading at $.4394 with a support at .3935 and a resistance near .4838. Accumulation is seeing an uptick after an initial downward trend and the MACD had a bullish crossover with no sign of a second crossover. Meanwhile, the RSI is holding at 62.

Should you buy?

Through the acquisition of multiple high quality assets and companies, ILUS has shown its laser focus on uplisting to the NASDAQ. Through its efforts to become a large conglomerate with multiple operating business entities, ILUS is looking forward to what could be a profitable Q4.

Throughout all this, ILUS continues to pride itself on its transparency and communication with shareholders – sharing new updates regarding its roadmap to uplisting at its shareholder’s meeting. Shareholders seem bullish on ILUS’ future after this meeting and given the emphasis on aggressive growth from the company’s Managing Director – John-Paul Backwell – it looks like the company’s business decisions will continue to create value for its shareholders. With such a strong performance this last quarter, investors are speculating that ILUS stock could reach $10 or $20 after uplisting.

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