ILUS Files Its 2022 Annual Report With the SEC, Confirming a 595% Revenue Increase Over 2021
April 10 2023 - 8:04AM
InvestorsHub NewsWire
NEW YORK, NY -- April 10, 2023 -- InvestorsHub NewsWire
-- ILUS International Inc. (OTC:
ILUS) is a Mergers and Acquisitions company focused on
acquiring and growing companies in the public safety, industrial,
defense and renewable sectors. The company has filed its Form
10-K Annual Report with the U.S. Securities and Exchange Commission
(“SEC”) for the fiscal year ended December 31,
2022. The Form 10-K is available on
otcmarkets.com in the disclosure section under SEC Filings, as
well as on the SEC’s website at sec.gov.
Below are some of the financial highlights from the filing:
- 2022 Revenue: $78.3M
- 2022 Net Profit: $4.5M
- 2022 Revenue Run Rate: $140M (Q4 annualized)
- Total Assets: $251M
- 2023 Annual Revenue Forecast: $200M+
Additional business progress highlights:
- 2020, 2021 and 2022 audits completed
- SEC Reporting and Penny Stock Exempt
- Expansion to 11 companies in the group
- $150M+ in existing Purchase Orders
- Increase to over 10 million square feet in facilities and
workforce of over 1200
- New Headquarters in Dubai, United Arab Emirates
“Our 2022 annual results confirm our impressive growth as a
company. Since the start of 2023, we have been forging ahead with
several key areas identified for improvement and expansion across
the group, and it is satisfying to see the progress we have made
towards this in the first quarter,” said ILUS Managing Director,
John-Paul Backwell.
Some of the key areas of business focus that are underway or
planned include the following:
- Expansion of Emergency Response Technologies (ERT) in the
United States through increased US vehicle and equipment
manufacturing and planned acquisitions
- Planned up listing of ILUS’ Industrial and Manufacturing
subsidiary, QIND
- Integration and consolidation of existing new acquisitions
- Increased profitability across the group while balancing the
ongoing and increased investment in subsidiaries for areas such as
product development, sales, and marketing
- Expansion of Replay Solutions (Renewables subsidiary) and
Hyperion Defense Solutions (Defense subsidiary) through
acquisitions and strategic partnerships
CEO of ILUS, Nicolas Link added, “The filing of our 10-K for
2022 rubber stamps our immense progress as a group. Although we are
pleased, we are never satisfied, and despite navigating several
capital market challenges that cannot be overlooked, we remain well
on our way towards achieving our most significant milestones as a
group and even greater results in 2023.”
For further information on ILUS, please see its communication
channels:
Website: https://ilus-group.com
Twitter: @ILUS_INTL
Email: IR@Ilus-Group.com
Source: ILUS
Related Links
https://ilus-group.com
Forward-Looking Statement
Certain information set forth in this press release contains
"forward-looking information", including "future-oriented financial
information" and "financial outlook", under applicable securities
laws (collectively referred to herein as forward-looking
statements). Except for statements of historical fact, the
information contained herein constitutes forward-looking statements
and includes, but is not limited to, the (i) projected financial
performance of the Company; (ii) completion of, and the use of
proceeds from, the sale of the shares being offered hereunder;
(iii) the expected development of the Company's business, projects,
and joint ventures; (iv) execution of the Company's vision and
growth strategy, including with respect to future M&A activity
and global growth; (v) sources and availability of third-party
financing for the Company's projects; (vi) completion of the
Company's projects that are currently underway, in development or
otherwise under consideration; (vi) renewal of the Company's
current customer, supplier and other material agreements; and (vii)
future liquidity, working capital, and capital requirements.
Forward-looking statements are provided to allow potential
investors the opportunity to understand management's beliefs and
opinions in respect of the future so that they may use such beliefs
and opinions as one factor in evaluating an investment. These
statements are not guarantees of future performance and undue
reliance should not be placed on them. Such forward-looking
statements necessarily involve known and unknown risks and
uncertainties, which may cause actual performance and financial
results in future periods to differ materially from any projections
of future performance or result expressed or implied by such
forward-looking statements. Although forward-looking statements
contained in this presentation are based upon what management of
the Company believes are reasonable assumptions, there can be no
assurance that forward-looking statements will prove to be
accurate, as actual results and future events could differ
materially from those anticipated in such statements. The Company
undertakes no obligation to update forward-looking statements if
circumstances or management's estimates or opinions should change
except as required by applicable securities laws. The reader is
cautioned not to place undue reliance on forward-looking
statements. The Securities and Exchange Commission ("SEC") has
provided guidance to issuers regarding the use of social media to
disclose material non-public information. In this regard, investors
and others should note that we announce material financial
information via official Press Releases, in addition to SEC
filings, press releases, Questions & Answers sessions, public
conference calls and webcasts also may take time from time to time.
We use these channels as well as social media to communicate with
the public about our company, our services, and other issues. It is
possible that the information we post on social media could be
deemed to be material information. Therefore, considering the SEC's
guidance, we encourage investors, the media, and others interested
in our company to review the information we post on the following
social & media channels:
website: https://ilus-group.com Twitter:
OTC_ILUS
Note: ILUS Coin does not sit within ILUS International Inc
(Ilustrato Pictures International Inc), so the public are
recommended to follow the correct Media Channels relating to the
public company OTC:
ILUS
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