NEW YORK, NY, April 10, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – 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
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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:
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