Intelligent Highway Solutions Inc (OTCMKTS:IHSI) is seeing interest today on the OTC because it released its quarterly report and the company has some interesting revenues to show. IHSI is doing more and more to be transparent with investors, and those actions might be paying off with increased volume on the stock.
IHSI reported $633k in revenue in its most recent quarterly filing with a total net of $74k. The company has been working to get current on its filings and the market is showing momentum behind it. Volume was 30,764,997 this morning and the price has gone to.0001.
Intelligent Highway Solutions, Inc. operates as a technology based highway solutions contractor in California. The company focuses on providing corrective service and maintenance services for the California state transportation infrastructure.
It also distributes standard lighting solutions, as well as custom lighting products for indoor and outdoor applications. In addition, the company installs temperature control systems and associated sensors, as well as engages in the other general electrical contracting works. Intelligent Highway Solutions, Inc. was founded in 2011 and is based in Elk Grove, California.
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The company has been working hard to be forthcoming with information and recent announcement have promised a change and it seems investors are getting that. Here was a quote from its last update.
“IHSI appreciates the patience of its shareholders and announces that it has taken a key step to be current with its financial filing requirements,” said Devon Jones, CEO. “We are pleased to announce that with the filings we are one step closer to insuring that our financial obligations are current and compliant. We will be filing our 2017 10Qs in July, which will include the consolidated financial information concerning Cresent Construction Inc.,” Mr. Jones said. “We will also shortly introduce our new website that will highlight our Company and its achievements and opportunities.”
Really, the last bit of news from IHSI was announcement from installation of its Suncloak lighting systems leading to a purchase order of $92k
“The completions of these installations are very significant for the Company,” stated Devon Jones, CEO of IHSI. “Having multiple growers using the Suncloak light prove the concept of the vertical lighting increasing yields and saving operational cost.”
There are several growers currently considering installations pending their review of the AAA ORGANICS installation; and verification of the stated benefits of the Suncloak systems.
Andrew Harrison, CEO of AAA Organics stated, “With two to three weeks left to harvest, the Suncloak lighting system has continued to outperform any light we have used in the industry. We look to expand our grow facility and purchase more Suncloak lights in the coming weeks.”
IHSI does a variety of things but stick to agricultural growing lighting and traffic solutions. The same lighting solutions can also be used in smart parking applications.
Intelligent Highway Solutions Inc (OTCMKTS:IHSI) is starting to gain momentum and there are some signs of a potential rip coming. IHSI is triple sub-penny here, and if the stock can go past .002 is the question. IHSI currently has a market cap of $1.03M with 5.14 billion shares outstanding. We will be watching to see if it can get over the hump. For continuing coverage on shares of $IHSI stock, as well as our other breakout stock picks, sign up for our free newsletter today and get our next hot stock pick!
Disclosure: we hold no position in $IHSI, either long or short, and we have not been compensated for this article.