Helix TCS Inc (OTCMKTS: HLIX) Making All The Right Moves

Helix TCS Inc (OTCMKTS: HLIX) has been a steady winner for Insider Financial subscribers. We hit the stock for 111% gains earlier this year. While the stock has sold off on profit-taking, there's a lot to like with Helix. As we take a closer look at the latest updates from the company, revenue growth is exceeding our expectations and this excitement looks to be setting HLIX up for another big run. HLIX Daily ChartHLIX BackgroundFirst up, here's a little background info for those that aren't familiar with Helix TCS. Helix TCS Inc is a leading provider of ancillary services for the legal cannabis industry, helping owners and operators of licensed cannabis businesses stay competitive and compliant while mitigating risk. Through its proprietary technology suite and security services, Helix TCS provides comprehensive supply chain management, compliance tools, and asset protection for any license type in any regulated cannabis market. Helix TCS’s products reach over 2,000 customer locations in 33 states and 5 countries and have processed over $18 billion in cannabis sales.Impressive Q4 NumbersFor the fourth quarter, total revenues increased by 189% to $3.45 million. Gross profit for the quarter was $1.37 million, a 40% gross margin. For the full year 2018, the Company generated revenues of $9.56 million, and gross profit of $3.59 million, for an annual gross margin of 38%. Zachary L. Venegas, Executive Chairman and CEO of Helix TCS, said:

"Our strong fourth quarter results demonstrate continued execution on our business strategy, which we look forward to building upon in 2019. In 2018, the industry faced numerous program delays and licensing obstacles, resulting in lower growth in licensees nationwide than most predicted. Despite these challenges, we have been able to maintain smooth quarter over quarter growth and expect 2019 to present further opportunities as states like California reach fully operational status and international markets take shape."

California ExpansionThis month, Helix TCS acquired Tan's International Security, a California-based, veteran-owned security business that is licensed to provide physical security guards and perform digital security system installs in the state of California. The terms of the transaction provide for Helix to pay to the shareholders of Tan's cash and stock consideration of over $800,000 based on Helix's closing price on Monday, April 1st, 2019. Zachary L. Venegas, Executive Chairman and CEO of Helix TCS, said:

"Our security vertical became the largest provider of security services to Colorado's legal cannabis industry in only 3 years through a disciplined focus on customer needs and excellence in operations. We are confident that the acquisition of Tan's International will support Helix TCS in our continued expansion into California."

International ExpansionA prime growth driver for Helix TCS is international expansion. Last month, the company expanded its international footprint with licensed cannabis cultivators and manufacturers in the United Kingdom using the industry-leading seed-to-sale tracking solution, BioTrackTHC. The cannabis industry is rapidly globalizing, and by providing technology and services that are applicable to regulatory environments anywhere in the world, Helix is prepared to meet demand with an expanding suite of technology offerings. Helix has also established customer networks in Canada, Colombia, Jamaica, Australia, and New Zealand, as well as throughout the U.S.Bottom LineCurrently trading with a market cap of $156 million, HLIX is an exciting pick-and-shovel play in the cannabis space. With the recent addition of former Mexican President Vicente Fox to the Board of Directors, we believe things are just getting started for HLIX in terms of international expansion. Vicente Fox can open a lot of doors for Helix TCS. We reiterate our expectation of new highs as 2019 looks to be a big year for Helix TCS and its shareholders.We will be updating our subscribers as soon as we know more. For the latest updates on HLIX, sign up below!Disclosure: We have no position in HLIX and have not been compensated for this article.Photo by Nextvoyage from Pexels