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ILAG

Intelligent Living Application Group Inc.

ILAG

Intelligent Living Application Group Inc. • NASDAQ
$0.49 ▼ -0.89% (-0.00)
Market Cap $10.18 M
52w High $1.06
52w Low $0.34
Dividend Yield 0%
P/E -2.45
Volume 18.15K
Outstanding Shares 20.77M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q4-2024 $3.034M ▼ $1.739M ▼ $-1.441M ▲ -47.502% ▲ $-0.08 ▲ $-1.003M ▲
Q2-2024 $4.473M ▼ $3.033M ▲ $-2.249M ▼ -50.286% ▼ $-0.12 ▼ $-1.917M ▼
Q4-2023 $4.508M ▲ $942.543K ▼ $-680.997K ▲ -15.107% ▲ $-0.038 ▲ $-215.231K ▲
Q2-2023 $1.936M ▼ $2.864M ▲ $-2.821M ▼ -145.715% ▼ $-0.16 ▼ $-2.51M ▼
Q4-2022 $4.815M $2.756M $-1.422M -29.535% $-0.079 $-1.213M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q4-2024 $1.281M ▼ $14.44M ▼ $1.802M ▼ $12.638M ▼
Q2-2024 $2.316M ▼ $16.296M ▼ $2.145M ▲ $14.151M ▼
Q4-2023 $4.484M ▼ $18.284M ▼ $1.881M ▼ $16.402M ▼
Q2-2023 $7.514M ▼ $19.988M ▼ $2.74M ▲ $17.249M ▼
Q4-2022 $9.166M $21.802M $2.35M $19.452M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q4-2024 $-1.441M ▲ $-997.568K ▲ $-80.654K ▼ $43.02K ▲ $-1.035M ▲ $-1.078M ▲
Q2-2024 $-2.249M ▼ $-2.045M ▼ $-34.507K ▲ $-87.578K ▲ $-2.168M ▲ $-2.079M ▲
Q4-2023 $-680.997K ▲ $-1.755M ▼ $-572.212K ▲ $-700.052K ▼ $-3.03M ▼ $-2.328M ▼
Q2-2023 $-2.821M ▼ $-1.408M ▲ $-788.062K ▲ $545.076K ▼ $-1.652M ▼ $-2.196M ▲
Q4-2022 $-1.422M $-2.301M $-4.118M $15.486M $9.057M $-6.419M

Five-Year Company Overview

Income Statement

Income Statement ILAG’s income statement is very small and has stayed flat for several years, with only a modest level of sales and no visible growth trend yet. Profitability is weak: the company has been losing money per share, and those losses have been gradually widening. This suggests that, so far, the shift toward smart locks has not yet translated into meaningful scale or improved earnings in the reported figures.

Balance Sheet

Balance Sheet The balance sheet is tiny and very light, with a small base of assets and equity and essentially no debt. Having no debt reduces financial pressure, but the company’s overall financial cushion appears thin, which can limit its ability to absorb setbacks. Cash resources look limited, so funding growth and product expansion may require careful capital management or outside financing over time.

Cash Flow

Cash Flow Cash flow from operations has hovered around break-even levels, which means the core business is not yet generating strong, self-funding cash. Free cash flow is also roughly neutral, helped by very low investment spending. This keeps cash burn from being extreme but also indicates that the company has not yet invested heavily in scaling up or transforming its operations, at least as reflected in these figures.

Competitive Edge

Competitive Edge Competitively, ILAG brings decades of know-how in mechanical lock manufacturing, established OEM/ODM relationships, and recognized brands in its niche. These strengths can support cost-effective production and quality, especially for traditional locksets. However, in smart locks it faces a crowded field with larger tech-oriented players, strong brands, and fast innovation cycles, so its current moat in the new segment is still relatively shallow and unproven.

Innovation and R&D

Innovation and R&D The company is trying to reinvent itself by moving from traditional mechanical locks to smart home security, including keypad and fingerprint locks and possible future use of blockchain-based security features. The product concepts are modern and in line with industry standards, emphasizing multiple access methods and easy installation. That said, given the company’s small financial footprint, its R&D and innovation efforts likely run on a lean budget, making focus and execution especially important.

Summary

ILAG looks like a very small traditional manufacturer at an early and uncertain stage of a strategic shift into smart home products. Financially, the business is low scale, loss-making, and lightly capitalized but carries no debt, which reduces financial strain. Strategically, its long manufacturing history, certifications, and OEM channels are genuine assets, yet its position in the higher-tech smart lock market is still emerging and faces intense competition. The long-term story hinges on whether ILAG can convert its legacy strengths into a differentiated, scalable smart security franchise before its limited financial resources become a constraint.