Revenue has plummeted from $7.3 million in 2021 to $2.2 million in 2025Q4, while gross margins have deteriorated to a negative 5.3%.
| Sales/Revenue | 4.49M | 7.51M | 6.44M | 12.16M | 12.54M | 11.22M | 11.13M | 14.42M |
| Revenue Growth % | -40.14% | 16.5% | -47% | -3.07% | 11.8% | 0.81% | -22.79% | - |
| Cost of Goods Sold | 4.36M | 6.99M | 5.81M | 10.27M | 11.23M | 9.64M | 10.01M | 13.44M |
| COGS % of Revenue | 97.11% | 93.15% | 90.17% | 84.43% | 89.54% | 85.93% | 89.95% | 93.22% |
| Gross Profit | 129.8K | 514.05K | 633.34K | 1.89M | 1.31M | 1.58M | 1.12M | 977.44K |
| Gross Margin % | 2.89% | 6.85% | 9.83% | 15.57% | 10.46% | 14.07% | 10.04% | 6.78% |
| Gross Profit Growth % | -74.75% | -18.83% | -66.54% | 44.24% | -16.85% | 41.16% | 14.38% | - |
| Operating Expenses | 16.69M | 4.36M | 4.53M | 4.46M | 3.05M | 2.59M | 2.5M | 2.38M |
| OpEx % of Revenue | 371.41% | 58.07% | 70.26% | 36.69% | 24.33% | 23.05% | 22.46% | 16.5% |
| Selling, General & Admin | 15.04M | 3.71M | 4.5M | 4.31M | 3.05M | 2.59M | 2.5M | 2.38M |
| SG&A % of Revenue | 334.67% | 49.41% | 69.84% | 35.48% | 24.33% | 23.05% | 22.46% | 16.5% |
| Research & Development | 1.65M | 649.75K | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | 36.74% | 8.66% | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 26.93K | 147.59K | 0 | 0 | 0 | 0 |
| Operating Income | -16.56M | -3.84M | -3.89M | -2.12M | -1.74M | -1.01M | -1.38M | -1.45M |
| Operating Margin % | -368.52% | -51.22% | -60.43% | -17.42% | -13.87% | -8.99% | -12.42% | -10.06% |
| Operating Income Growth % | -330.71% | 1.26% | -83.88% | -21.71% | -72.57% | 27.05% | 4.68% | - |
| EBITDA | -15.77M | -3.05M | -3.2M | -1.81M | -1.48M | -742.56K | -1.1M | -1.15M |
| EBITDA Margin % | -350.97% | -40.59% | -49.67% | -14.92% | -11.8% | -6.62% | -9.87% | -7.95% |
| EBITDA Growth % | -417.58% | 4.79% | -76.39% | -22.52% | -99.41% | 32.39% | 4.12% | - |
| D&A (Non-Cash Add-back) | 788.72K | 797.66K | 693.53K | 303.27K | 259.12K | 265.69K | 283.9K | 304.51K |
| EBIT | -16.56M | -3.58M | -3.42M | -1.51M | -1.33M | -986.24K | -1.25M | -1.36M |
| Net Interest Income | -39.36K | 57.54K | 217.91K | -119.66K | -57.58K | -28.86K | -25.52K | -48.4K |
| Interest Income | 7.92K | 83.38K | 244.84K | 27.93K | 199 | 251 | 817 | 697 |
| Interest Expense | 47.28K | 25.83K | 26.93K | 147.59K | 57.77K | 29.11K | 26.34K | 49.1K |
| Other Income/Expense | -2.76M | 263.49K | 448.47K | 609.24K | 411.15K | 22.01K | 103.5K | -8.41K |
| Pretax Income | -19.32M | -3.61M | -3.45M | -1.66M | -1.39M | -1.02M | -1.28M | -1.41M |
| Pretax Margin % | -429.98% | -48.05% | -53.47% | -13.62% | -11.05% | -9.05% | -11.49% | -9.78% |
| Income Tax | 25.85K | 83.21K | 56.24K | 0 | 0 | 0 | 0 | 119.86K |
| Effective Tax Rate % | -0.13% | -2.31% | -1.63% | 0% | 0% | 0% | 0% | -8.5% |
| Net Income | -19.35M | -3.69M | -3.5M | -1.66M | -1.39M | -1.02M | -1.28M | -1.41M |
| Net Margin % | -430.56% | -49.16% | -54.34% | -13.62% | -11.05% | -9.05% | -11.49% | -9.78% |
| Net Income Growth % | -424.28% | -5.39% | -111.46% | -19.43% | -36.56% | 20.59% | 9.27% | - |
| Net Income (Continuing) | -19.35M | -3.69M | -3.5M | -1.66M | -1.39M | -1.02M | -1.28M | -1.41M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -9.50 | -2.00 | -1.90 | -0.92 | -0.77 | -0.56 | -0.71 | -0.78 |
| EPS Growth % | -375% | -5.26% | -107.2% | -19.4% | -36.65% | 20.62% | 9.23% | - |
| EPS (Basic) | -9.50 | -2.00 | -1.90 | -0.92 | -0.77 | -0.56 | -0.71 | -0.78 |
| Diluted Shares Outstanding | 2.04M | 1.81M | 1.81M | 1.81M | 1.81M | 1.81M | 1.81M | 1.81M |
| Basic Shares Outstanding | 2.04M | 1.81M | 1.81M | 1.81M | 1.81M | 1.81M | 1.81M | 1.81M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - |
Liquidity and operational insolvency
As evidenced by the most recent quarterly data, ILAG's revenue has experienced a sharp 27.9% year-over-year decline, reflecting a broader pattern of volatility where top-line figures have plummeted from $7.3 million in 2021 to just $2.2 million in the most recent reporting period.
The consistent downward trajectory in revenue suggests that the company is losing its foothold in competitive hardware markets, likely due to a lack of product differentiation. Investors should monitor whether this contraction represents a permanent loss of distribution channels or merely cyclical sensitivity to housing market headwinds.
Based on reported financial statements, the company's gross margin has collapsed into negative territory at -5.3%, a stark reversal from the 23.7% levels observed in late 2022, indicating that production costs now consistently exceed the value generated from product sales.
This margin profile suggests that the company lacks the pricing power necessary to offset rising input costs or manufacturing inefficiencies. The inability to maintain positive gross margins implies that the current business model may be fundamentally unviable without a significant shift in production strategy or cost structure.
According to recent SEC filings, ILAG's operating expenses have ballooned to $9.4 million against a mere $2.2 million in revenue, resulting in an operating margin of -5.1% that highlights a complete failure to achieve necessary economies of scale for its current infrastructure.
The disproportionate weight of SG&A expenses relative to the shrinking revenue base indicates that the company is carrying excessive fixed costs. This lack of operating leverage suggests that the firm is currently unable to scale its operations efficiently, placing immense pressure on its limited cash reserves.
As reported in financial statements, the company's net loss of $14.0 million in the latest quarter, combined with a cash position of less than $0.7 million, raises significant questions regarding the firm's ability to continue as a going concern without immediate external capital.
Short-sellers would likely focus on the widening gap between operating losses and the company's dwindling liquidity. The absence of a clear path to profitability suggests that the current valuation may be disconnected from the underlying reality of a business that is consuming cash at an unsustainable rate.
Quick answers to the most common questions about buying ILAG stock.
For fiscal year 2025, Intelligent Living Application Group Inc. (ILAG) reported total revenue of $4.5M. This represents a 68.8% decline compared to $14.4M in 2018.
Intelligent Living Application Group Inc. (ILAG) reported a net loss of $19.3M for the fiscal year ending 2025.
Intelligent Living Application Group Inc. (ILAG) reported an operating income of $-16.6M, resulting in an operating profit margin of -368.5%. This margin reflects the operational efficiency of the business before interest and taxes.
Intelligent Living Application Group Inc. (ILAG) generated $0.1M in gross profit for the year, representing a gross profit margin of 2.9%. This demonstrates the company's core pricing power and production efficiency.