Business
Intelligent Living Application Group Inc. Announces First Half 2025 Unaudited Financial Results
Intelligent Living Application Group Inc. (Nasdaq: ILAG) (the "Company" or "Intelligent Living"), a premium lockset manufacturer and distributor headquartered in Hong Kong, today announced its unaudited financial results for the six months ended June 30, 2025.
About this update from Intelligent Living Application Group Inc.
[{"type":"text","content":"HONG KONG, Dec. 22, 2025 /PRNewswire/ -- Intelligent Living Application Group Inc. (Nasdaq: ILAG) (the "Company" or "Intelligent Living"), a premium lockset manufacturer and distributor headquartered in Hong Kong, today announced its unaudited financial results for the six months ended June 30, 2025.","length":321,"tagName":"p"},{"type":"text","content":"First Half 2025 Financial Highlights","length":36,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Revenues were $2,305,265, a decrease of 48.5% from $4,473,031 for the six months ended June 30, 2024.","length":101,"tagName":"p"}]},{"val":[{"type":"text","content":"Gross profit was $246,038, a decrease of 65.0% from $702,184 for the six months ended June 30, 2024.","length":100,"tagName":"p"}]},{"val":[{"type":"text","content":"Net loss was $5,330,267, an increase of 137.0% from $2,249,307 for the six months ended June 30, 2024.","length":102,"tagName":"p"}]},{"val":[{"type":"text","content":"Loss per basic and fully diluted share was $0.27 compared to loss per basic and fully diluted share of $0.12 for the six months ended June 30, 2024.","length":148,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":451,"olType":false},{"type":"text","content":"Mr. Bong Lau, Chairman and Chief Executive Officer of Intelligent Living, commented, "Facing heavy and non-directional U.S. tariff increase and slowdown in U.S. real estate market in 2025, our revenue for the first half of 2025 compared to the same period of last year decreased about 48.5%. We are striving to optimize our product mix and source of origin composition to improve our performance. Our formal release of smart locks has to be suspended and postponed for the cost saving reasons due to same impact on revenue."","length":534,"tagName":"p"},{"type":"text","content":""Our mission is to make life safer and smarter by designing and producing affordable, high-quality locksets and smart security systems. With our automated product lines and new craftsmanship in manufacturing locksets, we continue to provide our principal market of the US with a large variety of products with different functions, designs and colors. Although our sector has experienced lower-cost entrants, we believe the high quality of our products and our brand recognition over our 40-year history ...