Quarterly ResultApr 26, 2026, 05:32 AM
ILAG 2025 Net Loss $(19.3M); Revenue $4.49M; Going Concern Risk
AI Summary
Intelligent Living Application Group Inc. reported a significant widening of its net loss to $(19.35) million in 2025, compared to $(3.69) million in 2024, while revenue decreased to $4.49 million from $7.51 million. The increased loss was primarily driven by a surge in operating expenses, which included a $2.75 million impairment loss and $9.63 million in non-cash compensation. The company has incurred net losses for the past three years and indicated a risk to its ability to continue as a going concern due to insufficient operating cash flows.
Key Highlights
- Net loss widened to $(19,347,439) in 2025 from $(3,690,287) in 2024.
- Revenue decreased to $4,493,572 in 2025 from $7,506,551 in 2024.
- Operating expenses surged to $19,482,836 in 2025, including $2.75M impairment and $9.63M non-cash compensation.
- Company incurred net losses for the past three years and may not continue as a going concern.
- Total assets decreased to $8,482,374 in 2025 from $14,440,221 in 2024.
- Net cash used in operating activities was $(2,429,866) in 2025.