International Land Alliance FY24 Audit Report Confirms Record Revenues Reported in March
Rhea-AI Summary
Positive
- Record financial performance with $8M gross revenue and $3M net revenue in FY2024
- Potential NASDAQ uplisting by end of 2025 without need for underwritten offering
- Maintained steady sales in Q1 2025 despite challenging global economic conditions
- Strategic location advantage with affordable luxury homes near San Diego
Negative
- None.
News Market Reaction – ILAL
In the trading session that priced this news, ILAL declined 0.62%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
SAN DIEGO, May 22, 2025 (GLOBE NEWSWIRE) -- International Land Alliance, Inc. (OTCQB:ILAL), (“ILAL” or the “Company”), an international land investment and development firm, is pleased to announce that it has filed its audited financial statements for the fiscal year ending December 31, 2024 with the U.S. Securities and Exchange Commission.
The record top-line and bottom-line unaudited revenue figures reported back in March are in line with the audited numbers filed yesterday in the Company’s Annual Report on Form 10-K. The Company’s audit report confirmed annual gross revenues exceeded a record
“The successful audit of ILAL’s financial reporting is a credit to vigilance of management and staff overseeing the day-to-day financial operations of the Company,” said ILAL president Frank Ingrande. “As we continue to move forward in the process to uplist to NASDAQ, our ability to publish accurate financials and follow through with our promises have gone a long way towards establishing an unwavering trust with our loyal shareholders.”
ILAL management continues to make progress towards its goal of moving up to the NASDAQ stock exchange by the end of 2025. With the record revenues from 2024, ILAL management is looking at the possibility of achieving listing without the need for an underwritten offering of its securities.
“We are in the final stages of interviewing and vetting candidates to become our three independent directors on the ILAL Board of Directors, in accordance with Nasdaq requirements” Mr. Ingrande added.
On the operations front, the Company appears to have maintained steady sales through the first three months of 2025 despite the turbulent global economic conditions that have hampered the public markets.
“While we are surely not immune to global economic events, our business model has somewhat insulated ILAL from so much of what has plagued the global markets,” Mr. Ingrande said. “The low cost of living in Baja combined with the affordable luxury homes available in our various resort locations just a quick drive from San Diego actually positions us to drive strong sales in uncertain economic times.”
About International Land Alliance, Inc.:
International Land Alliance, Inc. (OTCQB: ILAL) is an international land investment and development firm based in San Diego, California. As its’ core mission, the Company has embraced technology for sustainable and socially responsible solutions, in addition to using proptech and construction tech advanced applications to meet these goals. The Company focuses on acquiring attractive raw land primarily in Northern Baja California, often within driving distance of Southern California. The Company serves its shareholders by devoting considerable time and resources to seeking out the finest sites available and obtaining the necessary development permits to build a compelling portfolio of properties, which provide a diversity of investment and living options. Please visit: www.ila.company..
No Offer or Solicitation
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any states or jurisdictions in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.
Safe Harbor Statement
The press release may include certain statements that are not descriptions of historical facts but are forward looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements may include the description of our plans and objectives for future operations, assumptions underlying such plans and objectives, and other forward-looking terminology such as "may," "expects," "believes," "anticipates," "intends," "projects,” or similar terms, variations of such terms or the negative of such terms. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements made herein. Such information is based upon various assumptions made by, and expectations of, our management that were reasonable when made but may prove to be incorrect. All such assumptions are inherently subject to significant economic and competitive uncertainties and contingencies beyond our control and upon assumptions with respect to the future business decisions which are subject to change. Accordingly, there can be no assurance that actual results will meet expectations, and actual results may vary (perhaps materially) from certain of the results anticipated herein.
CONTACT:
Gregg Boehmer, IR Consultant
laynemichaelconsulting@gmail.com
