Monday, July 15, 2024

International Land Alliance Reports First Quarter Performance

International Land Alliance (OTCQB: ILAL) Reports Record Results for Q1 2024

International Land Alliance (OTCQB: ILAL) has just reported record-breaking results for the first quarter of 2024. The company achieved impressive quarterly sales of $5.1 million and a net income of $3.7 million, equivalent to $0.05 per diluted share. Furthermore, ILAL’s total assets soared to $30.4 million, with current assets reaching $1.7 million, and total stockholders’ equity climbing to $14.4 million.

The President and CEO of ILAL, Frank Ingrande, expressed his satisfaction with the outstanding revenue and profitability delivered in the last quarter. He attributed this success to strategic growth initiatives and a focus on operational and financial efficiencies. These efforts have not only driven improved performance but have also allowed the company to reduce deferred revenue significantly and realize most of the sales revenue in reported periods.

ILAL, an international land investment and development firm based in San Diego, California, leverages technology for sustainable and socially responsible solutions. The company’s core mission includes using proptech and construction tech advanced applications to achieve its goals. ILAL primarily focuses on acquiring attractive raw land in Northern Baja California, within close proximity to Southern California.

Looking ahead, ILAL is determined to maintain its momentum throughout 2024 and beyond, building upon the success of the first quarter. Investors and stakeholders can anticipate continued growth and development from International Land Alliance.

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