International Land Alliance Records Milestone Revenues
SAN DIEGO, May 22, 2025 -- International Land Alliance, Inc. (OTCQB: ILAL), known for its land investment and development initiatives, has officially filed its audited financial statements for the fiscal year that concluded on December 31, 2024. This filing with the U.S. Securities and Exchange Commission showcases a remarkable performance as confirmed by audited figures.
Strong Financial Performance
The reported gross revenues have soared past $8 million, complemented by a net revenue of $3 million. These figures align seamlessly with the preliminary numbers shared in March, reflecting a strong operational performance. “Our successful audit reinforces our commitment to transparency and accuracy,” said Frank Ingrande, the president of ILAL. “This achievement strengthens our relationship with shareholders and supports our goals for uplisting to NASDAQ.”
Preparation for NASDAQ Uplisting
ILAL is progressing towards its goal of listing on the NASDAQ stock exchange, aiming for completion by late 2025. With the substantial revenues reported, the management team believes they may achieve this milestone without needing an underwritten offering.
“We are currently in the final stages of selecting candidates for three independent director positions on our Board, adhering to NASDAQ’s regulations,” Mr. Ingrande mentioned. This strategic step is crucial in aligning ILAL with the rigorous standards expected at the NASDAQ level.
Resilience in Challenging Markets
Despite facing economic challenges globally, ILAL has demonstrated resilience with steady sales through the early months of 2025. The company’s unique business model appears to provide a buffer against adverse market conditions, according to Mr. Ingrande.
“While the global economic landscape remains unpredictable, our focus on affordable luxury homes in desirable locations positions us favorably. The attractive cost of living in Baja California, combined with our property portfolio, is designed to appeal even in uncertain times,” he added.
Overview of International Land Alliance, Inc.
International Land Alliance, Inc. (OTCQB: ILAL) specializes in land investment and development, emphasizing sustainability and technological innovation. The company's mission includes using cutting-edge proptech and construction technologies to enhance the investment prospects. ILAL actively seeks out prime raw land in Northern Baja California, with a focus on locations that are easily accessible from Southern California. This strategy allows the company to build a diverse portfolio that meets the varied needs of its investors and residents.
Looking Ahead
As ILAL continues to achieve significant milestones in its operational and financial reach, the management is keen on maintaining a culture of growth and transparency. The company's forward momentum is supported by a dedicated team and a strategic vision aimed at ensuring long-term sustainability and success.
Frequently Asked Questions
What records has International Land Alliance achieved?
International Land Alliance has reported record revenues exceeding $8 million and net revenues of $3 million for the fiscal year ending December 31, 2024.
What is the company’s goal for the NASDAQ?
The company aims to uplist to NASDAQ by the end of 2025, potentially without an underwritten offering.
How has ILAL performed amidst economic challenges?
ILAL has maintained steady sales despite difficult global economic conditions, thanks to its strong business model.
What is the core mission of International Land Alliance?
ILAL focuses on sustainable land investment and development using innovative technologies to achieve socially responsible solutions.
Where does ILAL primarily acquire land?
The company primarily acquires attractive raw land in Northern Baja California, making it accessible to Southern California residents.
