International Land Alliance Achieves Profitability for First Time in 2024
International Land Alliance (OTCQB:ILAL) has achieved profitability for the first time in 2024, reporting record unaudited revenues. The company's net revenue exceeded $3 million for the year, with total annual revenues surpassing $8 million.
Key highlights include:
- Rancho Costa Verde contributed over $3.7 million in top-line revenue, securing 10 contracts for new luxury homes and delivering two new houses
- Oasis Park Resort, in its first year of property offerings, recorded 23 lot sales and two new construction contracts
- The company has signed an engagement letter with R.F. Lafferty & Co. for an uplisting transaction
ILAL, the only public U.S.-based residential sales and construction company operating in Mexico, currently manages four master-planned communities in Baja and one in southern California. The company achieved these results despite challenging domestic real estate market conditions, including 20-year high interest rates and low housing supply.
International Land Alliance (OTCQB:ILAL) ha raggiunto la redditività per la prima volta nel 2024, riportando entrate record non verificate. Il fatturato netto dell'azienda ha superato 3 milioni di dollari per l'anno, con entrate annuali totali che hanno superato 8 milioni di dollari.
I punti salienti includono:
- Rancho Costa Verde ha contribuito con oltre 3,7 milioni di dollari di fatturato, assicurando 10 contratti per nuove case di lusso e consegnando due nuove abitazioni
- Oasis Park Resort, nel suo primo anno di offerte immobiliari, ha registrato 23 vendite di lotti e due nuovi contratti di costruzione
- L'azienda ha firmato una lettera di impegno con R.F. Lafferty & Co. per una transazione di uplisting
ILAL, l'unica azienda pubblica statunitense di vendita e costruzione residenziale che opera in Messico, gestisce attualmente quattro comunità pianificate a Baja e una nel sud della California. L'azienda ha raggiunto questi risultati nonostante le difficili condizioni del mercato immobiliare domestico, inclusi tassi di interesse ai massimi ventennali e una bassa offerta di abitazioni.
International Land Alliance (OTCQB:ILAL) ha logrado rentabilidad por primera vez en 2024, reportando ingresos récord no auditados. Los ingresos netos de la compañía superaron 3 millones de dólares para el año, con ingresos anuales totales que superaron 8 millones de dólares.
Los puntos destacados incluyen:
- Rancho Costa Verde contribuyó con más de 3,7 millones de dólares en ingresos, asegurando 10 contratos para nuevas casas de lujo y entregando dos nuevas viviendas
- Oasis Park Resort, en su primer año de ofertas de propiedades, registró 23 ventas de lotes y dos nuevos contratos de construcción
- La empresa ha firmado una carta de compromiso con R.F. Lafferty & Co. para una transacción de uplisting
ILAL, la única empresa pública estadounidense de ventas y construcción residencial que opera en México, actualmente gestiona cuatro comunidades planificadas en Baja y una en el sur de California. La empresa logró estos resultados a pesar de las desafiantes condiciones del mercado inmobiliario nacional, incluidos los tipos de interés más altos en 20 años y una baja oferta de viviendas.
International Land Alliance (OTCQB:ILAL)는 2024년에 처음으로 수익성을 달성하며 기록적인 감사되지 않은 수익을 보고했습니다. 회사의 순수익은 연간 300만 달러를 초과했으며, 연간 총 수익은 800만 달러를 초과했습니다.
주요 하이라이트는 다음과 같습니다:
- Rancho Costa Verde는 370만 달러 이상의 수익을 기여하며, 10개의 고급 주택 계약을 확보하고 2채의 새로운 주택을 인도했습니다.
- Oasis Park Resort는 첫 해에 23개의 부지 판매와 2개의 새로운 건설 계약을 기록했습니다.
- 회사는 R.F. Lafferty & Co.와 업리스트 거래를 위한 계약서를 체결했습니다.
ILAL은 멕시코에서 운영되는 유일한 미국 기반의 주거 판매 및 건설 회사로, 현재 바하에 4개의 마스터 플랜 커뮤니티와 남부 캘리포니아에 1개를 관리하고 있습니다. 회사는 20년 만의 높은 금리와 낮은 주택 공급 등 어려운 국내 부동산 시장 조건에도 불구하고 이러한 결과를 달성했습니다.
International Land Alliance (OTCQB:ILAL) a atteint la rentabilité pour la première fois en 2024, annonçant des revenus records non audités. Le chiffre d'affaires net de l'entreprise a dépassé 3 millions de dollars pour l'année, avec des revenus annuels totaux dépassant 8 millions de dollars.
Les points clés incluent :
- Rancho Costa Verde a contribué à hauteur de plus de 3,7 millions de dollars en revenus, sécurisant 10 contrats pour de nouvelles maisons de luxe et livrant deux nouvelles habitations.
- Oasis Park Resort, lors de sa première année d'offres immobilières, a enregistré 23 ventes de lots et deux nouveaux contrats de construction.
- L'entreprise a signé une lettre d'engagement avec R.F. Lafferty & Co. pour une transaction d'up-listing.
ILAL, la seule entreprise publique américaine de vente et de construction résidentielle opérant au Mexique, gère actuellement quatre communautés planifiées à Baja et une dans le sud de la Californie. L'entreprise a atteint ces résultats malgré des conditions de marché immobilier domestique difficiles, y compris des taux d'intérêt les plus élevés depuis 20 ans et une faible offre de logements.
International Land Alliance (OTCQB:ILAL) hat 2024 zum ersten Mal Rentabilität erreicht und berichtet von Rekordumsätzen, die nicht geprüft sind. Der Nettoumsatz des Unternehmens überstieg 3 Millionen Dollar für das Jahr, während die gesamten Jahresumsätze 8 Millionen Dollar überstiegen.
Wichtige Highlights sind:
- Rancho Costa Verde trug mit über 3,7 Millionen Dollar zum Umsatz bei, sicherte sich 10 Verträge für neue Luxuswohnungen und lieferte zwei neue Häuser.
- Oasis Park Resort verzeichnete im ersten Jahr seiner Immobilienangebote 23 Grundstücksverkäufe und zwei neue Bauverträge.
- Das Unternehmen hat einen Engagement-Brief mit R.F. Lafferty & Co. für eine Uplisting-Transaktion unterzeichnet.
ILAL, das einzige börsennotierte US-Unternehmen für Wohnverkäufe und -bau, das in Mexiko tätig ist, verwaltet derzeit vier mastergeplante Gemeinschaften in Baja und eine im Süden Kaliforniens. Das Unternehmen erzielte diese Ergebnisse trotz herausfordernder Bedingungen auf dem inländischen Immobilienmarkt, einschließlich der höchsten Zinssätze seit 20 Jahren und eines niedrigen Wohnungsangebots.
- First-time profitability achievement in company history
- Record annual revenue exceeding $8M with net revenue over $3M
- $3.7M revenue from Rancho Costa Verde project
- 23 lot sales at new Oasis Park Resort
- Engagement with investment bank for potential uplisting
- Challenging domestic real estate market conditions
- High interest rates affecting market dynamics
ILAL books record revenue (unaudited) in Q4; net revenue tops
SAN DIEGO, March 03, 2025 (GLOBE NEWSWIRE) -- International Land Alliance, Inc. (OTCQB:ILAL), (“ILAL” or the “Company”), an international land investment and development firm, is pleased to provide this comprehensive shareholder update from ILAL president and CEO, Frank Ingrande, recapping the FY 2024, as well as providing insight into 2025.
Dear International Land Alliance, Inc. shareholders,
With the record-setting 2024 now in the books, ILAL management has turned the page and is ready to take the Company to new heights in 2025. The Company is pleased to announce that we have signed a letter of engagement with R.F. Lafferty & Co., Inc. to be our banker for an uplisting transaction. When the audit for fiscal year ending December 31, 2024 is completed, we will begin the necessary steps to move the Company along in the uplist process.
2024 was a banner year for International Land Alliance, Inc., as the Company increased revenues in each subsequent quarter for total annual revenues in excess of
Sales at Rancho Costa Verde contributed over
The success achieved last year was done so in the face of exceedingly difficult conditions in the real estate sector. Domestically, market conditions remained daunting as interest rates rose to 20-year highs and the supply of available homes for sale remained low. These factors combined to push transaction volumes to lows not seen since the mid-1990s, allowing us to achieve favorable financial performance.
The robust sales from the various sites are projected to grow and are attributed to not only quality construction at amazing site locations but also to our proven novel marketing approach. Through various mediums such as informational dinners, site trips and traditional marketing, our sales team is effective at selling dream homes. We know that Mexico is the second most visited country in the world and more U.S. and Canadian expats live in Mexico than any other place in the world with 1.6 million Americans owning property in Mexico.
A little over a decade ago in 2013, ILAL, a company with a novel marketing approach to real estate development and a green mindset to construction, went public with a self-underwritten S-1 and just two projects in the Mexican state of Baja California. ILAL is unique as it is the only public U.S.-based residential sales and construction company operating in Mexico, providing affordable luxury housing just a short drive from southern California.
Now, just a short 12 years later, the Company now has four master planned communities in Baja and one in southern California and the unaudited numbers show the Company will post a positive record net revenue for the fiscal year ending December 31, 2024. Although this has been a challenging year for the domestic real estate market, we focused on initiative-taking steps to strengthen the Company and were able to report record revenues and achieve profitability for the first time in company history.
These are exciting times to be a shareholder in International Land Alliance, Inc. Thank you for your loyal support and we look forward to providing timely updates throughout the upcoming year.
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. The results we report in our Annual Report on Form 10-K for the fiscal year ended December 31, 2024 could differ from the preliminary results announced in this press release.
CONTACT:
Gregg Boehmer, IR Consultant
laynemichaelconsulting@gmail.com
FAQ
What was ILAL's total revenue for fiscal year 2024?
How many properties did ILAL sell at Rancho Costa Verde in 2024?
What are ILAL's plans for uplisting from OTCQB?
How did Oasis Park Resort perform in its first year of operations for ILAL?
