International Land Alliance Announces Third Quarter Results
International Land Alliance (OTCQB:ILAL) reported strong Q3 2024 financial results, with revenues reaching $1.3 million, up from $0.4 million in Q3 2023. Nine-month revenues surged to $7.1 million, compared to $1.1 million in 2023. The company achieved operational profitability, with income from operations of $0.3 million in Q3 and $4.5 million for the nine months. Operating cash flow improved significantly, providing $0.7 million in the first nine months of 2024 versus using $1.1 million in 2023. The company also announced the promotion of Lyzzette Patricia Liceaga Vega to Director of Mexico Business Operations.
International Land Alliance (OTCQB:ILAL) ha riportato risultati finanziari solidi per il terzo trimestre del 2024, con ricavi che hanno raggiunto 1,3 milioni di dollari, in aumento rispetto a 0,4 milioni di dollari nel terzo trimestre del 2023. I ricavi nei primi nove mesi sono aumentati notevolmente, raggiungendo 7,1 milioni di dollari, rispetto a 1,1 milioni di dollari nel 2023. L'azienda ha raggiunto la redditività operativa, registrando un reddito operativo di 0,3 milioni di dollari nel terzo trimestre e 4,5 milioni di dollari per i nove mesi. Il flusso di cassa operativo è migliorato significativamente, con un totale di 0,7 milioni di dollari nei primi nove mesi del 2024, rispetto a un utilizzo di 1,1 milioni di dollari nel 2023. L'azienda ha anche annunciato la promozione di Lyzzette Patricia Liceaga Vega a Direttore delle Operazioni Aziendali in Messico.
International Land Alliance (OTCQB:ILAL) reportó resultados financieros sólidos para el tercer trimestre de 2024, con ingresos que alcanzaron 1.3 millones de dólares, en comparación con 0.4 millones de dólares en el tercer trimestre de 2023. Los ingresos en los primeros nueve meses se dispararon a 7.1 millones de dólares, en comparación con 1.1 millones de dólares en 2023. La compañía logró rentabilidad operativa, con un ingreso de operaciones de 0.3 millones de dólares en el tercer trimestre y 4.5 millones de dólares para los nueve meses. El flujo de caja operativo mejoró significativamente, proporcionando 0.7 millones de dólares en los primeros nueve meses de 2024, frente a un uso de 1.1 millones de dólares en 2023. La compañía también anunció la promoción de Lyzzette Patricia Liceaga Vega como Directora de Operaciones Comerciales en México.
International Land Alliance (OTCQB:ILAL)는 2024년 3분기 재무 실적이 강력하게 나타났으며, 수익이 130만 달러에 달하여 2023년 3분기 40만 달러에서 증가했다고 보고했습니다. 9개월 동안의 수익은 710만 달러로 급증하였으며, 이는 2023년의 110만 달러와 비교됩니다. 회사는 운영 수익성에 도달하여 3분기의 운영소득은 30만 달러, 9개월 동안은 450만 달러를 기록했습니다. 운영 현금 흐름이 크게 개선되어 2024년 처음 9개월 동안 70만 달러를 제공했으며, 2023년에는 110만 달러를 사용했었습니다. 또한 회사를 위해 Lyzzette Patricia Liceaga Vega를 멕시코 비즈니스 운영 이사로 승진시키는 것을 발표했습니다.
International Land Alliance (OTCQB:ILAL) a annoncé des résultats financiers solides pour le troisième trimestre de 2024, avec des revenus atteignant 1,3 million de dollars, contre 0,4 million de dollars au troisième trimestre 2023. Les revenus sur neuf mois ont bondi à 7,1 millions de dollars, par rapport à 1,1 million de dollars en 2023. L'entreprise a atteint une rentabilité opérationnelle, avec un revenu d'exploitation de 0,3 million de dollars au troisième trimestre et de 4,5 millions de dollars pour les neuf mois. Le flux de trésorerie opérationnel s'est considérablement amélioré, atteignant 0,7 million de dollars au cours des neuf premiers mois de 2024, contre un usage de 1,1 million de dollars en 2023. L'entreprise a également annoncé la promotion de Lyzzette Patricia Liceaga Vega au poste de Directrice des opérations commerciales au Mexique.
International Land Alliance (OTCQB:ILAL) hat starke finanzielle Ergebnisse für das dritte Quartal 2024 gemeldet, mit Einnahmen von 1,3 Millionen US-Dollar, ein Anstieg von 0,4 Millionen US-Dollar im dritten Quartal 2023. Die Einnahmen in den ersten neun Monaten stiegen auf 7,1 Millionen US-Dollar, verglichen mit 1,1 Millionen US-Dollar im Jahr 2023. Das Unternehmen erzielte betriebliche Rentabilität mit einem Betriebsergebnis von 0,3 Millionen US-Dollar im dritten Quartal und 4,5 Millionen US-Dollar für die neun Monate. Der operative Cashflow verbesserte sich erheblich und betrug in den ersten neun Monaten 2024 0,7 Millionen US-Dollar, im Vergleich zu einem Verlust von 1,1 Millionen US-Dollar im Jahr 2023. Das Unternehmen gab auch die Beförderung von Lyzzette Patricia Liceaga Vega zur Direktorin für Geschäftsbetrieb in Mexiko bekannt.
- Q3 revenue increased by $0.9M to $1.3M year-over-year
- Nine-month revenue grew by $6.0M to $7.1M
- Achieved operational profitability with $0.3M income in Q3
- Operating cash flow improved by $1.8M year-over-year
- Successfully paid down and restructured significant debt through real estate sales
- Seasonal slowdown in July and August sales
SAN DIEGO, CALIFORNIA, Nov. 21, 2024 (GLOBE NEWSWIRE) -- International Land Alliance, Inc. (OTCQB:ILAL), (“ILAL” or the “Company”), an international land investment and development firm, reported unaudited results for the third quarter ended September 30, 2024.
Q3 2024 Highlights:
- Third quarter revenues were approximately
$1.3 million compared to$0.4 million for the same period last year, an increase of$0.9 million . In addition, revenues for the nine months ended September 30, 2024 of$7.1 million compared to$1.1 million for the same period of 2023, which represents an increase of approximately$6.0 million . - The Company experienced an increase in their income from operations by
$1.2 million and$6.5 million , respectively, for the three and nine months ended September 30, 2024 to$0.3 million and$4.5 million , respectively, compared to a loss from operations of$1.0 million and$2.1 million , respectively, for the same period of 2023. - Net cash flow provided by (used in) operations for the nine months ended September 30, 2024 and 2023 was
$0.7 million and$(1.1) million , respectively, a net increase in operating cash flows of$1.8 million period over period.
The Company further announces the promotion of Ms. Lyzzette Patricia Liceaga Vega to Director of Mexico Business Operations. Ms. Liceaga has been managing legal and business activities in Mexico for the Company’s Rancho Costa Verde development since 2015 and she resides in the Rancho Costa Verde community. She is a past Senator of the State of Baja California, Mexico and Sub Delegate ISSSTE in Morelos & Tlaxcala, Mexico. She is CEO of the GAMOLI business and legal firm in Mexico. Her government and work experience in Mexico brings a wealth of knowledge to Rancho Costa Verde and International Land Alliance. Ms. Liceaga attended the Universidad Autonoma de Guadalajara and is fluent in both Spanish and English languages.
Frank Ingrande, ILAL’s President and CEO, commented: “Historically, sales in July and August are slightly lower. However, we delivered the strongest third quarter in the history of the Company. Further, we paid down and restructured a significant amount of debt, including convertible debt, primarily through real estate sales.”
Mr. Ingrande concluded: “We have been working with Lyzette for almost 10 years and we now welcome her to the ILAL corporate team. She is, and will continue to be, an invaluable officer as we continue to work toward our goal of being the largest residential real estate development company bringing U.S. buyers to Mexico.”
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 is focused on acquiring attractive raw land primarily in Northern Baja California, often within driving distance from 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.
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 Section21E 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:
Jason Sunstein, CFO
Jason@ila.company
FAQ
What was International Land Alliance's (ILAL) revenue in Q3 2024?
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Who was appointed as ILAL's Director of Mexico Business Operations in 2024?
What was ILAL's operating cash flow for the first nine months of 2024?
