Company Profile–
Intelligent Living Application Group is a manufacturer of mechanical locksets and smart security systems. These focus on creating new locksets for outdoors and indoor such as main entrances, gates, house rooms, office workspaces, cabins, cupboards, and cabinets. This company is registered with the U.S. Security and Exchange Commission. It is incorporated in the state of Hong Kong. They also provide lockers, shelves, and office and store fixtures. They provide a diverse variety of products. This company was founded in 1981 and booked $11 million in sales for the 12 months. They filed for confidentially on June 23, 2020. Their products comply with the American National Standards Institute (ANSI) Grade 2 and Grade 3 standards and thus generate major revenue from the US markets.
Stock Details–
This company has been in public listing and will go public soon. It plans to be listed on the NASDAQ with the symbol ILAG. The pricing for the shares is yet to be estimated as the offering is still pending. This stock can be identified by its stock name – NASDAQ: ILAG at https://www.webull.com/quote/nasdaq-ilag.
News Report–
ILAG has filed for public listing and it is being said that they claim to raise $19 million in their first public offering. The remaining details about the IPO and the opening have not yet been disclosed. Network 1 Financial Securities is the sole bookrunner on the deal. Judgment about the investment in stocks of NASDAQ: ILAG can be made after understanding its status on the public listing.
Work And Future–
They have been developing and manufacturing new smart locks and smart home products for a few years depending on the market demand. They also have ISO9001 quality assurance certificates for their consumers. They provide a wide range of original design manufacturer door locksets to various customer segments from premium series to economy-oriented series with classic to contemporary looks, functions, and colours. This variety and diversity in their products in colour, looks, and functions is one of the reasons that they can sustain in the competitive business. They believe in providing the best services to their customers and are always upgrading themselves with newer craftsmanship skills and better product designs. They have been hit by the COVID – 19 crisis and how they recover and make further progress will be seen with time.
It should be noted that they have been in the field for a span of 30 years, and that is a huge duration. To cope up with the ever-changing technologically advanced world, they have come up with some amazing smart security systems for better customer satisfaction. They have been through tough competition and yet sustained in their business with their quality work and products. You can check more stocks like NASDAQ: DUO at https://www.webull.com/quote/nasdaq-duo before investing.
Disclaimer: The analysis information is for reference only and does not constitute an investment recommendation.