Intelligent Living Application Group Inc
i-l-a-g.comWhat Do They Do?
Sells mechanical door locksets and related hardware to customers in North America and Asian markets.
20-F for FY2025, filed Apr 24, 2026
How Do They Make Money?
The company sells locksets and related hardware; customers generally pay within 28 days after delivery and invoicing.
20-F for FY2025, filed Apr 24, 2026The Company derives substantially all of its revenue from product sales, specifically sale of door locksets, locksets and related hardware…View ↗
$4.5M
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20-F for FY2025, filed Apr 24, 2026
$4.5M ↗
Who Are Their Customers?
The company sells mainly to customers in the United States and Canada through Kambo Locksets; Kambo Hardware distributes to customers outside North America, including in Asian countries.
20-F for FY2025, filed Apr 24, 2026We sell our products mainly to the US and Canada (“North America”) through one of our Hong Kong registered subsidiaries Kambo Locksets.…View ↗
Do Revenues Turn Into Profits?
No. It lost $19.3M in FY2025.
20-F for FY2025, filed Apr 24, 2026
−$19.4MView ↗
20-F for FY2025, filed Apr 24, 2026
−$19.3MView ↗
20-F for FY2025, filed Apr 24, 2026
−$2.4MView ↗
How Are They Changing?
Shrinking. Revenue fell 64% in 4 years, from $12.5M in FY2021 to $4.5M in FY2025, about 23% a year.
Secondary markets listed
The latest report names Taiwan among smaller markets for locksets, while the earlier report names Macau; both describe the United States as the main market.
20-F for FY2022, filed Apr 28, 2023 20-F for FY2025, filed Apr 24, 2026Since 2000, we have offered our products with the American National Standards Institute (ANSI) Grade 2 and Grade 3 standards, which are…View ↗
Since 2000, we have offered our products with the American National Standards Institute (ANSI) Grade 2 and Grade 3 standards, which are…View ↗
Who Do They Compete With?
Competes with ASSA Abloy, Allegion, and Home Depot
20-F for FY2025, filed Apr 24, 2026Mechanical lockset companies have been consolidating in the last decade (see table: Competitive Landscaping, below). Sizable multinational…View ↗
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