Intelligent Living first-half 2026 net loss narrows 70% to $1.63 million
ILAG•Intelligent Living Application Group reported a net loss of $1.63 million for the six months ended June 30, 2026, down 69% year over year, as revenue rose to $2.36 million. Cash was $174,788, and the company cited substantial doubt about its ability to continue as a going concern.
1. First-half results
Intelligent Living Application Group's net loss narrowed 69% year over year to $1.63 million for the six months ended June 30, 2026. Revenue rose to $2.36 million, primarily due to higher unit sales, while gross margin fell to 7.3% from 10.7%, primarily because of higher costs from Renminbi appreciation.
2. Cash and product plans
Cash was $174,788 at June 30, 2026, and the company cited substantial doubt about its ability to continue as a going concern. It postponed the formal launch of its smart lock to save costs due to tariffs' continued impact on revenue.
