Intelligent Living Application: Struggling To Scale

Gary Bourgeault profile picture
Gary Bourgeault
13.01K Followers

Summary

  • Intelligent Living Application competes in a growth market but is struggling to gain a share in the markets it's competing in.
  • The company went public on July 13, 2022, for the primary purpose of raising capital to do R&D on smart locksets.
  • Limitations on the company are holding it back from gaining momentum and scaling.
  • Any growth in the company will be incremental until it finds ways to gain mindshare in the U.S. market, where the bulk of its sales is made.
  • The risk doesn't appear to be worth the reward at this stage of its growth.

Safety and security concept. Door with many locks. 3D rendered illustration.

vchal/iStock via Getty Images

Intelligent Living Application Group (NASDAQ:ILAG) is a company that went public on the Nasdaq on July 13, 2022, for the primary purpose of raising capital for R&D on software for its smart locksets.

The U.S. is its

This article was written by

Gary Bourgeault profile picture
13.01K Followers
I am a former investment advisor and owner of several businesses. These days I invest only for myself while continuing to write on a variety of financial and economic topics.

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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