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Last C$0.35 CAD
Change Today 0.00 / 0.00%
Volume 0.0
ILA On Other Exchanges
As of 2:48 PM 05/29/15 All times are local (Market data is delayed by at least 15 minutes).

ilookabout corp (ILA) Snapshot

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52 Week High
05/6/15 - C$0.49
52 Week Low
06/20/14 - C$0.14
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ilookabout corp (ILA) Details

iLOOKABOUT Corp., together with its subsidiaries, engages in the visual and data intelligence business in Canada, the United States, and the United Kingdom. The company is involved in collecting, processing, and geo-coding street-level image data, as well as providing image and related data management software, aggregation of additional value-added property based data, custom application programming, and professional services. It offers AVM Reports, a geo-coded imagery application for real-time estimate of market value for residential properties; and Property Reports that contain structural details and historic sales information for appraisers, lawyers, and other property professionals. The company also provides StreetScape, a proprietary geocoded image product; Virtual Tours to upload images to assemble and preview, as well as to create virtual tours; and DropZone to upload database of images. In addition, it offers ImageStore, a software tool that customizes and standardizes StreetScape images; GeoViewPort, a Web-based geographic information system application; and image management services. The company primarily serves property assessment, property taxation, municipal, insurance, and appraisal sectors. iLOOKABOUT Corp. was founded in 2000 and is headquartered in London, Canada.

22 Employees
Last Reported Date: 04/30/15
Founded in 2000

ilookabout corp (ILA) Top Compensated Officers

Co-Founder, Chief Executive Officer, Presiden...
Total Annual Compensation: C$135.0K
Co-Founder, Chief Technology Officer and Dire...
Total Annual Compensation: C$135.0K
Chief Financial Officer and Secretary
Total Annual Compensation: C$110.0K
Vice President of Business Development
Total Annual Compensation: C$160.0K
Compensation as of Fiscal Year 2014.

ilookabout corp (ILA) Key Developments

iLOOKABOUT Corp. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

iLOOKABOUT Corp. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. Revenue increased 35% to $1,516,000 compared to the same period in the prior year. This increase is primarily attributable to the delivery of imagery for a significant US-based sales contract for which there was not a comparable delivery in the first quarter of the prior year, launch of municipal property tax consulting services for which revenue commenced in January 2015, and three months of revenue recognized in the first quarter of 2015 with respect to a multi-year services contract, for which only two months of revenue was recognized in the first quarter of the prior year, as the production phase of this agreement commenced in February 2014. Comprehensive loss increased from $272,000 to $619,000 for the three months ended March 31, 2014 and 2015, respectively. While revenue increased for the first quarter on a year-over-year basis, the following more than offset the revenue increase in human resource, consulting and sales related expenses to support the development and launch of new product and service offerings, increase in third party property related licensing fees to support the re-licensing of this data to end customers, and increased share based compensation expense due to the one time grant of 2,233,000 options to purchase common shares of the company, which options were granted in accordance with the Executive Chair Employment Agreement which became effective January 1, 2015.

iLOOKABOUT Mulls Acquisitions

iLOOKABOUT Corp. (TSXV:ILA) is seeking acquisitions. iLOOKABOUT is planning to raise CAD 2 million from private placement and plans to use part of proceeds for acquisitions. iLOOKABOUT said, "Net proceeds will be used to pursue growth opportunities through the expansion of the company's core geographic information systems (GIS) business, for the acquisition of complementary businesses or assets, for increased sales and marketing efforts, for the expansion of capital infrastructure, and for general corporate and working capital purposes."

iLOOKABOUT Corp. Announces Launch of New Service Offerings

iLOOKABOUT Corp. announced that it is launching new service offerings to augment and expand the existing software platform of the company. The company has undertaken extensive research over the last eighteen months. The company has worked closely with Yeoman & Company Paralegal Professional Corporation and its suppliers on the development of data analytics and property tax management software platforms. These platforms will be launched as Real Property Tax Analytics (RPTA) and Realty Tax Management (RTM). The company is currently licensing these software platforms and is in the final stages of purchasing the software, and expects to provide the platforms on a software-as-a-service (SaaS) basis to new and existing clients. iLOOKABOUT has initiated significant pilot projects that will unleash this vast amount of data and corresponding analytics. If successful, the company believes there may be an increase in the Company's near term revenue. To leverage the value of RPTA and RTM, the company will also offer property tax consulting services. It is launching its property tax service with a small group of professionals in December but anticipates this business will expand rapidly.


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