Kisses From Italy Inc Financials

KITL

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2024 Currency USD FYE December

This page shows Kisses From Italy Inc (KITL) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 7 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 0/100

Based on FY2023 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Kisses From Italy Inc has an operating margin of -1576.2%, meaning the company retains $-1576 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from -127.3% the prior year.

Growth

Kisses From Italy Inc's revenue declined 42.3% year-over-year, from $391K to $226K. This contraction results in a growth score of 0/100.

Liquidity

Kisses From Italy Inc's current ratio of 0.05 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 0/100, which could limit financial flexibility.

Cash Flow

While Kisses From Italy Inc generated -$835K in operating cash flow, capex of $0 consumed most of it, leaving -$835K in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Piotroski F-Score Weak

3/9

Kisses From Italy Inc passes 3 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Low Quality

0.17x

For every $1 of reported earnings, Kisses From Italy Inc generates $0.17 in operating cash flow (-$835K OCF vs -$4.9M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk

-2.4x

Kisses From Italy Inc earns $-2.4 in operating income for every $1 of interest expense (-$3.6M vs $1.5M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

Export CSV

Revenue

$226K

YoY-42.3%

5Y CAGR-12.7%

Kisses From Italy Inc generated $226K in revenue in fiscal year 2023. This represents a decrease of 42.3% from the prior year.

EBITDA

-$3.5M

YoY-609.9%

Kisses From Italy Inc's EBITDA was -$3.5M in fiscal year 2023, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 609.9% from the prior year.

Free Cash Flow

-$835K

YoY-34.7%

Kisses From Italy Inc generated -$835K in free cash flow in fiscal year 2023, representing cash available after capex. This represents a decrease of 34.7% from the prior year.

Net Income

-$4.9M

YoY-474.9%

Kisses From Italy Inc reported -$4.9M in net income in fiscal year 2023. This represents a decrease of 474.9% from the prior year.

EPS (Diluted)

$-0.02

Kisses From Italy Inc earned $-0.02 per diluted share (EPS) in fiscal year 2023.

Cash & Debt

$25K

YoY-92.3%

5Y CAGR+1.7%

Kisses From Italy Inc held $25K in cash against $0 in long-term debt as of fiscal year 2023.

Dividends Per Share

N/A

Shares Outstanding

337M

YoY+78.0%

5Y CAGR+32.7%

Kisses From Italy Inc had 337M shares outstanding in fiscal year 2023. This represents an increase of 78.0% from the prior year.

Gross Margin

47.8%

YoY+2.2pp

5Y CAGR-5.1pp

Kisses From Italy Inc's gross margin was 47.8% in fiscal year 2023, indicating the percentage of revenue retained after direct costs. This is up 2.2 percentage points from the prior year.

Operating Margin

-1576.2%

YoY-1448.9pp

5Y CAGR-1496.0pp

Kisses From Italy Inc's operating margin was -1576.2% in fiscal year 2023, reflecting core business profitability. This is down 1448.9 percentage points from the prior year.

Net Margin

-2156.0%

YoY-1939.5pp

5Y CAGR-2055.8pp

Kisses From Italy Inc's net profit margin was -2156.0% in fiscal year 2023, showing the share of revenue converted to profit. This is down 1939.5 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

YoY-100.0%

Kisses From Italy Inc invested $0 in capex in fiscal year 2023, funding long-term assets and infrastructure. This represents a decrease of 100.0% from the prior year.

KITL Income Statement

Metric	FY23	FY22	FY21	FY20	FY19	FY18
Revenue	$226K-42.3%	$391K-2.3%	$401K-22.1%	$514K+11.4%	$461K+3.8%	$444K
Cost of Revenue	$118K-44.6%	$213K+4.9%	$203K+78.0%	$114K-46.8%	$214K+2.3%	$210K
Gross Profit	$108K-39.5%	$178K-9.7%	$198K-50.6%	$400K+62.0%	$247K+5.1%	$235K
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$254K+8.1%	$235K+49.3%	$157K+1.8%	$154K+2.8%	$150K+34.4%	$112K
Operating Income	-$3.6M-614.8%	-$498K+88.0%	-$4.1M-27.7%	-$3.2M-17.2%	-$2.8M-675.0%	-$357K
Interest Expense	-$1.5M-350.0%	-$323K+59.5%	-$799K-60.5%	-$498K-384.4%	$175K	$0
Income Tax	$0	$0	$0	$0	$0	$0
Net Income	-$4.9M-474.9%	-$847K+82.9%	-$4.9M-33.2%	-$3.7M-20.3%	-$3.1M-592.1%	-$445K
EPS (Diluted)	$-0.02	$0.00+100.0%	$-0.03	N/A	N/A	N/A

Metric	Q3'24	Q2'24	Q1'24	Q3'23	Q3'23	Q2'23	Q1'23	Q4'22
Revenue	$715-95.4%	$15K-53.2%	$33K+46.9%	$23K-15.1%	$27K-56.7%	$61K-46.8%	$115K+44.4%	$80K
Cost of Revenue	$3K-60.7%	$8K-52.6%	$16K-24.1%	$22K+163.0%	$8K-71.6%	$29K-50.5%	$59K+15.5%	$51K
Gross Profit	-$2K-130.7%	$8K-53.8%	$17K+1975.4%	$801-95.6%	$18K-43.3%	$32K-43.0%	$57K+95.3%	$29K
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$1K-32.8%	$2K-92.8%	$24K-46.8%	$45K-46.0%	$83K+118.6%	$38K-56.5%	$88K+151.2%	$35K
Operating Income	-$13K+40.0%	-$21K+80.5%	-$109K+78.7%	-$510K+63.1%	-$1.4M-15.7%	-$1.2M-151.7%	-$475K-418.9%	-$91K
Interest Expense	-$26K-50.3%	-$17K+35.3%	-$27K+65.5%	-$77K+90.7%	-$830K-172.6%	-$305K-25.2%	-$243K-1959.6%	-$12K
Income Tax	$0	$0	$0	$0	$0	$0	$0	$0
Net Income	-$32K-1.5%	-$32K+76.5%	-$135K+56.9%	-$314K+86.0%	-$2.2M-65.5%	-$1.4M-42.9%	-$950K-10893.5%	-$9K
EPS (Diluted)	$0.00	$0.00	$0.00	$0.00+100.0%	$-0.010.0%	$-0.01	$0.00	$0.00

KITL Balance Sheet

Metric	FY23	FY22	FY21	FY20	FY19	FY18
Total Assets	$85K-90.7%	$922K+329.7%	$215K+240.1%	$63K-33.6%	$95K-16.9%	$114K
Current Assets	$42K-89.6%	$402K+94.8%	$206K+296.4%	$52K+56.3%	$33K+45.4%	$23K
Cash & Equivalents	$25K-92.3%	$324K+132.6%	$139K+455.8%	$25K-6.5%	$27K+17.3%	$23K
Inventory	$12K-17.0%	$14K+172.5%	$5K+30.1%	$4K+103.9%	$2K	$0
Accounts Receivable	$5K-62.0%	$13K+4.4%	$13K+123.9%	$6K	$0	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$934K-39.1%	$1.5M+632.5%	$209K-1.4%	$212K-5.5%	$225K-56.7%	$519K
Current Liabilities	$832K-24.8%	$1.1M+490.6%	$187K-12.2%	$213K-0.7%	$215K+0.3%	$214K
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	-$849K-46.8%	-$578K-2415.6%	$25K+116.7%	-$149K-10.0%	-$136K+66.4%	-$405K
Retained Earnings	-$19.6M-33.1%	-$14.7M-6.1%	-$13.9M-55.4%	-$8.9M-71.2%	-$5.2M-145.1%	-$2.1M

Metric	Q3'24	Q2'24	Q1'24	Q3'23	Q3'23	Q2'23	Q1'23	Q4'22
Total Assets	$5K-48.4%	$10K-28.1%	$15K-83.0%	$85K-86.4%	$630K+4.4%	$604K-0.9%	$609K-34.0%	$922K
Current Assets	$5K-42.4%	$9K-30.3%	$13K-67.9%	$42K-77.2%	$184K+40.2%	$131K+16.6%	$113K-72.0%	$402K
Cash & Equivalents	$810-30.6%	$1K-41.9%	$2K-91.9%	$25K-77.0%	$108K+95.9%	$55K+60.7%	$34K-89.4%	$324K
Inventory	$1K-70.3%	$4K-49.1%	$8K-32.3%	$12K-5.0%	$13K+1.8%	$12K-20.5%	$16K+7.9%	$14K
Accounts Receivable	$3K-17.8%	$4K+21.2%	$3K-33.8%	$5K-64.6%	$14K-2.0%	$15K+8.0%	$14K+1.5%	$13K
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$947K+0.6%	$942K+3.0%	$914K-2.2%	$934K-33.1%	$1.4M+19.4%	$1.2M-14.6%	$1.4M-10.6%	$1.5M
Current Liabilities	$980K+0.6%	$975K+2.9%	$947K+13.9%	$832K+14.1%	$729K+52.0%	$479K-33.0%	$716K-35.2%	$1.1M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	-$942K-1.1%	-$931K-3.5%	-$899K-6.0%	-$849K-10.7%	-$767K-44.5%	-$531K+27.0%	-$727K-25.8%	-$578K
Retained Earnings	-$19.6M-0.2%	-$19.6M-0.2%	-$19.5M+0.2%	-$19.6M-1.8%	-$19.2M-13.0%	-$17.0M-8.7%	-$15.7M-6.5%	-$14.7M

KITL Cash Flow Statement

Metric	FY23	FY22	FY21	FY20	FY19	FY18
Operating Cash Flow	-$835K-44.2%	-$579K-28.2%	-$452K-165.7%	-$170K+59.8%	-$423K-58.3%	-$267K
Capital Expenditures	$0-100.0%	$41K+2038.8%	$2K+68.1%	$1K-90.6%	$12K	$0
Free Cash Flow	-$835K-34.7%	-$620K-36.7%	-$454K-165.0%	-$171K+60.7%	-$435K-62.8%	-$267K
Investing Cash Flow	$0+100.0%	-$41K-2038.8%	-$2K-68.1%	-$1K+90.6%	-$12K	$0
Financing Cash Flow	$535K-33.5%	$805K+44.9%	$556K+205.7%	$182K-58.6%	$439K+84.3%	$238K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'24	Q2'24	Q1'24	Q3'23	Q3'23	Q2'23	Q1'23	Q4'22
Operating Cash Flow	-$358+57.4%	-$841+98.5%	-$55K+56.5%	-$127K+34.0%	-$192K+14.8%	-$226K+22.3%	-$290K-316.2%	-$70K
Capital Expenditures	$2K+6.9%	$2K+14.9%	$2K+198.1%	$671	N/A	N/A	N/A	$41K
Free Cash Flow	-$133K-49.0%	-$89K+1.4%	-$91K+27.2%	-$124K	N/A	N/A	N/A	-$111K
Investing Cash Flow	-$2K-6.9%	-$2K-14.9%	-$2K-198.1%	-$671	N/A	$0	$0+100.0%	-$41K
Financing Cash Flow	$0	$0-100.0%	$32K-26.3%	$44K-82.1%	$245K-0.5%	$246K	$0	$0
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

KITL Financial Ratios

Metric	FY23	FY22	FY21	FY20	FY19	FY18
Gross Margin	47.8%+2.2pp	45.6%-3.7pp	49.3%-28.5pp	77.8%+24.3pp	53.5%+0.7pp	52.8%
Operating Margin	-1576.2%-1448.9pp	-127.3%+906.0pp	-1033.3%-402.8pp	-630.5%-31.2pp	-599.3%-519.0pp	-80.3%
Net Margin	-2156.0%-1939.5pp	-216.5%+1017.0pp	-1233.5%-511.9pp	-721.6%-53.3pp	-668.3%-568.1pp	-100.2%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-5699.6%-5607.7pp	-91.9%+2210.7pp	-2302.6%+3575.8pp	-5878.4%-2634.9pp	-3243.5%-2853.8pp	-389.7%
Current Ratio	0.05-0.3	0.36-0.7	1.10+0.9	0.24+0.1	0.15+0.0	0.11
Debt-to-Equity	-1.10+1.6	-2.65-11.0	8.39+9.8	-1.42+0.2	-1.66-0.4	-1.28
FCF Margin	-369.6%-211.2pp	-158.4%-45.2pp	-113.2%-79.9pp	-33.3%+61.0pp	-94.3%-34.2pp	-60.1%

Metric	Q3'24	Q2'24	Q1'24	Q3'23	Q3'23	Q2'23	Q1'23	Q4'22
Gross Margin	-329.2%-378.8pp	49.6%-0.6pp	50.2%+46.6pp	3.5%-65.3pp	68.9%+16.3pp	52.6%+3.5pp	49.0%+12.8pp	36.2%
Operating Margin	-1774.1%-1637.8pp	-136.4%+191.5pp	-327.8%+1933.7pp	-2261.6%+2940.7pp	-5202.3%-3255.7pp	-1946.6%-1535.5pp	-411.1%-296.7pp	-114.4%
Net Margin	-4503.6%-4298.8pp	-204.8%+203.4pp	-408.3%+984.7pp	-1393.0%+7069.9pp	-8462.9%-6249.3pp	-2213.5%-1390.3pp	-823.2%-812.4pp	-10.8%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-595.8%-292.6pp	-303.2%+626.0pp	-929.1%-561.7pp	-367.4%-10.6pp	-356.9%-131.8pp	-225.1%-69.1pp	-156.0%-155.1pp	-0.9%
Current Ratio	0.010.0	0.010.0	0.01-0.0	0.05-0.2	0.25-0.0	0.27+0.1	0.16-0.2	0.36
Debt-to-Equity	-1.010.0	-1.010.0	-1.02+0.1	-1.10+0.7	-1.82+0.4	-2.21-0.3	-1.89+0.8	-2.65
FCF Margin	-35.8%+19.2pp	-55.0%+23.4pp	-78.4%	N/A	N/A	N/A	N/A	-138.3%

Note: Shareholder equity is negative (-$849K), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.

Note: The current ratio is below 1.0 (0.05), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

Similar Companies

Gourmet Provisions International Corporation GMPR

$643K

Pacific Software PFSF

$211K

Bagger Daves Burger Tavern Inc BDVB

$1.1M

Noble Romans NROM

$4.2M

Frequently Asked Questions

What is Kisses From Italy Inc's annual revenue?

Kisses From Italy Inc (KITL) reported $226K in total revenue for fiscal year 2023. This represents a -42.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Kisses From Italy Inc's revenue growing?

Kisses From Italy Inc (KITL) revenue declined by 42.3% year-over-year, from $391K to $226K in fiscal year 2023.

Is Kisses From Italy Inc profitable?

No, Kisses From Italy Inc (KITL) reported a net income of -$4.9M in fiscal year 2023, with a net profit margin of -2156.0%.

What is Kisses From Italy Inc's earnings per share (EPS)?

Kisses From Italy Inc (KITL) reported diluted earnings per share of $-0.02 for fiscal year 2023. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Kisses From Italy Inc's EBITDA?

Kisses From Italy Inc (KITL) had EBITDA of -$3.5M in fiscal year 2023, measuring earnings before interest, taxes, depreciation, and amortization.

What is Kisses From Italy Inc's gross margin?

Kisses From Italy Inc (KITL) had a gross margin of 47.8% in fiscal year 2023, indicating the percentage of revenue retained after direct costs of goods sold.

What is Kisses From Italy Inc's operating margin?

Kisses From Italy Inc (KITL) had an operating margin of -1576.2% in fiscal year 2023, reflecting the profitability of core business operations before interest and taxes.

What is Kisses From Italy Inc's net profit margin?

Kisses From Italy Inc (KITL) had a net profit margin of -2156.0% in fiscal year 2023, representing the share of revenue converted into profit after all expenses.

What is Kisses From Italy Inc's free cash flow?

Kisses From Italy Inc (KITL) generated -$835K in free cash flow during fiscal year 2023. This represents a -34.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Kisses From Italy Inc's operating cash flow?

Kisses From Italy Inc (KITL) generated -$835K in operating cash flow during fiscal year 2023, representing cash generated from core business activities.

What are Kisses From Italy Inc's total assets?

Kisses From Italy Inc (KITL) had $85K in total assets as of fiscal year 2023, including both current and long-term assets.

What are Kisses From Italy Inc's capital expenditures?

Kisses From Italy Inc (KITL) invested $0 in capital expenditures during fiscal year 2023, funding long-term assets and infrastructure.

How many shares does Kisses From Italy Inc have outstanding?

Kisses From Italy Inc (KITL) had 337M shares outstanding as of fiscal year 2023.

What is Kisses From Italy Inc's current ratio?

Kisses From Italy Inc (KITL) had a current ratio of 0.05 as of fiscal year 2023, which is below 1.0, which may suggest potential liquidity concerns.

What is Kisses From Italy Inc's debt-to-equity ratio?

Kisses From Italy Inc (KITL) had a debt-to-equity ratio of -1.10 as of fiscal year 2023, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Kisses From Italy Inc's return on assets (ROA)?

Kisses From Italy Inc (KITL) had a return on assets of -5699.6% for fiscal year 2023, measuring how efficiently the company uses its assets to generate profit.

What is Kisses From Italy Inc's cash runway?

Based on fiscal year 2023 data, Kisses From Italy Inc (KITL) had $25K in cash against an annual operating cash burn of $835K. This gives an estimated cash runway of approximately 0 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

Why is Kisses From Italy Inc's debt-to-equity ratio negative or unusual?

Kisses From Italy Inc (KITL) has negative shareholder equity of -$849K as of fiscal year 2023, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.

What is Kisses From Italy Inc's Piotroski F-Score?

Kisses From Italy Inc (KITL) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Kisses From Italy Inc's earnings high quality?

Kisses From Italy Inc (KITL) has an earnings quality ratio of 0.17x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Kisses From Italy Inc cover its interest payments?

Kisses From Italy Inc (KITL) has an interest coverage ratio of -2.4x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Kisses From Italy Inc?

Kisses From Italy Inc (KITL) scores 0 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.