Nitches Inc Financials
This page shows Nitches Inc (NICH) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 3 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
Nitches Inc passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Nitches Inc generates $0.13 in operating cash flow (-$370K OCF vs -$2.8M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Nitches Inc earns $-0.4 in operating income for every $1 of interest expense (-$632K vs $1.4M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Nitches Inc generated $5K in revenue in fiscal year 2024. This represents an increase of 14.3% from the prior year.
Nitches Inc's EBITDA was -$629K in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 43.7% from the prior year.
Nitches Inc reported -$2.8M in net income in fiscal year 2024. This represents a decrease of 66.2% from the prior year.
Cash & Balance Sheet
Nitches Inc held $60K in cash against $0 in long-term debt as of fiscal year 2024.
Margins & Returns
Nitches Inc's gross margin was -3038.2% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 2632.6 percentage points from the prior year.
Nitches Inc's operating margin was -13091.8% in fiscal year 2024, reflecting core business profitability. This is down 2596.4 percentage points from the prior year.
Nitches Inc's net profit margin was -58869.1% in fiscal year 2024, showing the share of revenue converted to profit. This is down 18378.6 percentage points from the prior year.
Capital Allocation
NICH Income Statement
| Metric | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | $0-100.0% | $5K | $0-100.0% | $382-54.3% | $835-33.6% | $1K-28.2% | $2K |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | -$500-115.9% | $3K+47.0% | $2K+132.4% | -$7K-40.1% | -$5K+36.9% | -$7K-553.2% | $2K |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | $71K+1.0% | $70K-66.6% | $209K+358.4% | $46K-52.3% | $96K |
| Operating Income | N/A | -$93K-163.4% | $146K+310.0% | -$70K+12.7% | -$80K+62.6% | -$214K-291.9% | -$54K+42.9% | -$95K |
| Interest Expense | N/A | -$436K+60.1% | -$1.1M-433.8% | -$205K-1752.1% | $12K+259.6% | $3K-10.2% | $4K+106.7% | -$57K |
| Income Tax | N/A | N/A | N/A | $0 | $0 | $0 | $0 | $0 |
| Net Income | N/A | $160K+109.0% | -$1.8M-793.5% | -$198K+82.4% | -$1.1M-346.4% | -$252K-202.9% | -$83K+66.5% | -$248K |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
NICH Balance Sheet
| Metric | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $64K-75.4% | $261K+22.8% | $213K+5.6% | $201K+12.8% | $179K-15.8% | $212K+38.8% | $153K | N/A |
| Current Assets | $62K-67.4% | $190K+31.7% | $144K-0.5% | $145K+0.7% | $144K-21.0% | $182K+33.4% | $136K | N/A |
| Cash & Equivalents | $60K+64.4% | $36K+405.4% | $7K-8.3% | $8K+2188.7% | $344-97.3% | $13K+1227.0% | $949-76.1% | $4K |
| Inventory | $0-100.0% | $152K+12.2% | $135K0.0% | $135K0.0% | $135K-0.4% | $136K0.0% | $136K | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $2.3M+47.6% | $1.6M-18.4% | $1.9M+156.1% | $756K+80.7% | $418K+129.3% | $183K-34.0% | $277K | N/A |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | -$2.3M-72.0% | -$1.3M+23.5% | -$1.7M-210.7% | -$555K-131.2% | -$240K-909.3% | $30K+133.0% | -$90K+59.5% | -$222K |
| Retained Earnings | -$34.7M-6.6% | -$32.5M+0.5% | -$32.7M-5.0% | -$31.1M+2.2% | -$31.8M-4.2% | -$30.5M-0.4% | -$30.4M | N/A |
NICH Cash Flow Statement
| Metric | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$344K-219.9% | -$107K-172.7% | $148K+320.1% | -$67K-134.5% | $194K+182.1% | -$237K-340.3% | -$54K+57.8% | -$127K |
| Capital Expenditures | N/A | $0 | $0 | $0+100.0% | -$19K-223.3% | $15K | $0-100.0% | $4K |
| Free Cash Flow | N/A | -$107K-172.7% | $148K+320.1% | -$67K-138.2% | $176K+169.8% | -$252K-368.2% | -$54K+58.9% | -$131K |
| Investing Cash Flow | $40K+1106.3% | -$4K+69.6% | -$13K+43.1% | -$23K-285.0% | -$6K+60.0% | -$15K | $0+100.0% | -$4K |
| Financing Cash Flow | $327K+132.4% | $141K+204.0% | -$135K-238.4% | $98K+148.7% | -$201K-176.2% | $263K+419.0% | $51K-19.9% | $63K |
| 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 |
NICH Financial Ratios
| Metric | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | 65.1% | N/A | -1727.8%-1163.7pp | -564.1%+30.0pp | -594.1%-688.3pp | 94.2% |
| Operating Margin | N/A | N/A | 3032.1% | N/A | -20916.2%+4657.7pp | -25573.9%-21239.1pp | -4334.8%+1116.5pp | -5451.3% |
| Net Margin | N/A | N/A | -36630.1% | N/A | -294846.6%-264626.7pp | -30219.9%-23593.2pp | -6626.7%+7565.8pp | -14192.6% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | -851.3% | N/A | N/A |
| Return on Assets | N/A | 61.2%+893.4pp | -832.2%-733.9pp | -98.3%+532.3pp | -630.6%-511.7pp | -118.9%-64.4pp | -54.5% | N/A |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | -1.03+0.2 | -1.20-0.1 | -1.12+0.2 | -1.36+0.4 | -1.74-7.9 | 6.16+9.2 | -3.08 | N/A |
| FCF Margin | N/A | N/A | 3059.3% | N/A | 46045.3%+76204.1pp | -30158.8%-25880.0pp | -4278.8%+3197.3pp | -7476.1% |
Note: Shareholder equity is negative (-$2.3M), 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.
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Frequently Asked Questions
What is Nitches Inc's annual revenue?
Nitches Inc (NICH) reported $5K in total revenue for fiscal year 2024. This represents a 14.3% 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 Nitches Inc's revenue growing?
Nitches Inc (NICH) revenue grew by 14.3% year-over-year, from $4K to $5K in fiscal year 2024.
Is Nitches Inc profitable?
No, Nitches Inc (NICH) reported a net income of -$2.8M in fiscal year 2024, with a net profit margin of -58869.1%.
What is Nitches Inc's EBITDA?
Nitches Inc (NICH) had EBITDA of -$629K in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is Nitches Inc's gross margin?
Nitches Inc (NICH) had a gross margin of -3038.2% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Nitches Inc's operating margin?
Nitches Inc (NICH) had an operating margin of -13091.8% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Nitches Inc's net profit margin?
Nitches Inc (NICH) had a net profit margin of -58869.1% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Nitches Inc's operating cash flow?
Nitches Inc (NICH) generated -$370K in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Nitches Inc's total assets?
Nitches Inc (NICH) had $64K in total assets as of fiscal year 2024, including both current and long-term assets.
What is Nitches Inc's debt-to-equity ratio?
Nitches Inc (NICH) had a debt-to-equity ratio of -1.03 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Nitches Inc's return on assets (ROA)?
Nitches Inc (NICH) had a return on assets of -4431.8% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Nitches Inc's cash runway?
Based on fiscal year 2024 data, Nitches Inc (NICH) had $60K in cash against an annual operating cash burn of $370K. This gives an estimated cash runway of approximately 2 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 Nitches Inc's debt-to-equity ratio negative or unusual?
Nitches Inc (NICH) has negative shareholder equity of -$2.3M as of fiscal year 2024, 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 Nitches Inc's Piotroski F-Score?
Nitches Inc (NICH) has a Piotroski F-Score of 2 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 Nitches Inc's earnings high quality?
Nitches Inc (NICH) has an earnings quality ratio of 0.13x, 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 Nitches Inc cover its interest payments?
Nitches Inc (NICH) has an interest coverage ratio of -0.4x, 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.