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Nitches Inc Financials

NICH
Source SEC Filings (10-K/10-Q) Data as of Aug 31, 2024 Currency USD FYE August

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).

Rhea AI NICH FY2024

Liquidity is being preserved by shrinking the operating footprint while liabilities outgrow assets and revenue stays too small to support them.

Inventory fell from $135.0K to $0 between FY2023 and FY2024. Cash reached $60.0K at the same time, which suggests liquidity was rebuilt by unwinding working capital rather than by a sales engine that converts revenue into cash; that is a balance-sheet repair mechanism, not evidence that operations started self-funding.

In FY2024, gross loss of $146.7K on revenue of $4.8K means reported sales did not cover direct costs. That tells you selling more of the same would not automatically fix the model; this was not just an overhead problem, because the product-level economics were already negative.

The balance sheet became far more creditor-funded: total liabilities climbed to $2.33M in FY2024 while total assets were only $64.2K. With equity deeply negative for a second straight year, the remaining asset base functions more like a thin buffer than a reserve that can absorb setbacks.

Generated by Rhea from SEC filings [ NOT FINANCIAL ADVICE ]

Financial Health Signals

Financial health score pending refresh

We are recalculating Nitches Inc's peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The signals and metrics below are current.

Key Financial Metrics

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Earnings & Revenue

Revenue
$5K
YoY+14.3%

Nitches Inc generated $5K in revenue in fiscal year 2024. This represents an increase of 14.3% from the prior year.

EBITDA
N/A
Net Income
N/A
EPS (Diluted)
N/A

Cash & Balance Sheet

Free Cash Flow
N/A
Cash & Debt
$60K
YoY+17339.2%

Nitches Inc held $60K in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share
N/A
Shares Outstanding
N/A

Margins & Returns

Gross Margin
-3038.2%
YoY-2632.6pp

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.

Operating Margin
N/A
Net Margin
N/A
Return on Equity
N/A

Capital Allocation

R&D Spending
N/A
Share Buybacks
N/A
Capital Expenditures
N/A

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 N/A -$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 N/A -$198K N/A -$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 N/A -$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 N/A $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 N/A N/A N/A -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% N/A -98.3% N/A -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

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.

Nitches Inc (NICH) revenue grew by 14.3% year-over-year, from $4K to $5K in fiscal year 2024.

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.

Nitches Inc (NICH) had $64K in total assets as of fiscal year 2024, including both current and long-term assets.

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.

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.

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