KITL
Kisses From Italy Inc.0.0033
-0.0003-8.33%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
1.38MP/E (TTM)
-Basic EPS (TTM)
0.00Dividend Yield
0%Recent Filings
10-Q
Q3 FY2024 results
Kisses From Italy's Q3 2024 results show revenue plunging to $715 from $26,567 a year earlier, with gross profit flipping to a $2,354 loss amid store closures, yet operating expenses dropped sharply to $10,331 from $1,400,388, trimming the net loss to $32,201 versus $2,248,332. Year-to-date, sales fell 76% to $49,327 (derived), driving a $199,155 net loss—far better than 2023's $4,554,473—while diluted EPS held at $(0.00) on 374,771,067 shares, consistent with anti-dilutive effects from options and convertibles. Cash dwindled to $810, with $56,448 used in operations offset by $32,415 from equity line sales, leaving $979,922 in liabilities including $352,497 related-party notes and $389,550 convertibles. Store shutdowns slashed costs but squeezed liquidity. Closures sting, but leaner ops hint at turnaround potential. Debt covenants loom large.
10-Q
Q2 FY2024 results
Kisses From Italy's Q2 revenue fell sharply to $15.5K from $61.4K a year earlier, driven by store closures, while gross profit shrank to $7.7K with a steady 49.5% margin. Operating loss narrowed to $21.1K from $1.2M, thanks to slashed expenses like consulting fees down 95% y/y, though a $34.2K fixed asset impairment hit Q2. Net loss improved to $31.7K, or $0.00 per diluted share on 373M shares, versus $1.4M last year; the gap reflects lower interest costs of $17.2K. Cash dwindled to $1.2K amid $56.1K operating burn, offset by $32.4K from equity line draws, leaving $407.5K in convertible notes and $352.5K related-party debt at 8%. Store relocations in South Florida aim to boost efficiency. Yet competition in casual dining squeezes margins further.
8-K
Delisted from OTCQB for low bid
Kisses From Italy Inc. got booted from the OTCQB marketplace on July 16, 2024, after failing to lift its common stock's closing bid price above $0.01 for ten straight trading days during an extended cure period ending July 12. The stock now trades on the lower Pink Current tier, but the company has a 30-day window to rebound and possibly return to OTCQB without extra steps. Delisting stings liquidity. Compliance now hinges on quick price recovery.
10-K
FY2023 results
Kisses From Italy Inc. wrapped FY2023 with revenues of $225,953, down 42% y/y from $391,447 in FY2022, as the Wyndham Palm-Aire location closed in September, leaving just the Fort Lauderdale flagship operational. Q4 saw further revenue contraction amid the site's permanent Bari, Italy, closure on December 31, yet gross profit held at $107,948 annually, with Q4 margins squeezed by lower volumes. Operating losses ballooned to $3.6M, driven by $2.8M in non-cash stock-based compensation to insiders, while net loss hit $4.9M versus $0.8M in 2022, fueled by $1.1M higher interest and financing costs. Cash dwindled to $25K by year-end, with $535K raised via convertible notes and equity line sales; no dividends or buybacks occurred. No annual guidance disclosed. Economic downturns could stall quarterly recovery.
10-Q
Q1 FY2024 results
Kisses From Italy's Q1 2024 revenue fell 71% y/y to $33,119, reflecting the September 2023 closure of its Wyndham Palm-Aire store, while gross profit dropped to $16,624 from $56,589. Operating expenses shrank 78% to $116,974, mainly from lower consulting fees and general costs, though a $34,221 fixed asset impairment hit the books. This yielded an operating loss of $100,350, narrowing sharply from $474,694, with net loss at $110,118 versus $952,381 last year—the gap stems from absent one-time items like debt extinguishment and derivative changes. Cash dwindled to $2,008 amid $55,249 operating outflows, offset by $32,415 from the equity line; related-party notes total $352,497 due July 2024, convertible notes $407,500. Shares outstanding climbed to 372.9 million. Liquidity strains persist.
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