Kisses From Italy Inc.
KITL · Retail-Eating & Drinking Places · 407.8M shares · +10%/yr ↑ shares · EDGAR filings ↗
Grade
F36Going-concern restaurant micro-cap down to one operating location with essentially no cash and deeply negative returns.
Strengths
- Gross margin 47.8% sits near sector median (57th pct)
- Some brand/franchise infrastructure and a development agreement on paper
Risks
- Cash runway ~0.1 quarters, current ratio 0.05 (4.6th pct) — near cash-out
- Net margin -21.6% and ROA -57% (0.7th pct); financed via toxic convertible notes and equity dilution
- The 98th-pct ROE is a negative-equity artifact, not a sign of profitability
Notable findings
- Net lossNet loss (net margin -2156.0%)
- Cash burnNegative free cash flow (-0.8M)
- Weak liquidityCurrent ratio 0.05 (<1)
- Chronic dilutionShare count +10%/yr over 1y (dilution)
- Revenue declineRevenue -95.4% YoY
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
47.8%
Operating margin
-1576.2%
Net margin
-2156.0%
Return on equity
574.1%
Return on assets
-5699.5%
Revenue growth (QoQ)
-95.4%
Current ratio
0.1×
Free cash flow
-$835K
EBITDA
-$4M
Tangible book value
-$849K
Cash & investments
$25K
Cash runway
0q
Stock comp / revenue
138.3%
Notable events (8-K)
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 10-Q | 2024-12-31 | 2024-09-30 | 0001683168-24-009066 ↗ |
| 10-Q | 2024-08-19 | 2024-06-30 | 0001683168-24-005907 ↗ |
| 10-Q/A | 2024-08-13 | 2024-03-31 | 0001683168-24-005519 ↗ |
| 8-K | 2024-07-22 | 2024-07-16 | 0001683168-24-004975 ↗ |
| 10-K | 2024-07-15 | 2023-12-31 | 0001683168-24-004856 ↗ |
| 10-Q | 2024-07-15 | 2024-03-31 | 0001683168-24-004860 ↗ |
| 8-K | 2024-05-17 | 2024-05-16 | 0001683168-24-003627 ↗ |
| 8-K | 2024-05-08 | 2024-05-03 | 0001683168-24-003079 ↗ |
| 8-K | 2024-02-14 | 2024-02-09 | 0001683168-24-000958 ↗ |
| 8-K | 2024-02-13 | 2024-02-08 | 0001683168-24-000901 ↗ |
| 8-K/A | 2023-12-11 | 2023-03-27 | 0001683168-23-008772 ↗ |
| 8-K | 2023-12-11 | 2023-12-05 | 0001683168-23-008776 ↗ |