Skip to content
MARKETS / BALCAO / KITL
BALCAO · RETAIL-EATING & DRINKING PLACES · SMALL CAP

Kisses From Italy Inc. KITL

7 fiscal years on record · USD · FY2023 reported · SEC filings only
$225,953
▼ 42.3% YoY
$-4.9M
$-835,051
In brief

What this company does

The Company's main focus is to develop a fast, casual food dining chain restaurant business of corporate-owned restaurants and expanding through a nationwide/international franchise and territory sales program. The Company commenced operations in May 2015 by opening its first location in Fort Lauderdale, Florida, which is the only operating restaurant as of the date of this Annual Report. The Company opened its European location in Ceglie del Campo, Bari, Italy, in October 2019. In June 2020, the Company entered into a multi-unit development agreement pursuant to which it granted development rights to Demasar Management, Inc. to open and operate up to 100 restaurants in Canada.

Written from the business description in Kisses From Italy Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 15 July 2024. Every sentence was checked against that document before publication.

Growth
USD 225,953.00
Revenue, FY2023 · full 7-year series below
Revenue $M Net income $M
FY2023 · Revenue 0.2 · Net income -4.9
0.25M0.50M-2.00M-4.00M2017201820192020202120222023
Compound annual growth
−24.0%
−12.7%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at −12.7% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−2156 cents
lost on every revenue dollar
Operating margin Net margin
FY2023 · Operating -1576.2% · Net -2156.0%
-1000%-2000%2017201820192020202120222023
ROE

Not applicable: equity was negative in this period, so return on equity has no meaning.

Cash & shareholders
returned in FY2023 · dividends + net buybacks
Free cash flow $
FY2023 · FCF -835051.0
-400000-8000002017201820192020202120222023

Total assetsUSD 85,473.00
EquityUSD -848,528.00
CashUSD 24,842.00
Gross debtUSD 352,497.00
Net debtUSD 327,655.00
Current ratio0.05×

Equity was negative — liabilities exceeded assets. No ratio is shown.

The 7-year record
7 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 2023202220212020201920182017
Revenue $B0.00.00.00.00.00.00.0
Operating income $B−0.0−0.0−0.0−0.0−0.0−0.0−0.0
EBITDA $B−0.0−0.0−0.0−0.0−0.0−0.0−0.0
Income tax $B0.00.00.00.00.00.00.0
Net income $B−0.0−0.0−0.0−0.0−0.0−0.0−0.0
Free cash flow $B−0.0−0.0−0.0−0.0−0.0−0.0−0.0
EPS, diluted $−0.020.00−0.03−0.03−0.03−0.01−0.01
Dividend / sh $·······
Payout %·······
ROE %·······
Shares out B0.340.190.180.150.130.080.08

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 34 reconciliationsAUDITED

Reconciled in 7 of 19 fiscal years. 61 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityRetail-Eating & Drinking Places
Listed onOTC market
Incorporated inFlorida
Fiscal year endsDecember 31
SEC categoryemerging growth company, smaller reporting company
Data on record since2017

Share this section

Download image