Kisses From Italy Inc. income statement KITL

Annual Quarterly

In fiscal 2023, which ended Dec 31, 2023, Kisses From Italy Inc. reported revenue of $225,953, down 42.3% from the year before. It recorded a net loss of $4.9 million. The operating loss came to $3.6 million, an operating margin of -1576.2%. Diluted earnings per share were -$0.02. Over the twelve months ended Sep 30, 2024, revenue was $71,874 and the net loss was $516,227. Across the 6 fiscal years shown, revenue shrank from $444,421 in fiscal 2018 to $225,953 in fiscal 2023, about 12.7% a year.

USD in millions, except per-share amounts and margins. The percent under a figure is the change from the year before.

Line	FY 2024 Sep 30, 2024	FY 2023 Dec 31, 2023	FY 2022 Dec 31, 2022	FY 2021 Dec 31, 2021	FY 2020 Dec 31, 2020	FY 2019 Dec 31, 2019	FY 2018 Dec 31, 2018
Revenue	0 -74.6%	0 -42.3%	0 -2.3%	0 -22.1%	1 +11.4%	0 +3.8%	0
Cost of revenue	0 -66.6%	0 -44.6%	0 +4.9%	0 +78.0%	0 -46.8%	0 +2.3%	0
Gross profit	0 -83.3%	0 -39.5%	0 -9.7%	0 -50.6%	0 +62.0%	0 +5.1%	0
Selling, general and administrative	0 -46.0%	0 +8.1%	0 +49.3%	0 +1.8%	0 +2.8%	0 +34.4%	0
Operating income	-1 +79.1%	-4 -614.8%	-0 +88.0%	-4 -27.7%	-3 -17.2%	-3 -675.0%	-0
Other income (expense)	0 +107.5%	-1 -261.4%	-0 +54.6%	-1 -60.5%	-0 -46.6%	-0 -196.9%	-0
Pretax income	-1 +87.9%	-5 -466.0%	-1 +82.6%	-5 -32.1%	-4 -20.4%	-3 -559.0%	-0
Income tax	0	0	0	0	0	0	0
Net income	-1 +88.7%	-5 -474.9%	-1 +82.9%	-5 -33.2%	-4 -20.3%	-3 -592.1%	-0
Basic EPS	-0.00 +93.0%	-0.02	0.00	—	—	—	—
Diluted EPS	-0.00 +93.0%	-0.02	0.00	—	—	—	—
Weighted average shares, basic	360 +60.9%	257 +38.8%	185	—	—	—	—
Weighted average shares, diluted	360 +60.9%	257 +38.8%	185	—	—	—	—
Other measures
Depreciation and amortization	0 -100.0%	0 +1780.6%	0 -54.2%	0 -91.2%	0 +20.0%	0 +8.9%	0
EBITDA	-1 +78.9%	-4 -609.9%	-0 +88.0%	-4 -29.7%	-3 -17.2%	-3 -758.5%	-0
Interest coverage	—	—	—	—	—	-15.80x	—
Margins
Gross margin	31.65%	47.77%	45.56%	49.30%	77.80%	53.53%	52.84%
Operating margin	-911.66%	-1,576.22%	-127.28%	-1,033.25%	-630.48%	-599.31%	-80.27%
Pretax margin	-764.06%	-2,156.00%	-219.88%	-1,232.64%	-727.29%	-672.87%	-105.99%
Profit margin	-718.24%	-2,156.00%	-216.48%	-1,233.49%	-721.62%	-668.30%	-100.23%
EBITDA margin	-911.66%	-1,558.68%	-126.74%	-1,032.10%	-620.37%	-589.92%	-71.32%

How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and margins. Weighted average shares are in millions. Interest expense and finance costs are positive costs. A negative amount on a gain (loss) or income (expense) line is a loss or an expense. EBITDA is operating income plus depreciation and amortization. Interest coverage is operating income divided by interest expense. The first column is the trailing twelve months through the latest quarter. More on our methodology.

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Company profile

Industry: Retail-Eating & Drinking Places (SIC 5810)
Listed as: KITL (OTC)
Fiscal year ends: December 31
Incorporated in: FL
Headquarters: Miami, FL
SEC filer status: Non-accelerated filer, Smaller reporting company, Emerging growth company
SEC CIK: 1608092
Former names: Kisses From Italy, Inc. (until Aug 18, 2020)

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.