KITL Kisses From Italy Inc.

Overview and Growth

In fiscal 2023, Kisses From Italy Inc. recorded $225.95K of revenue, net loss of $4.87M, and an operating cash outflow of $835.05K. Revenue of $225.95K sets the scale for evaluating how effectively sales translated into profit and cash during the year. The top line contracted 42.3% from $391.45K in fiscal 2022; this top-line contraction left the company with a smaller revenue base. Diluted earnings per share were -$0.02, translating the period’s attributable earnings into the amount reported for each diluted share. The diluted weighted-average share count was 256.62M, linking total earnings with the per-share result received by shareholders. Diluted shares moved 38.8% from 184.93M in fiscal 2022, leaving the current share base higher year over year. The company employed $85.47K of total assets, the balance-sheet base supporting its current operating and cash-flow results. Asset turnover was 2.64x, relating the company’s annual revenue directly to the total assets reported at the period end.

Profitability

The first profit layer was $107.95K of gross profit, the amount available after reported direct revenue costs to absorb operating expenses. Gross margin was 47.8%, so that share of each revenue unit remained after the cost of revenue reported for the period. The reported operating result was an operating loss of $3.56M, reflecting costs that exceeded gross profit. The company ended the period with a net loss of $4.87M, extending the operating result through all remaining items. EBITDA was negative $3.52M, showing a deficit before interest, taxes, depreciation, and amortization. Before income taxes, the company recorded a loss of $4.87M, bridging the operating result to the final net loss. The reported income-tax provision was $0.00, the amount recognized between pretax income and the final net-income result. The bottom-line deficit increased from $847.38K in fiscal 2022 to $4.87M.

Liquidity and Capital Structure

The company held $85.47K of assets against $934.00K of liabilities and -$881.51K of equity, revealing how the asset base was financed. Equity was negative at -$881.51K, meaning liabilities exceeded the residual book value available to shareholders and weakening balance-sheet resilience. At period end, current assets of $41.88K compared with current liabilities of $831.50K, defining the company’s short-term resource position. At 0.05x, current liabilities exceeded current assets and placed pressure on the company’s near-term liquidity position. Cash and equivalents totaled $24.84K, identifying the most liquid reported component available within the broader current-asset balance. Measured only with cash and equivalents, coverage of current liabilities was 3.0%, excluding receivables and other current assets. The cash-to-assets relationship was 29.1%, comparing reported cash and equivalents with the full positive asset balance. The asset base changed 90.7% from $922.36K in fiscal 2022, leaving current total assets lower year over year. Compared with $324.49K in fiscal 2022, the current cash balance moved 92.3% and finished lower.

Cash Flow and Earnings Quality

The company reported an operating cash outflow of $835.05K, rather than cash generation from operations. Negative free cash flow was $835.05K, leaving a cash deficit after capital spending and reducing financial flexibility. The free-cash-flow deficit equaled 369.6% of revenue, showing the post-investment cash shortfall relative to sales. Relative to total assets, the post-investment cash deficit measured 977.0%. Compared with a $579.14K operating cash outflow in fiscal 2022, the current outflow increased to $835.05K.

Based on the annual report for the fiscal year ending Dec 31, 2023. Analysis generated Oct 21, 2026.