Kisses From Italy Inc (PK:KITL)
Business Focus: Restaurants & Bars
| Sector: Consumer Cyclicals | Industry: Restaurants & Bars |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | Suite 2000, 80 Sw 8Th Street MIAMI FL 33130 |
| Tel: | N/A |
| Website: | https://kissesfromitaly.com |
| IR: | See website |
| Key People | ||
| Michele Di Turi Chairman of the Board, President, Co-Chief Executive Officer | Claudio Ferri Co-Chief Executive Officer, Chief Investment Officer, Director | Leonardo Fraccalvieri Chief Operating Officer, Director |
| Business Overview |
| Kisses From Italy Inc. is a restaurant chain operator, franchisor and product distributor. The Company is primarily focused on developing a fast, casual food dining chain restaurant business. Its menu includes grilled paninis, including an Italian-style panini, sausage, beef, sliced pork, or chicken topped. The Company also offers deli paninis, including fresh cheese panini, prosciutto, salami, capocollo, bresaola, and turkey paninis. It offers desserts including a Nutella sandwich, a variety of fresh Danish, cannoli, Italian biscotti, sfogliatelle, or a corneti. The Company also has full coffee and tea favorites, including espresso, cappuccino, and other coffee drinks, soft drinks, bottled water and juices, as well as various flavors of granite (ices). In addition to opening its Company-owned restaurants, it is also engaged in franchising its restaurant concept. The Company operates approximately three corporate-owned stores and two franchised locations in the U.S. and Canada. |
| Financial Overview |
| For the nine months ended 30 September 2023, Kisses From Italy Inc revenues decreased 35% to $203K. Net loss increased from $839K to $4.6M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Higher net loss reflects Stock based compensation-related party increase from $0K to $2.2M (expense), Interest (expense) increase from $312K to $1.4M (expense). |
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