Market Movers (8-K)
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Nitches INCNitches, Inc. announced that its Board of Directors has concluded that financial statements for the fiscal year ended August 31, 2023, and potentially certain quarterly reports, can no longer be relied upon due to material misstatements, necessitating a restatement.
Delay expected
Worse than expected
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Nitches INCNitches, Inc. has replaced its independent accountant from Olayinka Oyebola & Co. (OOC) to RBSM LLP, effective around October 21, 2024, with the board of directors approving the decision.
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Nitches INCNitches, Inc. has established a new subsidiary, In the Zone Labs, in Florida to develop health and wellness products.
Quarterly Earnings (10-Q)
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Nitches INC10-Q/A: Nitches Inc. Reports Q2 2024 Results, Cites Going Concern Uncertainty and Derivative Liability Surge
Nitches Inc.'s Q2 2024 filing reveals a significant net loss, a substantial increase in derivative liabilities, and ongoing concerns about the company's ability to continue as a going concern.
Worse than expected
Capital raise
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Nitches INCNitches Inc.'s Q1 2024 filing reveals a continued net loss and a strategic pivot towards lifestyle brands and media marketing.
Worse than expected
Capital raise
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Nitches INCNitches Inc.'s Q3 2024 financial results show increased net losses and a significant rise in derivative liabilities, alongside minimal revenue.
Worse than expected
Capital raise
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Nitches INC10-Q: Nitches Inc. Reports Q3 2024 Results, Cites Ongoing Reorganization and Focus on Lifestyle Brands
Nitches Inc.'s Q3 2024 filing reveals minimal revenue, a significant net loss, and a continued shift towards becoming a diversified holding company focused on lifestyle brands.
Worse than expected
Capital raise
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Nitches INCNitches Inc.'s Q2 2024 filing reveals minimal revenue and ongoing restructuring efforts, alongside significant losses and reliance on debt financing.
Worse than expected
Capital raise
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Nitches INCNitches Inc.'s Q1 2024 results reveal minimal revenue and a net loss, highlighting the challenges of its ongoing reorganization and shift towards a diversified holding company model.
Worse than expected
Capital raise
Annual Reports (10-K)
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Nitches INCNitches Inc. reported a significant increase in net loss for fiscal year 2024, alongside a restatement of prior financials, substantial debt, and regulatory warnings from the SEC.
Worse than expected
Delay expected
Capital raise
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Nitches INC10-K/A: Nitches Inc. Files Amended 10-K/A Report: Focus Shifts to Merchandise and Sustainable Practices
Nitches Inc.'s amended 10-K/A filing reveals a strategic shift towards merchandise sales, sustainable supply chains, and influencer partnerships, while addressing past ventures and financial results for the year ended August 31, 2023.
Worse than expected
Capital raise
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Nitches INC10-K/A: Nitches Inc. Files Amended 10-K, Reports on Fiscal Year 2023 Performance and Strategic Shifts
Nitches Inc.'s amended 10-K filing details a year of strategic pivots, including a move away from metaverse initiatives, and a focus on branded merchandise and sustainable supply chains, alongside financial results showing increased revenue but continued losses.
Worse than expected
Capital raise
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Nitches INC10-K/A: Nitches Inc. Files Amended 10-K, Reports on Fiscal Year 2023 Performance and Strategic Shifts
Nitches Inc.'s amended 10-K filing details a year of strategic pivots, including a move away from metaverse initiatives, and a focus on branded merchandise and sustainable supply chains, alongside financial results showing increased revenue but continued losses.
Worse than expected
Capital raise