Nitches INC

8-K10-Q10-K

Market Movers (8-K)

OID
Nitches, 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
OID
Nitches, 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.
OID
Nitches, 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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OID
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
OID
Nitches 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
OID
Nitches 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
OID
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
OID
Nitches 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
OID
Nitches 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)

OID
Nitches 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
OID
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
OID
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
OID
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