A Business at a Glance
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Mitesco, Inc.
MITI
$906K
Mkt Cap
$0.06
-14.29%
Mitesco, Inc. (MITI) has a 5-year average return on invested capital (ROIC) of -79.8%. This is below average and may indicate limited pricing power.
Mitesco, Inc. (MITI) has a market capitalization of $906K. It is classified as a small-cap stock.
Mitesco, Inc. (MITI) does not currently pay a regular dividend.
Mitesco, Inc. (MITI) operates in the Services-Computer Programming, Data Processing, Etc. industry, within the Technology sector.
Mitesco, Inc. (MITI) generated $702 thousand in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Mitesco, Inc. (MITI) reported earnings per share (EPS) of $0.03 in its most recent fiscal year.
Mitesco, Inc. (MITI) has a return on equity (ROE) of -2.0%. A negative ROE may indicate losses or negative equity.
ITEM 1. BUSINESS Mitesco, Inc. (the “Company,” “we,” “us,” or “our”) was formed in the state of Delaware on January 18, 2012. On December 9, 2015, we restructured our operations and acquired Newco4pharmacy, LLC, a development stage company which sought to acquire compounding pharmacy businesses. As a part of the restructuring, we shut down our former business line. On April 24, 2020, we changed our name to Mitesco, Inc. In October 2023, the Company changed its domicile from Delaware to Nevada in order to effect reduced costs. From 2020 through 2022, our operations were focused on establishing medical clinics utilizing nurse practitioners under The Good Clinic name and development and acquisition of telemedicine technology. We opened our first The Good Clinic in Minneapolis, Minnesota in the first quarter of 2021 and had six operating clinics during the year ended December 31, 2022, with two additional sites under contract.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 0 | - | - | 0 | 0 | - |
| Net Income | 499K | 499K | -2.5M | -13M | -24M | -11M |
| EPS | $0.03 | $0.03 | $-0.42 | $-2.91 | $-232.76 | $-115.77 |
| Free Cash Flow | 702K | 702K | -514K | -760K | -5.2M | -8.3M |
| ROIC | -1421.6% | 0.0% | -484.2% | -72003.8% | -131.5% | -108.0% |
| Gross Margin | - | - | - | - | - | - |
| Debt/Equity | 0.00 | -0.03 | -0.02 | -0.07 | -0.50 | 4.21 |
| Dividends/Share | $0.00 | $0.00 | - | - | - | - |
| Operating Income | -1.9M | -1.9M | -1.2M | -2.6M | -4.3M | -6.4M |
| Operating Margin | 0.0% | 0.0% | - | - | - | - |
| ROE | 0.0% | -2.0% | 12.4% | 80.1% | 261.6% | -999.8% |
| Shares Outstanding | 15M | 15M | 6M | 5M | 0M | 0M |
| Metric | 2015 | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 228K | 465K | 0 | 0 | 0 | N/A | 0 | N/A | 0 | 0 | N/A | N/A | 0 |
| Gross Margin | 24.0% | 52.6% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D | 892K | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0 | 82K | 82K |
| SG&A | 2.2M | 65K | 4.4M | 700K | 1.3M | 1.4M | 2.5M | 6.1M | 4.3M | 2.5M | 1.2M | 1.7M | 1.7M |
| EBIT | N/A | -65K | -4.4M | -700K | -1.3M | -1.4M | -2.5M | -6.4M | -4.3M | -2.6M | -1.2M | -1.9M | -1.9M |
| Op. Margin | N/A | -13.9% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% | 0.0% |
| Net Income | N/A | N/A | -4.9M | -754K | -1.4M | -3.9M | -2.9M | -11M | -24M | -13M | -2.5M | 499K | 499K |
| Net Margin | 0.0% | 0.0% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% | 0.0% |
| Non-Recurring | -6K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 141K | 0 | 113K | 113K |
| Returns on Capital | |||||||||||||
| ROIC | N/A | N/A | N/M | N/A | N/M | N/M | N/M | -108.0% | -131.5% | N/M | N/M | 0.0% | N/M |
| ROE | N/A | N/A | N/A | 61.5% | 93.1% | 195.6% | 120.8% | -999.8% | 261.6% | 80.1% | 12.4% | -2.0% | 0.0% |
| ROA | N/A | N/A | -20743.1% | N/A | -37201.7% | -7427.1% | -653.0% | -196.0% | -355.4% | -1023.7% | -2607.4% | 309.8% | 377.5% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | -1.4M | -79K | -270K | -47K | -247K | -784K | -1.5M | -5.0M | -5.2M | -760K | -514K | 702K | 702K |
| Free Cash Flow | -1.5M | -79K | -270K | -47K | -247K | -792K | -1.5M | -8.3M | -5.2M | -760K | -514K | 702K | 702K |
| Owner Earnings | -2.5M | -83K | -3.6M | -309K | -702K | -1.0M | -2.1M | -6.2M | -5.6M | -1.7M | -1.2M | -162K | -162K |
| CapEx | 7K | 0 | 0 | 0 | 0 | 8K | 0 | 3.3M | 16K | 0 | 0 | 0 | 0 |
| Maint. CapEx | 565K | 0 | 0 | 0 | 0 | 0 | 2K | 182K | 9K | 82K | 3K | 39K | 39K |
| Growth CapEx | 0 | N/A | N/A | N/A | N/A | N/A | N/A | 3.1M | 7K | N/A | N/A | N/A | 0 |
| D&A | 565K | 0 | 0 | 0 | 0 | 0 | 2K | 182K | 9K | 82K | 3K | 39K | 39K |
| CapEx/OCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | 0.0% | 0.0% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% | 0.0% |
| Stock-Based Comp | 451K | 4K | 3.4M | 262K | 456K | 234K | 568K | 1.0M | 451K | 905K | 702K | 825K | 825K |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12K | 0 | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | 153K | 94K | 324K | 196K | 988K | 437K | 2.9M | 3.6M | 9.5M | 1.0M | 644K | 638K | 638K |
| Cash & Equiv. | 14K | 28K | 0 | 0 | 1K | 83K | 65K | 1.2M | 36K | 3K | 3K | 101K | 101K |
| Long-Term Debt | 45K | N/A | 68K | 0 | 764K | 199K | 1.7M | 0 | 0 | 0 | 0 | 0 | N/A |
| Debt/Equity | N/A | -0.24 | -0.30 | -0.14 | -0.60 | -0.22 | -1.18 | 4.21 | -0.50 | -0.07 | -0.02 | -0.03 | 0.00 |
| Interest Coverage | N/A | -72.3 | -16.4 | -12.9 | -19.7 | -0.9 | -1.7 | -6.6 | -1.3 | -1.6 | -5.9 | -1.6 | -1.6 |
| Equity | N/A | -520K | -1.1M | -1.4M | -1.7M | -2.3M | -2.5M | 1.1M | -19M | -14M | -26M | -23M | -23M |
| Total Assets | 965K | 45K | 2K | 0 | 4K | 101K | 799K | 11M | 2.6M | 3K | 190K | 132K | 132K |
| Total Liabilities | N/A | 565K | 1.1M | 1.4M | 1.7M | 2.4M | 3.3M | 9.5M | 22M | 14M | 27M | 24M | 24M |
| Intangibles | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0 | 152K | 0 | 0 |
| Retained Earnings | -17M | -641K | -5.5M | -6.3M | -7.7M | -12M | -14M | -25M | -49M | -62M | -64M | -63M | -63M |
| Working Capital | -3.1M | -520K | -1.1M | N/A | -1.5M | -2.3M | -3.0M | -4.3M | -18M | -14M | -18M | -19M | -19M |
| Current Assets | 158K | 45K | 2K | 0 | 4K | 93K | 65K | 1.3M | 180K | 3K | 38K | 132K | 132K |
| Current Liabilities | 3.2M | 565K | 1.1M | 1.4M | 1.5M | 2.4M | 3.0M | 5.6M | 18M | 14M | 18M | 19M | 19M |
| Per Share Data | |||||||||||||
| EPS | -831.60 | -3,333.00 | -7.70 | -0.88 | -1.32 | -3.96 | -1.32 | -115.77 | -232.76 | -2.91 | -0.42 | 0.03 | 0.03 |
| Owner EPS | -498.70 | -35.47 | -5.75 | -0.36 | -0.66 | -1.04 | -0.94 | -64.13 | -55.66 | -0.38 | -0.20 | -0.01 | -0.01 |
| Book Value | N/A | -223.07 | -1.68 | -1.62 | -1.54 | -2.36 | -1.14 | 11.58 | -189.08 | -3.08 | -4.42 | -1.56 | -1.56 |
| Cash Flow/Share | -292.75 | -33.79 | -0.43 | -0.05 | -0.23 | -0.80 | -0.68 | -51.52 | -51.12 | -0.17 | -0.09 | 0.05 | 0.04 |
| Dividends/Share | 0.00 | 0.00 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 | 0.00 |
| Shares Out. | 0.0M | 0.0M | 0.6M | 0.9M | 1.1M | 1.0M | 2.2M | 0.1M | 0.1M | 4.6M | 6.0M | 15.1M | 15.1M |
| Valuation | |||||||||||||
| P/E Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 1.8 |
| P/FCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 1.3 |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price/Book | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 34.3 | N/A | N/A | N/A | N/A | N/A |
| Price/Sales | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| FCF Yield | N/A | N/A | -12.9% | -2.5% | -2.9% | -8.1% | -51.8% | -21.5% | -104.7% | -552.7% | -22.1% | N/A | 77.5% |
| Market Cap | 0 | 0 | 2.1M | 1.9M | 8.7M | 9.8M | 2.9M | 39M | 5.0M | 137K | 2.3M | 0 | 906K |
| Avg. Price | 0.00 | 0.00 | 47.13 | 12.48 | 4.93 | 3.72 | 1.64 | 13.05 | 6.49 | 0.89 | 0.33 | 0.00 | 0.06 |
| Year-End Price | 0.00 | 0.00 | 7.50 | 5.00 | 5.00 | 2.50 | 1.50 | 9.50 | 0.88 | 0.03 | 0.39 | 0.00 | 0.06 |
Mitesco, Inc. passes 0 of 9 quality checks, indicating weak fundamentals.
The Ledger Terminal provides 15 years of financial data for Mitesco, Inc. (MITI), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Mitesco, Inc. (MITI) has a book value per share of $-1.56, based on its most recent annual SEC filing.