A Business at a Glance
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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 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | 53K | - | 0 | 0 | - | 0 |
| Net Income | -4.1M | -2.5M | -13M | -23M | -11M | -2.9M |
| EPS | $-0.73 | $-0.42 | $-2.91 | $-5.29 | $-2.77 | $-1.50 |
| Free Cash Flow | 0 | -514K | -760K | -5.2M | -5.0M | -1.5M |
| ROIC | -1002.3% | -484.2% | -72003.8% | -131.5% | -47.4% | -250.7% |
| Gross Margin | - | - | - | - | - | - |
| Debt/Equity | 0.00 | -0.04 | -0.10 | -0.29 | 0.00 | -0.05 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | -2.1M | -1.2M | -2.6M | -4.3M | -6.4M | -2.5M |
| Operating Margin | -3973.7% | - | - | - | - | - |
| ROE | 0.0% | - | - | - | -999.8% | - |
| Shares Outstanding | 15M | 6M | 10M | 4M | 4M | 4M |
Mitesco, Inc. passes 0 of 9 quality checks, indicating weak fundamentals.
Mitesco, Inc. (MITI) has a 5-year average return on invested capital (ROIC) of -89.5%. This is below average and may indicate limited pricing power.
Mitesco, Inc. (MITI) has a market capitalization of $2M. 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 $-514 thousand in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
Mitesco, Inc. (MITI) reported earnings per share (EPS) of $-0.42 in its most recent fiscal year.
The Ledger Terminal provides 14 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 $-4.42, based on its most recent annual SEC filing.