Financial Performance - For the 13 weeks ended September 30, 2023, gross margin was 61.1%, compared to 60.3% for the same period in 2022[103]. - Revenue for the 13 weeks ended September 30, 2023, decreased by 6.7% to $3,389,183 compared to $3,633,467 for the same period in 2022, with subscription box revenue down 15.4%[129]. - Total revenue for the 39 weeks ended September 30, 2023, decreased by 7.4% to $10,867,580 compared to $11,734,132 for the same period in 2022[129]. - Adjusted EBITDA for the 13 weeks ended September 30, 2023, was a loss of $1,610,788, compared to a loss of $2,104,795 for the same period in 2022[109]. - The net loss for the 13 weeks ended September 30, 2023, was $1,925,951, compared to a net loss of $2,438,330 for the same period in 2022[109]. - Gross profit for the 13 weeks ended September 30, 2023, was $2,071,499, a decrease from $2,191,209 for the same period in 2022, primarily due to a decline in subscription box sales[135]. - Loss from operations decreased from $2,416,445 for the 13 weeks ended October 1, 2022, to $1,903,834 for the 13 weeks ended September 30, 2023[141]. - Net cash used in operating activities decreased to $461,162 for the 39 weeks ended September 30, 2023, compared to $7,040,580 for the same period in 2022, a reduction of approximately $6.6 million[156]. Shipping and Sales Metrics - Shipped items decreased to 292,000 for the 13 weeks ended September 30, 2023, down from 358,000 in the same period of 2022[111]. - Average shipment keep rate improved to 82.6% for the 13 weeks ended September 30, 2023, compared to 68.5% for the same period in 2022[112]. - The number of items shipped decreased by 18.3% from approximately 358,000 for the 13 weeks ended October 1, 2022, to approximately 292,000 for the 13 weeks ended September 30, 2023[130]. - Online website sales increased by 58.3% to $469,717 for the 13 weeks ended September 30, 2023, compared to $296,702 for the same period in 2022[129]. - Revenue from new subscriptions decreased by 20.0% to $456,392 for the 13 weeks ended September 30, 2023, compared to $570,718 for the same period in 2022[130]. - Subscription box revenue for the 39 weeks ended September 30, 2023, decreased by 14.1% to $8,006,725 compared to $9,326,331 for the same period in 2022[130]. Cost and Expenses - Cost of goods sold for the 13 weeks ended September 30, 2023, decreased by 8.6% to $1,317,684 compared to $1,442,258 for the same period in 2022[133]. - Total operating expenses for the 13 weeks ended September 30, 2023, decreased by $632,321 or 13.7% to $3,975,333, compared to $4,607,654 for the same period in 2022[139]. - The cost of goods sold for the 39 weeks ended September 30, 2023, decreased by 7.3% to $4,309,473 compared to $4,649,552 for the same period in 2022[133]. Cash Flow and Financial Position - Cash and restricted cash decreased to $60,305 as of September 30, 2023, from $605,213 as of December 31, 2022, representing a decline of 90.0%[148]. - Working capital decreased by $3,720,213 or 45.0% to $4,553,388 as of September 30, 2023, compared to $8,273,601 as of December 31, 2022[148]. - Net cash used in financing activities decreased to $6,447 for the 39 weeks ended September 30, 2023, compared to $1,115,847 for the same period in 2022[158]. Strategic Initiatives and Market Conditions - The company introduced an "add-on" option for active members to increase average box transaction size and gross margin[99]. - The company expanded its product offerings to include larger sizes for boys and girls, as well as toddler sizes, enhancing its market reach[97]. - The company is focusing on increasing new member growth through new advertising channels and affiliate partnerships[100]. - The overall economic environment, including high inflation and interest rates, poses risks to consumer spending and company performance[113]. - The company has made significant investments in brand marketing to enhance brand awareness and customer acquisition since 2016[114]. - The Company expects to continue generating net losses for the foreseeable future, indicating a need for new financing to sustain operations[163]. - The Company plans to significantly reduce purchases of new inventory to manage operating cash flows in the near term[163]. - The Company may pursue strategic alternatives, including business combinations or asset liquidations, but there is no definitive timetable for this process[164]. Debt and Compliance - A Debt Conversion agreement was entered into on September 18, 2023, converting $1,200,000 of principal owed into 1,553,800 shares of restricted common stock[161]. - As of September 30, 2023, there was $1,709,708 due to a related party, an increase from $1,107,665 as of December 31, 2022[162]. - The company intends to monitor its stock price and may consider a reverse stock split to regain compliance with Nasdaq's minimum bid price requirement[155]. Accounting and Reporting - The Company has implemented all new accounting pronouncements that may impact its financial statements[169]. - There were no material changes to the Company's critical accounting policies during the 39 weeks ended September 30, 2023[167].

Company Participants Operator It is now my pleasure to introduce your host, Ezra Dabah. Thank you, Ezra. You may begin. Thank you, operator, and thank you, everyone, for joining us today. We are pleased to welcome everyone to today's call where we will review Q2 2023 and provide an update on Kidpik's business. We will begin with a review of our financial business highlights, followed by a financial review, which, Jill, our Chief Accounting Officer, will take us through. In our continued commitment to value ...

Kidpik Corp. (NASDAQ:PIK) Q1 2023 Earnings Call Transcript May 16, 2023 4:30 PM ET Ezra Dabah - Chairman, President and Chief Executive Officer Adir Katzav - Executive Vice President and Chief Financial Officer Edward Reilly - EF Hutton Operator I would now turn the conference over to your host, Ezra Dabah. You may begin. Ezra Dabah I'd like to start by sharing that we have continued executing our plan to reduce inventory and generate cash flow. We have substantially reduced purchases of new inventory and a ...

kidpik INVESTOR PRESENTATION May 2023 NASDAQ: PIK Past performance information given in this document is given for illustrative purposes only and should not be relied upon as (and is not) an indication of future performance. This presentation is not and does not purport to be an appraisal of the assets, stock, or business referenced herein. In this document, we may rely on and refer to information regarding our industry and the market for our products and services in general from market research reports, an ...

Kidpik Corp. (NASDAQ:PIK) Q4 2022 Earnings Call Transcript April 3, 2023 4:30 PM ET Company Participants Ezra Dabah - Chairman, President and Chief Executive Officer Adir Katzav - Executive Vice President and Chief Financial Officer Conference Call Participants Edward Reilly - EF Hutton Operator Good day. And welcome to the Kidpik Corporation Fourth Quarter and Fiscal Year 2022 Financial Results Conference Call. [Operator Instructions] Please note this event is being recorded. I would now like to turn the c ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-41032 Kidpik Corp. (Exact name of Registrant as specified in its charter) (State or other jurisdiction of incorporation or organizat ...

Kidpik Corp. (NASDAQ:PIK) Q3 2022 Earnings Conference Call November 15, 2022 4:30 PM ET Company Participants Ezra Dabah - Chief Executive Officer Adir Katzav - Chief Financial Officer Conference Call Participants Edward Reilly - EF Hutton Operator Hello and welcome to the Kidpik Third Quarter 2022 Financial Results Conference Call. [Operator Instructions] Please note this event is being recorded. I would now like to turn the conference over to Ezra Dabah. Please go ahead. Ezra Dabah Thank you, operator. We ...

Kidpik Corp. (NASDAQ:PIK) Q2 2022 Results Conference Call August 16, 2022 4:30 PM ET Company Participants Ezra Dabah - Chairman, President and Chief Executive Officer Adir Katzav - Executive Vice President and Chief Financial Officer Moshe Dabah - Chief Technology Officer and Chief Operating Officer Conference Call Participants Edward Reilly - EF Hutton Operator Good afternoon and welcome to the Kidpik Second Quarter 2022 Earnings Conference Call. All participants will be in listen-only mode. [Operator Inst ...

Kidpik Corp. (NASDAQ:PIK) Q1 2022 Earnings Conference Call May 16, 2022 4:30 PM ET Company Participants Ezra Dabah - Chairman, President and Chief Executive Officer Adir Katzav - Executive Vice President and Chief Financial Officer Conference Call Participants Operator Good morning, afternoon, evening and welcome to the Kidpik First Quarter 2022 Financial Results Conference Call. All participants will be in listen-only mode. [Operator Instructions] Please note, this event is being recorded. I would now like ...

Kidpik Corp. (NASDAQ:PIK) Q4 2021 Earnings Conference Call March 31, 2022 4:30 PM ET Company Participants Ezra Dabah – Chairman, President and Chief Executive Officer Adir Katzav – Executive Vice President and Chief Financial Officer Moshe Dabah – Vice President, Chief Operating Officer, Chief Technology Officer and Secretary Conference Call Participants Eddie Reilly – EF Hutton Susan Anderson – B. Riley Operator Ladies and gentlemen, thank you for standing by and welcome to Kidpik Corp full year and fourth ...