Nightfood Holdings, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended March 31, 2023
May 22, 2023 at 05:22 pm
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Nightfood Holdings, Inc. reported earnings results for the third quarter and nine months ended March 31, 2023. For the third quarter, the company reported sales was USD 0.010605 million compared to USD 0.127173 million a year ago. Net income was USD 0.985893 million compared to net loss of USD 0.433768 million a year ago. Basic earnings per share from continuing operations was USD 0.03.
For the nine months, sales was USD 0.103944 million compared to USD 0.321 million a year ago. Net loss was USD 4.78 million compared to USD 2.05 million a year ago. Basic loss per share from continuing operations was USD 0.06 compared to USD 0.03 a year ago.
Nightfood Holdings, Inc. is a holding company focused on identifying and exploiting market trends within the hospitality, food services, and consumer goods sectors. The Company's operations are conducted by its two subsidiaries: Nightfood, Inc. (Nightfood) and Future Hospitality Ventures Holdings, Inc. (Future Hospitality). Nightfood is a nighttime snack company, which is engaged in the business of manufacturing, marketing and distributing snacks specially formulated and promoted for evening consumption. The Nightfood brand includes sleep-friendly versions of the nighttime snack formats. In addition to ice cream pints, its products include cookies, chips, ice cream sandwiches, candy, and nutrition bars. It is focused on offering two flavors in ice cream, Midnight Chocolate and Cookies n' Dreams. Future Hospitality is a provider of robotics and automation solutions to the hospitality and food service industries. It provides artificial intelligence (AI) enabled robotic solutions.