NightFood Holdings Inc (PK:NGTF)
Business Focus: Frozen Food Manufacturing
| Sector: Consumer Non-Cyclicals | Industry: Food Processing |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 500 White Plains Road, Suite 520 TARRYTOWN NY 10591 |
| Tel: | N/A |
| Website: | https://ir.nightfood.com |
| IR: | See website |
| Key People | ||
| Sean Folkson Chairman of the Board, President, Chief Executive Officer | ||
| Business Overview |
| Nightfood Holdings, Inc. is engaged in manufacturing and distributing snack products specifically formulated for nighttime snacking to help consumers satisfy nighttime cravings in a healthier and sleep-friendly way. The Company's operations are conducted by its two subsidiaries: Nightfood, Inc. (Nightfood) and MJ Munchies, Inc. (Munchies). Nightfood is in the business of manufacturing, marketing and distributing snacks specially formulated and promoted for evening consumption. Nightfood is formulated with tryptophan, vitamin B6, calcium, magnesium, and zinc, protein and prebiotic fiber. Nightfood ice cream is available in nine flavors, such as Full Moon Vanilla, Midnight Chocolate, Cold Brew Decaf, After Dinner Mint Chip, Milk & Cookie Dough, Cherry Eclipse, Bed and Breakfast, and others. Munchies has built an intellectual property portfolio that includes protection regarding the use of the Half-Baked mark in the State of California relating to certain cannabis-related products. |
| Financial Overview |
| For the six months ended 31 December 2023, NightFood Holdings Inc revenues decreased 90% to $9K. Net loss applicable to common stockholders decreased 79% to $1.9M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Lower net loss reflects Interest expense financing cost decrease of 77% to $804K (expense), Other Non Operating I/E decrease of 60% to $414K (expense). |
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