Nightfood Holdings, Inc. Reports Earnings Results for the Third Quarter Ended March 31, 2021
May 18, 2021 at 03:53 pm IST
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NightFood Holdings, Inc. announced earnings results for the third quarter ended March 31, 2021. For the third quarter, the company announced sales was USD 96,726 compared to USD 119,475 a year ago. Operating loss was USD 391,240 compared to USD 867,427 a year ago. Net loss was USD 1.939 million compared to USD 1.091 million a year ago. Basic loss per share from continuing operations was USD 0.02 compared to USD 0.02 a year ago. For the nine months, sales was USD 270,919 compared to USD 227,257 a year ago. Operating loss was USD 1.389 million compared to USD 1.960 million a year ago. Net loss was USD 3.453 million compared to USD 2.742 million a year ago. Basic loss per share from continuing operations was USD 0.05 compared to USD 0.05 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.