Nightfood Holdings, Inc. Reports Earnings Results for the Full Year Ended June 30, 2020
October 13, 2020 at 04:24 pm EDT
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NightFood Holdings, Inc. announced earnings results for the full year ended June 30, 2020. For the full year, the company announced sales was USD 241,673 compared to USD 352,172 a year ago. Operating loss was USD 2.723 million compared to USD 1.911 million a year ago. Net loss was USD 4.412 million compared to USD 4.598 million a year ago. Basic loss per share from continuing operations was USD 0.08 compared to USD 0.09 a year ago.
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.