Nightfood Holdings, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended December 31, 2022
February 21, 2023 at 05:17 pm EST
Share
Nightfood Holdings, Inc. reported earnings results for the second quarter and six months ended December 31, 2022. For the second quarter, the company reported sales was USD 0.013369 million compared to USD 0.079374 million a year ago. Net loss was USD 4.56 million compared to USD 0.780919 million a year ago. Basic loss per share from continuing operations was USD 0.08 compared to USD 0.01 a year ago.
For the six months, sales was USD 0.093339 million compared to USD 0.193827 million a year ago. Net loss was USD 5.76 million compared to USD 1.61 million a year ago. Basic loss per share from continuing operations was USD 0.1 compared to USD 0.02 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.