Nightfood Holdings, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended March 31, 2023
May 22, 2023 at 05:22 pm EDT
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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 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.
NIGHTFOOD HOLDINGS, INC. 
