Nightfood Hldgs Stock Price, News & Analysis

Nightfood Holdings, Inc. (OTCQB: NGTF) is innovating in the night snack category by developing ice cream sandwiches for hotel lobby retail sales. Following its success in the Real California Milk Excelerator program, Nightfood aims to enhance distribution in hotels, where ice cream sales are rising. Currently, 20,000 U.S. hotels sell ice cream, and Nightfood's single-serve items could increase market presence. With more Americans snacking at night, Nightfood's unique formulations target healthier options to improve sleep quality.

Nightfood Holdings (OTCQB: NGTF) reported a remarkable 190% increase in net revenue for the fiscal year ending June 30, 2021, totaling $701,246, compared to $241,673 the previous year. The company exceeded gross sales of $1 million for the first time, reaching $1,117,847. Significant strides include the completion of a hotel pilot test and expansion in over 1,500 supermarkets. Nightfood also strengthened its balance sheet by eliminating debt and enhancing assets by 69%, with total liabilities reduced by 91%.

Nightfood Holdings (NGTF) presents today, October 13, 2021, at 11 AM Eastern during the LD Micro Main Event. The company addresses the $50 billion nighttime snacking market with its sleep-friendly ice cream. Chris Lahiji, founder of LD Micro, highlighted the significance of this event for small-cap investors. Nightfood's ice cream is unique, formulated with ingredients like tryptophan and magnesium to improve sleep quality. It has gained industry interest, with a rollout planned in hotels nationwide. The product has received multiple awards, indicating strong market potential.

Nightfood Holdings, Inc. (OTCQB: NGTF) is sponsoring the Society for Behavioral Sleep Medicine's 3rd Annual Scientific Conference to boost brand awareness among sleep specialists. The company addresses America's $50 billion nighttime snacking issue by offering sleep-friendly snacks. With over 100 million nighttime snacks consumed daily, Nightfood’s products aim to enhance sleep quality. Their sleep-friendly ice cream will soon be distributed in hotels, projecting extensive reach by early 2022. The brand emphasizes nutritional benefits that promote better sleep, positioning itself as a pioneer in the night snack category.

Nightfood Holdings (OTCQB: NGTF) announced a successful retail pilot of its sleep-friendly ice cream in a major hotel chain, leading to a full rollout expected in late 2021 or early 2022. The pilot demonstrated strong sales potential, equating hotel sales to supermarket performance. The company aims to distribute in 7,500 hotels by July 2022, with broader expansions underway through iDEAL Hospitality Partners. Recent financial results showed a 37% increase in ice cream sales to 360,000 pints and a projected 25% boost in gross sales to over $1.1 million for FY 2021. A business update call is scheduled for today at 4:30 PM ET.

Nightfood Holdings, Inc. (OTCQB: NGTF) has appointed Tom Morse, 5-Hour Energy co-founder, to its Board of Directors as part of its strategy to dominate the emerging billion-dollar night snack category. The company recently experienced its highest revenue quarter and year, establishing distribution in over 1,000 Walmart stores and closing a $4.5 million financing round to eliminate corporate debt. Nightfood's innovative products are formulated by experts to promote better sleep, addressing a $50 billion night snack market, where over 85% of adults snack at night.

Nightfood Holdings, Inc. (OTCQB: NGTF) launches its first video ad campaign on connected and over-the-top TV to target the $50 billion nighttime snack market. The campaign promotes their sleep-friendly ice cream, now available in nearly 2,000 supermarkets, including Walmart and Kroger. By targeting consumers already shopping at these stores, the campaign aims to maximize reach during evening hours, capitalizing on the 80% of Americans who snack at night. Nightfood's unique formulation focuses on relaxation-supporting ingredients, setting it apart from traditional ice creams.