Nightfood Hldgs Stock Price, News & Analysis

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.

Nightfood Holdings, Inc. (OTCQB: NGTF) has appointed Nisa Amoils and Dr. Thanuja Hamilton to its Board of Directors, enhancing its governance and strategic direction in the sleep-friendly food market. Amoils brings extensive media and capital markets expertise, while Dr. Hamilton offers clinical insights into the importance of diet for sleep quality. The company aims to leverage their expertise to expand its innovative product line and strengthen its commitment to improving nighttime snacks, potentially boosting shareholder value.

Nightfood, Inc. (OTCQB: NGTF) has witnessed remarkable growth in early 2021, highlighted by a launch in over 1,000 Walmart stores, which more than doubled its retail presence. The company reported a 19% increase in year-to-date net revenue and significantly reduced operating expenses by 24%. Successful capital raises totaling over $4.5 million led to the elimination of approximately $4 million in debt. Notably, Nightfood achieved over $1 million in gross fiscal year sales for the first time. With a focus on sleep-friendly snacks, Nightfood is well-positioned to become a leader in nighttime nutrition.

Nightfood, Inc. (OTCQB: NGTF) announced its fiscal Q3 2021 results, reporting a 19% increase in net revenue year-over-year to $270,919, despite a 3% decline in gross product sales. Significant milestones include launching Nightfood ice cream in over 1,000 Walmart locations and initiating a pilot test in hotel grab-and-go shops. The company reduced total operating expenses by 24% and operating losses by 29%. Following a $4.5 million financing round, management highlighted a strengthened balance sheet and expects strong growth through 2021.

Nightfood, Inc. (OTCQB: NGTF) is launching an education program for expecting mothers through OB/GYN offices, leveraging its recent distribution in over 1,000 Walmart stores. The initiative aims to promote its ice cream, recommended by the American Pregnancy Association for its nutritional benefits. The campaign will distribute 100,000 brochures in selected markets like Chicago and Houston, allowing pregnant women to access two free pints via a QR code. With a market focused on nighttime snacking, Nightfood is positioned to capitalize on a significant demand while enhancing brand awareness.

Nightfood, Inc. (OTCQB: NGTF) is engaging in the better-for-you snack market, focusing on nighttime consumption. CEO Sean Folkson will participate as a panelist at the Healthspan Show 2021, scheduled for May 10-14, discussing the intersection of food, nutrition, and sleep. The company recently expanded its ice cream distribution to over 1,000 Walmart stores. Management sees substantial growth potential as the sleep-nutrition connection gains traction, supported by the interest of major food companies like Pepsi and Unilever in this market niche.