NightFood Holdings, Inc. (NGTF) Jun 2024 Earnings Report
Nightfood Holdings Inc. (NGTF): Investment Report
Overview
Nightfood Holdings Inc. (NGTF) is a sleep-friendly snack food company that has been gaining traction with its unique approach to nighttime snacking. With a focus on science-backed, healthier options, NGTF is poised to capitalize on the growing demand for better-for-you foods. As the company continues to expand its product offerings and distribution channels, investors should take notice of this emerging player in the packaged foods industry. In this report, we will delve into NGTF's financial performance, growth prospects, and recent news to provide a comprehensive overview of this exciting opportunity.
Core Metrics
- Current price: $0.0164 USD
- 52-week high: $0.0425
- 52-week low: $0.0075
- Market Cap: $2.09 million
- P/E Ratio: N/A
- Earnings per Share: -$0.03
- 50-day average: $0.0153424
- 200-day average: $0.01876165
- Analyst Recommendations: None
Financial Performance
NGTF's financial performance has been marked by revenue decline and significant cash burn. The company's revenue growth rate stands at -0.873, and its gross margins are -1.86205. The company has also reported a significant operating cash flow deficit of -$666,714 and a free cash flow deficit of -$531,999. However, the company's total cash balance stands at $186,072, providing some breathing room for the company to address its financial challenges.
Growth Prospects
Despite the company's financial challenges, NGTF's growth prospects remain promising. The company's recent acquisition of Future Hospitality Ventures Holdings is expected to drive growth and expand its product offerings. Additionally, the company's partnership with IBN to support communications initiatives and increase brand awareness is likely to drive sales and revenue growth.
News and Updates
Recent news articles have highlighted NGTF's unique approach to nighttime snacking and its efforts to address America's nighttime snacking problem. The company's recent acquisition and partnership with IBN have also gained significant attention from investors and industry observers.
Upgrades and Downgrades
There have been no recent upgrades or downgrades from analysts on NGTF. However, the lack of analyst coverage presents an opportunity for investors to get in early on this emerging growth story.
Summary
In summary, Nightfood Holdings Inc. (NGTF) is a sleep-friendly snack food company with significant growth potential. While the company's financial performance has been challenging, its recent acquisition and partnership with IBN are expected to drive growth and revenue expansion. With a unique approach to nighttime snacking and a growing demand for better-for-you foods, NGTF presents an attractive opportunity for investors looking to get in on the ground floor of an emerging growth story.
Disclosures
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