NightFood Holdings, Inc. SEC 10-Q Report

NightFood Holdings, Inc., a company operating in the Robotics-as-a-Service (RaaS) and Hospitality Asset Ownership sectors, has released its Form 10-Q report for the first quarter of 2025. The report reveals significant financial challenges and outlines strategic business initiatives aimed at future growth and operational efficiency.

Financial Highlights

Revenues, net of slotting and promotion: The company reported revenues of $(16,506) for the three months ended March 31, 2025, a significant decrease compared to $1,352 in the same period in 2024. This indicates substantial challenges in sales performance.

Net loss: NightFood Holdings, Inc. experienced a net loss of $(2,541,552) for the three months ended March 31, 2025, compared to $(853,248) in the same period in 2024, highlighting increased losses.

Net loss available to common stockholders: The net loss available to common stockholders was $(2,541,552) for the three months ended March 31, 2025, compared to $(804,838) in the same period in 2024, showing a deterioration in financial performance.

Loss per share - basic and diluted: The loss per share was $(0.02) for the three months ended March 31, 2025, compared to $(0.01) in the same period in 2024, indicating a decline in earnings per share.

Business Highlights

Business Segments: NightFood Holdings, Inc. operates in two principal business segments: Robotics-as-a-Service (RaaS) and Hospitality Asset Ownership. The RaaS segment focuses on developing automation solutions to improve efficiency in food service and hospitality environments. The Hospitality Asset Ownership segment involves acquiring, owning, and operating hotel properties, which may also serve as deployment sites for the company's automation technologies.

Legacy Operations: The company maintains nominal operations related to the legacy sale of snacks and beverages, which are not expected to contribute materially to future revenues.

Future Outlook: NightFood Holdings, Inc. plans to expand into new and existing markets, obtain additional debt and/or equity-based financing for growth, collaborate with other operating businesses for strategic opportunities, and acquire other businesses to enhance or complement its current business model while accelerating growth.

Use of AI and Robotics: The company is focused on integrating AI-powered service robotics into its operations, particularly in the hospitality sector, to improve operational efficiencies and reduce labor demands.

Acquisitions: The company completed the acquisitions of SWC Group, Inc. and Skytech Automated Solutions, Inc. on March 31, 2025, which are expected to enhance its operational capabilities and expand its market presence.

Strategic Initiatives: Management's strategic plans include leveraging acquired assets to deploy automation technologies and evaluate operational efficiencies, as well as exploring collaborations and acquisitions to accelerate growth.

SEC Filing: NightFood Holdings, Inc. [ NGTF ] - 10-Q - Jun. 27, 2025