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Nightfood Achieves $10 Million in Annualized Revenue, Strengthens Position for Uplisting
Globenewswire· 2025-10-17 12:30
Core Insights - Nightfood Holdings, Inc. (OTCQB: NGTF) is generating approximately $10 million in annualized revenue through its diversified portfolio of income-producing robotics and hospitality assets [1][2][3] Business Model and Growth Strategy - The company has evolved into a high-growth, revenue-generating enterprise by integrating hotel acquisitions with its expanding Robotics-as-a-Service (RaaS) platform, creating a scalable foundation for sustained growth [2][3] - TechForce Robotics, the AI and Robotics subsidiary of NGTF, is central to the company's growth, integrating advanced automation into owned hotels to drive efficiency, cost reductions, and enhanced guest satisfaction [3][6] Market Position and Future Plans - NGTF is preparing for a planned uplisting to a national exchange, reflecting operational maturity and sustained growth momentum, supported by recurring revenue streams from hotels and high-margin AI-driven robotics initiatives [4][6] - The global service robotics market is projected to exceed $170 billion by 2030, positioning NGTF to capitalize on this growth through its integrated business model [6]
Nightfood Holdings Appoints Proven Operators to Accelerate Public Company Growth and Hospitality Innovation
Globenewswire· 2025-05-01 12:30
Core Insights - Nightfood Holdings, Inc. has appointed Jimmy Chan as CEO and Ried Floco as President, marking a significant leadership transition aimed at driving the company's expansion in AI-driven hospitality automation and real estate-backed hotel operations [1][2] Leadership Experience - Jimmy Chan brings over 20 years of experience in capital markets and entrepreneurship, having founded CarryOutSupplies.com, a major provider of custom-printed foodservice packaging in North America. His expertise includes operational optimization, vertical integration, and supply chain innovation, which will support Nightfood's corporate development and capital markets strategy [3] - Ried Floco has over three decades of executive leadership in the hospitality sector, managing over 200 hotel properties with asset valuations exceeding $3 billion. He will focus on deploying Nightfood's Robotics-as-a-Service (RaaS) platform and leading hotel asset acquisition strategies [4] Strategic Focus - The leadership changes are expected to enhance shareholder value and promote disciplined growth through the combined expertise of Chan and Floco in scaling businesses and leveraging automation [2][6] - Sonny Wang, the former CEO, will now serve as Chief Revenue Officer, concentrating on maximizing revenue across AI robotics, hotel operations, and hospitality supply chain [5] Company Vision - Nightfood is positioned to lead the $170+ billion global service robotics market by integrating AI-powered service robotics with a strategic real estate-focused hotel acquisition model. This dual focus aims to reduce labor costs, improve guest experiences, and drive operational efficiency [7]