M&A
confidence high
sentiment negative
materiality 0.75
SWC Group FY2024 net loss $557K, cash $19K, going concern noted in acquisition financials
NightFood Holdings, Inc.
- Revenue $1.78M, down 25% from $2.39M in FY2023.
- Net loss $556,730; accumulated deficit $9.76M; working capital deficit $2.97M.
- Cash $19,439; net cash used in operations $416,395.
- Related-party debt forgiveness of $7.76M credited to APIC; auditor notes substantial doubt about going concern.
- Audited financials filed as Amendment 3 to Form 8-K for NightFood Holdings acquisition of SWC Group.