nightculture inc (NGHT) Key Developments
Night Culture, Inc. Announces Earnings Results for the First Quarter Ended March 31, 2014
May 14 14
Night Culture, Inc. announced earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported operating results including a 24.4% increase in revenues to $1,264,685 compared to $1,016,986 during the same period in 2013. The company reported an operating loss of $197,136 compared to a profit from operations of $94,000 in first quarter of 2013 reporting period. The operating loss for the current quarter includes $76,921 of non-cash non-recurring charges. The company reported a net loss of $897,936 or $0.02 per share, compared to a net profit of $683,696 or $0.01 per share in first quarter of 2013. The loss in first quarter of 2014 includes a loss on change in fair value of derivative liability of $621,026 while the net income for first quarter of 2013 included a gain on change in fair value of derivative liability of $654,727.
Night Culture, Inc. Reports Earnings Results for the Year Ended December 31, 2013
Mar 31 14
Night Culture, Inc. reported earnings results for the year ended December 31, 2013. The company reported operating results for the year, including a 44.8% increase in revenues to a record $5,653,776 in 2013 compared to $3,892,383 in 2012. Operating profit was $167,420 compared to a loss from operations of $861,576 a year ago. Net income was $3,000,862 or $0.06 per share, compared to a net loss of $1,629,148 or $0.03 per share in the 2012 period.
Night Culture, Inc. Auditor Raises 'Going Concern' Doubt
Mar 31 14
Night Culture, Inc. filed its 10-K on Mar 31, 2014 for the period ending Dec 31, 2013. In this report its auditor, Malone & Bailey, PLLC, gave an unqualified opinion expressing doubt that the company can continue as a going concern.
NightCulture Inc. Announces Production Results for the Year 2013
Jan 17 14
NightCulture Inc. announced production results for the year 2013. The company reported that it produced a record 170 events and festivals in 2013 up from 160 in 2012, a 7.5% increase.
NightCulture Inc. Reports Earnings Results for the Nine Months Ended September 30, 2013
Dec 16 13
NightCulture Inc. reported earnings results for the nine months ended September 30, 2013. The company reported a 71.96% increase in revenues to a record $3,441,842 for the 2013 nine months compared to $2,001,438 in the first nine months of 2012. The company reported an operating loss of $5,270, compared to a loss from operations of $151,473 in the 2012 reporting period, and net income of $2,614,691 or $0.05 per share, compared to a net loss of $6,841,944 or $0.14 per share in the 2012 period.