Royal Hawaiian Orchards, L.P. announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2013. For the quarter, the company reported total revenue of $6,912,000 against $9,586,000 a year ago. Operating loss was $468,000 against operating income of $199,000 a year ago. Loss before income taxes was $650,000 against income before tax of $58,000 a year ago. Net loss was $674,000 against net income of $10,000 a year ago. Net loss per Class A unit was $0.09. The net loss in the fourth quarter 2013 was mainly attributable to 17.8% or 2.4 million fewer WIS pounds produced in the fourth quarter 2013 and the higher cost per WIS pound, compared to the same period in 2012.

For the year, the company reported total revenue of $13,853,000 against $20,107,000 a year ago. Operating loss was $3,180,000 against operating income of $46,000 a year ago. Loss before income taxes was $3,625,000 against $373,000 a year ago. Net loss was $3,670,000 against $499,000 a year ago. Net income per Class A unit was $0.49 against $0.07 a year ago. The loss in 2013 was attributable to the poor crop, which was the second lowest harvest in the past 20 years, resulting in a 21% decrease, or 5.8 million fewer wet-in-shell pounds than in 2012; reduction of sales of WIS pounds sold by the Partnership in order to build inventory for branded product sales in 2014; and the increase in selling, general and administrative costs of the company's branded product segment as the company seek to invest in that segment and grow revenues.