Kona Grill Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2017; reports asset impairment charges for the quarter ended December 31, 2017
For the year, the company reported revenue of USD 179,081,000 compared to USD 169,523,000 a year ago. Loss from operations was USD 21,086,000 compared to USD 20,992,000 a year ago. Loss before income tax was USD 23,342,000 compared to USD 21,563,000 a year ago. Net loss was USD 23,432,000 or USD 2.32 per basic and diluted share compared to USD 21,629,000 or USD 2.00 per diluted share a year ago. LBITDA was USD 6,375,000 against USD 6,571,000 a year ago. Adjusted EBITDA was USD 4,830,000 compared to USD 5,883,000 a year ago. Restaurant operating profit was USD 19,099,000 compared to USD 23,688,000 a year ago. Same-store sales decreased 5.9%, including an estimated 0.4% impact from Hurricanes Harvey, Irma and Maria.
For the quarter, the company reported asset impairment charge of USD 9,311,000 or USD 0.92 per share compared to USD 12,454 or USD 1.19 per share a year ago.