Kona Grill Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2017. For the quarter, the company reported revenue of USD 42,489,000 compared to USD 43,592,000 a year ago. Loss from operations was USD 11,820,000 compared to USD 16,265,000 a year ago. Loss before income tax was USD 12,390,000 compared to USD 16,573,000 a year ago. Net loss was USD 12,409,000 or USD 1.23 per basic and diluted share compared to USD 16,583,000 or USD 1.58 per basic and diluted share a year ago. LBITDA was USD 7,914,000 against USD 12,182,000 a year ago. Adjusted EBITDA was USD 1,397,000 compared to USD 272,000 a year ago. Restaurant operating profit was USD 4,843,000 compared to USD 4,654,000 a year ago. Same-store sales decreased 6.5%, including an estimated 0.5% impact from the temporary closure of its Puerto Rico restaurant as a result of Hurricane Maria.

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.