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Kona Reports, Earnings, Narrowed Loss and New Products (NASDAQ:KONA)

|Includes: Kona Grill, Inc. (KONA)

Yesterday at the market close, Kona Grill symbol: KONA announced its first quarter results.  The company beat expectations and by 5 cents, reporting a loss of $.10 per diluted share.  KONA lost $907,000 this quarter.  Guidance for the fourth quarter is a loss of $.01 to $.06 cents loss per share, ranging from a $21.7 to $22.7 million loss.

The company has attributed the narrowing loss to their new promotions including their new drink offerings, and get skinny menu.  The karnivore online membership program is also tracking well; bringing customers back through the restaurant doors.

Kona Grill Locations that have been open for 2 years

Currently the company is trading at 5.10 down .11 or 2.11% at a volume of 14k

Kona Grill is also featured in our Nano Cap Index

For more info on the company written by World market media Click here