Kona Grill, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2018. For the quarter, the company reported revenue of $42,017,000 compared to $45,225,000 a year ago. Loss from operations was $1,847,000 compared to $3,042,000 a year ago. Loss before income taxes was $2,488,000 compared to $3,348,000 a year ago. Net loss was $2,460,000 or $0.24 per basic and diluted share compared to $3,373,000 or $0.33 per basic and diluted share a year ago. EBITDA was $1,478,000 compared to $616,000 a year ago. Adjusted EBITDA was $1,515,000 compared to $616,000 a year ago. Restaurant operating profit, a non-GAAP measure, improved to $5.0 million or 11.9% as a percentage of revenues compared to $4.6 million or 10.1% as a percentage of revenues.

For the year, the company expected capital expenditures to be less than $2 million.