earnings
confidence high
sentiment neutral
materiality 0.75
MLP posts FY2021 net loss of $3.4M; revenue up 65%; two property sales pending for $49.7M total
MAUI LAND & PINEAPPLE CO INC
- Net loss for year widened to $(3.4)M ($(0.18)/share) from $(2.6)M ($(0.14)/share) in 2020.
- Operating revenue rose 65% to $12.4M, driven by real estate, leasing, and resort segments.
- Q4 net loss increased to $(4.2)M ($(0.22)/share) from $(0.7)M ($(0.04)/share) in prior year.
- Pension lift-out completed for 51% of participants, costing $10.4M; non-cash charge of $4.3M.
- Two property sales pending: Kapalua Central (46 acres, $40M) and Omaopio (646 acres, $9.7M).