Maui Land & Pineapple Q3 net loss narrows to $124K; 9-month net income jumps to $9.8M

MAUI LAND & PINEAPPLE CO INC

Q3 2022 net loss of $124K ($0.01/share) vs loss of $139K ($0.01/share) a year earlier.
Q3 operating revenues $2.6M, up from $2.4M in Q3 2021.
9-month 2022 net income $9.8M ($0.50/share) vs $0.8M ($0.04/share) in 9-month 2021.
9-month operating revenues $18.8M, nearly double the $9.4M in the prior-year period.
Voluntary $5.7M contribution made in August 2022 to fund defined benefit pension plan.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

MAUI LAND & PINEAPPLE CO INC reported the three and nine months ended September 30, 2022 results: revenue approximately $2.6 million, net income net loss of $124,000, EPS $0.01 per share.

Period: the three and nine months ended September 30, 2022
Revenue: approximately $2.6 million
Net income: net loss of $124,000
EPS: $0.01 per share
Result: reported results

Exact text from the filing

Maui Land & Pineapple Company, Inc. (NYSE: MLP) (the “Company”) reported a net loss of $124,000, or $0.01 per share, for the third quarter of 2022, compared to a net loss of $139,000, or $0.01 per share, for the third quarter of 2021. Total operating revenues of approximately $2.6 million and $2.4 million were recognized during the three months ended September 30, 2022 and 2021, respectively.

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Source: SEC EDGAR

accession 0001437749-22-025538

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