Maui Land & Pineapple Q1 net loss widens to $1.36M on $900k transition costs

MAUI LAND & PINEAPPLE CO INC

Revenue rose 2% YoY to $2.298M; net loss of $1.364M ($0.07/sh) vs $0.618M loss ($0.03/sh) in Q1 2022.
Costs and expenses of $3.668M included $900k one-time leadership transition charges.
Cash on hand grew $154k to $8.653M year-over-year.
Race Randle appointed CEO and Scot Sellers chair effective April 1, 2023.
State of Hawaii approved 2:1 matching funds totaling $2.08M for Pu'u Kukui Watershed Preserve through 2030.

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