Maui Land & Pineapple posts $3.7M net loss for 9 months; revenues down $11.9M

MAUI LAND & PINEAPPLE CO INC

2024-Q3 EPS reported -$0.19 revenue$6,872,000

Net loss of $3.7M ($0.19/share) vs net income of $9.8M ($0.50) in prior-year period.
Total operating revenues fell $11.9M to $6.9M, driven by no land sales vs $11.6M a year ago.
Operating costs rose $2.1M to $10.8M, including $1.5M in one-time leadership transition expenses.
Lease revenue decreased due to Maui wildfire impacts; most tenants have reopened.
Adjusted EBITDA was ($149,000); cash and equivalents fell $1.6M to $9.9M.

item 2.02 item 9.01

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 nine months ended September 30, 2023 results: revenue $6,872,000, net income Net loss was $3,673,000, EPS $0.19 per common share.

Period: the nine months ended September 30, 2023
Revenue: $6,872,000
Net income: Net loss was $3,673,000
EPS: $0.19 per common share
Result: reported results

Exact text from the filing

of the Maui wildfires impact on the local economy. Including land sales, for the nine months ended September 30, 2023, the total operating revenues decreased by $11,915,000 to $6,872,000 compared to the same period last year as a direct result of two land sales closed in the prior year in the amount of $11,600,000. ● Costs and expenses – Operating costs and

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Source: SEC EDGAR

accession 0001437749-23-031672

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