Maui Land & Pineapple FY2023 net loss $3.1M; revenue down $10M on lower land sales

MAUI LAND & PINEAPPLE CO INC

Net loss ($3.08M) or ($0.15)/share vs net income $1.79M ($0.09) in 2022.
Operating revenue fell $10.0M to $? (land sales dropped from $11.6M to $1.6M).
Wildfires caused ~$700K revenue loss; one-time leadership transition costs $1.37M.
Adjusted EBITDA (non-GAAP) ($529K); cash & equivalents $8.84M, down $2.66M.
Company entered 2024 debt-free; Annual Meeting set for May 15, 2024.

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 0.9

MAUI LAND & PINEAPPLE CO INC reported financial results for the year ended December 31, 2023.

Period: the year ended December 31, 2023
Result: reported results

Exact text from the filing

On March 28, 2024, the Company issued a press release, which sets forth the results of its operations for the year ended December 31, 2023.

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MAUI LAND & PINEAPPLE CO INC filing history →

Source: SEC EDGAR

accession 0001437749-24-009840

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