Maui Land & Pineapple reports Q1 2024 revenue up 8%, net loss of $1.375M

MAUI LAND & PINEAPPLE CO INC

Operating revenues $2.483M, up $185K (8%) YoY; leasing revenue $2.216M.
Net loss $1.375M ($0.07 per share) vs $1.364M loss YoY; includes $1.209M non-cash expenses.
Adjusted EBITDA (non-GAAP) of negative $197K, including $108K CEO severance.
Cash and investments $8.553M, down $282K from Dec 2023 due to reinvestment.
Appointed Jonathan Grobe as VP of Real Estate effective Apr 1; Annual meeting May 15.

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 the three months ended March 31, 2024 results: revenue $2,483,000, net income $1,375,000, EPS $0.07 per common share.

Period: the three months ended March 31, 2024
Revenue: $2,483,000
Net income: $1,375,000
EPS: $0.07 per common share
Result: reported results

Exact text from the filing

new partnerships to accelerate the utilization of entitled parcels and have begun listing non-strategic assets for sale.” ● Operating Revenues – Operating revenues totaled $2,483,000 for the three months ended March 31, 2024, an increase of $185,000 compared to the three months ended March 31, 2023. Leasing revenues of $2,216,000 for the three months ended

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Source: SEC EDGAR

accession 0001437749-24-016277

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