secwatch.observer — SEC 8-K summary
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Issuer:     MAUI LAND & PINEAPPLE CO INC (MLP)
CIK:        0000063330
Form:       8-K
Filed at:   2024-08-19T23:59:59+00:00
Accession:  0001437749-24-027240
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Maui Land & Pineapple H1 net loss widens to $3.2M; revenue up 7.5% on higher occupancy
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- H1 2024 net loss $3.247M ($0.16/diluted share) vs $2.481M loss YoY; loss widened due to $2.582M non-cash share-based comp.
- Operating revenue $5.128M, up 7.5% YoY driven by leasing, land sales, and resort amenities.
- Commercial occupancy up 24% over past year; leasing revenue $4.388M vs $4.318M.
- Adjusted EBITDA negative ($251K); cash and investments $6.960M, down $1.875M from Dec 2023.
- Hired two senior leaders for land improvements and asset management; contracted to sell a non-strategic parcel in August 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/63330/000143774924027240/0001437749-24-027240-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/63330/000143774924027240/mlp20240808_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-027240

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer