Maui Land & Pineapple Q3 revenue up 18.6% but net loss widens to $5.5M

MAUI LAND & PINEAPPLE CO INC

2024-Q3 EPS reported -$0.27 revenue$8,153,000

Nine-month revenue $8.15M (+$1.28M YoY) driven by leasing (+$899K) and resort amenities (+$201K).
Net loss $5.48M ($0.28 per basic share) vs. $3.67M loss in 2023, due to $4.68M non-cash share-based comp and $321K CEO severance.
Adjusted EBITDA (non-GAAP) was -$138K for nine months; severance payments to former CEO continue through Q1 2025.
Leased commercial area up ~19%; cash spent $1.06M on tenant improvements, $984K on land development projects.
Leased ~50 acres to State of Hawaii at no cost for temporary housing; state funds ~$35.5M infrastructure.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.