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Royal Hawaiian Orchards Q4 loss narrows YOY

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Royal Hawaiian Orchards Q4 loss narrows YOY

Royal Hawaiian Orchards L.P. said its normalized net income for the fourth quarter came to a loss of 8 cents per share, compared with a loss of 8 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $855,630, compared with a loss of $993,130 in the prior-year period.

The normalized profit margin rose to negative 17.3% from negative 19.1% in the year-earlier period.

Total revenue totaled $5.2 million, compared with $5.2 million in the year-earlier period, and total operating expenses decreased 5.4% year over year to $6.3 million from $6.7 million.

Reported net income came to a loss of $1.4 million, or a loss of 13 cents per share, compared to a loss of $1.5 million, or a loss of 12 cents per share, in the prior-year period.

For the year, the company's normalized net income totaled a loss of 11 cents per share, compared with a loss of 24 cents per share in the prior year.

Normalized net income was a loss of $1.2 million, compared with a loss of $2.7 million in the prior year.

Full-year total revenue grew 15.4% year over year to $18.4 million from $16.0 million, and total operating expenses fell on an annual basis to $19.5 million from $19.8 million.

The company said reported net income came to a loss of $2.2 million, or a loss of 20 cents per share, in the full year, compared with a loss of $6.2 million, or a loss of 56 cents per share, the prior year.