Kona Grill Inc. said its first-quarter normalized net income came to a loss of 21 cents per share, compared with the S&P Capital IQ consensus estimate of a loss of 22 cents per share.
The per-share loss grew year over year from 9 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $2.1 million, compared with a loss of $1.0 million in the prior-year period.
The normalized profit margin declined to negative 4.6% from negative 2.6% in the year-earlier period.
Total revenue grew 15.1% year over year to $45.2 million from $39.3 million, and total operating expenses climbed 18.1% year over year to $48.3 million from $40.9 million.
Reported net income came to a loss of $3.4 million, or a loss of 33 cents per share, compared to a loss of $1.7 million, or a loss of 15 cents per share, in the prior-year period.