>SCOTTSDALE, Ariz., Feb 10, 2010 (GlobeNewswire via COMTEX) — Kona Grill, Inc. (Nasdaq:KONA), an American grill and sushi bar, today reported results for its fourth quarter and full year ended December 31, 2009.
Fourth Quarter 2009 Highlights Include:
— Opened restaurant in Tampa, FL
— Restaurant sales increased 7.7% to $20.0 million
— Same-store sales decreased 8.1%
— Restaurant operating profit margin of 10.3%
— Net loss on a GAAP basis of $19.2 million, or $2.10 per share, including asset impairment and special charges totaling $17.6 million
— Net loss of $1.6 million, or $0.18 per share, excluding these aforementioned asset impairment and special charges