Key Developments: Kona Grill Inc (KONA.OQ)

KONA.OQ on NASDAQ Stock Exchange Global Market

25.31USD
12:19pm EST
Price Change (% chg)

$0.72 (+2.93%)
Prev Close
$24.59
Open
$24.40
Day's High
$25.49
Day's Low
$24.40
Volume
4,217
Avg. Vol
16,274
52-wk High
$25.80
52-wk Low
$14.12

Search Stocks

Latest Key Developments (Source: Significant Developments)

Kona Grill Inc announces expanded credit facility
Monday, 10 Nov 2014 08:51am EST 

Kona Grill Inc:Enters into five-year $35 mln amended credit facility with KeyBank National Association.The amended credit facility replaces an existing $20 mln credit line.Amended facility allows for available borrowings of $35 million compared to $20 mln under the old facility.The new facility bears interest between 1.5 pct and 2.5 pct over LIBOR, dependent upon the company's leverage ratio, compared to an interest rate of LIBOR plus 3.0 pct to 3.5 pct under the old facility.The amended facility also provides additional flexibility and less restrictive financial covenants.The facility is secured by the assets of the company and has a five-year term with an option to extend the term for one year upon the Lenders' consent.  Full Article

Kona Grill, Inc gives Q4 2014 guidance above analysts' estimates; gives Q4 2014 same-store sales guidance
Tuesday, 28 Oct 2014 04:02pm EDT 

Kona Grill, Inc:Expects Q4 2014 restaurant sales of $30.8 mln.Expects Q4 2014 same-store sales would be closer to 3.5%.Anticipates Q4 2014 net loss of ($1.0) mln, or ($0.09) per share.Q4 2014 revenue of $29.8 mln, net income of $(1.08) mln - Thomson Reuters I/B/E/S.  Full Article

Kona Grill Inc gives Q3 2014 guidance above analysts' estimates; gives Q3 2014 same-store sales guidance
Monday, 4 Aug 2014 04:05pm EDT 

Kona Grill Inc:Expects Q3 2014 restaurant sales of $29.5 million, driven by a 2.0pct increase in same-store sales.Forecasts Q3 2014 net income of $0.2 million, or $0.02 per share, which includes about $0.08 to $0.10 per share in costs associated with preopening and new unit inefficiencies as well as the negative impact caused by the remodel adjacent to the company's Denver restaurant.Q3 2014 revenue of $29.1 million, net income of $(0.2) million and EPS of $0.01 - Thomson Reuters I/B/E/S.  Full Article

Kona Grill Inc announces completion of public offering and exercise in full of option to purchase additional shares of common stock
Wednesday, 25 Jun 2014 01:35pm EDT 

Kona Grill Inc:Announced the completion of an underwritten public offering of 2,645,000 shares of its common stock at a public offering price of $18.50 per share.An aggregate of 2,345,000 of these shares were sold by the Company, which included 345,000 shares sold pursuant to the exercise in full by the underwriters of their option to purchase additional shares, and 300,000 shares were sold by certain selling stockholders.Offering closed on June 25.Gross proceeds to the company from this offering were $43.4 million.  Full Article

Kona Grill Inc prices public offering of common stock
Friday, 20 Jun 2014 09:48am EDT 

Kona Grill Inc:Says pricing of an underwritten public offering of 2,000,000 shares of its common stock at a public offering price of $18.50 per share.In addition, selling stockholders are offering to sell an additional 300,000 shares in the offering.Says gross proceeds to the company from this offering are $37.0 mln, before deducting the underwriting discount and other estimated offering expenses.Offering is expected to close on or about June 25 subject to customary closing conditions.KeyBanc Capital Markets and Raymond James are serving as joint book-running managers in the offering. Feltl & Company, Janney Montgomery Scott, Lake Street Capital Markets and Wunderlich Securities are serving as co-managers.  Full Article

Kona Grill Inc announces proposed public offering of common stock
Monday, 16 Jun 2014 04:00pm EDT 

Kona Grill Inc:Says it is offering to sell 2,000,000 shares of its common stock in an underwritten public offering.In addition, selling stockholders are offering to sell an additional 300,000 shares in the offering.The Company also expects to grant the underwriters a 30-day option to purchase up to an additional 345,000 shares of common stock in the offering.The Company intends to use the net proceeds from its sale of shares in the public offering for new unit expansion, remodel and maintenance capital expenditures and for working capital and other general corporate purposes.KeyBanc Capital Markets and Raymond James are serving as joint book-running managers. Feltl & Company, Janney Montgomery Scott, Lake Street Capital Markets and Wunderlich Securities are serving as co-managers.  Full Article

Kona Grill Inc gives Q2 2014 revenue outlook above analysts' estimates; earnings outlook below analysts' estimates; gives Q2 2014 same-store sales outlook
Wednesday, 30 Apr 2014 04:05pm EDT 

Kona Grill Inc:Expects Q2 2014 restaurant sales of $29.7 mln, driven by a 3.0 pct same-store sales increase.Expects Q2 2014 net income of $1.0 mln or $0.11 per share, which includes about $0.08 to $0.10 per share in costs associated with preopening and new unit inefficiencies.Q2 2014 revenue of $29.6 mln, net income of $1.2 mln, EPS of $0.14 - Thomson Reuters I/B/E/S.  Full Article

Kona Grill Inc gives Q1 2014 sales and earnings outlook
Thursday, 13 Feb 2014 04:05pm EST 

Kona Grill Inc:Expects Q1 2014 restaurant sales of $27.0 mln, driven by a 3.0 pct same-store sales increase and an 11.0 pct operating week growth assumption.Expects Q1 2014 net income of $0.2 million, or $0.02 per share, which includes about $0.08 to $0.10 per share in costs associated with opening and operating new restaurants, higher corporate infrastructure investments and a timing shift in the company's annual conference.Q1 2014 sales of $27 mln - Thomson Reuters I/B/E/S.  Full Article

Kona Grill Inc Comments On Q4 2013 Same Store Sales Guidance; Issues Q4 2013 Earnings Guidance Above Analysts' Estimates
Wednesday, 30 Oct 2013 04:05pm EDT 

Kona Grill Inc announced that for the fourth quarter of 2013, it expects same store sales growth of 3.0%, excluding the impact from two extensive restaurant remodels that commenced in October. As a result of the remodels and new restaurant openings, the company forecasts restaurant sales of $24.5 million for the fourth quarter of 2013, compared to $23.0 million in the same year-ago quarter. The company expects a net loss for the fourth quarter of 2013 of $600,000 or $0.07 per share, which includes an approximate $0.18 per share impact from a combination of preopening expenses, lost sales and costs associated with two restaurant remodels, and G&A spending in support of new unit growth, compared to net income of $851,000, or $0.10 per share, for the fourth quarter of 2012. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $0.03 for the fourth quarter of 2013.  Full Article

Kona Grill Inc Comments On Q3 2013 Same-Store Sales Guidance; Issues Q3 2013 Earnings Guidance Below Analysts Estimates
Thursday, 1 Aug 2013 04:05pm EDT 

Kona Grill Inc announced that for third quarter of 2013, it expects same-store sales of 1%, excluding the impact of two restaurants that are scheduled to undergo remodels beginning in September. As a result of the remodels, the Company expects restaurant sales to be flat at $23.9 million for the third quarter of 2013. The Company expects net income for the third quarter of 2013 of $0.4 million, or $0.05 per share. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $0.9 for the third quarter of 2013.  Full Article

Search Stocks