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Restaurants
The company you are referring to is Kona Grill Inc., which is a restaurant company based in the United States. The company's stock is listed on the NASDAQ stock exchange under the ticker symbol "KONA."
As of the time of this response, Kona Grill operates a chain of upscale casual dining restaurants that serve American cuisine with an international influence. The company's menu includes a variety of dishes, such as sushi, steaks, seafood, and burgers.
In terms of financial performance, Kona Grill has faced significant challenges in recent years. The company has reported net losses in each of the past few years, and its revenue has declined during this period as well. In the first nine months of 2021, the company reported a net loss of $4.1 million on revenue of $32.1 million, compared to a net loss of $12.3 million on revenue of $41.7 million in the same period of 2020.
Despite these challenges, Kona Grill has taken steps to improve its financial position and turn the company around. In 2021, the company implemented a number of cost-saving measures, including reducing its workforce and closing underperforming locations. The company has also focused on expanding its off-premise dining options, such as takeout and delivery, to help drive revenue.
It is worth noting that the restaurant industry as a whole has been significantly impacted by the COVID-19 pandemic, and Kona Grill has not been immune to these challenges. The company's financial performance has been affected by restrictions on indoor dining and other measures implemented to help slow the spread of the virus.
In terms of growth, Kona Grill has identified a number of potential opportunities for expansion, both domestically and internationally. The company has stated that it plans to open new locations in the United States and is also exploring opportunities in international markets. However, it is worth noting that any significant growth will likely depend on the company's ability to improve its financial performance and return to profitability.
Overall, Kona Grill is a restaurant company that has faced significant challenges in recent years, but has taken steps to improve its financial position and position itself for future growth. Investors interested in the company should carefully consider its financial performance, as well as the broader industry and market conditions, before making an investment decision.