Kona reports 4Q loss on opening costs

Kona reports 4Q loss on opening costs

Polished-casual grill looking at restaurants abroad

Kona Grill Inc. widened its loss in the fourth quarter ended Dec. 31, due in part to preopening costs of new restaurants, the company said Tuesday.

The Scottsdale, Ariz.-based polished-casual operator said its net loss was $916,000, or 8 cents per share, compared with a loss of $509,000, or 6 cents per share, in the same period last year. Revenue rose 29.1 percent in the quarter, to  $31.6 million, from $ 24.5 million in the prior-year period.

The compan

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