KONA Profile
Kona
Grill, Inc. is a restaurant chain company that operates upscale casual
dining restaurants under the name of &";Kona Grill&";. The company's menu
features American cuisine with influences from Asian and Polynesian
flavors. Its menu includes a variety of appetizers, salads,
sandwiches, sushi, entrees, and desserts, along with an extensive list
of cocktails and wine.
Kona Grill was founded in 1998 in
Scottsdale, Arizona, and has since expanded to 27 locations in the
United States. The company's restaurants are designed with a modern
and inviting atmosphere that appeals to a wide range of customers.
Kona Grill also offers catering services for private events and
parties.
The company has faced some challenges in recent years,
including declining sales and a significant increase in debt. In 2019,
Kona Grill filed for Chapter 11 bankruptcy and closed several
underperforming locations as part of its restructuring plan. Despite
these challenges, the company has continued to adapt to changing
consumer preferences and has introduced new menu items and online
ordering options to improve the customer experience.
Kona
Grill's stock is traded on the Nasdaq Stock Market under the ticker
symbol KONA. As of March 11, 2023, the stock was trading at $0.10 per
share. The company's market capitalization was $2.17 million, and its
average daily trading volume was 136,
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