Kona Grill Fails Revenue Expectations

Kona Grill (KONA) announced results and soft pedalled the miss on revenues. They were proud of cost controls and their impact on the bottom line. The fact of the matter is that this is a new company with a new restaurant concept. People are losing homes, jobs and their cars. So maybe a new sushi concept is not the best investment. At least management has not made a compelling case at the present time with any information that they are choosing to release. The question becomes what is the burn rate and how long can they last. None of which was discussed in the earnings release.