8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): January 11, 2010

KONA GRILL, INC.
(Exact name of registrant as specified in its charter)

Delaware	001-34082	20-0216690
(State or other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

7150 E. Camelback Road, Suite 220 Scottsdale, Arizona	85251
(Address of Principal Executive Offices)	(Zip Code)

Registrant’s telephone number, including area code: (480) 922-8100

(Former name or former address if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02 Results of Operations and Financial Condition.

On January 11, 2010, Kona Grill, Inc. (the “Registrant”) issued a press release announcing its preliminary fourth quarter 2009 results.

The press release issued by the Registrant in connection with the announcement is attached to this report as Exhibit 99.1. The information in this Form 8-K and Exhibit attached hereto are being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities and Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, except as shall be expressly set forth by specific reference in such filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

99.1 Press Release dated January 11, 2010 titled “Kona Grill Releases Preliminary Fourth Quarter 2009 Results”

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: January 11, 2010

KONA GRILL, INC.

By: /s/ Mark S. Robinow                                     
Mark S. Robinow
Executive Vice President, Chief Financial Officer, and Secretary

EXHIBIT INDEX

Exhibit
Number	Description
99.1	Press Release dated January 11, 2010 titled “Kona Grill Releases Preliminary Fourth Quarter 2009 Results”

EX-99.1

Exhibit 99.1

Investor Relations Contact:
Raphael Gross
203.682.8200

Kona Grill Releases Preliminary Fourth Quarter 2009 Results

Scottsdale, AZ. January 11, 2010 – Kona Grill, Inc. (NASDAQ: KONA), an American grill and sushi bar, today released preliminary fourth quarter 2009 results.

For the fourth quarter 2009, sales increased 7.7% to $20.0 million from $18.6 million a year-ago, while comparable restaurant sales decreased approximately 8.1%. During its third quarter conference call in October, the Company had previously forecasted an approximate 9.0% decrease in comparable restaurant sales for the period.

Due to margin compression, management now expects that the fourth quarter 2009 loss will be slightly below previous guidance of $(0.11) to $(0.16) per share, excluding special charges for severance related to the departure of a former company officer as well as legal fees associated with the Company’s ongoing derivative suit. The Company also continues to evaluate restaurant impairment charges that it will likely record during the fourth quarter.

The Company will release and comment on these results during its next quarterly earnings call, scheduled for February 10, 2010.

“While fourth quarter operating results reflect the challenging economic environment, we are excited about our plans for 2010. Our leadership team has developed several initiatives designed to drive guest frequency and increase brand awareness, and ultimately, improve our financial results,” said Marc Buehler, President and Chief Executive Officer of Kona Grill.

Investor Conferences Participation Reminder
Today, the Company will be presenting at the Cowen and Company 8^th Annual Consumer Conference at the Westin New York at Times Square in New York, NY. The presentation will begin at 11:30 AM Eastern Time.

On Wednesday, January 13, 2010, the Company will be presenting at the 12^th Annual ICR XChange Conference at the St. Regis Monarch Beach Resort & Spa in Dana Point, CA. The presentation will begin at 1:30 PM Eastern Time.

Investors and interested parties will be able to listen to these investor presentations via webcast from the investor relations portion of the Company’s website at www.konagrill.com.

About Kona Grill
Kona Grill features American favorites with an international influence and award-winning sushi in a casually elegant atmosphere. Kona Grill owns and operates 24 restaurants, guided by a passion for quality food and personal service. Restaurants are currently located in 15 states: Arizona (Chandler, Gilbert, Phoenix, Scottsdale); Colorado (Denver); Connecticut (Stamford); Florida (Tampa, West Palm Beach); Illinois (Lincolnshire, Oak Brook); Indiana (Carmel); Louisiana (Baton Rouge); Michigan (Troy); Minnesota (Eden Prairie); Missouri (Kansas City); Nebraska (Omaha); New Jersey (Woodbridge); Nevada (Las Vegas); Texas (Austin, Dallas, Houston, Sugar Land, San Antonio); Virginia (Richmond). For more information, visit www.konagrill.com