Chanticleer Holdings Inc., which operates several restaurant brands, reported fourth quarter earnings that showed higher revenue and a smaller loss, according to a Securities and Exchange Commission filing.

The Charlotte-based company reported a net loss of $1.43 million, or 49 cents per share, in the fourth quarter, better than the loss of $1.8 million, or 87 cents per share in the fourth quarter of 2016.

Revenue for the quarter was $10.1 million, up from revenue of $9.8 million in the fourth quarter of 2016.

The company said it is increasing its focus on its U.S. burger restaurant business and considering whether to sell its nonburger and international locations.

“Chanticleer is in the process of evolving and narrowing its strategic focus and allocation of resources to the domestic better burger segment where we generate the highest margins and rates of return,” said CEO Mike Pruitt in a statement.

Chanticleer owns, operates, and franchises fast casual and full service restaurant brands, including American Burger Company, BGR-Burgers Grilled Right, Little Big Burger, Just Fresh and Hooters.

During 2017, the company opened 4 Little Big Burger locations, 1 new BGR location, and expects to open eight to 12 new location annually.

The company also closed four underperforming locations in 2017 which resulted in non-cash impairment charges and is expected to contribute to improved operating performance in future periods.

Total revenue for the year was $41.4 million which is down compared to 2016’s 41.7 million. The company’s asset impairment charge for 2017 was $2,395,616, substantially increasing total expenses for the year.

Costs of sales as as percent of restaurant sales was 33.8 percent in 2017 compared to 33.0 percent in 2016. This can be attributed to high beef, chicken, and distribution costs, which are expected to moderate in the future.

Chanticleer’s shares fell 7 cents to $3.63 in Monday morning trading.