secwatch.observer — SEC 8-K summary
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Issuer:     PARKS AMERICA, INC (PRKA)
CIK:        0001297937
Form:       8-K
Filed at:   2022-02-09T23:59:59+00:00
Accession:  0001493152-22-003612
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Parks! America Q1 net loss $421,940; attendance sales down 9.9% reported, 0.9% comparable 13-week
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- Net loss of $421,940 ($0.01 per share) vs net income of $227,935 ($0.00) in prior-year quarter.
- Reported attendance-based net sales $1.94M, down 9.9% ($213K); comparable 13-week basis down only 0.9% ($16,819).
- Working capital $4.84M (down from $5.70M at Oct 2021); total debt $5.79M; debt-to-equity 0.41.
- Fiscal 2022 plans include ~$3.0M capital investments across three parks; new giraffe exhibit and baby giraffe born at Georgia Park.
- Higher compensation, advertising, and special event costs drove the net loss, partially offset by higher other income.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1297937/000149315222003612/0001493152-22-003612-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1297937/000149315222003612/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-003612

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