secwatch.observer — SEC 8-K summary
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Issuer:     PARKS AMERICA, INC (PRKA)
CIK:        0001297937
Form:       8-K
Filed at:   2022-12-15T23:59:59+00:00
Accession:  0001493152-22-035583
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Parks America Q4 net income down to $482K; FY22 net income $727K vs $2.8M last year
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- Q4 total net sales $3.07M, down $219K YoY; park attendance-based sales fell 7.5%.
- FY22 net income $727K ($0.01/share) vs $2.80M ($0.04/share) in FY21, down $2.07M.
- Adjusted net income for FY22 (excl. legal settlement) was $800K, down $1.81M YoY.
- Working capital $4.67M; total debt $4.96M; debt-to-equity ratio 0.32 to 1.0.
- Comparable FY22 attendance-based sales up >40% vs 2019 on 12% attendance gain and 30% per-capita increase.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1297937/000149315222035583/0001493152-22-035583-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1297937/000149315222035583/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-035583

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer