Parks! America Q3 revenue down 22% to $2.85M; nine-month net loss $487K

PARKS AMERICA, INC

2023-Q3 EPS reported -$0.01 revenue$6,586,976

Q3 total revenues $2.85M, down $794K (22.6%) YoY; park revenue fell 22.6% to $2.80M, with Georgia closed 12 days due to March tornado.
Net income $512K ($0.01 per share) vs $719K; adjusted net income down $476K, largely due to lost revenues from tornado closure.
Nine-month total revenues $6.59M, down $1.09M; net loss $487K vs net income $245K; adjusted net income down $540K.
First five weeks of Q4: park revenues decline 5.5%; Georgia still 10% behind; Missouri up 8%, Texas up 3% despite heat.
Management expects positive EBITDA for FY2023 but may report net loss; working capital $3.42M, debt $4.41M, debt/equity 0.29.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

PARKS AMERICA, INC reported third fiscal quarter and nine months ended July 2, 2022 results: revenue Total revenues for the fiscal quarter ended July 2, 2023 were $2.85 million, net income The Company reported a net income of $512,035, or $0.01 per basic share and fully diluted share, for the fiscal quarter, EPS $0.01 per basic share and fully diluted share.

Period: third fiscal quarter and nine months ended July 2, 2022
Revenue: Total revenues for the fiscal quarter ended July 2, 2023 were $2.85 million
Net income: The Company reported a net income of $512,035, or $0.01 per basic share and fully diluted share, for the fiscal quarter
EPS: $0.01 per basic share and fully diluted share
Result: reported results

Exact text from the filing

Parks! America, Inc. Reports Q3 and YTD Fiscal 2023 Results

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Source: SEC EDGAR

accession 0001493152-23-028816

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