secwatch.observer — SEC 8-K summary
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Issuer:     PARKS AMERICA, INC (PRKA)
CIK:        0001297937
Form:       8-K
Filed at:   2023-08-15T23:59:59+00:00
Accession:  0001493152-23-028816
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1297937/000149315223028816/0001493152-23-028816-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1297937/000149315223028816/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-028816

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