Parks! America reports fiscal 2023 net loss of $483K; revenue down 12% on tornado impact

PARKS AMERICA, INC

Fiscal 2023 total revenue $9.44M, down $1.30M from 2022; Q4 revenue $2.85M.
Net loss of $0.01 per share vs. net income of $0.01 per share in prior year.
EBITDA of $1.22M, down ~$950K; $1.0M lost park revenue from March tornado at Georgia Park.
Working capital $3.69M, total debt $4.23M; debt-to-equity 0.28x.
2024 capital plan ~$1.4M funded internally; management expects park revenue at or above fiscal 2022.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

PARKS AMERICA, INC reported for the fiscal year ended October 1, 2023 results: revenue $9.44 million, net income net loss of $483,738, EPS $0.01 per basic share and per fully diluted share.

Period: for the fiscal year ended October 1, 2023
Revenue: $9.44 million
Net income: net loss of $483,738
EPS: $0.01 per basic share and per fully diluted share
Result: reported results

Exact text from the filing

Georgia Park and expect to establish a revised timeline for this project during fiscal 2024. Fiscal 2023 Highlights Total revenues for the fiscal year ended October 1, 2023 were $9.44 million, a decrease of $1.30 million, compared to the fiscal year ended October 2, 2022. Our park revenues decreased by $1.34 million or 12.6%, and animal sales increased by $34,457.

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Source: SEC EDGAR

accession 0001493152-23-044565

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