secwatch.observer — SEC 8-K summary
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Issuer:     PARKS AMERICA, INC (PRKA)
CIK:        0001297937
Form:       8-K
Filed at:   2023-12-12T23:59:59+00:00
Accession:  0001493152-23-044565
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1297937/000149315223044565/0001493152-23-044565-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1297937/000149315223044565/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-044565

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