Parks! America Q1 revenue up 2% to $1.9M; net loss widens to $369K on proxy expenses and weather

PARKS AMERICA, INC

2024-Q1 EPS reported $0.00 revenue$1,897,625

Revenue $1.90M (+2% YoY); Georgia park -6.1% (weather), Texas +22%, Missouri +2%.
Net loss $369K ($0.00/share) vs $153K loss prior year; adjusted EBITDA -$59K vs +$92K.
Cash $3.61M; debt-to-equity 0.27 (vs 0.31); $800K lines of credit undrawn.
Board adopted shareholder rights plan; special meeting Feb 26, 2024; Charles Kohnen interim Chairman.
Proxy fight with dissident group drove higher professional fees; annual meeting set June 6, 2024.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

PARKS AMERICA, INC reported first quarter of fiscal year 2024 ended December 31, 2023 results: revenue $1.90 million, net income $369,255, or $0.00 per fully diluted share, EPS $0.00 per fully diluted share.

Period: first quarter of fiscal year 2024 ended December 31, 2023
Revenue: $1.90 million
Net income: $369,255, or $0.00 per fully diluted share
EPS: $0.00 per fully diluted share
Result: reported results

Exact text from the filing

in the U.S., today announced the results for the first quarter of fiscal year 2024 ended December 31, 2023. Operational and Financial Highlights ● Consolidated revenues of $1.90 million for Q1 2024, an increase of 2.0% ● Texas park revenue increased 22% with attendance up 29% ● Missouri park revenue increased 2% with attendance up 18% ● Annual memberships

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Source: SEC EDGAR

accession 0001493152-24-006083

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