---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-006083"
form_type: "8-K"
ticker: "PRKA"
cik: "0001297937"
company_name: "PARKS AMERICA, INC"
filed_at: "2024-02-13T23:59:59+00:00"
generated_at: "2026-06-06T03:07:41.189663+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-24-006083
- form_type: 8-K
- ticker: PRKA
- cik: 0001297937
- company_name: PARKS AMERICA, INC
- filed_at: 2024-02-13T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1297937/000149315224006083/0001493152-24-006083-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1297937/000149315224006083/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-006083
- JSON: https://secwatch.observer/filing/0001493152-24-006083.json
- Plain text: https://secwatch.observer/filing/0001493152-24-006083.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1297937/000149315224006083/0001493152-24-006083-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.