Parks! America Q2 revenue up 4.4% to $1.96M but net loss widens to $1.0M due to proxy contest costs

Total revenues for the fiscal quarter ended March 31, 2024, were $1.96 million, an increase of $82,735, or 4.4%, versus the comparable quarter ended April 2, 2024. Park revenues increased by $66,675 or 3.6%, to $1.92 million, and higher animal sales increased by $16,060, to $33,960. Reported park revenues for the Georgia park - our largest revenue generating property for the Company – were down 1.3%. Reported park revenues for our Missouri park increased 48.0%, while park revenues for our Texas park decreased 9.2%. On a pro forma basis, adjusting for the impact of the tornado related closure of our Georgia park for the final eight days of our 2023 fiscal second quarter, as well as the year-over-year park revenue impact of an improvement to our ticketing platform, Missouri park revenue increased 52.6%, while Georgia and Texas park revenue decreased 21.8% and 6.9%, respectively. The Company reported a net loss of $1.0 million, or ($0.01) per fully diluted share, compared to $846,139 or (

Total revenues for the six months ended March 31, 2024, were $3.86 million, an increase of $118,981, or 3.2%, versus the comparable period ended April 2, 2023. Park revenues increased by $58,330 or 1.6%, to $3.73 million, and higher animal sales increased by $60,651, to $122,351. Reported park revenues for the Georgia park were down 4.0%. Reported park revenues for our Missouri and Texas parks increased 27.4% and 2.0%, respectively. On a pro forma basis, adjusting for the impact of the tornado related closure of our Georgia park for the final eight days of our 2023 fiscal second quarter, as well as a change in the accounting for online ticketing fees effective mid-January 2024, Missouri and Texas park revenue increased 29.6% and 3.7%, respectively, while Georgia park revenue decreased 14.1%. The Company reported a net loss of $1.37 million, or ($0.02) per fully diluted share, compared to $1.0 million or ($0.01) per fully diluted share, for the first six months of fiscal 2023.