{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-24-019207","form_type":"8-K","ticker":"PRKA","cik":"0001297937","company_name":"PARKS AMERICA, INC","filed_at":"2024-05-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:17.759057+00:00","generated_at":"2026-06-02T00:23:15.362690+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Parks! America Q2 revenue up 4.4% to $1.96M but net loss widens to $1.0M due to proxy contest costs","bullets":["Consolidated revenue $1.96M (+4.4% YoY); Missouri park rev +48%, Georgia -1.3%, Texas -9.2%.","Net loss $1.0M ($0.01/share) vs $0.85M loss YoY; adjusted net loss $150K vs $385K.","Proxy contest with Focused Compounding incurred $1.16M in Q2 expenses, hurting financials.","EBITDA improved to $108,965 from negative $197,045 in prior-year Q2.","Debt reduced $751K YoY to $3.85M; cash/investments $3.03M; $800K credit lines undrawn."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-24-019207","json":"https://secwatch.observer/filing/0001493152-24-019207.json","markdown":"https://secwatch.observer/filing/0001493152-24-019207.md","text":"https://secwatch.observer/filing/0001493152-24-019207.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1297937/000149315224019207/0001493152-24-019207-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1297937/000149315224019207/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T00:23:15.362690+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"308612c34efdd01f9a62ff76fee8b825b2711063","claim":"PARKS AMERICA, INC reported the fiscal quarter ended March 31, 2024 results: revenue $1.96 million, net income $1.0 million, EPS ($0.01) per fully diluted share.","evidence_excerpt":"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 (","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1297937/000149315224019207/0001493152-24-019207-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal quarter ended March 31, 2024"},{"label":"Revenue","value":"$1.96 million"},{"label":"Net income","value":"$1.0 million"},{"label":"EPS","value":"($0.01) per fully diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"49fe5a51d90567a16f797794b85447625ad0bc98","claim":"PARKS AMERICA, INC reported the six months ended March 31, 2024 results: revenue $3.86 million, net income $1.37 million, EPS ($0.02) per fully diluted share.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1297937/000149315224019207/0001493152-24-019207-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the six months ended March 31, 2024"},{"label":"Revenue","value":"$3.86 million"},{"label":"Net income","value":"$1.37 million"},{"label":"EPS","value":"($0.02) per fully diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}