secwatch.observer — SEC 8-K summary
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Issuer:     PARKS AMERICA, INC (PRKA)
CIK:        0001297937
Form:       8-K
Filed at:   2024-05-14T23:59:59+00:00
Accession:  0001493152-24-019207
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1297937/000149315224019207/0001493152-24-019207-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1297937/000149315224019207/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-019207

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer