Parks! America Q3 FY2024: cash down, appoints President, proxy costs $2M

PARKS AMERICA, INC

2024-Q3 EPS reported -$0.02 revenue$7,304,569

Appointed Geoff Gannon as President; created Capital Allocation Committee of three directors.
YTD segment: Georgia rev $4.42M/income $1.72M, Missouri rev $1.29M/income $0.17M, Texas rev $1.38M/income $0.10M.
Consolidated cash $2.85M (down from $4.10M Oct 2023); total debt $3.65M (down from $4.23M).
Authorized $0.8M capex for Georgia Park restroom; managing ~$2.0M proxy contest expenses and severance.
Conference call at 4:30 PM ET today to review Q3 results.

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