Parks! America, Inc. Reports First Quarter Fiscal Year 2025 Financial Results
Parks! America (OTCPink: PRKA) has released its Q1 FY2025 financial results for the period ended December 29, 2024. The company reported consolidated total revenues of $1,770,458, down from $1,897,625 in the same period last year. By segment, Georgia generated $1,110,718, Missouri $289,761, and Texas $369,979 in revenues.
The company posted a consolidated income of $276,941, compared to a loss of $(474,455) in Q1 FY2024. Total cash and short-term investments stood at $2,661,202, down from $3,324,368 at the end of September 2024. Capital expenditures increased to $601,476, up from $230,166 in the previous year, with the majority allocated to the Georgia location.
Parks! America (OTCPink: PRKA) ha pubblicato i suoi risultati finanziari del primo trimestre dell'anno fiscale 2025 per il periodo conclusosi il 29 dicembre 2024. L'azienda ha riportato entrate totali consolidate di $1.770.458, in calo rispetto a $1.897.625 nello stesso periodo dell'anno precedente. Per segmento, la Georgia ha generato $1.110.718, il Missouri $289.761 e il Texas $369.979 in entrate.
L'azienda ha registrato un reddito consolidato di $276.941, rispetto a una perdita di $(474.455) nel primo trimestre dell'anno fiscale 2024. Le disponibilità liquide e gli investimenti a breve termine ammontavano a $2.661.202, in diminuzione rispetto a $3.324.368 alla fine di settembre 2024. Le spese in conto capitale sono aumentate a $601.476, rispetto a $230.166 dell'anno precedente, con la maggior parte allocata alla sede in Georgia.
Parks! America (OTCPink: PRKA) ha lanzado sus resultados financieros del primer trimestre del año fiscal 2025 para el período que finalizó el 29 de diciembre de 2024. La compañía reportó ingresos totales consolidados de $1,770,458, una disminución desde $1,897,625 en el mismo período del año pasado. Por segmento, Georgia generó $1,110,718, Missouri $289,761 y Texas $369,979 en ingresos.
La empresa registró un ingreso consolidado de $276,941, en comparación con una pérdida de $(474,455) en el primer trimestre del año fiscal 2024. Las disponibilidades en efectivo e inversiones a corto plazo se situaron en $2,661,202, por debajo de $3,324,368 a finales de septiembre de 2024. Los gastos de capital aumentaron a $601,476, en comparación con $230,166 del año anterior, con la mayoría asignada a la ubicación en Georgia.
파크스! 아메리카 (OTCPink: PRKA)는 2024년 12월 29일 종료된 회계 연도 2025년 1분기 재무 결과를 발표했습니다. 회사는 총 consolidated 수익이 $1,770,458로, 작년 같은 기간의 $1,897,625에서 감소했다고 보고했습니다. 세부적으로 살펴보면 조지아에서 $1,110,718, 미주리에서 $289,761, 텍사스에서 $369,979의 수익을 올렸습니다.
회사는 consolidated 소득 $276,941을 기록했으며, 이는 회계 연도 2024년 1분기 $(474,455)의 손실과 비교됩니다. 총 현금 및 단기 투자액은 $2,661,202로, 2024년 9월 말의 $3,324,368에서 감소했습니다. 자본 지출은 $601,476로 증가했으며, 이는 작년 $230,166에서 증가했으며 대부분 조지아 지점에 할당되었습니다.
Parks! America (OTCPink: PRKA) a publié ses résultats financiers pour le premier trimestre de l'exercice 2025 pour la période se terminant le 29 décembre 2024. L'entreprise a annoncé des revenus totaux consolidés de 1 770 458 $, en baisse par rapport à 1 897 625 $ au cours de la même période l'année dernière. Par segment, la Géorgie a généré des revenus de 1 110 718 $, le Missouri 289 761 $ et le Texas 369 979 $.
L'entreprise a affiché un revenu consolidé de 276 941 $, comparé à une perte de (474 455 $) lors du premier trimestre de l'exercice 2024. Les liquidités totales et les investissements à court terme s'élevaient à 2 661 202 $, en baisse par rapport à 3 324 368 $ à la fin de septembre 2024. Les dépenses en capital ont augmenté à 601 476 $, contre 230 166 $ l'année précédente, la majorité étant allouée au site de Géorgie.
Parks! America (OTCPink: PRKA) hat seine finanziellen Ergebnisse für das erste Quartal des Geschäftsjahres 2025 für den Zeitraum zum 29. Dezember 2024 veröffentlicht. Das Unternehmen meldete konsolidierte Gesamterlöse von $1.770.458, ein Rückgang von $1.897.625 im gleichen Zeitraum des Vorjahres. Nach Segmenten erzielte Georgia $1.110.718, Missouri $289.761 und Texas $369.979 an Einnahmen.
Das Unternehmen verzeichnete ein konsolediertes Einkommen von $276.941, verglichen mit einem Verlust von $(474.455) im ersten Quartal des Geschäftsjahres 2024. Die liquiden Mittel und kurzfristigen Investitionen beliefen sich auf $2.661.202, ein Rückgang von $3.324.368 Ende September 2024. Die Investitionsausgaben stiegen auf $601.476, im Vergleich zu $230.166 im Vorjahr, wobei der Großteil auf den Standort Georgia entfiel.
- Turned $474,455 loss into $276,941 profit year-over-year
- Missouri revenue increased by 19.9% to $289,761
- Reduced corporate expenses by 14.9% to $270,352
- Significant reduction in contested proxy and related matters costs
- Total revenue declined 6.7% to $1,770,458
- Georgia revenue decreased 10.4% to $1,110,718
- Texas revenue dropped 11% to $369,979
- Cash and short-term investments decreased 20% from $3,324,368 to $2,661,202
Management to host conference call on Monday, February 10, 2025, at 4:30 PM ET
PINE MOUNTAIN, Georgia, Feb. 07, 2025 (GLOBE NEWSWIRE) -- Parks! America, Inc. (OTCPink: PRKA), today announced its financial results for the first quarter of fiscal year 2025 ended December 29, 2024. The summary information in this press release should not be used as the sole basis for making investment decisions. We encourage shareholders to read our complete Form 10-Q, which has been posted on the Company's website animalsafari.com/investor-relations, for a complete view of the Company and its results.
Year-to-Date Fiscal 2025 Segment Financial Results
The Company manages its operations on an individual location basis. Financial information regarding each of the Company’s reportable segments is summarized in the tables below.
| For the three months ended | ||||||||
| December 29, 2024 | December 31, 2023 | |||||||
| Total revenues: | ||||||||
| Georgia | $ | 1,110,718 | $ | 1,240,010 | ||||
| Missouri | 289,761 | 241,721 | ||||||
| Texas | 369,979 | 415,894 | ||||||
| Consolidated | $ | 1,770,458 | $ | 1,897,625 | ||||
| Income (loss) before income taxes: | ||||||||
| Georgia | $ | 333,946 | $ | 365,842 | ||||
| Missouri | (49,228 | ) | (106,768 | ) | ||||
| Texas | (51,999 | ) | (36,025 | ) | ||||
| Segment income | 232,719 | 223,049 | ||||||
| Corporate expenses | 270,352 | 317,686 | ||||||
| Depreciation and amortization | 208,548 | 223,203 | ||||||
| (Gain) loss on asset disposals, net | (52 | ) | 14,417 | |||||
| Contested proxy and related matters, net | (567,157 | ) | 126,640 | |||||
| Other (income), net | (13,382 | ) | (35,887 | ) | ||||
| Interest expense | 57,469 | 51,445 | ||||||
| Consolidated | $ | 276,941 | $ | (474,455 | ) | |||
| For the three months ended | ||||||||
| December 29, 2024 | December 31, 2023 | |||||||
| Depreciation and amortization: | ||||||||
| Georgia | $ | 89,416 | $ | 91,389 | ||||
| Missouri | 53,778 | 56,400 | ||||||
| Texas | 64,940 | 75,000 | ||||||
| Corporate | 414 | 414 | ||||||
| Consolidated | $ | 208,548 | $ | 223,203 | ||||
| Capital expenditures | ||||||||
| Georgia | $ | 495,776 | $ | 90,677 | ||||
| Missouri | 7,900 | 14,774 | ||||||
| Texas | 97,800 | 124,715 | ||||||
| Consolidated | $ | 601,476 | $ | 230,166 | ||||
| As of | ||||||||
| December 29, 2024 | September 29, 2024 | |||||||
| Total assets: | ||||||||
| Georgia | $ | 7,574,529 | $ | 7,520,918 | ||||
| Missouri | 3,032,986 | 3,399,324 | ||||||
| Texas | 7,818,685 | 7,812,661 | ||||||
| Corporate | 274,338 | 461,168 | ||||||
| Consolidated | $ | 18,700,538 | $ | 19,194,071 | ||||
| Total cash & short-term investments: | ||||||||
| Georgia | $ | 1,512,002 | $ | 1,800,623 | ||||
| Missouri | 557,188 | 870,918 | ||||||
| Texas | 539,323 | 570,122 | ||||||
| Corporate | 52,689 | 82,705 | ||||||
| Consolidated | $ | 2,661,202 | $ | 3,324,368 | ||||
| Asset less cash & short-term investments: | ||||||||
| Georgia | $ | 6,062,527 | $ | 5,720,295 | ||||
| Missouri | 2,475,798 | 2,528,406 | ||||||
| Texas | 7,279,362 | 7,242,539 | ||||||
| Corporate | 221,649 | 378,463 | ||||||
| Consolidated | $ | 16,039,336 | $ | 15,869,703 | ||||
Conference Call and Webcast Details
The Company will host a conference call to review its financial results of the first quarter of fiscal year 2025 on February 10, 2025, at 4:30 pm ET. The conference call will be webcast and can be accessed on the Company’s website, animalsafari.com/investor-relations.
All participants on the conference call will have the opportunity to ask a question. You may also email your question to ralph@parksamerica.com prior to the call. A transcript of the call will be available on the Company’s website.
About Parks! America, Inc.
Parks! America, Inc. (OTCPink: PRKA), through our wholly owned subsidiaries, owns and operates three regional safari parks and is in the business of acquiring, developing and operating local and regional entertainment assets in the United States.
Additional information, including our Annual Report on Form 10-K for the fiscal year ended September 29, 2024, is available on the Company’s website, animalsafari.com/investor-relations.
Cautionary Note Regarding Forward Looking Statements
This news release may contain “forward-looking statements” within the meaning of U.S. securities laws. Forward-looking statements include statements concerning our future plans, business strategy, liquidity, capital expenditures, sources of revenue and other similar statements that are not historical in nature. You are cautioned not to place undue reliance on these forward-looking statements, which are based on our expectations as of the date of this news release and speak only as of the date hereof. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause our actual results to differ significantly from those expressed or implied by such forward-looking statements. Readers are advised to consider the factors listed under the heading “Risk Factors” and the other information contained in the Company’s Annual Report on Form 10-K and other reports filed from time to time with the Securities and Exchange Commission. We undertake no obligation to publicly update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.
Contact:
Ralph Molina
Head of Investor Relations and Corporate Strategy
(706) 940-2209
FAQ
What was Parks! America's (PRKA) revenue for Q1 FY2025?
How did PRKA's Q1 FY2025 profit compare to the previous year?
What were PRKA's capital expenditures in Q1 FY2025?
How much cash and short-term investments did PRKA have as of December 29, 2024?
Which PRKA location generated the highest revenue in Q1 FY2025?
