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Parks America Inc - PRKA STOCK NEWS

Welcome to our dedicated news page for Parks America (Ticker: PRKA), a resource for investors and traders seeking the latest updates and insights on Parks America.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Parks America's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Parks America's position in the market.

Rhea-AI Summary
Parks! America, Inc. (PRKA) announces Q1 2024 results with $1.90 million in consolidated revenues, showing a 2.0% increase. Texas park revenue surged by 22%, while Missouri park revenue grew by 2%. Annual memberships soared over 9-fold due to effective marketing. Debt-to-equity ratio improved to 0.27. The company reported a net loss of $369,255. Recent developments include adopting a shareholder rights plan and appointing Charles Kohnen as interim Chairman.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4%
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earnings
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Rhea-AI Summary
Parks! America, Inc. (PRKA) will host a conference call to discuss its first-quarter fiscal year 2024 financial results. Interested parties can access the call via phone or webcast. A replay will be available for 90 days.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
11.11%
Tags
conferences earnings
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Rhea-AI Summary
Parks! America, Inc. (PRKA) has filed its preliminary proxy statement with the SEC for its Special Meeting of Stockholders on February 26, 2024. The company urges stockholders to wait for the definitive proxy statement and WHITE Proxy Card before voting. An open letter to Focused Compounding was also issued, emphasizing the CEO's focus on maximizing value and building a stronger operational and financial foundation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
13.64%
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none
Rhea-AI Summary
Parks! America, Inc. (PRKA) announced the adoption of a limited duration shareholder rights plan to protect shareholders' interests and maximize value. The plan aims to prevent any person or group from gaining control of the company without negotiating with the Board and paying an appropriate control premium to all shareholders. Each outstanding share of the Company’s common stock will receive one right under the plan, which becomes exercisable if a person or group acquires beneficial ownership of 10% or more of the Company’s outstanding common stock.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.44%
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none
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Rhea-AI Summary
Parks! America, Inc. (PRKA) announces its 2024 Annual Meeting of Shareholders to be held virtually on June 6, 2024, along with an Investor Day at Wild Animal Safari. The company's CEO, Lisa Brady, highlights progress made in 2023, despite challenges including a tornado damaging a revenue-generating property. The company aims to focus on corporate governance, communications, and investor relations to drive future growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.44%
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none
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Rhea-AI Summary
Parks! America, Inc. (PRKA) received a notice from Focused Compounding Fund, LP demanding a special meeting of shareholders to vote on proposals for the removal of directors and the election of a new Board of Directors. The proposed changes would result in an implicit takeover of the company by a shareholder without offering a premium to other shareholders. The company has empaneled a Special Committee to address issues related to the Special Meeting to ensure actions taken are in the best interests of the company and all its shareholders. Management and the Board of Directors remain committed to maintaining constructive dialogue and engagement with all shareholders.
Rhea-AI Impact
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End-of-Day
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Rhea-AI Summary
Parks! America, Inc. (PRKA) reported a decrease in total revenues for fiscal 2023, with a positive EBITDA of $1.2 million despite a $1.0 million loss due to a tornado event at their Georgia Park. The company remains focused on near-term growth and long-term inorganic expansion.
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Rhea-AI Sentiment
End-of-Day
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earnings
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Rhea-AI Summary
Park revenues in Q3 decreased by 4% on a pro forma basis, after adjusting for the revenue impact of the tornado at the Georgia Park. The majority of the Walk
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.7%
Tags
earnings
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Rhea-AI Summary
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-- %
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earnings
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.13%
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Parks America Inc

OTC:PRKA

PRKA Rankings

PRKA Stock Data

34.08M
21.31M
71.79%
0.22%
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