Welcome to our dedicated page for Parks Amer news (Ticker: PRKA), a resource for investors and traders seeking the latest updates and insights on Parks Amer stock.
Parks! America, Inc. reports news on its operations as an OTCQX-traded owner and operator of three regional safari parks through wholly owned subsidiaries. The company describes its business as acquiring, developing and operating local and regional entertainment assets in the United States.
Recurring updates focus on quarterly and annual financial results, park-level reportable segment performance, revenue-driven costs, personnel costs, animal care expenses, maintenance and other operating costs. Company news also covers capital actions involving its common stock, including stock split activity and board-authorized share repurchase programs.
Parks! America, Inc. (OTC PINK:PRKA) reported a strong Q1 for FY2021, with sales reaching $2.23 million, a significant increase of 119.2% in attendance-based sales. Excluding Aggieland, attendance-based sales rose 60.4%. The company achieved a net income of $227,935, recovering from a net loss of $89,151 in Q1 FY2020. Working capital stood at $3.93 million, reflecting prudent financial management despite increased operational costs and debt from the Texas Park acquisition. The company remains optimistic about future growth as it prepares for the busy season.