Parks! America, Inc. Reports Second Quarter Fiscal Year 2025 Financial Results

Rhea-AI Summary

Parks! America (OTCQX: PRKA) reported its Q2 FY2025 financial results for the period ended March 30, 2025. The company's consolidated revenue for Q2 reached $2,002,021, a slight increase from $1,958,200 in Q2 FY2024. However, the company reported a consolidated loss before income taxes of $328,762, though significantly improved from a loss of $1,344,724 in the same quarter last year. The Georgia Park remained the largest revenue generator at $1,046,387, followed by Texas Park at $581,306 and Missouri Park at $374,328. Total assets as of March 30, 2025, stood at $18.27 million, with cash and short-term investments of $1.97 million, down from $3.32 million in September 2024.

Positive

• Consolidated Q2 revenue increased to $2,002,021 from $1,958,200 year-over-year
• Significant reduction in quarterly loss before income taxes to $328,762 from $1,344,724 year-over-year
• Texas Park showed revenue growth to $581,306 from $508,523 in Q2 year-over-year

Negative

• Cash and short-term investments declined to $1.97 million from $3.32 million since September 2024
• Georgia Park revenue slightly decreased to $1,046,387 from $1,048,944 year-over-year
• Corporate expenses increased to $301,482 from $192,722 in Q2 year-over-year
• Total assets decreased to $18.27 million from $19.19 million since September 2024

Management to host conference call on Monday, May 12, 2025, at 4:30 PM ET

PINE MOUNTAIN, Georgia, May 09, 2025 (GLOBE NEWSWIRE) -- Parks! America, Inc. (OTCQX: PRKAD), today announced its financial results for the second fiscal quarter ended March 30, 2025. 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.

Segment Financial Results for the 13 and 26 weeks ended March 30, 2025

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 13 weeks ended								For the 26 weeks ended
		March 30, 2025				March 31, 2024				March 30, 2025				March 31, 2024
Total revenue:
Georgia Park		$	1,046,387			$	1,048,944			$	2,157,105			$	2,288,954
Missouri Park			374,328				400,733				664,089				642,454
Texas Park			581,306				508,523				951,285				924,417
Consolidated		$	2,002,021			$	1,958,200			$	3,772,479			$	3,855,825
Loss before income taxes:
Georgia Park		$	148,542			$	185,645			$	482,488			$	551,487
Missouri Park			6,806				50,940				(42,422	)			(55,828	)
Texas Park			67,073				31,076				15,074				(4,949	)
Segment income			222,421				267,661				455,140				490,710
Corporate expenses			(301,482	)			(192,722	)			(571,834	)			(510,408	)
Depreciation and amortization			(220,315	)			(218,593	)			(428,863	)			(441,796	)
(Loss) gain on asset disposals, net			—				(21,337	)			52				(35,754	)
Contested proxy and related matters, net			—				(1,164,612	)			567,157				(1,291,252	)
Other income, net			25,323				34,026				38,705				69,913
Interest expense			(54,709	)			(49,147	)			(112,178	)			(100,592	)
Consolidated		$	(328,762	)		$	(1,344,724	)		$	(51,821	)		$	(1,819,179	)

		For the 13 weeks ended								For the 26 weeks ended
		March 30, 2025				March 31, 2024				March 30, 2025				March 31, 2024
Depreciation and amortization:
Georgia Park		$	98,832			$	94,659			$	188,248			$	186,048
Missouri Park			54,303				58,020				108,081				114,420
Texas Park			66,766				65,500				131,706				140,500
Corporate			414				414				828				828
Consolidated		$	220,315			$	218,593			$	428,863			$	441,796
Capital expenditures:
Georgia Park		$	443,018			$	182,515			$	938,794			$	273,192
Missouri Park			25,623				60,271				33,523				75,045
Texas Park			16,268				11,920				114,068				136,635
Consolidated		$	484,909			$	254,706			$	1,086,385			$	484,872

		As of
		March 30, 2025				September 29, 2024
Total assets:
Georgia Park		$	7,238,010			$	7,520,918
Missouri Park			3,059,835				3,399,324
Texas Park			7,800,448				7,812,661
Corporate			172,660				461,168
Consolidated		$	18,270,953			$	19,194,071
Total cash & short-term investments:
Georgia Park		$	778,094			$	1,800,623
Missouri Park			630,478				870,918
Texas Park			550,298				570,122
Corporate			14,681				82,705
Consolidated		$	1,973,551			$	3,324,368
Asset less cash & short-term investments:
Georgia Park		$	6,459,916			$	5,720,295
Missouri Park			2,429,356				2,528,406
Texas Park			7,250,150				7,242,539
Corporate			157,979				378,463
Consolidated		$	16,297,401			$	15,869,703

Conference Call and Webcast Details

The Company will host a conference call to review its financial results of the second quarter of fiscal year 2025 on May 12, 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. (OTCQX: PRKAD), 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 in Q2 2025?

Parks! America reported consolidated revenue of $2,002,021 for Q2 FY2025, compared to $1,958,200 in Q2 FY2024.

How much did Parks! America (PRKA) lose in Q2 2025?

The company reported a consolidated loss before income taxes of $328,762 in Q2 FY2025, improved from a loss of $1,344,724 in Q2 FY2024.

Which is Parks! America's (PRKA) best performing park by revenue?

The Georgia Park is the company's best performing location by revenue, generating $1,046,387 in Q2 FY2025.

What is Parks! America's (PRKA) cash position as of March 2025?

As of March 30, 2025, Parks! America had cash and short-term investments of $1,973,551, down from $3,324,368 in September 2024.

How many parks does Parks! America (PRKA) operate?

Parks! America operates three regional safari parks in the United States, located in Georgia, Missouri, and Texas.