In This Article:
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.
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| For the three months ended |
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| December 29, 2024 |
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| December 31, 2023 |
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| Total revenues: |
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| Georgia |
| $ | 1,110,718 |
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| $ | 1,240,010 |
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| Missouri |
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| 289,761 |
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| 241,721 |
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| Texas |
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| 369,979 |
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| 415,894 |
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| Consolidated |
| $ | 1,770,458 |
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| $ | 1,897,625 |
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| Income (loss) before income taxes: |
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| Georgia |
| $ | 333,946 |
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| $ | 365,842 |
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| Missouri |
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| (49,228 | ) |
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| (106,768 | ) |
| Texas |
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| (51,999 | ) |
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| (36,025 | ) |
| Segment income |
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| 232,719 |
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| 223,049 |
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| Corporate expenses |
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| 270,352 |
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| 317,686 |
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| Depreciation and amortization |
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| 208,548 |
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| 223,203 |
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| (Gain) loss on asset disposals, net |
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| (52 | ) |
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| 14,417 |
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| Contested proxy and related matters, net |
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| (567,157 | ) |
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| 126,640 |
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| Other (income), net |
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| (13,382 | ) |
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| (35,887 | ) |
| Interest expense |
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| 57,469 |
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| 51,445 |
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| Consolidated |
| $ | 276,941 |
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| $ | (474,455 | ) |
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| For the three months ended |
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| December 29, 2024 |
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| December 31, 2023 |
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| Depreciation and amortization: |
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| Georgia |
| $ | 89,416 |
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| $ | 91,389 |
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| Missouri |
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| 53,778 |
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| 56,400 |
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| Texas |
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| 64,940 |
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| 75,000 |
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| Corporate |
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| 414 |
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| 414 |
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| Consolidated |
| $ | 208,548 |
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| $ | 223,203 |
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| Capital expenditures |
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| Georgia |
| $ | 495,776 |
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| $ | 90,677 |
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| Missouri |
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| 7,900 |
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| 14,774 |
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| Texas |
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| 97,800 |
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| 124,715 |
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| Consolidated |
| $ | 601,476 |
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| $ | 230,166 |
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| As of |
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| December 29, 2024 |
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| September 29, 2024 |
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| Total assets: |
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| Georgia |
| $ | 7,574,529 |
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| $ | 7,520,918 |
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| Missouri |
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| 3,032,986 |
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| 3,399,324 |
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| Texas |
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| 7,818,685 |
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| 7,812,661 |
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| Corporate |
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| 274,338 |
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| 461,168 |
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| Consolidated |
| $ | 18,700,538 |
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| $ | 19,194,071 |
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| Total cash & short-term investments: |
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| Georgia |
| $ | 1,512,002 |
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| $ | 1,800,623 |
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| Missouri |
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| 557,188 |
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| 870,918 |
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| Texas |
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| 539,323 |
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| 570,122 |
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| Corporate |
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| 52,689 |
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| 82,705 |
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| Consolidated |
| $ | 2,661,202 |
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| $ | 3,324,368 |
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| Asset less cash & short-term investments: |
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| Georgia |
| $ | 6,062,527 |
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| $ | 5,720,295 |
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| Missouri |
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| 2,475,798 |
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| 2,528,406 |
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| Texas |
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| 7,279,362 |
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| 7,242,539 |
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| Corporate |
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| 221,649 |
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| 378,463 |
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| Consolidated |
| $ | 16,039,336 |
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| $ | 15,869,703 |
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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.