In This Article:
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.
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|
| For the 13 weeks ended |
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| For the 26 weeks ended |
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|
| March 30, 2025 |
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| March 31, 2024 |
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| March 30, 2025 |
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| March 31, 2024 |
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| Total revenue: |
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|
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| Georgia Park |
| $ | 1,046,387 |
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| $ | 1,048,944 |
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| $ | 2,157,105 |
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| $ | 2,288,954 |
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| Missouri Park |
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| 374,328 |
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| 400,733 |
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| 664,089 |
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| 642,454 |
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| Texas Park |
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| 581,306 |
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| 508,523 |
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|
| 951,285 |
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| 924,417 |
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| Consolidated |
| $ | 2,002,021 |
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| $ | 1,958,200 |
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| $ | 3,772,479 |
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| $ | 3,855,825 |
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| Loss before income taxes: |
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| Georgia Park |
| $ | 148,542 |
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| $ | 185,645 |
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| $ | 482,488 |
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| $ | 551,487 |
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| Missouri Park |
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| 6,806 |
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|
| 50,940 |
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|
| (42,422 | ) |
|
| (55,828 | ) |
| Texas Park |
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| 67,073 |
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|
| 31,076 |
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|
| 15,074 |
|
|
| (4,949 | ) |
| Segment income |
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| 222,421 |
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|
| 267,661 |
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|
| 455,140 |
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|
| 490,710 |
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| Corporate expenses |
|
| (301,482 | ) |
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| (192,722 | ) |
|
| (571,834 | ) |
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| (510,408 | ) |
| Depreciation and amortization |
|
| (220,315 | ) |
|
| (218,593 | ) |
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| (428,863 | ) |
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| (441,796 | ) |
| (Loss) gain on asset disposals, net |
|
| — |
|
|
| (21,337 | ) |
|
| 52 |
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|
| (35,754 | ) |
| Contested proxy and related matters, net |
|
| — |
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|
| (1,164,612 | ) |
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| 567,157 |
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|
| (1,291,252 | ) |
| Other income, net |
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| 25,323 |
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| 34,026 |
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| 38,705 |
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| 69,913 |
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| Interest expense |
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| (54,709 | ) |
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| (49,147 | ) |
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| (112,178 | ) |
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| (100,592 | ) |
| Consolidated |
| $ | (328,762 | ) |
| $ | (1,344,724 | ) |
| $ | (51,821 | ) |
| $ | (1,819,179 | ) |
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| For the 13 weeks ended |
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| For the 26 weeks ended |
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| March 30, 2025 |
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| March 31, 2024 |
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| March 30, 2025 |
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| March 31, 2024 |
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| Depreciation and amortization: |
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| Georgia Park |
| $ | 98,832 |
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| $ | 94,659 |
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| $ | 188,248 |
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| $ | 186,048 |
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| Missouri Park |
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| 54,303 |
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| 58,020 |
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| 108,081 |
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|
| 114,420 |
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| Texas Park |
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| 66,766 |
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| 65,500 |
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| 131,706 |
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|
| 140,500 |
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| Corporate |
|
| 414 |
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| 414 |
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|
| 828 |
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|
| 828 |
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| Consolidated |
| $ | 220,315 |
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| $ | 218,593 |
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| $ | 428,863 |
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| $ | 441,796 |
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| Capital expenditures: |
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| Georgia Park |
| $ | 443,018 |
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| $ | 182,515 |
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| $ | 938,794 |
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| $ | 273,192 |
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| Missouri Park |
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| 25,623 |
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|
| 60,271 |
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| 33,523 |
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|
| 75,045 |
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| Texas Park |
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| 16,268 |
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|
| 11,920 |
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|
| 114,068 |
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| 136,635 |
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| Consolidated |
| $ | 484,909 |
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| $ | 254,706 |
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| $ | 1,086,385 |
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| $ | 484,872 |
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| As of |
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| March 30, 2025 |
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| September 29, 2024 |
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| Total assets: |
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| Georgia Park |
| $ | 7,238,010 |
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| $ | 7,520,918 |
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| Missouri Park |
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| 3,059,835 |
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|
| 3,399,324 |
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| Texas Park |
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| 7,800,448 |
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|
| 7,812,661 |
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| Corporate |
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| 172,660 |
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|
| 461,168 |
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| Consolidated |
| $ | 18,270,953 |
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| $ | 19,194,071 |
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| Total cash & short-term investments: |
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| Georgia Park |
| $ | 778,094 |
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| $ | 1,800,623 |
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| Missouri Park |
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| 630,478 |
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| 870,918 |
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| Texas Park |
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| 550,298 |
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|
| 570,122 |
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| Corporate |
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| 14,681 |
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|
| 82,705 |
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| Consolidated |
| $ | 1,973,551 |
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| $ | 3,324,368 |
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| Asset less cash & short-term investments: |
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|
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| Georgia Park |
| $ | 6,459,916 |
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| $ | 5,720,295 |
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| Missouri Park |
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| 2,429,356 |
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|
| 2,528,406 |
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| Texas Park |
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| 7,250,150 |
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|
| 7,242,539 |
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| Corporate |
|
| 157,979 |
|
|
| 378,463 |
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| Consolidated |
| $ | 16,297,401 |
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| $ | 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.