Parks! America ( (PRKA) ) has released its Q1 earnings. Here is a breakdown of the information Parks! America presented to its investors.
Parks! America, Inc. is a company that owns and operates three regional safari parks in the United States, focusing on acquiring, developing, and managing local and regional entertainment assets.
In its first quarter fiscal year 2025 earnings report, Parks! America, Inc. revealed financial results for the period ended December 29, 2024, highlighting a decrease in total revenues compared to the previous year.
The company’s consolidated revenue for the quarter stood at $1.77 million, down from $1.90 million in the same quarter last year. Georgia was the top-performing location with $1.11 million in revenue, although it also saw a decline. Missouri and Texas reported revenues of $289,761 and $369,979, respectively. Despite these declines, the company recorded an income before taxes of $276,941, a significant improvement from a loss of $474,455 in the previous year. Notably, corporate expenses decreased, and there was a notable gain from contested proxy and related matters.
Parks! America, Inc. experienced an increase in capital expenditures, particularly in Georgia, where spending rose significantly to $495,776. This reflects the company’s ongoing investment in its assets, although cash and short-term investments decreased to $2.66 million from $3.32 million.
Looking ahead, Parks! America, Inc. remains committed to enhancing its regional safari parks and entertainment offerings, while managing its financial resources to support future growth and operational improvements.