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Stock impact report

Parks! America, Inc. Reports First Quarter Fiscal 2024 Financial Results

PARKS! AMERICA INC (PRKA) 
Company Research Source: GlobeNewswire
Management to host conference call today, February 13, 2024, at 4:30 PM ET PINE MOUNTAIN, Georgia, Feb. 13, 2024 (GLOBE NEWSWIRE) -- Parks! America, Inc. (OTCPink: PRKA), a leading operator of regional safari parks in the U.S., today announced the results for the first quarter of fiscal year 2024 ended December 31, 2023. Operational and Financial Highlights  ?Consolidated revenues of $1.90 million for Q1 2024, an increase of 2.0% ?Texas park revenue increased 22% with attendance up 29% ?Missouri park revenue increased 2% with attendance up 18% ?Annual memberships increased more than 9-fold, driven by marketing efforts and compelling pricing structure. ?Management and the Board remain committed to long-term growth and sustainability through focused marketing efforts, critical property upgrades, and enhanced corporate governance practices. ?Cash and short-term investments as of December 31, 2023, totaled $3.61 million. ?Continuing debt reduction, debt-to-equity ratio: 0.27 end Show less Read more
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