Thu, May 15, 4:33 PM (59 days ago)
**Pismo Coast Village, Inc. (PCVV) Q1 2025 Financial Summary** **Financial Health and Performance:** - **Revenue:** Q1 2025 revenue was $1,966,000, a 2% increase from Q1 2024 ($1,935,000). Year-to-date (YTD) revenue was $4,019,000, nearly flat compared to $4,020,000 in 2024. - **Profit Margins:** Q1 2025 saw a loss from operations of $187,000, compared to a loss of $13,000 in Q1 2024. YTD loss from operations was $348,000, compared to a loss of $73,000 in 2024. - **Cash Flow:** Net cash provided by operating activities was $1,545,000 in Q1 2025, up from $1,335,000 in Q1 2024. YTD cash flow was $2,319,000, compared to $1,054,000 in 2024. - **Earnings Changes:** Net loss for Q1 2025 was $105,000, compared to a net income of $17,000 in Q1 2024. YTD net loss was $160,000, compared to a net income of $33,000 in 2024. **Quarterly Performance Discussion:** - **Revenue Streams:** Primary revenue sources include RV camping site rentals (63%), RV storage and towing fees (25%), and retail operations (7%). - **Expenses:** Operating expenses increased by $173,000 in Q1 2025 due to higher professional fees, energy costs, and storage operating costs. - **Seasonality:** The company's business is seasonal, with higher occupancy and revenue during summer months. Q1 2025 occupancy was slightly lower due to the timing of weekends and holidays. **Trends and Uncertainties:** - **Market Conditions:** The RV camping industry remains strong, with high demand for quality accommodations. However, economic conditions and inflation could impact future results. - **Future Operations:** The company plans $1.1 million in capital expenditures for 2025, including a new RV storage facility and mini-golf course renovations. Funding will come from operating cash flows and reserves. - **Financial Strength:** The company maintains a positive cash flow and has a $500,000 line of credit for additional funding if needed. **Future Outlook:** - **Growth Opportunities:** Continued investment in resort enhancements and marketing efforts are expected to drive growth. - **Risks:** Economic downturns, changes in consumer behavior, and increased competition could impact future performance. **Ticker:** PCVV