Tue, May 14, 9:24 PM (73 days ago)
Parks! America, Inc. reported a net loss of $1 million for Q1 2024, up from a $846,139 loss in Q1 2023, largely due to contested proxy expenses of $1.16 million. Total revenues increased by 4.4% to $1.96 million, driven by park revenues of $1.92 million and animal sales of $33,960. Missouri Park saw a notable revenue increase of 48%, while Texas Park's revenue decreased by 9.2%. Corporate expenses decreased by 51.5% to $192,722. Cash flow from operations was negative at $255,259, and the company invested $1.44 million, including $1 million in certificates of deposit. Total debt decreased to $3.85 million. The company faces ongoing legal and proxy challenges from activist stockholder Focused Compounding.