Parks America (PRKA) Q1 2025 earnings summary

Executive summary

• Operates three regional safari parks in Georgia, Missouri, and Texas, with peak attendance from March to September.

• Reported consolidated revenue of $1.77 million for Q1 FY2025, down from $1.90 million year-over-year.

• Net income was $193,041, reversing a net loss of $369,255 in the prior year period.

• Consolidated income before income taxes was $276,941, a turnaround from a loss of $474,455 in the prior year.

• Adjusted net loss was $220,986, reflecting significant non-recurring proxy contest expenses and related insurance proceeds.

Financial highlights

• Georgia segment generated $1.11 million in revenue, Missouri $290K, and Texas $370K for the quarter.

• Adjusted EBITDA: $(24,251), improved from $(58,750) year-over-year.

• Working capital increased to $1.91 million from $1.60 million at prior fiscal year-end.

• Debt-to-equity ratio remained stable at 0.25.

• Depreciation and amortization totaled $208,548, down from $223,203 year-over-year.

Outlook and guidance

• Management expects continued seasonality, with negative cash flow in the first half and stronger performance in the second half of the fiscal year.

• No material subsequent events or changes to risk factors since the last annual report.