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Last $0.05 USD
Change Today 0.00 / 0.00%
Volume 0.0
PRKA On Other Exchanges
Symbol
Exchange
OTC US
As of 8:10 PM 07/29/15 All times are local (Market data is delayed by at least 15 minutes).

parks! america inc (PRKA) Key Developments

Parks! America, Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended March 29, 2015

Parks! America, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended March 29, 2015. For the quarter, the company reported total net sales increased 4.6% to $583,000, primarily due to an increase in average revenue per guest, partially offset by a decrease in animal sales. The company’s net loss was $227,029, an improvement over the same period in the prior year of $29,325, based on higher net sales and lower operating costs. Loss from operations was $168,771 against $199,679 a year ago. Loss before income taxes was $227,029 against $256,354 a year ago. For the six months, the company reported total net sales totaled $1,229,042, an increase of $111,252 or 10.0%, driven by higher average revenue per guest and an increase in attendance, partially offset by a decrease in animal sales. Net loss was $352,184, an improvement of $132,140 over the six months ended March 30, 2014. This improvement was driven by higher net sales and lower operating costs. Loss from operations was $240,430 against $372,852 a year ago. Loss before income taxes was $352,184 against $484,324 a year ago.

Parks! America, Inc. Announces Auditor Changes

Parks! America, Inc. was notified by Silberstein Ungar, PLLC, the company’s independent registered accounting firm, that its principals joined the accounting firm of KLJ & Associates, LLP. As a result, on July 28, 2014, Silberstein Ungar resigned as the company’s independent registered public accounting firm. On July 31, 2014, the company’s Board of Directors approved the engagement of KLJ & Associates as the company’s independent registered public accounting firm.

Parks! America, Inc. Appoints Todd R. White to the Board

On April 10, 2014 2014 Parks! America, Inc. appointed Todd R. White, the Company's Chief Financial Officer, to fill a vacancy on the company's Board of Directors. Prior to joining the Company in 2013, from 1992-2011, Mr. White worked for the Scotts Miracle Gro Company in a variety of roles, and most recently served as its Vice President Global Controller from 2005-2011.

 

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Price/Earnings 29.2x
Price/Sales 0.9x
Price/Book 1.4x
Price/Cash Flow 8.1x
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