Filing Flows › Parks America (PRKA) › Q4 FY24
Parks America (PRKA) Q4 FY24 earnings results (fourth quarter fiscal 2024)
10-K filed Dec 13, 2024
Parks America (PRKA) reported revenue of $2.6M for the fourth quarter fiscal 2024 (Q4 FY24), -9% from a year earlier and -24% from the quarter before. Operating margin was 11.6%, net earnings $207K (7.9% of revenue).
Parks America, Q4 FY24: revenue $2.6M (-9% year over year), operating margin 11.6%, net earnings $207K, operating cash flow $865K. The chart follows the revenue to costs, profit and cash.
| Q4 FY24 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.6M | -24% | -9% |
| Operating profit | $302K | +195% | +137% |
| Net earnings | $207K | +205% | 62× |
| Operating cash flow | $865K | +352% | -40% |
| Free cash flow | $628K | 95× | -55% |
What changed
Revenue was $2.6M in Q4 FY24, down 9% year over year and down 24% from the previous quarter. Park was the largest line at 99% of revenue.
Operating profit was $302K, a 11.6% margin (up 7.1 points year over year). Total costs fell 15% while revenue fell 9%. Net earnings were $207K, up 6131% year over year. The effective tax rate was 17.9%.
Operating cash flow was $865K (down 40% year over year), 418% of net earnings. Non-cash charges added back $199K of depreciation and amortization. Working capital and other items added $459K. Capital expenditures of $237K left free cash flow of $628K.
Questions
What was Parks America's revenue in the fourth quarter fiscal 2024?
Parks America (PRKA) reported revenue of $2.6M for the fourth quarter fiscal 2024 (Q4 FY24), -9% from a year earlier and -24% from the quarter before.
Was Parks America profitable in the fourth quarter fiscal 2024?
Operating profit was $302K (11.6% of revenue) and net earnings $207K.
Source: Parks America 10-K on SEC EDGAR.