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Pismo Coast Village

Company profile

Employees
Incorporated
Location
Fiscal year end
SEC CIK
IRS number
952990441

Calendar

12 Feb 21
17 Apr 21
30 Sep 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Sep 20 Sep 19 Sep 18 Sep 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Financial report summary

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Management Discussion
  • The Company develops its income from two sources: (a) Resort Operations, consisting of revenues generated from RV site rentals, from RV storage space operations, and from lease revenues from laundry, restaurant, and arcade operations by third party lessees; and (b) Retail Operations, consisting of revenues from General Store operations and from RV parts and service operations.
  • Income from Resort Operations for the three-month period ended December 31, 2020, increased $207,368, or 13.3%, above the same period in 2019. This increase is primarily due to a $236,257, or 22.4%, increase in year-to-date site rental revenue. Site occupancy for October and November set new records due to the demand for camping during the pandemic. Paid site occupancy for the quarter increased 12.3% over the same quarter the previous year. RV storage and towing activity decreased by $17,717, or 3.8% as some storage customers removed their RV’s to use elsewhere during the pandemic. Vending revenue, which includes income from the arcade, restaurant, and laundromat, decreased $4,177, or 17.3%.  This decrease in Vending revenue was due to closures or operational limitations due to COVID-19 regulations.                                                             
  • Seasonal fluctuations within this industry are expected, and management projects that income for the fourth quarter will be approximately 40% of its annual revenue. This approximation is based on historical information.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
8th grade Avg
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Removed: card, electricity, hardesty, labor, level, wayne

Registration and prospectus

No filings