Revenue at Palm Coast’s largest private-sector employer declined to $73.6 million, from $92 million the previous year. The company’s revenue has dropped 40 percent in four years.
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Palm Coast Data Lays Off Dozens and Loses Large NRA Membership Services Account
The NRA account represented 5 million members and a lucrative source of income. The loss compounds other losses in magazine titles that are either closing or migrating to other fulfillment companies.
Cancel This Subscription: Palm Coast Data Revenue Plummets Another 21% in 3Q
Palm Coast Data revenue fell $15.7 million in the last nine months, compared with the same period a year earlier as trouble for the company and its parent, Amrep, continue.
Palm Coast Data Parent’s Headaches: Diving Revenue and $22.5 Million Loan Due
At Palm Coast Data, revenue declined $10.9 million in the six months ending Oct. 31, a 22 percent decline from the same period last year. Palm Coast Data parent AMREP Corp.’s Southwest subsidiary owes a $22.5 million loan to be repaid on Dec. 16.
Palm Coast Data’s Invitation-Only Picnic: Hot Dogs, Flattery and Suspended Disbelief
Half Palm Coast and the county’s elected officials and top administrators were invited to Palm Coast Data’s picnic. The public wasn’t. That’s not the main problem.
