New Concept Energy, Inc. reported Results of Operations for the second quarter ended June 30, 2025.
The company reported a net loss from continuing operations of ($18,000) compared to net income of $3,000 for the same period in 2024.
Revenue for the quarter ended June 30, 2025, was $40,000, with $26,000 from rental income and $14,000 from management fees.
Corporate general & administrative expenses were $85,000 for the quarter ended June 30, 2025, compared to $78,000 for the same period in 2024.
Interest income for the quarter ended June 30, 2025, was $42,000 compared to $56,000 in 2024.
Net Loss
The company reported a net loss of ($18,000) from continuing operations in the second quarter of 2025.
Revenue Breakdown
Revenue for the quarter included $26,000 from rental income and $14,000 from management fees.
Expenses Increase
Corporate general & administrative expenses rose to $85,000 in the second quarter of 2025.
Interest Income Decrease
Interest income decreased to $42,000 in the second quarter of 2025.
- The company's financial performance in the second quarter showed a net loss from continuing operations, indicating challenges in profitability.
- Revenue increased slightly compared to the same period last year, driven by rental income and management fees.
- Expenses also rose, particularly in corporate general & administrative expenses, impacting the overall bottom line.
- The decrease in interest income suggests a potential shift in investment strategies or market conditions affecting returns.
In conclusion, New Concept Energy Inc.'s second quarter 2025 results reflect a mixed financial performance with a net loss and increased expenses. The company's revenue growth from rental income is a positive sign, but careful expense management and investment strategies are crucial moving forward.