New Concept Energy, Inc. reported its Results of Operations for the second quarter ended June 30, 2025.
The company experienced a net loss from continuing operations of ($18,000) for the three months ended June 30, 2025, compared to a net income of $3,000 for the same period in 2024.
Revenue for the second quarter of 2025 was $40,000, with $26,000 from rental income and $14,000 from management fees, showing growth compared to the previous year.
Net Loss
The company reported a net loss of ($18,000) for the second quarter of 2025, a significant decrease from the same period in 2024.
Revenue Growth
Revenue increased to $40,000 in the second quarter of 2025, driven by higher rental income and management fees.
Expense Comparison
General and administrative expenses were $85,000 for the second quarter of 2025, slightly higher than the previous year.
- The second quarter results show a mixed performance for New Concept Energy, Inc. with a decrease in net income but an increase in revenue.
- The company needs to focus on managing expenses to improve profitability in the future.
In conclusion, New Concept Energy, Inc.'s second quarter results reflect both challenges and opportunities for the company. With a net loss but revenue growth, strategic financial management will be crucial moving forward.