New Concept Energy, Inc. (NYSE American: GBR) reported a net loss from continuing operations of ($18,000) for the three months ended June 30, 2025.
Revenue for the same period was $40,000, with $26,000 from rental income and $14,000 from management fees.
The company's corporate general & administrative expenses for the second quarter of 2025 were $85,000.
Net Loss
Net loss from continuing operations was ($18,000) for Q2 2025 compared to net income of $3,000 in Q2 2024.
Revenue Breakdown
Q2 2025 revenue was $40,000, comprising $26,000 from rental income & $14,000 from management fees.
Expense Increase
Corporate general & administrative expenses rose to $85,000 in Q2 2025 from $78,000 in Q2 2024.
- New Concept Energy, Inc. faced a shift from net income to a net loss in the second quarter of 2025.
- The increase in corporate general & administrative expenses indicates a potential need for cost management strategies.
The second quarter results show a challenging period for New Concept Energy, Inc. with a notable net loss and increased expenses requiring strategic adjustments to improve financial performance.