New Concept Energy, Inc. (NYSE: GBR) reported its financial results for the second quarter of 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 in the same period of 2024.
Revenue for the second quarter of 2025 reached $40,000, driven by $26,000 in rental income and $14,000 in management fees.
Net Loss
The company reported a net loss of ($18,000) for the second quarter of 2025, a significant decrease from the previous year.
Revenue Growth
Revenue increased to $40,000 in Q2 2025, primarily driven by higher rental income and management fees.
Operating Expenses
Corporate general and administrative expenses rose to $85,000 in the second quarter of 2025.
- Despite the increase in revenue, the company faced challenges with a higher net loss compared to the previous year.
- Elevated operating expenses contributed to the overall financial performance for the quarter.
New Concept Energy, Inc.'s second-quarter results reflect a mixed performance with revenue growth but a significant net loss. The increase in operating expenses poses a concern for the company's profitability moving forward.