New Concept Energy, Inc. (NYSE American: GBR) based in Dallas, released its financial results for the second quarter ending June 30, 2025.
The company reported a shift from net income to a net loss from continuing operations compared to the same period in 2024.
Revenue for the quarter increased to $40,000, driven by rental income and management fees.
Net Income Trend
Net income declined from $3,000 in Q2 2024 to a loss of $18,000 in Q2 2025.
Revenue Growth
Revenue increased to $40,000 in Q2 2025 from $37,000 in Q2 2024, fueled by rental income and management fees.
Expenses Comparison
General & administrative expenses rose to $85,000 in Q2 2025 from $78,000 in Q2 2024.
- The shift to a net loss indicates potential challenges for New Concept Energy, Inc. in the current operating environment.
- Revenue growth showcases the company's ability to leverage its assets effectively despite increased expenses.
New Concept Energy's financial performance in Q2 2025 reflects a mix of challenges and growth opportunities, emphasizing the need for strategic cost management and revenue diversification.