New Concept Energy, Inc. (NYSE American: GBR) reported its financial results for the second quarter ended June 30, 2025.
The company experienced a net loss from continuing operations of $18,000 for the quarter, contrasting with a net income of $3,000 for the same period in 2024.
Revenue for the quarter reached $40,000, driven by $26,000 in rental income and $14,000 in management fees.
Net Loss
A notable decrease from the previous year, with a net loss of $18,000 compared to a net income of $3,000 in 2024.
Revenue Sources
The company's revenue primarily came from $26,000 in rental income and $14,000 in management fees for the second quarter of 2025.
Expenses
Corporate general & administrative expenses increased slightly to $85,000 compared to $78,000 in the same period last year.
- The decline in net income highlights challenges faced by New Concept Energy, Inc. in the current operating environment.
- Increased general & administrative expenses may impact the company's overall profitability and financial health.
New Concept Energy, Inc. faces financial challenges as indicated by the decrease in net income and the rise in general & administrative expenses. The company needs to focus on cost management and revenue optimization to improve its financial performance in the future.