New Concept Energy, Inc. (NYSE American: GBR) announced its Results of Operations for the second quarter ending June 30, 2025.
The company reported a net loss from continuing operations of ($18,000) for the period compared to a net income of $3,000 in the same period of 2024.
Revenue for the second quarter of 2025 totaled $40,000, with $26,000 from rental income and $14,000 from management fees.
Net Income Comparison
A significant decrease in net income from $3,000 in Q2 2024 to a loss of ($18,000) in Q2 2025.
Revenue Breakdown
Rental income and management fees contributed to the total revenue of $40,000 in Q2 2025.
Expense Analysis
Corporate general & administrative expenses increased to $85,000 in Q2 2025 compared to $78,000 in Q2 2024.
- The decrease in net income signals potential challenges in the company's operations compared to the previous year.
- Higher corporate general & administrative expenses indicate increased operating costs that may impact profitability in the future.
New Concept Energy faces a challenging financial quarter with a notable drop in net income and increased expenses. Monitoring cost management and revenue generation will be crucial for future performance and sustainability.