New Concept Energy, Inc. (NYSE: GBR) reported its financial Results of Operations 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.
Revenue for the same period was $40,000, with $26,000 from rental income and $14,000 from management fees.
Net Loss
Net loss from continuing operations for the quarter amounted to ($18,000), indicating a deterioration compared to the same period in 2024.
Revenue Growth
Revenue increased to $40,000 in the second quarter of 2025, driven by growth in rental income and management fees.
Expenses Comparison
Corporate general & administrative expenses rose to $85,000 in Q2 2025 compared to $78,000 in the same period in 2024.
- The increase in revenue demonstrates the company's ability to drive income streams from its real estate and management services operations.
- Higher expenses indicate potential challenges in cost management that may require attention in future quarters.
New Concept Energy faced a challenging second quarter with a net loss, despite revenue growth. The focus may now shift to cost-efficiency measures to improve future financial performance.