New Concept Energy, Inc. (NYSE American: GBR) announced its financial results for the second quarter of 2025.
The company reported 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 was $40,000, with $26,000 from rental income and $14,000 from management fees.
Financial Performance
Net loss of ($18,000) in Q2 2025, a significant decline from $3,000 income in Q2 2024.
Revenue Streams
$26,000 from rental income and $14,000 from management fees in Q2 2025.
Operating Expenses
Increased corporate general & administrative expenses to $85,000 in Q2 2025 from $78,000 in Q2 2024.
- The company's net income shift from profit to loss indicates challenges in the current operational environment.
- Increased expenses may require strategic cost management to improve financial performance in the upcoming quarters.
New Concept Energy, Inc. faced a challenging second quarter with a notable decline in net income. The company needs to focus on addressing cost inefficiencies to restore profitability in the future quarters.