earnings
confidence high
sentiment negative
materiality 0.30
New Concept Energy reports Q3 2021 net loss of $8,000 on flat rental revenue of $25,000
New Concept Energy, Inc.
- Net loss from continuing operations of $8,000 in Q3 2021 vs net income of $82,000 in Q3 2020 (excluding one-time items).
- Rental revenue flat at $25,000; corporate G&A expenses decreased to $53,000 from $65,000.
- Q3 2020 results included $83,000 tax refund and $2.1M gain from sale of oil and gas business.
- For nine months ended Sept 30, 2021, earnings from continuing operations were $120,000 vs a loss of $8,000.
- Cash and cash equivalents rose to $249k from $27k at Dec 31, 2020.