earnings
confidence high
sentiment negative
materiality 0.20
New Concept Energy reports Q1 net income of $5,000, down from $79,000 YoY
New Concept Energy, Inc.
- Net income applicable to common shares $5,000 vs $79,000 in Q1 2021.
- Total revenue $45,000 ($25,000 rent, $20,000 management fees) up from $26,000.
- EPS of $0.01 per share, flat YoY.
- Current assets $3.9M, current liabilities $96,000; no debt outstanding.
- Operating loss widened to $47,000 from $66,000 YoY.