8-K
filed April 3, 2023, 7:59 PM ET
ticker GBR
CIK 0000105744
earnings
confidence high
sentiment positive
materiality 0.60
New Concept Energy Q4 net income $11k vs loss of $49k; FY net income $181k vs $70k
New Concept Energy, Inc.
2024-Q1 EPS reported
$0.01
revenue$45,000
- Q4 2022 net income $11,000 compared to a net loss of $49,000 in Q4 2021.
- Full year 2022 net income $181,000 versus $70,000 in 2021.
- Rental revenue steady at $101,000; new revenue of $111,000 from managing oil & gas operations.
- Operating expenses fell: real estate opex $57,000 (vs $77,000) and G&A $317,000 (vs $360,000).
- Other income included $63,000 from a previously reserved investment and $68,000 gain on equipment sale.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
New Concept Energy, Inc. reported the three months ended December 31, 2022 results: net income $11,000.
- Period
- the three months ended December 31, 2022
- Net income
- $11,000
- Result
- reported results
Exact text from the filing
During the three months ended December 31, 2022 the Company reported a net income of $11,000 compared to a net loss of $49,000 for the same period ended December 31, 2021.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
New Concept Energy, Inc. reported the full year ended December 31, 2022 results: net income $181,000.
- Period
- the full year ended December 31, 2022
- Net income
- $181,000
- Result
- reported results
Exact text from the filing
For the full year ended December 31, 2022 the Company reported net income of $181,000 compared to net income of $70,000 for the same period ended December 31, 2021.
View on SEC.gov
This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice.
See methodology for how this pipeline works.