New Concept Energy Q1 net income rises to $17,000 from $5,000 YoY

New Concept Energy, Inc.

2024-Q1 EPS reported $0.01 revenue$45,000

Net income applicable to common shares: $17,000 for Q1 2023 vs $5,000 for Q1 2022.
Revenue of $45,000, consisting of $25,000 rental income and $20,000 management fees.
Corporate G&A expenses decreased to $68,000 from $80,000 in prior-year quarter.
Interest income unchanged at $52,000 for both periods.

item 2.02 item 9.01

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 first quarter ended March 31, 2023 results: revenue $45,000, net income $17,000.

Period: first quarter ended March 31, 2023
Revenue: $45,000
Net income: $17,000
Result: reported results

Exact text from the filing

During the three months ended March 31, 2023, the Company reported a net income applicable to common shares for the three months ended March 31,2022 of $17,000, compared to net income of $5,000 for the three months ended March 31, 2022. For the three months ended March 31, 2023 and 2022 the Company had revenue of $45,000 including $25,000 for rental income and $20,000 in management fees.

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Source: SEC EDGAR

accession 0001214659-23-007531

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