New Concept Energy posts Q2 net loss of $6K vs $138K income a year ago

New Concept Energy, Inc.

2023-Q2 EPS reported $0.01 revenue$80,000

Q2 2023 revenue fell to $35K ($26K rent + $9K mgmt fees) from $47K in Q2 2022.
Net loss of $6K (EPS -$0.01) vs net income of $138K ($0.02) in Q2 2022.
Q2 2023 operating expenses of $95K vs $93K prior year; no major changes.
Prior-year income included $62K investment recovery and $68K equipment gain.

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 0.95

New Concept Energy, Inc. reported second quarter ended June 30, 2023 results: revenue $35,000, net income net loss of $6,000, EPS $(0.01).

Period: second quarter ended June 30, 2023
Revenue: $35,000
Net income: net loss of $6,000
EPS: $(0.01)
Result: reported results

Exact text from the filing

During the three months ended June 30, 2023, the Company reported a net loss of $6,000 compared to a net income of 138,000 for the three months ended June 30, 2022. For the three months ended June 30, 2023 the Company had revenue of $35,000 including $26,000 for rental income and $9,000 for management fees as compared to rental income of $26,000 and management fee of $21,000 for the comparable period in 2022.

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New Concept Energy, Inc. filing history →

Source: SEC EDGAR

accession 0001214659-23-010910

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