New Concept Energy reports Q4 2023 net loss of $39K; full year net loss $21K

New Concept Energy, Inc.

2024-Q1 EPS reported $0.01 revenue$36,000

Q4 2023 net loss of $39,000 vs net income of $11,000 in Q4 2022.
Full year 2023 net loss of $21,000 vs net income of $181,000 in 2022.
Management fee revenue fell to $51,000 from $111,000 due to lower oil and gas prices.
Interest income increased to $222,000 in 2023 from $212,000 in 2022.

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 1.0

New Concept Energy, Inc. reported the full year ended December 31, 2023 results: revenue $101,000 in 2023, net income net loss of $21,000.

Period: the full year ended December 31, 2023
Revenue: $101,000 in 2023
Net income: net loss of $21,000
Result: reported results

Exact text from the filing

New Concept Energy, Inc. Reports Fourth Quarter and Full Year 2023 Results Dallas (April 1, 2024) New Concept Energy, Inc. (NYSE American: GBR), (the “Company” or “NCE”) a Dallas-based company, today reported Results of Operations for the fourth quarter and the full year ended December 31, 2023.

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New Concept Energy, Inc. filing history →

Source: SEC EDGAR

accession 0001214659-24-006148

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