New Concept Energy Q1 net income $2,000 (down 88%); revenue $36,000

New Concept Energy, Inc.

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

Net income for Q1 2024 was $2,000 (diluted EPS $0.00), down from $17,000 in Q1 2023.
Revenue decreased to $36,000 ($25,000 rental income, $11,000 management fees) from $45,000.
Corporate G&A expenses increased to $78,000 from $68,000 in the prior year period.
Interest income was $57,000, compared to $52,000 in Q1 2023.

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 the first quarter ended March 31, 2024 results: revenue $36,000, net income $2,000.

Period: the first quarter ended March 31, 2024
Revenue: $36,000
Net income: $2,000
Result: reported results

Exact text from the filing

common shares of $2,000, compared to net income of $17,000 for the three months ended March 31, 2023. For the three months ended March 31,2024 the Company had revenue of $36,000 including $25,000 for rental income and $11,000 in management fees. Revenue for the three months ended March 31,2023 was $45,000. For the three months ended March 31, 2024,

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Source: SEC EDGAR

accession 0001214659-24-009482

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