earnings
confidence high
sentiment neutral
materiality 0.25
New Concept Energy reports Q2 net income of $3,000 vs $6,000 loss a year ago
New Concept Energy, Inc.
2024-Q2 EPS reported
$0.01
revenue$73,000
- Net income for Q2 2024 was $3,000, compared to a net loss of $6,000 in Q2 2023.
- Revenue increased to $37,000 from $35,000, with rental income of $25,000 and management fees of $12,000.
- Corporate G&A expenses decreased to $78,000 from $81,000 year-over-year.
- Interest income rose to $56,000 from $54,000.
- Cash and cash equivalents were $416,000 at June 30, 2024, down from $447,000 at Dec 31, 2023.