earnings
confidence high
sentiment negative
materiality 0.30
New Concept Energy reports Q3 net loss of $4,000 vs profit $7,000 a year ago
New Concept Energy, Inc.
2024-Q3 EPS reported
$0.01
revenue$110,000
- Net loss of ($4,000) for Q3 2024 versus net income of $7,000 in Q3 2023; EPS ($0.01) vs $0.01.
- Revenue increased to $37,000 from $35,000, with rental revenue $26,000 and management fees $11,000.
- Corporate G&A expenses rose to $79,000 from $70,000, contributing to operating loss of $56,000.
- Interest income from related parties was $50,000, down from $53,000; total other income $52,000 vs $57,000.