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New Concept Energy, Inc. Reports First Quarter 2025 Results

1. GBR reported a net loss of $20,000 for Q1 2025. 2. Revenue remained flat at $38,000 for both Q1 2025 and 2024. 3. General and administrative expenses increased to $89,000 compared to $78,000 in 2024. 4. The company's primary income is rental and management fees. 5. NCE operates in real estate and management for oil and gas.

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$0.9205/15 04:39 PM EDTEvent Start
$0.8905/16 10:58 PM EDTLatest Updated
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FAQ

Why Bearish?

A net loss and stagnant revenue signal potential financial distress, mirroring situations seen in other struggling firms. Historically, similar financial performances have led to declines in stock prices.

How important is it?

The financial results are significant for investors assessing GBR's viability. Negative earnings with rising costs suggest caution and potential future losses.

Why Short Term?

Immediate negative financial results affect sentiment quickly, causing rapid stock reactions. Unlike long-term structural changes, current losses could influence market perception and trading dynamics.

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- DALLAS--(BUSINESS WIRE)--New Concept Energy, Inc. (NYSE American: GBR), (the “Company” or “NCE”) a Dallas-based company, today reported Results of Operations for the first quarter ended March 31, 2025. The Company reported a net loss from continuing operations of ($20,000) for three months ended March 31, 2025, as compared to net income of $2,000 for the similar period in 2024. For the three months ended March 31,2025 and 2024 the Company had revenue of $38,000 including $26,000 for rental income and $12,000 in management fees. For the three months ended March 31, 2025, corporate general & administrative expenses were $89,000 as compared to $78,000 for the comparable period in 2024. About New Concept Energy, Inc. New Concept Energy, Inc. is a Dallas-based company which owns real estate in West Virginia and provides management services for a third-party oil and gas company. For more information, visit the Company’s website at www.newconceptenergy.com. More News From New Concept Energy, Inc.

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