New Concept Energy, Inc. Reports Third Quarter 2024 Results
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New Concept Energy, Inc. (NYSE American: GBR) reported a net loss of $4,000 for Q3 2024, compared to a net income of $7,000 in Q3 2023. The company's revenue for the quarter was $37,000, with $26,000 from rental revenue.
November 13, 2024 | 10:00 pm
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NEGATIVE IMPACT
New Concept Energy reported a net loss of $4,000 for Q3 2024, a decline from a net income of $7,000 in Q3 2023. Revenue was $37,000, with $26,000 from rental revenue.
The company's financial performance has deteriorated, moving from a net income to a net loss year-over-year. This negative earnings report is likely to impact investor sentiment and could lead to a short-term decline in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100