Welcome to our dedicated page for New Concep news (Ticker: GBR), a resource for investors and traders seeking the latest updates and insights on New Concep stock.
New Concep (GBR) delivers integrated solutions across information technology, property management, and energy sector advisory services. This news hub provides investors and stakeholders with timely updates on the company's multi-industry operations.
Access official press releases covering strategic initiatives, financial results, and operational developments. Our curated collection includes updates on West Virginia energy partnerships, real estate portfolio expansions, and technology-driven service innovations.
Key content areas include earnings announcements, property acquisition disclosures, energy sector collaborations, and IT infrastructure developments. All materials maintain factual accuracy while avoiding speculative commentary.
Bookmark this page for direct access to New Concep's verified corporate communications. Regularly updated to reflect the company's latest business activities across its core operational sectors.
New Concept Energy, Inc. (NYSE American: GBR) reported a net income of $11,000 for Q4 2022, a turnaround from a net loss of $49,000 in Q4 2021. For the full year, net income rose to $181,000 from $70,000 in 2021. Total revenues remained stable at $101,000 for property rentals, while management fees generated $111,000. Operating expenses decreased to $374,000 in 2022 from $437,000 the previous year. Interest income slightly declined to $212,000, and other income fell to $131,000, impacted by prior year gains. As of December 31, 2022, total assets were $4,639,000, with an accumulated deficit of $59,055,000.
New Concept Energy, Inc. (NYSE American: GBR) reported a net income of $27,000 for Q3 2022, reversing a net loss of $8,000 in Q3 2021. Revenue for the quarter rose to $63,000, driven by $25,000 in rental income and $38,000 in management fees. Interest income remained stable at $53,000. The company's total assets increased to $4,622,000 from $4,455,000 year-over-year, while total current liabilities decreased slightly to $57,000.
New Concept Energy, Inc. (NYSE American: GBR) reported a net income of $137,000 for Q2 2022, up from $49,000 in Q2 2021. Revenue for the quarter totaled $47,000, driven by $26,000 in rental income and $21,000 in management fees. Corporate general and administrative expenses decreased to $80,000 from $111,000 year-over-year, reflecting reduced administrative costs. Additionally, the company recorded $130,000 in other income, including a $68,000 gain from equipment sales. Total assets increased to $4,594,000 as of June 30, 2022.
New Concept Energy, Inc. (GBR) reported its financial results for Q1 2022, posting a net income of $5,000, down from $79,000 in Q1 2021. The company generated revenue of $45,000, primarily from rental income ($25,000) and management fees ($20,000). Current assets increased to $3.9 million, while current liabilities rose to $96,000. Despite showing improvement from a net loss of $34,000 in Q1 2020, the overall performance indicates challenges in revenue generation and operational efficiency.
New Concept Energy, Inc. (NYSE American: GBR) reported its fourth quarter and full-year results for 2021. The Company posted a net loss of $49,000 for Q4, a decrease from a loss of $32,000 in Q4 2020. However, it achieved a net income of $70,000 for the full year, contrasting with a loss of $52,000 in 2020. Revenues remained stable at $101,000, while interest income decreased to $220,000. The Company recorded a gain of $1.968 million from the sale of its oil and gas operation in 2020, contributing to its financial results. Overall, the Company demonstrated improved financial performance year-over-year.
New Concept Energy, Inc. (NYSE American: GBR) reported a net loss of $8,000 for Q3 2021, a stark contrast to a net income of $82,000 in Q3 2020. Rental revenue remained stable at $25,000 for both periods. Although corporate general and administrative expenses decreased to $53,000 from $65,000, the absence of other income and a previous gain of $2,100,000 from discontinued operations significantly impacted the results. As of September 30, 2021, total assets were $4,530,000 with total liabilities at $85,000.
New Concept Energy, Inc. (NYSE American: GBR) reported a net income of $49,000 for the second quarter ended June 30, 2021, recovering from a net loss of $57,000 in the same period of 2020. The company recorded earnings of $0.01 per share compared to a loss of $0.03 per share a year earlier. Total revenues remained stable at $26,000. Corporate general and administrative expenses decreased to $111,000 from $127,000 in 2020. Additionally, the company generated $100,000 in other income from the sale of a previously reserved receivable.
New Concept Energy, Inc. (NYSE American: GBR) reported a net income applicable to common shares of ($79,000) for the first quarter of 2021, compared to a net loss of ($34,000) in Q1 2020. The company achieved net income from continuing operations of $79,000, reversing the net loss from the prior year. Corporate general & administrative expenses decreased from $104,000 in 2020 to $74,000 in 2021, attributed primarily to the absence of consulting fees. Additionally, a tax refund of $91,000 was recorded, while rental revenue remained unchanged at $26,000.
New Concept Energy, Inc. (NYSE American: GBR) reported its fourth quarter and full-year results for 2020. The company recorded a gain of $2.1 million from the sale of its oil and gas operation, despite a net loss of $170,000 from discontinued operations compared to $2.4 million in 2019. Continuing operations saw a net loss of $32,000 in Q4 and $52,000 for the year, down from a profit of $60,000 in 2019. Revenues from real estate rentals slightly increased to $101,000, while general and administrative expenses decreased. The company holds total assets of $4.6 million as of December 31, 2020.
FAQ
What is the current stock price of New Concep (GBR)?
What is the market cap of New Concep (GBR)?
