Quarterly ResultMay 7, 2026, 02:51 PM
New Concept Energy Q1 Net Loss $14K; Revenue $39K
AI Summary
New Concept Energy, Inc. reported a net loss of $14,000 for the first quarter ended March 31, 2026, an improvement from a $20,000 net loss in the prior-year period. Total revenues slightly increased to $39,000, driven by management fees, while corporate general and administrative expenses decreased. The company continues to evaluate new business opportunities and maintains a significant related-party note receivable of $3.542 million.
Key Highlights
- Net loss for Q1 2026 was $14,000, an improvement from $20,000 in Q1 2025.
- Total revenues for Q1 2026 increased to $39,000 from $38,000 in Q1 2025.
- Corporate general and administrative expenses decreased to $77,000 in Q1 2026 from $89,000 in Q1 2025.
- Cash and cash equivalents were $318,000 at March 31, 2026, down from $383,000 at December 31, 2025.
- Net cash used in operating activities was $65,000 in Q1 2026, compared to $30,000 in Q1 2025.
- The company holds a $3.542 million note receivable from a related party, American Realty Investors, Inc.
- Net loss per common share remained at $0.01 for both Q1 2026 and Q1 2025.