Filing Flows › New Concept Energy (GBR) › Q4 2024
New Concept Energy (GBR) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 24, 2025
New Concept Energy (GBR) reported revenue of $36K for the fourth quarter 2024 (Q4 2024), -3% from a year earlier and -3% from the quarter before. Operating margin was -202.8%, net loss $19K (52.8% of revenue).
New Concept Energy, Q4 2024: revenue $36K (-3% year over year), operating margin -202.8%, net loss $19K, operating cash flow −$47K. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $36K | -3% | -3% |
| Operating profit | −$73K | — | — |
| Net earnings | −$19K | — | — |
| Operating cash flow | −$47K | — | — |
What changed
Revenue was $36K in Q4 2024, down 3% year over year and down 3% from the previous quarter. Rent was the largest line at 69% of revenue.
Operating costs exceeded revenue by $73K, an operating margin of -202.8%. Total costs fell 19% while revenue fell 3%. The quarter ended with a net loss of $19K, wider than the previous quarter's $4K loss. Non-operating items added $54K, -284% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$47K. Non-cash charges added back $3K of depreciation and amortization. Working capital and other items used $31K.
Questions
What was New Concept Energy's revenue in the fourth quarter 2024?
New Concept Energy (GBR) reported revenue of $36K for the fourth quarter 2024 (Q4 2024), -3% from a year earlier and -3% from the quarter before.
Was New Concept Energy profitable in the fourth quarter 2024?
Operating loss was $73K (-202.8% of revenue) and net loss $19K.
Source: New Concept Energy 10-K on SEC EDGAR.