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New Concept Energy, Inc. ( New Concept, NCE or the Company or we or us ) was incorporated in Nevada on May 31, 1991, under the name Medical Resource Companies of America, Inc. The Company is the successor-by-merger to Wespac Investors Trust, a California business trust that began operating in 1982.
The business is unprofitable at the operating level (-170.97% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue grew 6.2%, steady but not accelerating. Margins contracted 8.6pp, which offsets some of the top-line progress.
Operating margin contracted 8.6pp YoY, cost discipline may be slipping.
Profitability & Returns
Revenue (TTM)
$156K
▲ +6.2% YoY
Net Income (TTM)
-$40K
▼ -155.6% YoY
Op. Margin
-162.18%
▼ -8.6pp YoY
ROIC
-4.45%
▼ -0.5pp YoY
Cash Flow & Balance Sheet
FCF
N/A
Op. Cash Flow (TTM)
-$15K
▲ +131.3% YoY
Net Debt
-$318K
Net Cash Position
Cash & Equiv.
$318K
5Y CAGR: +8.9%
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