# New Concept Energy, Inc. (GBR)

> Source: Nexqual · https://nexqual.com/GBR · data as of 2026-10-23 19:59 UTC · cite as "Nexqual, New Concept Energy, Inc. (GBR), nexqual.com/GBR" · informational, not investment advice.

**Price:** USD 0.67 (-0.30% on the day) · last close of Oct 23, 2026; US market closed, not a live price. Prev close 0.67 · day 0.66–0.73 · 52w 0.62–1.31 · market cap $4.8M · ASE

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $157K, net income -$88K (-56.1% margin) (SEC filings).
- Insider open-market purchases, last ~7 months: 1 Form 4 filing, $2.0M; 0 by opportunistic insiders, 0 by routine insiders.
- Analysts: None.
- Total return with dividends: 1Y -31.6% vs S&P 500 +13.4%; 5Y -82.3% vs S&P 500 +76.9%.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $101K | $212K | $152K | $146K | $155K | $157K |
| Operating income | -$336K | -$162K | -$243K | -$237K | -$265K | -$294K |
| Net income | $70K | $181K | -$21K | -$18K | -$46K | -$88K |
| EPS (diluted) | $0.01 | $0.04 | -$0.01 | -$0.01 | -$0.01 | — |
| Free cash flow | — | — | $11K | -$84K | — | — |
| Operating margin | -332.7% | -76.4% | -159.9% | -162.3% | -171.0% | -187.3% |
| Net margin | 69.3% | 85.4% | -13.8% | -12.3% | -29.7% | -56.1% |
| Revenue growth | +0.0% | +109.9% | -28.3% | -3.9% | +6.2% | — |
| Cash + short-term investments | $252K | $436K | $447K | $363K | $383K | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/S 30.5x · P/B 1.1x · Earnings yield -1.84%

## Insider purchases (SEC Form 4, open-market, last ~7 months)
1 purchase, $2.0M. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.
| Trade date | Insider | Role | Shares | Value | Avg price | Insider type |
|---|---|---|---|---|---|---|
| 2026-09-29 | Realty Advisors Inc |  | 2,000,000 | $2.0M | 1 | Too little history (no open-market trades in 2023) |
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Analysts
Consensus None.

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-24) | 5Y (from 2021-10-25) |
|---|---|---|
| Total return | -31.6% | -82.3% |
| S&P 500 (SPY) | +13.4% | +76.9% |
| Per year | -31.7% | -29.3% |
| Volatility (annualized) | 71.6% | 61.4% |
| Max drawdown | -43.1% (Mar 2026→Jul 2026) | -83.6% (Nov 2021→Jul 2026) |

## Peers (Real Estate Services)
OPEN (Opendoor Technologies Inc) USD 1.98 -1.98% · CWK (Cushman & Wakefield Ltd.) USD 11.83 -2.23% · NMRK (Newmark Group, Inc.) USD 11.52 -2.54% · IHS (IHS Holding Limited) USD 8.44 -0.12% · CIGI (Colliers International Group In) USD 92.89 -3.70% · FSV (FirstService Corporation) USD 143.67 -2.41%

## More
Full page: https://nexqual.com/GBR · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Revenue by product line (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Rent | $26,000 | 63.4% | +0.0% |
| Management Fee | $15,000 | 36.6% | +7.1% |
| Total revenue | $41,000 | 100% | — |

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter | — | — | — | $0 | — |
| Next quarter | — | — | — | $0 | — |
| Current fiscal year | — | — | — | $0 | — |
| Next fiscal year | — | — | — | $0 | — |