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Stock impact report

Barnwell Industries, Inc. Reports Results for its Second Quarter Ended March 31, 2024 [Yahoo! Finance]

Barnwell Industries, Inc. (BRN) 
NASDAQ:AMEX Investor Relations: brninc.com
Company Research Source: Yahoo! Finance
HONOLULU, May 14, 2024 (GLOBE NEWSWIRE) -- Barnwell Industries, Inc. (NYSE American: BRN) today reported financial results for its second fiscal quarter ended March 31, 2024. For the quarter, the Company had revenue of $5,774,000 and a net loss of $1,772,000, $0.18 per share. In the three months ended March 31, 2023, the Company reported quarterly revenue of $5,239,000 and a net loss of $1,237,000, $0.12 per share. Mr. Craig D. Hopkins, Chief Executive Officer of Barnwell, commented “On April 1, 2024, I started in my new role as President and CEO of the Company. I am excited about Barnwell's prospects in Twining and the growth from our investments in that region. I am also confident we can continue to reduce general and administrative expenses through increased focus on our key business. Along with greater investor engagement and a rigorous focus on capital allocation, I hope to make impactful changes to our operations. The Twining oil property continues to perform well, and plans Show less Read more
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