New Era Energy & Digital (NUAI) 10-K Summary — Year Ended Dec 31, 2024
New Era Energy & Digital, Inc. is an exploration and production company transitioning from hydrocarbons to helium. The company reported a decline in revenue and significant operating and net losses for the period.
Key takeaway
Year ended Dec 31, 2024 · FY2025 10-K
New Era Energy & Digital, Inc. is an exploration and production company transitioning from hydrocarbons to helium. The company reported a decline in revenue and significant operating and net losses for the period.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$532.8K
Revenue reported for the fiscal year.
Operating income
-$12.7M
Income from operations reported for the year.
Net income
-$13.8M
Net income reported for the year.
Operating cash flow
-$5.3M
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2023 | $612.2K | n/a |
| Dec 31, 2024 | $532.8K | -13.0% |
Business overview
The company explores, develops, and produces helium, natural gas, oil, and natural gas liquids, primarily in Chaves County, New Mexico. It currently generates revenue from hydrocarbons but is shifting focus to helium, targeting sales to helium majors, tier-2 gas companies, and balloon gas distributors. To date, no revenue has been generated from helium production.
Financial performance
Revenue decreased compared to the prior period. Operating income and net income were negative, and operating cash flow was also negative, reflecting ongoing losses.
Material risks
The filing identifies numerous risks including the company's ability to operate effectively, manage expenses, compete in a evolving industry, adapt to technology changes, and protect intellectual property. Actual results may differ materially from forward-looking statements due to these uncertainties.
Liquidity and capital
The liquidity and capital resources section discusses forward-looking statements and risks but does not provide specific capital allocation plans or detailed liquidity position.
What to watch
Whether the company begins generating revenue from helium production in the next reporting period.