Mentor Capital, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 13, 2020 at 02:13 pm
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Mentor Capital, Inc. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced total revenue was USD 1.231 million compared to USD 1.071 million a year ago. Operating loss was USD 414,979 compared to USD 309,547 a year ago. Net loss was USD 273,955 compared to USD 336,816 a year ago. Basic loss per share from continuing operations was USD 0.012 compared to USD 0.015 a year ago. For the nine months, total revenue was USD 3.539 million compared to USD 3.177 million a year ago. Operating loss was USD 856,578 compared to USD 1.452 million a year ago. Net loss was USD 705,910 compared to USD 3.151 million a year ago. Basic loss per share from continuing operations was USD 0.031 compared to USD 0.136 a year ago.
Mentor Capital, Inc. is a public energy company. The Company targets the classic energy sectors of oil and gas, coal, uranium, and their related operations, with already established cash flows, especially through royalty payments. Its classic energy segment includes the fair value of securities investments in oil and gas through Exxon Mobil Corp. (XOM) stock, Occidental Petroleum Corp. (OXY) stock, and Chevron Corp. (CVX) stock, uranium through Cameco Corp. (CCJ) stock, and coal through Arch Resources, Inc. (ARCH) stock. It maintains a diverse and opportunistic acquisition focus. It also invests in its larger pre-initial public offering (IPO)-related acquisitions and fundings. Its subsidiaries include Mentor IP, LLC (MCIP), Mentor Partner I, LLC, (Partner I), Mentor Partner II, LLC (Partner II), and TWG, LLC (TWG).
MENTOR CAPITAL, INC. 
