Decentral Life, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 14, 2022 at 04:07 pm EST
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Decentral Life, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported revenue was USD 0.511638 million compared to USD 0.084889 million a year ago. Net income was USD 0.487781 million compared to net loss of USD 0.017733 million a year ago.
For the nine months, revenue was USD 0.651638 million compared to USD 0.237389 million a year ago. Net income was USD 0.496727 million compared to net loss of USD 1.98 million a year ago.
Decentral Life, Inc. provides technology business incubator (TBI). The Company operates through individual software as a service (SaaS) licensing agreements with its TBI participating companies and provides each TBI company with the use of its technology platform to run their own social networking and ecommerce company. Various industry specific companies participate and operate in its TBI program, such as the hunting, fishing, camping, RV travel, motor racing, racket sports, boating, e-biking, cycling, golfing, cannabis, hemp, space exploration, soccer, transportation, blockchain, artificial intelligent (AI), and residential real estate sectors. The Company offers WDLF token. Its WDLF Ethereum tokens (ERC20) are mined by the users of its technology platform that is licensed by companies in its TBI program. The Company operates and supports the ongoing technology development of its platform, used by consumers and companies across 120 countries worldwide.