Enterprise Diversified, Inc. Reports Earnings Results for the Full Year Ended December 31, 2018
April 01, 2019 at 04:28 pm EDT
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Enterprise Diversified, Inc. announced earnings results for the full year ended December 31, 2018. For the full year, the company announced total revenue was USD 4.410 million compared to USD 9.094 million a year ago. Operating loss was USD 2.131 million compared to operating Income of USD 2.010 million a year ago. Net loss was USD 3.840 million compared to net income of USD 2.141 million a year ago. Basic loss per share from continuing operations was USD 1.56 compared to basic earnings per share from continuing operations of USD 0.97 a year ago.
Enterprise Diversified, Inc. is focused primarily on financial products and services. The Company operates through four segments: Asset Management Operations, Real Estate Operations, Internet Operations and Other Operations. Asset Management Operations segment includes activities from various joint ventures, service offerings and initiatives undertaken in the asset management industry. Real Estate Operations segment includes activities related to the management of legacy properties held for investment and held for resale through EDI Real Estate located in Roanoke, Virginia, and its equity in Mt Melrose, LLC, which managed properties held for investment and held for resale located in Lexington, Kentucky. Internet Operations segment activities related to its sale of Internet access, hosting, storage and other ancillary services. Other Operations segment include corporate operations and nonrecurring or one-time strategic funding or similar other activity.
ENTERPRISE DIVERSIFIED, INC. 