Enterprise Diversified, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2019
November 08, 2019 at 04:38 pm EST
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Enterprise Diversified, Inc. announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced total revenue was USD 125,445 compared to USD 859,958 a year ago. Operating loss was USD 266,996 compared to operating Income of USD 61,672 a year ago. Net loss was USD 286,240 compared to net income of USD 29,583 a year ago. Basic loss per share from continuing operations was USD 0.11 compared to Basic EPS - Continuing Operations of USD 0 a year ago. For the nine months, total revenue was USD 2.566 million compared to USD 2.123 million a year ago. Operating income was USD 509,154 compared to operating loss of USD 390,308 a year ago. Net loss was USD 4.905 million compared to USD 367,975 a year ago. Basic loss per share from continuing operations was USD 1.93 compared to USD 0.15 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. 