Altitude International, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 12, 2020 at 09:06 am
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Altitude International, Inc. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced operating loss was USD 44,810 compared to USD 519,897 a year ago. Net loss was USD 87,844 compared to USD 572,071 a year ago. Basic eps - continuing operations was USD 0 compared to basic loss per share from continuing operations of USD 0.02 a year ago. For the nine months, sales was USD 1,186 compared to USD 225,602 a year ago. Operating loss was USD 217,774 compared to USD 591,705 a year ago. Net loss was USD 268,563 compared to USD 659,605 a year ago. Basic loss per share from continuing operations was USD 0.01 compared to USD 0.02 a year ago.
Altitude International Holdings, Inc (Altitude) is a vertically integrated high-performance sports, education, and technology company. The Company owns and operates sports training and educational institutions, manufacture oxygen training chambers and manufacture atmospheric water generators. Altitude has specialized in creating engineered, membrane-based designs for simulated altitude training environments. The product line ranges from personal at home use machines to fully integrated environmental rooms and chambers, and has been used by colleges, the National Football League (NFL) and National Basketball Association (NBA). The Company operates in various business divisions through its subsidiaries, mainly within performance training and specialized academic environments. Altitude sports properties consist of Altitude Academies, Altitude Volleyball, CMAS, and NMBA. Altitude Academies provides tennis, golf, soccer, beach volleyball, and indoor volleyball programs.