Digital Locations, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 13, 2020 at 11:36 am
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Digital Locations, Inc. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced operating loss was USD 79,562 compared to USD 94,682 a year ago. Net loss was USD 971,668 compared to USD 62,444 a year ago. Basic loss per share was USD 0.06 compared to USD 0.28 a year ago. Basic loss per share from continuing operations was USD 0.06 compared to basic earnings per share from continuing operations of USD 0.11 a year ago. Diluted loss per share from continuing operations was USD 0.06. For the half year, operating loss was USD 172,910 compared to USD 196,788 a year ago. Net loss was USD 1.347 million compared to net income of USD 2.720 million a year ago. Basic loss per share was USD 0.12 compared to basic earnings per share of USD 13.28 a year ago. Diluted loss per share was USD 0.12 compared to diluted earnings per share of USD 0.18 a year ago. Basic loss per share from continuing operations was USD 0.12 compared to basic earnings per share from continuing operations of USD 14.28 a year ago. Diluted loss per share from continuing operations was USD 0.12 compared to diluted earnings per share from continuing operations of USD 0.19 a year ago.
Digital Locations, Inc. is engaged in the development of Satenna, a technology that delivers high-speed Internet from satellites directly to smartphones all over the world. Satenna enables device manufacturers, wireless carriers, and satellite operators to offer high-speed Internet service from satellites directly to smartphones, with no dead zones and no cell towers. Satenna feature a novel antenna solution that can dynamically and intelligently adjust for satellite positions, phase angle, beam forming, various satellite frequencies and user conditions, such as physical interference and obstructions. The Company's wholly owned subsidiary is SmallCellSite.com LLC.
DIGITAL LOCATIONS, INC. 
