Digital Locations, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 14, 2023 at 09:29 am
Share
Digital Locations, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 0.008008 million compared to USD 0.005672 million a year ago. Net loss was USD 1.27 million compared to net income of USD 1.65 million a year ago. Basic loss per share from continuing operations was USD 0.0017. Diluted loss per share from continuing operations was USD 0.0017.
For the six months, sales was USD 0.01298 million compared to USD 0.011526 million a year ago. Net loss was USD 1.07 million compared to net income of USD 2.03 million a year ago. Basic loss per share from continuing operations was USD 0.0016 compared to basic earnings per share from continuing operations of USD 0.01 a year ago. Diluted loss per share from continuing operations was USD 0.0016.
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 Comapny's wholly owned subsidiary is SmallCellSite.com LLC.
DIGITAL LOCATIONS, INC. 
