Digital Locations, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 02, 2023 at 04:23 pm
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Digital Locations, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 0.003393 million compared to USD 0.004872 million a year ago. Net loss was USD 1.36 million compared to USD 0.64113 million a year ago. Basic loss per share from continuing operations was USD 0.0018 compared to USD 0.0013 a year ago. Diluted loss per share from continuing operations was USD 0.0018 compared to USD 0.0013 a year ago.
For the nine months, sales was USD 0.016373 million compared to USD 0.016398 million a year ago. Net loss was USD 2.43 million compared to net income of USD 1.38 million a year ago. Basic loss per share from continuing operations was USD 0.0035 compared to basic earnings per share from continuing operations of USD 0.0036 a year ago. Diluted loss per share from continuing operations was USD 0.0035.
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. 
