Enterprise Diversified, Inc. Reports Earnings Results for the Full Year Ended December 31, 2019
March 30, 2020 at 04:20 pm
Share
Enterprise Diversified, Inc. announced earnings results for the full year ended December 31, 2019. For the full year, the company announced total revenue was USD 3.589 million compared to USD 1.332 million a year ago. Operating income was USD 701,319 compared to operating loss of USD 1.969 million a year ago. Net loss was USD 5.378 million compared to USD 3.840 million a year ago. Basic loss per share was USD 2.11 compared to USD 1.56 a year ago. Basic loss per share from continuing operations was USD 1.52 compared to USD 1.34 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. 
