Enterprise Diversified, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2019
August 12, 2019 at 05:02 pm
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Enterprise Diversified, Inc. announced earnings results for the second quarter ended June 30, 2019. For the second quarter, the company announced total revenue was USD 1.073 million compared to USD 423,232 a year ago. Operating income was USD 145,942 compared to operating loss of USD 326,787 a year ago. Net loss was USD 4.992 million compared to USD 254,183 a year ago. Basic loss per share from continuing operations was USD 1.96 compared to USD 0.11 a year ago. For the half year, total revenue was USD 2.440 million compared to USD 1.263 million a year ago. Operating income was USD 776,150 compared to operating loss of USD 451,987 a year ago. Net loss was USD 4.619 million compared to USD 397,555 a year ago. Basic loss per share from continuing operations was USD 1.82 compared to USD 0.17 a year ago. Diluted loss per share from continuing operations was USD 1.82 compared to USD 0.16 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. 
