Enterprise Diversified, Inc. Reports Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2018
August 14, 2018 at 04:02 pm EDT
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Enterprise Diversified, Inc. reported consolidated earnings results for the second quarter and six months ended June 30, 2018. For the quarter, the company's revenues were $1,442,899 and comprehensive loss was $396,571.
For the six months, the company's revenues were $2,908,842 and comprehensive loss was $769,390.
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.