Enterprise Diversified, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2020
May 08, 2020 at 04:38 pm EDT
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Enterprise Diversified, Inc. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced negative total revenue was USD 1.304 million compared to total Revenue of USD 1.367 million a year ago. Operating loss was USD 1.987 million compared to operating Income of USD 630,202 a year ago. Net loss was USD 1.971 million compared to net income of USD 373,769 a year ago. Basic loss per share was USD 0.76 compared to basic earnings per share of USD 0.15 a year ago. Basic loss per share from continuing operations was USD 0.77 compared to basic earnings per share from continuing operations of USD 0.2 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. 
