Enterprise Diversified, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 07, 2020 at 03:43 pm EDT
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Enterprise Diversified, Inc. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced total revenue was USD 1.530 million compared to USD 1.073 million a year ago. Operating income was USD 1.098 million compared to USD 145,942 a year ago. Net income was USD 1.101 million compared to net loss of USD 5.631 million a year ago. Basic earnings per share was USD 0.42 compared to basic loss per share of USD 2.21 a year ago. Basic earnings per share from continuing operations was USD 0.42 compared to basic loss per share from continuing operations of USD 1.71 a year ago. For the half year, total revenue was USD 226,082 compared to USD 2.440 million a year ago. Operating loss was USD 888,458 compared to operating Income of USD 776,150 a year ago. Net loss was USD 869,703 compared to USD 5.257 million a year ago. Basic loss per share was USD 0.34 compared to USD 2.07 a year ago. Basic loss per share from continuing operations was USD 0.34 compared to USD 1.51 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. 
