Enterprise Diversified, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 13, 2020 at 04:07 pm EST
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Enterprise Diversified, Inc. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced total revenue was USD 1.865 million compared to USD 125,445 a year ago. Operating income was USD 1.427 million compared to operating loss of USD 266,996 a year ago. Net income was USD 1.430 million compared to net loss of USD 286,240 a year ago. Basic earnings per share was USD 0.55 compared to basic loss per share of USD 0.11 a year ago. Basic earnings per share from continuing operations was USD 0.55 compared to basic loss per share from continuing operations of USD 0.1 a year ago. For the nine months, total revenue was USD 2.091 million compared to USD 2.566 million a year ago. Operating income was USD 538,777 compared to USD 509,154 a year ago. Net income was USD 561,250 compared to net loss of USD 5.544 million a year ago. Basic earnings per share was USD 0.22 compared to basic loss per share of USD 2.18 a year ago. Basic earnings per share from continuing operations was USD 0.21 compared to basic loss per share from continuing operations of USD 1.61 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. 
