Enterprise Diversified, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 12, 2021 at 04:01 pm EST
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Enterprise Diversified, Inc. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was USD 1.03 million compared to USD 1.87 million a year ago. Revenue was USD 1.03 million compared to USD 1.87 million a year ago. Net loss was USD 0.022771 million compared to net income of USD 1.43 million a year ago. Basic loss per share from continuing operations was USD 0.01 compared to basic earnings per share from continuing operations of USD 0.55 a year ago. Diluted loss per share from continuing operations was USD 0.01 compared to diluted earnings per share from continuing operations of USD 0.55 a year ago. Basic loss per share was USD 0.01 compared to basic earnings per share of USD 0.55 a year ago. Diluted loss per share was USD 0.01 compared to diluted earnings per share of USD 0.55 a year ago.
For the nine months, sales was USD 5.58 million compared to USD 2.09 million a year ago. Revenue was USD 5.58 million compared to USD 2.09 million a year ago. Net income was USD 4.11 million compared to USD 0.56125 million a year ago. Basic earnings per share from continuing operations was USD 1.55 compared to USD 0.21 a year ago. Diluted earnings per share from continuing operations was USD 1.55 compared to USD 0.21 a year ago. Basic earnings per share was USD 1.55 compared to USD 0.22 a year ago. Diluted earnings per share was USD 1.55 compared to USD 0.22 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.