Digital Locations, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 13, 2020 at 07:13 pm
Share
Digital Locations, Inc. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced operating loss was USD 77,412 compared to USD 448,003 a year ago. Net income was USD 50,456 compared to net loss of USD 458,058 a year ago. Basic eps was USD 0 compared to basic loss per share of USD 1.13 a year ago. Basic eps - continuing operations was USD 0 compared to basic loss per share from continuing operations of USD 0.97 a year ago. For the nine months, operating loss was USD 250,322 compared to USD 644,790 a year ago. Net loss was USD 1.296 million compared to net income of USD 2.262 million a year ago. Basic loss per share was USD 0.03 compared to basic earnings per share of USD 8.32 a year ago. Diluted loss per share was USD 0.03 compared to diluted earnings per share of USD 0.14 a year ago. Basic loss per share from continuing operations was USD 0.03 compared to basic earnings per share from continuing operations of USD 9.31 a year ago. Diluted loss per share from continuing operations was USD 0.03 compared to diluted earnings per share from continuing operations of USD 0.15 a year ago.
Digital Locations, Inc. is engaged in the development of Satenna, a technology that delivers high-speed Internet from satellites directly to smartphones all over the world. Satenna enables device manufacturers, wireless carriers, and satellite operators to offer high-speed Internet service from satellites directly to smartphones, with no dead zones and no cell towers. Satenna feature a novel antenna solution that can dynamically and intelligently adjust for satellite positions, phase angle, beam forming, various satellite frequencies and user conditions, such as physical interference and obstructions. The Company's wholly owned subsidiary is SmallCellSite.com LLC.
DIGITAL LOCATIONS, INC. 
