Social Life Network, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 16, 2020 at 09:20 am EST
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Social Life Network, Inc. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced total revenue was USD 69,583 compared to USD 18,208 a year ago. Operating loss was USD 11,490 compared to USD 318,701 a year ago. Net loss was USD 28,410 compared to USD 770,329 a year ago. Basic eps - continuing operations was USD 0 compared to basic loss per share from continuing operations of USD 0.01 a year ago. For the nine months, total revenue was USD 210,938 compared to USD 176,893 a year ago. Operating loss was USD 279,109 compared to USD 3.183 million a year ago. Net loss was USD 352,190 compared to USD 3.678 million a year ago. Basic eps - continuing operations was USD 0 compared to basic loss per share from continuing operations of USD 0.03 a year ago.
Decentral Life, Inc. provides technology business incubator (TBI). The Company operates through individual software as a service (SaaS) licensing agreements with its TBI participating companies and provides each TBI company with the use of its technology platform to run their own social networking and ecommerce company. Various industry specific companies participate and operate in its TBI program, such as the hunting, fishing, camping, RV travel, motor racing, racket sports, boating, e-biking, cycling, golfing, cannabis, hemp, space exploration, soccer, transportation, blockchain, artificial intelligent (AI), and residential real estate sectors. The Company offers WDLF token. Its WDLF Ethereum tokens (ERC20) are mined by the users of its technology platform that is licensed by companies in its TBI program. The Company operates and supports the ongoing technology development of its platform, used by consumers and companies across 120 countries worldwide.