Digitaltown, Inc. Reports Earnings Results for the Second Quarter Ended August 31, 2019
December 02, 2019 at 03:02 pm EST
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DigitalTown, Inc. announced earnings results for the second quarter ended August 31, 2019. For the second quarter, the company announced sales was USD 0 compared to USD 20,047 a year ago. Operating loss was USD 263,007 compared to USD 1.606 million a year ago. Net loss was USD 390,242 compared to USD 2.732 million a year ago. Basic eps - continuing operations was USD 0 compared to basic loss per share from continuing operations of USD 0.02 a year ago. For the half year, sales was USD 50,000 compared to USD 41,972 a year ago. Operating loss was USD 555,687 compared to USD 3.167 million a year ago. Net loss was USD 948,809 compared to USD 4.988 million a year ago. Basic eps - continuing operations was USD 0 compared to basic loss per share from continuing operations of USD 0.05 a year ago.
DigitalTown, Inc. provides turn-key hosted solutions to power a platform for government entities, citizens, and merchants. The Company provides an alternative to multi-national search engines and marketplaces, saving merchants money. The Company's DigitalTown platform helps city officials and local merchants manage a smart city for Web and mobile devices and provides residents and visitors with access to content, community and commerce. The DigitalTown platform supports online and mobile communities. It enables commerce and fulfillment in local communities, thereby helping residents to buy locally while equipping merchants to sell locally. The Company's wholly owned subsidiary is Comencia Inc.
DIGITALTOWN, INC. 
