Digitaltown, Inc. Reports Earnings Results for the Third Quarter Ended November 30, 2018
January 30, 2019 at 12:47 pm EST
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DigitalTown, Inc. announced earnings results for the third quarter ended November 30, 2018. For the third quarter, the company announced sales was USD 30,104 compared to USD 142,903 a year ago. Operating loss was USD 1.668 million compared to USD 1.398 million a year ago. Net loss was USD 1.785 million compared to USD 1.526 million a year ago. Basic loss per share from continuing operations was USD 0.01 compared to USD 0.02 a year ago. For the nine months, sales was USD 214,869 compared to USD 317,080 a year ago. Operating loss was USD 5.009 million compared to USD 4.649 million a year ago. Net loss was USD 6.774 million compared to USD 4.870 million a year ago. Basic loss per share from continuing operations was USD 0.06 compared to USD 0.08 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. 
