Enterprise Diversified, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2021
May 14, 2021 at 04:16 pm EDT
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Enterprise Diversified, Inc. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced total revenue was USD 2.435 million compared to negative total revenue of USD 1.304 million a year ago. Operating income was USD 1.978 million compared to operating loss of USD 1.987 million a year ago. Net income was USD 1.978 million compared to net loss of USD 1.971 million a year ago. Basic earnings per share was USD 0.75 compared to basic loss per share of USD 0.76 a year ago. Basic earnings per share from continuing operations was USD 0.75 compared to basic loss per share from continuing operations of USD 0.77 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.
ENTERPRISE DIVERSIFIED, INC. 
