Digital Locations, Inc. Announces Earnings Results for the Second Quarter Ended June 30, 2021
August 16, 2021 at 09:26 pm IST
Share
Digital Locations, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced sales was USD 4,906. Operating loss was USD 508,725 compared to USD 79,562 a year ago. Net loss was USD 4.328 million compared to USD 971,668 a year ago. Basic loss per share from continuing operations was USD 0.03 compared to USD 0.06 a year ago. For the half year, sales was USD 11,244. Operating loss was USD 1.237 million compared to USD 172,910 a year ago. Net loss was USD 14.536 million compared to USD 1.347 million a year ago. Basic loss per share from continuing operations was USD 0.03 compared to USD 0.12 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 Comapny's wholly owned subsidiary is SmallCellSite.com LLC.