Digital Locations, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 15, 2021 at 04:36 pm IST
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Digital Locations, Inc. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was USD 0.006955 million. Net income was USD 1.71 million compared to USD 0.050456 million a year ago. Basic earnings per share from continuing operations was USD 0.01.
For the nine months, sales was USD 0.018199 million. Net loss was USD 12.83 million compared to USD 1.3 million a year ago. Basic loss per share from continuing operations was USD 0.07 compared to USD 0.03 a year ago. Diluted loss per share from continuing operations was USD 0.07 compared to USD 0.03 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.