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Sector: Technology | Industry: Internet Services |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 477 Peace Portal Drive, Suite 506 BLAINE WA 98230 |
Tel: | N/A |
Website: | N/A |
IR: | N/A |
Key People | ||
Sam Ciacco Chairman of the Board, Chief Executive Officer | Kevin Wilson Chief Financial Officer, Secretary, Director | Adee Wada Director of Marketing |
Business Overview |
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. |
Financial Overview |
For the six months ended 31 August 2019, DigitalTown Inc revenues increased 19% to $50K. Net loss before extraordinary items decreased 80% to $949K. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Lower net loss reflects Selling, general and administrative exp. decrease of 77% to $605K (expense), Cryptocurrency losses decrease from $926K (expense) to $0K. |
Employees: | 3 as of Feb 28, 2014 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $0.29M as of Aug 31, 2019 |
Annual revenue (TTM): | $0.04M as of Aug 31, 2019 |
EBITDA (TTM): | -$3.17M as of Aug 31, 2019 |
Net annual income (TTM): | -$3.29M as of Aug 31, 2019 |
Free cash flow (TTM): | -$0.92M as of Aug 31, 2019 |
Net Debt Last Fiscal Year: | $0.29M as of Aug 31, 2019 |
Shares outstanding: | 2,562,664,837 as of Nov 25, 2019 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |