Digerati Technologies reports Q2 EPS (2c) vs. (1c) last year

Reports Q2 revenue $7.6M vs. $7.9M last year. Craig K. Clement, Executive Chairman and interim CEO of Digerati, commented, “Calendar year 2023 was all about the continued focus to improve the profitability of our existing revenue streams and the winding down of legacy revenue from previous acquisitions that has not aligned with our profitability objectives. Our team has done a tremendous job in streamlining operations and reducing redundancies, resulting in higher margins and more operational efficiencies. We support approximately 45,000 users, predominantly in Florida, Texas and California, and we believe we have built a strong and valuable platform in which to stack additional and accretive revenue.” Mr. Clement further added that, “Our Sales Team recently attended the Channel Partners Conference in Las Vegas, and we believe the quality and size of new revenue opportunities coming our way is very exciting.”