Advanced Credit Technologies, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2019
November 19, 2019 at 04:50 pm EST
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Advanced Credit Technologies, Inc. announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced total revenue was USD 22,814 compared to USD 4,166 a year ago. Operating loss was USD 115,205 compared to USD 473,387 a year ago. Net loss was USD 115,220 compared to USD 473,623 a year ago. Basic loss per share from continuing operations was USD 0.002 compared to USD 0.007 a year ago. For the nine months, total revenue was USD 95,699 compared to USD 4,166 a year ago. Operating loss was USD 365,000 compared to USD 823,073 a year ago. Net loss was USD 365,115 compared to USD 835,623 a year ago. Basic loss per share from continuing operations was USD 0.005 compared to USD 0.013 a year ago.
Cyberloq Technologies, Inc. is a development-stage technology company focused on fraud prevention and credit management. The Company offers a proprietary software platform branded as CyberloQ. CyberloQ is a Multi-Factor authentication (MFA) protocol technology that is offered to institutional clients in order to combat fraudulent transactions and unauthorized access to customer accounts and or any digital asset. Through the use of a customerâs smart-phone, CyberloQ uses a multi-factor authentication system to control access to a bank card, transaction type or amount, Website, database or digital service. In addition to CyberloQ, it offers a web-based proprietary software platform under the brand name TurnScor, which allows customers to monitor and manage their credit from the privacy of their own homes. The CyberloQ Vault is a cloud-based security protocol that allows clients the ability to send/receive secure data without having to use traditional e-mail which is prone to a breach.
CYBERLOQ TECHNOLOGIES, INC. 
