Cyberloq Technologies, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2020
May 15, 2020 at 05:10 pm EDT
Share
Cyberloq Technologies, Inc. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced total revenue was USD 8,140 compared to USD 6,249 a year ago. Operating loss was USD 122,398 compared to USD 142,898 a year ago. Net loss was USD 122,398 compared to USD 142,983 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. 
