Cyberloq Technologies, Inc. Reports Earnings Results for the Full Year Ended December 31, 2020
March 31, 2021 at 10:40 am EDT
Share
Cyberloq Technologies, Inc. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced total revenue was USD 19,944 compared to USD 77,185 a year ago. Operating loss was USD 860,747 compared to USD 521,275 a year ago. Net loss was USD 983,271 compared to USD 521,380 a year ago. Basic loss per share from continuing operations was USD 0.01 compared to USD 0.01 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.