Cyberloq Technologies, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 14, 2020 at 05:21 pm EDT
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Cyberloq Technologies, Inc. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced total revenue was USD 7.968 compared to USD 56,873 a year ago. Operating loss was USD 108,872 compared to USD 106,895 a year ago. Net loss was USD 105,872 compared to USD 106,910 a year ago. For the half year, total revenue was USD 16,108 compared to USD 63,122 a year ago. Operating loss was USD 231,269 compared to USD 249,794 a year ago. Net loss was USD 228,269 compared to USD 249,894 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. 
