Cyberloq Technologies, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 15, 2022 at 01:14 pm EDT
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Cyberloq Technologies, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported revenue was USD 0.001104 million compared to USD 0.000939 million a year ago. Net loss was USD 0.352806 million compared to USD 0.201975 million a year ago.
For the six months, revenue was USD 0.001404 million compared to USD 0.0006 million a year ago. Net loss was USD 0.655729 million compared to USD 0.304628 million a year ago. Basic loss per share from continuing operations was USD 0.01.
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. 
