CyberloQ Technologies Reports Q1 2026 Financial Results with Reduced Net Loss

CyberloQ Technologies, Inc. reported its financial results for the first quarter of 2026, revealing a net loss of $234,060, a decrease from the net loss of $341,030 recorded in the same period of the previous year. The company's total operating expenses for the quarter were $185,008, down from $266,992 in the first quarter of 2025, indicating a reduction in costs. The decrease in operating expenses was primarily attributed to lower professional fees and officer compensation, which fell to $80,932 and $63,000, respectively, compared to $51,552 and $163,000 in the prior year.

In terms of assets, CyberloQ reported total assets of $2,421,258 as of March 31, 2026, a decline from $2,525,109 at the end of 2025. Current assets decreased significantly, primarily due to a reduction in cash reserves, which fell to $10,098 from $261,987. The company’s liabilities also increased slightly, with total liabilities rising to $4,235,762 from $4,190,752, driven by an increase in accrued interest. Stockholders' equity showed a decline, with a deficit of $1,814,504 compared to $1,665,643 at the end of the previous fiscal year.

CyberloQ continues to focus on its proprietary software platform, CyberloQ, which is designed for fraud prevention and credit management. The company has made strategic investments in software development, capitalizing $149,601 in development costs during the quarter, compared to $132,200 in the same period last year. This investment reflects the company's commitment to enhancing its technology offerings. Additionally, CyberloQ has expanded its common stock issuance, with 141,012,254 shares outstanding as of March 31, 2026, up from 138,512,256 shares at the end of 2025.

Operationally, CyberloQ is focused on increasing its market presence and customer base. The company has integrated its CyberloQ platform into the banking ecosystem, which is expected to enhance user engagement and adoption rates. However, specific customer counts and engagement metrics were not disclosed in the filing. The company is also exploring opportunities to market its Turnscor platform to institutional clients, which could further drive growth and diversification of its service offerings.

Looking ahead, CyberloQ Technologies, Inc. remains optimistic about its future prospects, although it acknowledges the inherent risks and uncertainties associated with its business model. The company plans to continue investing in its technology and expanding its market reach, while also managing its operational costs. The forward-looking statements in the filing highlight the potential for growth, contingent upon successful execution of its strategic initiatives and favorable market conditions.