CyberloQ Technologies Reports $0 Revenue and Increased Losses in Q1 2025

CyberloQ Technologies, Inc. reported its financial results for the first quarter of 2025, revealing a total revenue of $0, a significant decline from $15,000 in the same period of 2024. The company, which specializes in fraud prevention and credit management technology, experienced a net loss of $341,030 for the quarter, compared to a loss of $246,808 in the prior year. This increase in losses is attributed to higher operational expenses, which rose to $266,992 from $211,035 year-over-year, driven primarily by increased officer compensation and professional fees.

The company's balance sheet as of March 31, 2025, shows total assets of $1,801,532, a slight decrease from $1,842,701 at the end of 2024. Current liabilities increased to $2,894,727 from $2,800,867, reflecting a rise in accounts payable and accrued expenses. Stockholders' equity also declined, moving from a deficit of $988,528 to $1,123,557, indicating ongoing financial challenges as the company continues to invest in its technology and operations.

In terms of strategic developments, CyberloQ Technologies has focused on enhancing its proprietary software platform, CyberloQ, which is designed to combat banking fraud through multi-factor authentication. The company has also been capitalizing on software development costs, totaling $132,200 for the quarter, compared to $91,264 in the same period last year. This investment reflects the company's commitment to improving its technology offerings, although it has not yet translated into revenue growth.

Operationally, CyberloQ Technologies has not reported any significant changes in customer counts or user statistics in this quarter. The company continues to develop its CyberloQ Vault, a cloud-based security protocol aimed at providing secure data transmission. However, the lack of revenue generation raises concerns about customer adoption and market penetration. The company’s employee headcount remains stable, but specific figures were not disclosed in the filing.

Looking ahead, CyberloQ Technologies acknowledges the risks and uncertainties that could impact its future performance, including competition and reliance on key personnel. The company has not provided specific forward-looking revenue guidance but emphasizes its ongoing efforts to enhance its product offerings and market presence. As it navigates these challenges, CyberloQ Technologies remains focused on its long-term strategy to establish itself as a leader in fraud prevention technology.