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CyberloQ Technologies, Inc. (OTCQB:CLOQ), a Nevada-based software services company valued at $41 million, has achieved the System and Organization Controls (SOC) 2 Type I certification, a development reported on April 23, 2025. According to InvestingPro data, the company’s stock has shown strong momentum, gaining 17% in the past week. This certification, granted by the American Institute of Certified Public Accountants (AICPA), confirms that CyberloQ’s security, availability, processing integrity, confidentiality, and privacy controls meet the AICPA’s rigorous standards. The certification was obtained following an independent audit, providing clients with third-party validation of the company’s system security.
In addition to this certification, CyberloQ announced the filing of a second patent with the United States Patent and Trademark Office (USPTO). The patent application targets fraud prevention technology in the Medicare/Medicaid sector. While the company maintains a 100% gross margin, InvestingPro analysis indicates current challenges with profitability, reporting a negative return on assets of -60%. CyberloQ’s Secure Multi-Factor Authentication (MFA) technology is currently patent-pending under U.S. Provisional Patent Application Nos. 63/750,377 and 63/781,813. It is important to note that "patent pending" status does not ensure that a patent will be granted, and any potential patent may contain narrower claims than those in the initial applications.
The attainment of the SOC 2 Type I certification is a significant step for CyberloQ in affirming the security and reliability of its services. The company is now setting its sights on achieving the SOC 2 Type II certification. InvestingPro data reveals that CyberloQ’s short-term obligations exceed its liquid assets, with a current ratio of 0.1, highlighting the importance of operational improvements alongside security enhancements. This information is based on a press release statement from CyberloQ Technologies, Inc. and reflects the company’s ongoing commitment to enhancing its service offerings and maintaining high standards of operational excellence.
In other recent news, Cyberloq Technologies has entered into a non-exclusive software referral agreement with Transact Payments Limited. This agreement allows TransactPay to promote Cyberloq’s products in the European Union, the United Kingdom (TADAWUL:4280), and Australia, with Cyberloq compensating TransactPay with a 10% commission on sales generated. Additionally, Cyberloq Technologies acquired a U.S. Provisional Patent Application titled "Authorization of a Physical Card Transaction (JO:NTUJ)," aimed at enhancing its fraud deterrence and payment authorization technologies. In a separate development, Cyberloq’s board approved new compensation arrangements for its executives, increasing President Christopher Jackson’s annual base salary to $132,000 and awarding year-end bonuses of $45,000 each to both Jackson and Vice-President Enrico Giordano. These developments are part of Cyberloq’s strategy to expand its market reach and strengthen its intellectual property assets. The company’s actions were detailed in a recent SEC filing.
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