Cloudweb, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 17, 2020 at 12:01 am IST
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Cloudweb, Inc. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced operating loss was USD 11.656 million compared to USD 14,579 a year ago. Net loss was USD 11.656 million compared to USD 14,579 a year ago. Basic loss per share from continuing operations was USD 0.18 compared to USD 0.1 a year ago. For the nine months, operating loss was USD 34.971 million compared to USD 48,795 a year ago. Net loss was USD 34.971 million compared to USD 48,795 a year ago. Basic loss per share from continuing operations was USD 0.73 compared to USD 0.35 a year ago.
Cloudweb, Inc. is focused on developing and marketing its Web hosting and data storage services, such as Hostwizer.com, W8hosting.com, and JeyCloud.com. It includes plans to make hosting available for free while being supported by advertiser content. The Company is also focused on white labeling its services to allow other brands to use its platforms for their own needs.
CLOUDWEB, INC. 
