Webstar Technology Group, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 14, 2020 at 12:25 am IST
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Webstar Technology Group, Inc. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced sales was USD 898 compared to USD 749 a year ago. Net loss was USD 311,547 compared to USD 281,060 a year ago. For the half year, sales was USD 2,596 compared to USD 2,346 a year ago. Net loss was USD 693,251 compared to USD 571,526 a year ago.
Webstar Technology Group, Inc. is engaged in providing software solutions. Its products and services include Gigabyte Slayer Software, WARP-G Software and Webstar eCampus. It focuses on organizational activities and the development of its business plans to license the Gigabyte Slayer software application that is designed to deliver live video streams, video downloads and large data files by using new data compression technology and to license the WARP-G software solution that is designed to enable enterprise customers that transmit live video streams, video downloads and large data files to push such data over existing pipelines by using new data compression technology. Gigabyte Slayer is a retail-oriented software application that will be sub-licensed to targeted companies that provide data streaming services. WARP-G is a business-to-business software solution that companies can use on an enterprise-wide basis to transmit data over existing data streams to optimize their data usage.
WEBSTAR TECHNOLOGY GROUP, INC. 
