Webstar Technology Group, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 10, 2020 at 08:43 pm IST
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Webstar Technology Group, Inc. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was USD 2,197 compared to USD 1,448 a year ago. Net loss was USD 348,297 compared to USD 251,868 a year ago. For the nine months, sales was USD 4,793 compared to USD 3,794 a year ago. Net loss was USD 1.041 million compared to USD 823,393 a year ago. Basic loss per share from continuing operations was USD 0.01 compared to USD 0.01 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. 
