Webstar Technology Group, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 14, 2022 at 04:46 pm IST
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Webstar Technology Group, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported net loss was USD 0.221452 million compared to USD 0.298935 million a year ago.
For the nine months, net loss was USD 30.8 million compared to USD 0.925209 million 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. 
