Webstar Technology Group, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2018
January 08, 2019 at 05:05 pm EST
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Webstar Technology Group, Inc. announced earnings results for the third quarter ended September 30, 2018. For the third quarter, the company announced sales was USD 1,576 compared to USD 0 a year ago. Net loss was USD 280,115 compared to USD 492,884 a year ago. Basic eps was USD 0 compared to basic loss per share of USD 0.01 a year ago. For the nine months, sales was USD 1,576 compared to USD 0 a year ago. Net loss was USD 847,433 compared to USD 1.305 million a year ago. Basic loss per share 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. 
