ProShares Russell 2000 Autocallable Income ETF

What they do

CyberloQ Technologies develops and exclusively owns the CyberloQ multi-factor authentication (MFA) platform, which is offered to institutional clients to combat fraudulent transactions and unauthorized access to bank cards, websites, databases, or digital services via a customer's smartphone. It also offers TurnScor, a web-based credit monitoring and management platform for individuals, and CyberloQ Vault, a cloud-based secure data transmission service. The company has only two employees, its President and Vice-President, and is dependent on external partnerships and financing.

Revenue drivers

• CyberloQ MFA platform — Institutional clients are offered the MFA technology to secure transactions and access; it has been integrated into the banking ecosystem, and revenue is believed to come from licensing or subscription fees, though no revenue split is disclosed.
• TurnScor credit platform — A web-based platform for individuals to monitor and manage their credit, with plans to market it to institutional clients alongside CyberloQ as a value-added service, but current revenue contribution is minimal.
• CyberloQ Vault — A cloud-based secure data exchange service that requires geo-coordinate and mobile device authentication; marketed as an additional offering but no revenue details are provided.

Recent performance

For the fiscal year ending December 31, 2025, the company reported revenue of $1.1 million and a net loss of $1.1 million, with diluted EPS of -$0.01. Operating cash flow was negative $775,051 in 2025, reflecting continued cash burn. As of June 30, 2026, total assets were $2.6 million, total liabilities $4.6 million, and shareholder equity was negative $2.0 million. Cash decreased from $261,987 at end of 2025 to $49,975 at June 30, 2026, with a $33,646 increase in accounts payable and $185,851 increase in accrued interest.

Strategy

Management is capitalizing intangible assets, including the CyberloQ platform, website development, and patents, to build its technology base. The company aims to increase scalability of the CyberloQ platform through strategic partnerships with clients in multiple channels. It also intends to market TurnScor to institutional clients as a value-added benefit in conjunction with CyberloQ. The company has entered material agreements and modified security holder rights, indicating ongoing financing and partnership activities. It relies on external funding to support operations, which are still development-stage.

Risks

• Going concern and liquidity — Negative equity of $2.0 million and cash of only $49,975 at June 30, 2026, with ongoing operating losses, raise substantial doubt about the ability to continue as a going concern.
• Dependence on key personnel — The company has only two full-time employees, its President and Vice-President, making operations critically dependent on their continued service.
• Limited revenue and history of losses — Revenue has been minimal and volatile (e.g., $15,000 in 2024, $1.1 million in 2025), and the company has incurred net losses every year since at least 2021.
• Cybersecurity and competition — As a small player in the fraud prevention space, it faces competition from larger, better-funded firms and must protect its proprietary technology and patents.

Outlook

Management expects to continue investing in the CyberloQ platform and related intangibles, but has not provided specific financial guidance. The company faces near-term liquidity constraints and will likely need to raise additional capital or secure new partnerships to fund operations. The dissolution of its UK subsidiary suggests any international expansion is not currently being pursued.