WHY ATDS SHARES JUST STARTED
BREAKING OUT - COVID-19, ZOOM, GOOGLE CYBER SECURITY DIRECTOR, NFL
TEAMS, MICROSOFT ONEDRIVE, AMAZON AWS, SPLK, WORDPRESS, HP, RIPPLE,
CITRIX ALL CONVERGING ON ATDS AT SAME TIME
September 2, 2020 -- InvestorsHub NewsWire -- via Seeking Alpha
--
Sep. 1, 2020 10:10 PM ET|About: Data443 Risk Mitigation, Inc. (ATDS), Includes: AAPL, CHKP, CRWD, FTNT, GOOG, HPQ
- Mr. Omkhar Arasaratnam who currently serves as Director of
Engineering, Assurant Security
for Google to Advisory Board recently
joined ATDS Advisory Board
- Leading video communications platform, ZOOM (ZM) adopts DATA443 cyber security and places it at top
of first page of cyber security offerings
- Growing client list includes ZOOM, AMZN AWS, SPLK, WORDPRESS,
HEWLETT PACKARD, RIPPLE CRYPTO CURRENCY, CITRIX, NFL TEAMS
- Revenues ramping up fast as net billings of $869,000 for the
three months ended June 30, 2020, compared to $483,000 in the prior
year period
- $466,000 of revenue during the second quarter of fiscal year
2020, compared to $359,000 of revenue during the second quarter of
fiscal year 2019
- 96% Gross Profit Margin
- Deferred revenues were $1,212,000 as of June 30, 2020, an
increase of $303,000 from $954,000 as of December 31, 2019
- Recent signing with Miami
Dolphins and Pittsburgh
Steelers opens door to other major sports teams
signing
- Acquired the
intellectual property rights and assets of FileFacets®,
a Software-as-a-Service (SAAS) platform that performs sophisticated data
discovery and content search of structured and unstructured data
within corporate networks, servers, content management systems,
email, desktops and laptops
- $156 billion global cyber security
market is expected to reach USD $326.4 billion by
2027
- Current Market Cap of $4,000,000 is highly undervalued
- Current actual Industry Market Comps of average Price to Sales
Ratio of 31.65 to 1 supports share price going from 2 cents to over
$.73 cents based on 2020 sales of $5 million
- 2 cent ATDS shares traded as high as $1.90 within last 12
months
- Long-term growth could surprise big
Cyber Security is a big and booming business that is set to get
even bigger as more and more workers are communicating through the
internet and avoiding personal contact in order to avoid
SARS-CoV-2. Even without COVID-19, tough new security laws and
mounting losses from hackers is driving unprecedented need for
cyber security that is now a $156+ billion industry.
While the industry and companies like ZOOM (ZM – NASDAQ) have
been exploding, DATA443 Risk Mitigation (ATDS:
OTC) has also been doing everything right and riding a wave of
strong growth with their “Open Source” platform that is rapidly
catching on.
Strong evidence of their growth and success comes today when the
company announced that one of
the industries best-known leaders, Omkhar Arasaratnam, who is head
of Cyber security for GOOGLE, just joined DATA443 as an advisor.
Mr. Arasaratnam is highly regarded by almost every large
institutional investor and is often retained as a consultant to
validate the winners.
Cybersecurity Expert and Strategic Consultant to Venture
Capitalists
Data443 Risk Mitigation, Inc. announced that it has appointed
Mr. Omkhar Arasaratnam, a 20-year expert in information technology
and leadership in global cybersecurity projects to its Advisory
Board effective immediately.
Mr. Arasaratnam currently serves as Director of Engineering,
Assurant Security for Google LLC, and is a Senior Fellow with the
NYU Center for Cybersecurity at the NYU Tandon School of
Engineering, and a member of the NYU Cyber Fellow Advisory Council.
Previously, Mr. Arasaratnam served as Executive Director of Data
Project Engineering at JPMorgan Chase, and has previously led
security organizations at financial and technology institutions,
such as Credit Suisse, Deutsche Bank, TD Bank Group, and IBM. In
this capacity, he has revolutionized the effectiveness of
cybersecurity controls. He is an accomplished author with several
granted patents and has led contributions to many international
standards.
"As someone who has dedicated my career to cybersecurity, I am
honored to join the Data443 Advisory Board and work with such
accomplished peers. Data443 truly stands out as an innovative
leader in data classification, security, and privacy, with
significant momentum. Data443’s solves these problems today, and I
can't wait to start collaborating with Jason and the team in its
mission for data privacy," commented Mr. Omkhar Arasaratnam.
Jason Remillard, CEO of Data443, commented, “As CEO, I am
consistently looking for industry leaders that can add expertise
and push the development of our company forward. Today, we are
excited to welcome such an experienced and high-quality candidate
in Omkhar Arasaratnam to the Data443 team. Omkhar’s vision,
passion, and his depth of experience in precisely the area in which
Data443 operates are truly invaluable and will be instrumental as
Data443 continues to expand its service offerings. Omkhar’s
impressive leadership in cybersecurity coupled with his deep
knowledge of banking data protection and his vast presence in
Silicon Valley, will help Data443 in a variety of ways.”
“We have reconfigured our advisory board to add important
insights to three strategic areas: product consulting and strategy,
acquisition sourcing and advisory, and capital markets advisory. We
are actively filling our roster with leaders in these respective
areas to help Data443 reach its fullest potential,” concluded Mr.
Remillard.
DATA443 RISK MITIGATION “KICKS OFF” SPORTS TEAM SALES
INITIATIVE WITH SUCCESSFUL CONTRACT RENEWAL BY THE NFL’S MIAMI
DOLPHINS
Data443 Risk Mitigation, Inc., a leading data security and
privacy software company announced that it has
“kicked off” its sales initiative focused on sports teams with the
contract renewal by the Miami Dolphins of the National Football
League for the Company’s ARALOC™ Secure Sports Management
platform.
What is it:
- ARALOC’s Secure Sports Management Software is the
industry-leading encryption and security platform that provides
sports teams the ability to secure sensitive team material; safely
distribute confidential content; and, track and report backend
analytics. Purpose built for confidential and proprietary content,
including game reviews, practice video, playbooks, scouting
content, and other materials which require secure, controllable
access and delivery.
Why does it matter:
- Massive opportunities for growth in customers – teams and
leagues in a variety of sports throughout the world, as well as for
businesses with similar mobile security needs.
- In today’s COVID-19 world, leagues and teams have been forced
to communicate and exchange highly sensitive materials remotely –
securing these critical assets are a greater priority today than
ever before.
- Globally available, instantly delivered content with the
world’s leading encryption means team members (players, staff,
doctors and external providers) may communicate freely across
devices, locations and data types.
Management Commentary:Jason Remillard, CEO of
Data443, commented, “We are proud and excited to kick off our sales
campaign for our ARALOC™ Secure Sports Management platform with the
renewal contract by the Miami Dolphins. It validates not only our
first class solution, it further demonstrates our capabilities in
delivering for billion-dollar organizations with extremely
sensitive data – not only data that can mean the difference between
winning and losing games, but data that is highly personal and
sensitive. Building our relationships in this segment has been a
priority for us, and we continue to expand our footprint in the
sports world, which is not immune to security breaches. This gives
our sales team incredible motivation, and hopefully leverage, in
approaching sports teams and organizations on every level;
professional; amateur; collegiate; we offer the best solution for
all.”
Dr. Alexander Corris, Senior Director of Football Systems, Miami
Dolphins Football Club, added, “The ARALOC Secure Sports Management
Platform has delivered for us for years. Data443’s enhancements add
value to the club for us and has been even more important to us
during these challenging times. Security, ease of use and the
ability to deploy nearly instantly to our members is key. We hope
for further adoption of the product.”
“This contract renewal continues what’s been a steady stream of
contract renewals we’ve managed to secure over the past several
months, despite the current pandemic. This is a testament to our
long-standing growth strategy of integrating companies with highly
critical and elite technologies that come with a strong roster of
flagship customers and a track record of contract renewals,”
concluded Mr. Remillard.
DATA443 RISK MITIGATION SCORES AGAIN SECURES CONTRACT
WITH THE NFL’S PITTSBURGH STEELERS TO PROVIDE THE ARALOC™ SECURE
SPORTS MANAGEMENT PLATFORM
Continues Success in Delivering Secured Confidential
Content to Professional Sports Teams
Data443 Risk Mitigation, Inc. announced that its data
privacy and security offering focused on sports teams has scored
another victory – this time with the Pittsburgh Steelers of the
National Football League with the signing of an agreement to
provide the Company’s ARALOC™ Secure Sports
Management platform.
What it is:
- ARALOC’s Secure Sports Management Software is the
industry-leading encryption and security platform that provides
sports teams the ability to secure sensitive team material; safely
distribute confidential content; and, track and report backend
analytics. Purpose built for confidential and proprietary content,
including health and trainer documents with videos, game reviews,
practice video, playbooks, scouting content, and other materials
which require secure, controllable access and delivery.
Why it matters:
- ARALOC’s Secure Sports Management Software now secures two NFL
teams.
- Growing momentum in the sports team segment, which has been
forced to adapt its delivery methods in providing game plans,
strategies and education to its players, presenting challenges in
securely delivering content in remote settings. Through the ARALOC
Secure Sports Management platform, Data443 enables content to be
delivered instantly and securely with the world’s leading
encryption.
- Further validates Data443’s ability to provide secured data and
content to remote recipients, regardless of occupation or level of
security.
- As more leagues across the US cancel, defer or otherwise change
plans for their sports teams – Data443 is poised to support these
sports communities with a variety of options that conform to their
requirements and budgets.
- Sports programs from amateur levels in middle school to college
level and above all have support within our pricing and
distribution levels.
Management Commentary:
Jason Remillard, CEO of Data443, commented, “We are very proud
to have secured an agreement with the Pittsburgh Steelers, and to
be providing our ARALOC Secure Sports Management platform to one of
the NFL’s most successful franchises. Winning the Steelers contract
was based not only on our proven ability to deliver high performing
service with the strongest reliability, but also because of our
history of meeting commitments to our clients. After delivering our
demo to the Steelers’ technology group, their initial feedback was,
‘It just checks all the boxes!’. That statement brought immediate
validation for our capabilities and the timeliness of our solutions
delivering for organizations with extremely sensitive data. This is
a very significant win for us and one which clearly establishes
Data443 as the premier source for delivering secured sensitive team
material with tracking and back-end analytics.”
Mr. Scott Phelps, Vice President Technology, Pittsburgh Steelers
Football Club, added, “The platform provides the privacy, security,
speed of deployment and privacy corporate branding that we needed.
Our program – like many – have challenges that are new and unique.
These are surmountable with good people and technology; thus, we
are excited to deploy this to our players, staff and support
organization to ensure the safety and health of everyone involved
in the sport. I feel this is a valuable tool for everyone to
consider.”
Mr. Remillard further commented, “The information transmitted by
NFL teams today (each are multi-billion-dollar organizations, with
incredible financial implications for winning versus losing) is
highly personal and sensitive, reflecting the challenging situation
many organizations are in today. Regardless of professional,
amateur or collegiate status, every program in the country is under
incredible constraints and must operate in this unique situation.
Data443’s product set is truly ‘fit for purpose’ in this climate,
and we were pleased to onboard the Steelers organization in record
time. Our sales program is expanding to include all other levels
and types of sports,” concluded Mr. Remillard.
DATA443 ACHIEVES ANOTHER INDUSTRY FIRST: DELIVERS FIRST
PRIVACY SCANNER FOR WORLD’S LEADING VIDEO COMMUNICATIONS PLATFORM
(ZOOM) – SECURES FIRST PAGE ON APP STORE
Data443 Risk Mitigation, Inc. a leading data security and
privacy software company, today released to the general public its
latest advance in its cloud Global
Privacy Managerproduct line – Data443
Chat History
Scanner - powered
by the Company’s award winning ClassiDocs™.
What it is:
- Effortlessly scan your recorded chat history logs for privacy,
financial, security and other sensitive information types
- Test different languages and sensitive data types against
recordings to detect anomalies
- Detect policy breaches by your staff or other vendors on
webinars or group meetings
- Remove recordings, webinars or other content that violates
policy
- Available for free to all subscribers; premium version to
follow at reasonable cost
Why it matters:
- Online meeting platforms have exploded in popularity during the
recent pandemic, with significant room to grow.
- Roughly two-thirds of U.S. workers who have been working from
home prefer to continue working remotely as much as possible even
when pandemic restrictions lift, according to a recent Gallup
poll.1
- Exposes Data443 brand and all other products to millions of end
users and customers
- Leading charge in the burgeoning online data storage and
management space, providing the Company with significant market
penetration
Management Commentary:
Jason Remillard, CEO of Data443, commented, “Today’s
announcement is another key accomplishment for Data443, and
continues the development of our Global Privacy Manager product
segment that includes a plethora of products that ensure corporate
compliance and personal privacy online – for both consumers and
businesses alike. This effort has taken months of work by our
dedicated engineering staff, securing certification from the
vendor, and enabling us to deliver another world-first product to
the marketplace.”
“The combination of compliance requirements, massive data
collection and storage of both consumer and commercial information,
without the ability to scan, parse and understand this data in a
massively growing virtual environment, continues to be a
significant risk for organizations of any size. By creating the
Data443 Chat History Scanner, we saw a “blue ocean” opportunity in
creating a simple, quick and easy way to meet these challenges,
while aligning Data443 with the global leader in online video
communications.
“Being on the first page of security and compliance products in
the App Store is another notch in our belt as we continue to
deliver products for a wide range of SaaS information providers on
many platforms. Being distributed and available on multiple
providers is part of our new approach to expand our business and
reach new potential customers,” concluded Mr. Remillard
To try this new approach to your online privacy,
visit: https://www.data443.com/cloud-privacy-scanner
To learn more about the Global Privacy Manager solution,
visit: https://data443.com/products/global-privacy-manager/
DATA443 REPORTS RECORD SECOND
QUARTER RESULTS:
- 80% INCREASE IN NET BILLINGS
- RECORD SURGE IN NET BOOKINGS
Jason Remillard, CEO of Data443, commented, “Today’s results for
the first half of 2020 truly highlights the strength of our team,
the quality of our product offerings, and the priority positioning
of our industry. Even in this challenging and unprecedented time of
pandemic, we have proven that we continue to serve our clients and
grow our business, highlighting the urgency and value of our
technology offerings. Our name brand global multinational clients,
as well as our regular mom and pop clients, rely on Data443 for
their most sensitive and important data privacy needs. Our
performance is strong evidence of the important role we play in the
security and success of our clients.”
“We have continued to execute on our business plan, building
momentum on both sales and product development. We secured new
contracts with the Pittsburgh Steelers and the Miami Dolphins,
opening a Company initiative to expand our offerings to sports
teams. We also successfully launched our Zoom Chat Privacy canner
and our WordPress Privacy Badge, both of which have shown great
momentum for us in the early going. We anticipate that customer
growth overall will continue to improve as more data-driven demands
shift from central offices to more home and remote-based work
settings.”
“For the greater part of 2020, we have dedicated significant
time and resources to build our internal infrastructure, including
our Data Center capabilities and direct to consumer capabilities.
We continue to realize the benefits of product and technology
investments made in 2018 and 2019. This is reflected in our
continued growth of our deferred revenues, and our continued
extinguishment of short and long-term debt. Our advanced
infrastructure will scale to ensure we can service our continued
expanding client base. We look forward to building on our
relationships with ZM and the NFL – in conjunction with our
existing financial and public services, government and cloud
service providers. As we start the second half of 2020, our new
advisory board member will continue to have special significance
for us, and is already garnering benefits with analysts and
customers alike.”
“I will be holding a business update conference call on
Wednesday, August 12that 4:30PM ET to provide greater
detail on our plans for the rest of 2020 and going forward. I
believe that Data443 is in the best positioning of its relatively
short history, and we have an impressive story to tell,” concluded
Mr. Remillard.
Business Highlights for the First Half of Fiscal Year
2020 and Year-to-Date
- Concluded litigation settlement resulting in the cancellation
of 2 billion (pre-split) shares
- Completed all payments related to ARALOC acquisition
- Secured shareholder-friendly forbearance agreements for
outstanding convertible notes
- Launched Global Privacy Manager™, industry’s only end-to-end
privacy compliance, governance, and consumer loss-mitigation
platform
- Launched new Data Center in the Raleigh-Durham Research
Triangle Region (adjacent to our headquarters)
- Released new CCPA Framework Plugin for WordPress
- Released Privacy Badge – an industry first, with over 500
subscribers in 2 months
- Launched first Privacy Scanner for the world’s leading online
video communication platform
- Secured contract renewal with the Miami Dolphins for the ARALOC
Secure Sports Management Platform
- Won new contract with the Pittsburgh Steelers for the ARALOC
Secure Sports Management Platform
- Appointed Mr. Omkhar Arasaratnam who currently serves as
Director of Engineering, Assurant Security for Google LLC to our
Advisory Board
Second Quarter 2020 Financial Results:
We recorded net billings of $869,000 for the three months ended
June 30, 2020, compared to $483,000 in the prior year period. We
recognized $466,000 of revenue during the second quarter of fiscal
year 2020, compared to $359,000 of revenue during the second
quarter of fiscal year 2019. Deferred revenues were $1,212,000 as
of June 30, 2020, an increase of $303,000 from $954,000 as of
December 31, 2019.
General and administrative expenses for the second quarter of
fiscal year 2020 amounted to $1,666,000 compared to $1,197,000 for
the three months ended June 30, 2019, which is an increase of
$469,000, or 39%. The expenses for the second quarter of fiscal
year 2020 primarily consisted of management costs, costs to
integrate assets we acquired and to expand sales, audit and review
fees, filing fees, professional fees, and other expenses, including
the re-classification of sales-related management expenses, in
connection with the projected growth of the Company’s business.
Sales and marketing expense for the three months ended June 30,
2020 amounted to $27,000, as compared to $156,000 for the three
months ended June 30, 2019, which is a decrease of $129,000, or
83%. The expenses for the second quarter of fiscal year 2020
primarily consisted of developing our sales operation.
The net loss for the three months ended June 30, 2020 was
$2,573,000 compared to a gain of $1,194,000 for the three months
ended June 30, 2019. The net loss for the three months ended June
30, 2020 was mainly derived from a loss on change in fair value of
derivative liability of $773,000 associated with convertible notes
payable and gross margin of $447,000, offset in part by general and
administrative, and sales and marketing expenses incurred. The net
gain for the three months ended June 30, 2019 was mainly derived
from a gain on change in fair value of derivative liability of
$2,421,000 associated with convertible notes payable and gross
margins of $339,000 offset in part by general and administrative,
and sales and marketing expenses incurred.
First Half 2020 Financial Results
We had net billings for the six months ended June 30, 2019 of
$1,535,000, compared to $957,000 in the prior year period. We
recognized $944,000 of revenue during the six months ended June 30,
2020, compared to $501,000 of revenue during the six months ended
June 30, 2019.
General and administrative expenses for the six months ended
June 30, 2020 amounted to $3,091,000, as compared to $1,872,000 for
the six months ended June 30, 2019, an increase of $1,219,000, or
65%. The expenses for the six months ended June 30, 2020 primarily
consisted of management costs, costs to integrate assets we
acquired and to expand sales, audit and review fees, filing fees,
professional fees, and other expenses.
Sales and marketing expense for the six months ended June 30,
2020 amounted to $148,000, compared to $382,000 for the six months
ended June 30, 2019, which is a decrease of $234,000, or 61%. The
expenses for the six months ended June 30, 2020 primarily consisted
of developing a sales operation.
The net loss for the six months ended June 30, 2020 was
$12,754,000 as compared to a gain of $7,224,000 for the six months
ended June 30, 2019. The net loss for the six months ended June 30,
2020 was mainly derived from a loss on change in fair value of
derivative liability of $9,278,000, associated with convertible
notes payable and gross margin of $890,000, offset in part by
general and administrative, and sales and marketing expenses
incurred. The net gain for the six months ended June 30, 2019 was
mainly derived from a gain on change in fair value of derivative
liability of $9,234,000, associated with convertible notes payable
and gross margin of $462,000, offset in part by general and
administrative, and sales and marketing expenses incurred.
Current Market Comps – Price to Sales Ratio Based on
Last 12 Month Sales
Splunk - SPLK 14.8 to 1
CheckPoint – CHKP 8.75 to 1
CrowdStrike – CRWD 64 to 1
OKTA – OKTA 49 to 1
Fortinet – FTNT 9.5 to 1
Zscaler – ZS 68 to 1
ProofPoint – PFPT 7.48 to 1
Average Price to sales Ratio = 31.65 to 1
Current ATDS market cap is $4.700,000 with share price of $.018.
Based on reported 2019 revenues of $1.4 million and projected 2020
sales of $5 million, with current Price to Sales ratio of 31.65 to
1, and projected 2020 sales of $5 million, the real market value of
ATDS shares is $.73 in 2020 and substantially higher in 2021 and
beyond.
Conclusion
After years of building and doing everything right, Data443
finds itself at the center of the perfect storm of unrivaled growth
for those companies that offer solutions to the COVID-19 pandemic
that is changing the way we do business throughout the world.
Hundreds of millions are forced to work from home and cyber
security is now more important than ever and unprecedented numbers
are discovering Data443 and signing up for its popular and proved
“Open Source” solutions. The short and long-term outlook for
Data443 appear to be remarkably favorable for this fast-growing
gem.
Growth is also being fueled by the new laws requiring Cyber
Security and draconian penalties for breeches that can bankrupt
even well financed companies.
With the growth curve improving every day and the exceptionally
undervalued share price supported by actual market comps, it is no
surprise that the share price finally took off today with very
heavy trading volume. Over 155 million shares were traded today
which was heavy buying.
BioResearchAlert believes that for all the reasons in this
report, Data443 shares will continue to rise for the short and the
long term and could easily surpass their high of $1.90 in the past
14 months.
Source: https://seekingalpha.com/instablog/21922151-bioresearch-alert/5492394-why-atds-shares-just-started-breaking-out-covidminus-19-zoom-google-cyber-security-director
SOURCE: Seeking Alpha
DATA443 Risk Mitigation (PK) (USOTC:ATDS)
과거 데이터 주식 차트
부터 1월(1) 2025 으로 2월(2) 2025
DATA443 Risk Mitigation (PK) (USOTC:ATDS)
과거 데이터 주식 차트
부터 2월(2) 2024 으로 2월(2) 2025
