Market Leading SaaS-Based Data Security & Privacy
Operation Outperforms with Growing Revenues, Thousands of Active
Customers and Growing ARR
RESEARCH TRIANGLE PARK, NC -- November 16, 2020 --
InvestorsHub NewsWire -- Data443 Risk Mitigation, Inc. (“Data443”
or the “Company”) (OTCPK:
ATDS), a leading data security and privacy software company, is
pleased to announce its third quarter 2020 financial results, with
continued accelerated growth in bookings, customer base and ARR.
The Company filed its quarterly report on Form 10-Q with the
Securities & Exchange Commission earlier today, and can be
found at:
https://www.sec.gov/Archives/edgar/data/1068689/000149315220021394/form10-q.htm
Major Key Highlights include:
-
Nearly $3,000,000 of toxic convertible debt paid-off or
converted 9-months ended and counting
-
Closed 3 new acquisitions – all with leading technology stacks,
customer bases and intellectual property
-
Paid down over $500,000 in acquisition-related notes in cash
-
Significantly increased cash flow performance when compared to
same period last year
-
Company historic quarterly record bookings of $835,000
-
Best revenue quarter in Company’s history
-
Reduction of G&A expenses of 35%
-
Deferred revenues continue to increase, this quarter up 21%
-
Net reduction of debt increased equity by $12,500,000
-
Cancellation of 250,000 warrants, and settlement of 38,000,000
warrants
-
Addition of over 160,000 new active users to our WordPress
technology stack
-
Addition of over 7,000 net new customers
Jason Remillard, CEO of Data443, commented, “This quarter
continued to be an all-hands-on deck effort by the entire team, and
we continued to deliver. We will have a more detailed analysis of
the quarterly results forthcoming; however, we are excited to
provide the initial highlights today that really standout for this
very busy quarter for the company. We expect to continue to have a
very active Q4 corporately and with our clients, more news to
follow.”
“Also, please do join us this week for our regular Business
Update Call where I will discuss some of our activities from Q3,
plans for Q4 and of course 2021! One of my favorite things to do –
I am excited for this event!”
Investors and other interested parties may submit their
questions ahead of time by emailing Investor Relations
at ir@data443.com –
Online registration is available at: https://us02web.zoom.us/webinar/register/WN_3yfYIRn2S2ikdr2agg16nw.
About Data443 Risk Mitigation, Inc.
Data443 Risk Mitigation, Inc. (OTCPK:
ATDS), is the de facto industry leader in Data Privacy
Solutions for All Things Data Security™,
providing software and services to enable secure data across local
devices, network, cloud, and databases, at rest and in flight. Its
suite of products and services is highlighted by: (i)
ARALOC™, which is a market leading secure, cloud-based
platform for the management, protection and distribution of digital
content to the desktop and mobile devices, which protects an
organization’s confidential content and intellectual property
assets from leakage — malicious or accidental — without impacting
collaboration between all stakeholders; (ii)
DATAEXPRESS®, the leading data transport, transformation
and delivery product trusted by leading financial organizations
worldwide; (iii) ArcMail™, which is a leading provider
of simple, secure and cost-effective email and enterprise archiving
and management solutions; (iv) ClassiDocs® the
Company’s award-winning data classification and governance
technology, which supports CCPA, LGPD, and GDPR compliance; (v)
ClassiDocs™ for Blockchain, which provides an
active implementation for the Ripple XRP that protects blockchain
transactions from inadvertent disclosure and data leaks; (vi)
Data443® Global Privacy Manager, the privacy
compliance and consumer loss mitigation platform which is
integrated with ClassiDocs™ to do the delivery
portions of GDPR and CCPA as well as process Data Privacy Access
Requests – removal request – with inventory by
ClassiDocs™; (vii) Resilient AccessTM, which
enables fine-grained access controls across myriad platforms at
scale for internal client systems and commercial public cloud
platforms like Salesforce, Box.Net, Google G Suite, Microsoft
OneDrive and others; (viii) Data443™ Chat History
Scanner, which scans chat messages for Compliance, Security, PII,
PI, PCI & custom keywords; (ix) the CCPA Framework WordPress
plugin, which enables organizations of all sizes to comply with the
CCPA privacy framework; (x) 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; (xi) the GDPR Framework
WordPress plugin, with over 30,000 active users and over 400,000
downloads it enables organizations of all sizes to comply with the
GDPR and other privacy frameworks; and (xii) IntellyWP, a leading
purveyor of user experience enhancement products for webmasters for
the world’s largest content management platform, WordPress. For
more information, please visit http://www.data443.com.
Forward-Looking Statements
The statements contained in this release that are not historical
facts are forward-looking statements as defined in the Private
Securities Litigation Reform Act of 1995. Words such as “may,”
“will,” “could,” “should,” “expect,” “plan,” “project,” “intend,”
“anticipate,” “believe,” “estimate,” “predict,” “potential,”
“pursuant,” “target,” “continue,” and similar expressions are
intended to identify such forward-looking statements. The
statements in this press release that are not historical
statements, including statements regarding Data443’s plans,
objectives, future opportunities for Data443’s services, future
financial performance and operating results and any other
statements regarding Data443’s future expectations, beliefs, plans,
objectives, financial conditions, assumptions or future events or
performance that are not historical facts, are forward-looking
statements within the meaning of the federal securities laws. These
statements are not guarantees of future performance and are subject
to numerous risks, uncertainties, and assumptions, many of which
are beyond Data443’s control, and which could cause actual results
to differ materially from the results expressed or implied by the
statements. These statements are not guarantees of future
performance and involve risks, uncertainties and assumptions that
are difficult to predict, and include, without limitation, results
of litigation, settlements and investigations; actions by third
parties, including governmental agencies; volatility in customer
spending; global economic conditions; ability to hire and retain
personnel; loss of, or reduction in business with, key customers;
difficulty with growth and integration of acquisitions; product
liability; cybersecurity risk; anti-takeover measures in our
charter documents; and, the uncertainties created by the ongoing
outbreak of a respiratory illness caused by the 2019 novel
coronavirus that was recently named by the World Health
Organization as COVID-19. These and other important risk factors
are described more fully in our reports and other documents filed
with the Securities and Exchange Commission (“the SEC”), including
under (i) “Part I, Item 1A. Risk Factors”, in our Registration
Statement on Form 10 filed with the SEC on January 11, 2019 and
amended on April 24, 2019; (ii) “Part I, Item 1A. Risk Factors”, in
our Annual Report on Form 10-K filed with the SEC on 17 April 2020;
and, (iii) subsequent filings. Undue reliance should not be placed
on the forward-looking statements in this press release, which are
based on information available to us on the date hereof. Except as
otherwise required by applicable law, we undertake no obligation to
publicly update or revise any forward-looking statements, whether
because of new information, future events, or otherwise.
The Data443™ logo,
ClassiDocs™ logo, ARALOC™ logo and
DATAEXPRESS® are registered trademarks of Data443
Risk Mitigation, Inc.
All product names, trademarks and registered trademarks are
property of their respective owners. All company, product and
service names used in this website are for identification purposes
only. Use of these names, trademarks and brands does not imply
endorsement.
All other trademarks cited herein are the property of
their respective owners.
For Further Information:
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Follow us on Facebook: https://www.facebook.com/data443/
Follow us on LinkedIn: https://www.linkedin.com/company/data443-risk-mitigation-inc/
Signup for our Investor Newsletter: https://www.data443.com/investor-relations/
Investor Relations Contact:
Matthew Abenante
ir@data443.com
919.858.6542
DATA443 Risk Mitigation (PK) (USOTC:ATDS)
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