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Market-leading SaaS-based data protection and privacy operation outperforms with growing revenues, thousands of active customers and growing ARR
RESEARCH TRIANGLE PARK, NC, November 16, 2020 (GLOBE NEWSWIRE) – Data443 Risk Mitigation, Inc. (“Data443” or the “Company”) (OTCPK: ATDS), a leader in data security and privacy software, is pleased to announce the financial results for the third quarter of 2020, with continuous and accelerated growth of reservations, customer base and ARR. The Company filed its quarterly report on Form 10-Q with the Securities & Exchange Commission earlier today and it can be found at: https://www.sec.gov/Archives/edgar/data/1068689/000149315220021394/ form10-q. htm
The main highlights include:
- Nearly $ 3,000,000 of toxic convertible debt repaid or converted 9 months ended and bills
- Significant reduction in excess and drag on financing activities
- 3 new acquisitions closed, all with leading technology stacks, customer bases and intellectual property
- Paid over $ 500,000 in cash acquisition-related notes
- Significant increase in cash flow performance over the same period last year
- Company historic quarterly record bookings of $ 835,000
- Best quarter of revenue in the company’s history
- Reduction of general and administrative expenses by 35%
- Deferred revenue continues to rise, up 21% this quarter
- The net debt relief increased net worth by $ 12,500,000
- Cancellation of 250,000 warrants and settlement of 38,000,000 warrants
- Added over 160,000 new active users to our WordPress technology stack
- Adding over 7,000 new net customers
Jason Remillard, CEO of Data443, commented, “This quarter continued to be a total commitment from the entire team and we have continued to deliver results. We will have a more detailed analysis of the upcoming quarterly results; however, we’re thrilled to deliver today the first highlights that really stand out for this very busy quarter for the company. We expect to continue to have a very active corporate fourth quarter and with our customers, more news to follow. “
“Also, join us this week for our regular Business Update Call where I will discuss some of our activities from Q3, Q4 plans and of course 2021! One of my favorite things to do: I’m excited about this event. ! “
Investors and other interested parties can send their questions in advance by sending an email to Investor Relations at [email protected] – Online registration is available at: https://us02web.zoom.us / webinar / register / WN_3yfYIRn2S2ikdr2agg16nw.
Information on Data443 Risk Mitigation, Inc.
Data443 Risk Mitigation, Inc. (OTCPK: ATDS), is the de facto industry leader in data privacy solutions for Data security for all things™, providing software and services to enable protected data on local devices, networks, clouds 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 managing, protecting and delivering digital content on desktops and mobile devices, which protects an organization’s confidential content and intellectual property assets from loss – harmful or accidental – without affecting the collaboration between all interested parties; (ii) DATAEXPRESS®, the leading data transport, transformation and delivery product trusted by leading financial organizations around the world; (iii) ArcMail™, which is a leading provider of simple, secure, and affordable email and business management and archiving 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 Ripple XRP that protects blockchain transactions from inadvertent disclosure and data leaks; (vi) Data 443® Global Privacy Manager, the platform for privacy compliance and consumer loss reduction integrated with ClassiDocs™ to perform the delivery portions of GDPR and CCPA, as well as process requests for access to data privacy – removal request – with the inventory of ClassiDocs™; (vii) Resilient AccessTM, which enables granular access controls across a myriad of large-scale platforms for internal client systems and commercial public cloud platforms such as Salesforce, Box.Net, Google G Suite, Microsoft OneDrive, and others; (viii) Data 443™ Chat History Scanner, which analyzes chat messages for compliance, security, PII, PI, PCI, and custom keywords; (ix) the CCPA Framework plugin for WordPress, which allows 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 across corporate networks, servers, content management systems, email, desktops and laptop; (xi) the WordPress GDPR Framework plugin, with over 30,000 active users and over 400,000 downloads, enables organizations of all sizes to comply with the GDPR and other privacy frameworks; and (xii) IntellyWP, a leading provider of user experience enhancement products for webmasters for the world’s largest content management platform, WordPress. For more information, visit http://www.data443.com.
Forward-Looking Statements
Statements 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 “could”, “will”, “could”, “should”, “expect,” “Plan” , “project”, “intend”, “anticipate”, “believe”, “estimate”, “foresee”, “potential”, “compliant”, “objective”, “continue” and similar expressions are intended to identify such forward-looking statements . Statements contained in this press release that are not historical statements, including statements regarding the plans, objectives, future opportunities for Data443’s services, future financial performance and operating results, and any other statements regarding the expectations, beliefs, Data443’s plans, objectives and financial conditions, future assumptions or events or performance that are not historical facts, are forward-looking statements within the meaning of 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 in 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, the results of disputes, agreements and investigations; actions of third parties, including government agencies; volatility in customer spending; global economic conditions; ability to hire and retain staff; loss or reduction of business with key customers; difficulties with the growth and integration of acquisitions; product liability; cyber security risk; anti-takeover measures in our charter documents; and the uncertainties created by the ongoing outbreak of a respiratory disease caused by the new coronavirus of 2019 that was recently named by the World Health Organization as COVID-19. These and other important risk factors are described in more detail in our reports and other filings with the Securities and Exchange Commission (“the SEC”), including in (i) “Part I, Item 1A. Risk Factors”, in our Form 10 Registration Statement filed with the SEC on January 11, 2019 and amended on April 24, 2019; (ii) “Part I, point 1A. Risk Factors “, in our annual report on Form 10-K filed with the SEC on April 17, 2020; and (iii) subsequent filings. Undue reliance should not be placed on the forward-looking statements contained in this press release, which are based on information available to us as of the date of this document Unless otherwise required by applicable law, we undertake no obligation to publicly update or revise any forward-looking statements, due to new information, future events or otherwise.
Data 443™ logo, ClassiDocs™ logo, ARALOC™ logo and DATAEXPRESS® are registered trademarks of Data443 Risk Mitigation, Inc.
All product names, trademarks and registered trademarks belong to their respective owners. All company, product and service names used on this website are for identification purposes only. Use of these names, marks and trademarks does not imply endorsement.
All other trademarks mentioned in this document belong to their respective owners.
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Investor Relations Contact:
Matthew Abenante
[email protected]
919.858.6542
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