Data443 Risk Mitigation Inc Stock Price, News & Analysis

Data443 Risk Mitigation (OTC: ATDS) has announced a $350,000 contract addition with a major global investment bank, enhancing their existing agreement. This contract involves licensing for the Data443 Data Placement Manager™, a secure file transfer solution for HPE NonStop servers, facilitating the transfer of critical data. The bank, with over $2 trillion in assets, significantly relies on Data443’s solutions for daily transactions. CEO Jason Remillard emphasized the company’s commitment to customer service and innovative technology that meets evolving market demands.

Data443 Risk Mitigation has announced the integration of its Data Hound™ platform with Webex by Cisco, enhancing data security for organizations using Webex for collaboration. This partnership aims to address data privacy and governance challenges in hybrid work environments. The Data Hound™ platform provides rapid data sensitivity scanning and integrates with over 200 systems, strengthening compliance and governance capabilities. The product is available immediately for trial and purchase via the Webex app.

Data443 Risk Mitigation, Inc. (OTCPK: ATDS) reported its Q3 and nine-month results ending September 30, 2022. Despite a 39% revenue decrease to $916,172 in Q3 and a 26% decline to $2,279,677 for the nine months, the company retained 99% of its customers. Key achievements included acquiring ransomware protection assets and securing multiyear contracts with major financial institutions. Increased expenses (48% rise in Q3) led to a net loss of $1,582,720, significantly higher than the previous year. Deferred revenues grew by 65% to $2,652,382, signaling future revenue potential.

Data443 Risk Mitigation, Inc. (OTCPK: ATDS) announces its first tenancy at Hub RTP Horseshoe, a developing urban district in Research Triangle Park, NC. The new headquarters is designed to support the company's engineering and operational teams, with an option for larger space. Data443 aims to enhance its brand presence and attract top talent, addressing the competitive landscape in IT. The project is backed by significant investment from the Research Triangle Foundation, expected to exceed $1.5 billion. CEO Jason Remillard emphasizes the commitment to employee development and a robust work environment.

Data443 Risk Mitigation, Inc. (OTCPK: ATDS) has announced the opening of a new headquarters in Research Triangle Park, NC. This location, spanning over 14,000 square feet, is set to enhance their operations and attract top-tier talent from nearby universities. The company's founder, Jason Remillard, emphasized the importance of this move for growth and success, highlighting the competitive tech landscape. The strategic position within this renowned research ecosystem aims to leverage partnerships and resources, contributing to Data443's ongoing development in data security solutions.

Data443 Risk Mitigation (OTCPK: ATDS) has appointed Greg McCraw as Chief Financial Officer, effective immediately. McCraw brings over 25 years of experience in finance and compliance, previously serving as Vice President of Finance for a Dental Services Organization. His appointment aligns with the company's strategic goals and follows the recent hiring of Pamela Maher as Chief Legal Officer, emphasizing a focus on data privacy compliance. Data443 provides data security solutions globally, with over 10,000 customers in more than 100 countries.

Data443 Risk Mitigation (OTC: ATDS) reported its financial results for the second quarter and the first half of 2022. Key highlights include a 99% customer retention rate, despite challenging economic conditions, and successful product launches. However, total revenues decreased by 1% year-over-year to $750,989 for the second quarter, with a six-month revenue drop of 15%. The company also suffered a net loss of $2.4 million for the second quarter, up from $1.5 million in the same period last year. Increased operational costs are attributed to management and integration expenses as the company plans for a Nasdaq uplist.

Data443 Risk Mitigation, Inc. (OTCPK: ATDS) announced its participation in the Black Hat USA Conference on August 10 & 11, 2022. The CEO highlighted growing concerns over ransomware protection and emphasized that their offerings are superior to competitors, supporting multiple cloud and virtualization solutions. Data443 aims to address the critical needs of organizations facing cybersecurity risks. They provide free trials for their technologies, focusing on comprehensive data security across devices, networks, and clouds.

Data443 Risk Mitigation, operating under the ticker ATDS, announced enhanced support for cloud Unix services through its Data443® Data Placement Manager. This move addresses increasing customer demand for public and hybrid cloud compatibility. CEO Jason Remillard emphasized the importance of these enhancements for their financial services clients, showcasing the product's capabilities across major cloud platforms, including Microsoft Azure, Google Cloud Platform, and Amazon Web Services. This new capability is available immediately to customers.