Data443 Risk Mitigation Inc Stock Price, News & Analysis

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.

Data443 Risk Mitigation (ATDS) announced the introduction of its Data443® Hybrid Classifications Taxonomy at the Gartner Security & Risk Management Summit 2022. This new capability supports over 900 sensitive data patterns, enabling the creation of over 6 trillion unique data detection combinations. This innovation aims to improve data identification accuracy and value for businesses, particularly in transitioning to cloud platforms like Microsoft OneDrive, AWS, and Google Compute Engine. The update is available immediately for current customers.

Data443 Risk Mitigation announced the appointment of Pamela Maher as Chief Legal Officer, a crucial move as the company prepares for a major stock exchange uplist. Maher, with extensive experience in IP law and a background in the medical device sector, will enhance Data443's legal and corporate governance framework. CEO Jason Remillard expressed confidence in Maher's capabilities, indicating her role will facilitate faster transaction execution and strengthen the company's acquisition strategy. Data443 serves over 10,000 customers globally, focusing on comprehensive data security solutions.

Data443 Risk Mitigation announced strong operating results for 2021, with total revenues reaching $3.61 million, up from $2.48 million in 2020. The company secured its largest contract worth $1.54 million over 3.5 years and renewed a $700,000 agreement with a Fortune 500 client. Total liabilities decreased by 92%, reflecting significant improvement in financial management. As of December 31, 2021, cash reserves stood at $1.20 million. A webcast is scheduled for April 4, 2022, to discuss these results and future business strategies.

Data443 Risk Mitigation, the prominent data security firm, will provide its financial results for the fiscal year ending December 31, 2021, on March 31, 2022, after market close. A webcast discussion, led by CEO Jason Remillard, is scheduled for April 4, 2022, at 4:30 PM ET, to review these results and update on the company's plans to uplist to a national exchange. Investors can submit questions via email and access the archived webcast on Data443’s website.

Data443 Risk Mitigation announces that its Data443 Antivirus Protection Manager has achieved the VB100 Certification from Virus Bulletin, recognizing its capability to detect 100% of malware during testing. This certification validates the product's effectiveness against common threats while maintaining an extremely low false positive rate. Data443 emphasizes its commitment to data security innovation as organizations face increased ransomware recovery demands. The product integrates seamlessly with Data443's other security offerings, enhancing its endpoint security leadership.