Data443 Completes Operational Expense Rationalization
Data443 Risk Mitigation (OTCPK: ATDS) has announced the completion of a major operational expense rationalization initiative, resulting in $3.1 million in annual cost savings. The optimization follows the company's recent expansion in the AI sector, including an acquisition of email categorization technologies and the launch of CAFAI™ training solution for AI language models.
The cost reductions were partly achieved through a new partnership with data center provider TierPoint. CEO Jason Remillard emphasized that these efficiencies will enable greater investments in the business while delivering enhanced data security solutions. The company expects to maintain these cost savings without incurring one-time charges, with additional benefits expected from reduced interest expenses as recurring revenue compounds.
Data443 Risk Mitigation (OTCPK: ATDS) ha annunciato il completamento di un'importante iniziativa di razionalizzazione delle spese operative, che ha portato a 3,1 milioni di dollari di risparmi annuali. L'ottimizzazione segue l'espansione recente dell'azienda nel settore dell'IA, compresa l'acquisizione di tecnologie per la categorizzazione delle email e il lancio della soluzione di formazione CAFAI™ per modelli linguistici di IA.
Le riduzioni dei costi sono state in parte ottenute attraverso una nuova partnership con il fornitore di data center TierPoint. Il CEO Jason Remillard ha sottolineato che queste efficienze permetteranno maggiori investimenti nell'azienda, offrendo al contempo soluzioni di sicurezza dei dati migliorate. L'azienda prevede di mantenere questi risparmi senza incorrere in spese una tantum, con ulteriori benefici attesi dalla riduzione delle spese per interessi man mano che le entrate ricorrenti si accumulano.
Data443 Risk Mitigation (OTCPK: ATDS) ha anunciado la finalización de una importante iniciativa de racionalización de gastos operativos, lo que ha resultado en 3,1 millones de dólares en ahorros anuales. La optimización sigue la reciente expansión de la empresa en el sector de IA, incluida la adquisición de tecnologías de categorización de correos electrónicos y el lanzamiento de la solución de capacitación CAFAI™ para modelos de lenguaje de IA.
Las reducciones de costos se lograron en parte a través de una nueva asociación con el proveedor de centros de datos TierPoint. El CEO Jason Remillard enfatizó que estas eficiencias permitirán mayores inversiones en el negocio al tiempo que ofrecen soluciones de seguridad de datos mejoradas. La empresa espera mantener estos ahorros sin incurrir en cargos únicos, con beneficios adicionales esperados de la reducción de gastos por intereses a medida que los ingresos recurrentes se acumulan.
Data443 Risk Mitigation (OTCPK: ATDS)는 주요 운영 비용 합리화 이니셔티브의 완료를 발표하며, 연간 310만 달러의 비용 절감을 달성했다고 밝혔습니다. 이 최적화는 이메일 분류 기술의 인수와 AI 언어 모델을 위한 CAFAI™ 교육 솔루션의 출시를 포함하여 회사의 최근 AI 분야 확장에 따른 것입니다.
비용 절감은 데이터 센터 제공업체인 TierPoint와의 새로운 파트너십을 통해 부분적으로 이루어졌습니다. CEO 제이슨 레밀라드는 이러한 효율성이 비즈니스에 더 많은 투자를 가능하게 하면서 강화된 데이터 보안 솔루션을 제공할 것이라고 강조했습니다. 회사는 일회성 비용 없이 이러한 비용 절감을 유지할 것으로 예상하며, 반복 수익이 누적됨에 따라 이자 비용 절감으로 인한 추가 혜택도 기대하고 있습니다.
Data443 Risk Mitigation (OTCPK: ATDS) a annoncé l'achèvement d'une importante initiative de rationalisation des dépenses opérationnelles, entraînant des économies annuelles de 3,1 millions de dollars. L'optimisation fait suite à l'expansion récente de l'entreprise dans le secteur de l'IA, y compris l'acquisition de technologies de catégorisation des e-mails et le lancement de la solution de formation CAFAI™ pour les modèles linguistiques d'IA.
Les réductions de coûts ont été en partie réalisées grâce à un nouveau partenariat avec le fournisseur de centres de données TierPoint. Le PDG Jason Remillard a souligné que ces gains d'efficacité permettront d'investir davantage dans l'entreprise tout en offrant des solutions de sécurité des données améliorées. L'entreprise s'attend à maintenir ces économies sans encourir de frais uniques, avec des avantages supplémentaires attendus grâce à la réduction des dépenses d'intérêts à mesure que les revenus récurrents s'accumulent.
Data443 Risk Mitigation (OTCPK: ATDS) hat den Abschluss einer wichtigen Initiative zur Rationalisierung der Betriebskosten bekannt gegeben, die zu 3,1 Millionen Dollar jährlichen Kosteneinsparungen geführt hat. Die Optimierung folgt auf die jüngste Expansion des Unternehmens im KI-Sektor, einschließlich der Übernahme von Technologien zur E-Mail-Kategorisierung und der Einführung der CAFAI™-Schulungslösung für KI-Sprachmodelle.
Die Kostensenkungen wurden teilweise durch eine neue Partnerschaft mit dem Datenzentrumsanbieter TierPoint erreicht. CEO Jason Remillard betonte, dass diese Effizienzsteigerungen größere Investitionen in das Unternehmen ermöglichen und gleichzeitig verbesserte Datensicherheitslösungen bieten werden. Das Unternehmen erwartet, diese Kosteneinsparungen ohne einmalige Gebühren aufrechtzuerhalten, wobei zusätzliche Vorteile aus reduzierten Zinsaufwendungen zu erwarten sind, während sich die wiederkehrenden Einnahmen summieren.
- Achieved $3.1M in annual cost savings
- Partnership with TierPoint reducing operational expenses
- No one-time charges incurred for cost optimization
- Expected reduction in interest expenses
- Historical significant financial burden from interest expenses
RESEARCH TRIANGLE PARK, N.C., March 04, 2025 (GLOBE NEWSWIRE) -- Data443 Risk Mitigation, Inc. (OTCPK: ATDS) (“Data443” or the “Company”), an AI data security and privacy software company for "All Things Data Security," today announced the completion of major operational expense rationalizations yielding immediate and long-term financial benefits.
"As part of our march toward profitability and operational efficiencies across all acquisitions, we have successfully eliminated over
This cost optimization initiative follows the Company's recent expansion in the AI sector, including an acquisition focused on email categorization and classification technologies and the launch of its innovative CAFAI™ training solution for AI large language models. Additionally, the newly established relationship with leading data center provider TierPoint, announced last week, has contributed significantly to these operational expense reductions.
Renewed Focus on Efficiency and Growth
"As the broader market recovers globally, we continue to identify new opportunities for a disciplined, optimization-focused approach in our operating reviews and deal structures, enabling us to deliver more unique, forward-leaning data security solutions for our customers," Remillard continued. "These efficiencies drive higher quality and more focused product capabilities for customers while enabling greater investments in the business. Furthermore, as our recurring revenue continues to compound, the Company will realize additional cost savings around interest expense, which has historically been a significant financial burden."
The Company expects to maintain these efficiencies consistently for current business operations without incurring any one-time charges.
These operational improvements coincide with significant market validation of AI-powered email security solutions, evidenced by Abnormal Security's anticipated IPO and growing enterprise demand for intelligent security platforms such as Sailpoint.
Forward-Looking Statements
This press release contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by use of terms such as "expect," "believe," "anticipate," "may," "could," "will," "should," "plan," "project," "intend," "estimate," "predict," "potential," "pursuant," "target," "continue" or the negative of these words or other comparable terminology. 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, or regarding the anticipated consummation of any transaction, are forward-looking statements. These statements are not guarantees of future performance and are subject to numerous risks, uncertainties and assumptions, many of which are difficult to predict or are beyond Data443's control. These risks, uncertainties and assumptions could cause actual results to differ materially from the results expressed or implied by the statements. They may relate to the outcome of litigation, settlements and investigations; actions by third parties, including governmental agencies; volatility in customer spending; global economic conditions; inability 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 the Company’s charter documents; and the uncertainties created by global health issues, such as the ongoing outbreak of COVID, and political unrest and conflict, such as the invasion of Ukraine by Russia. These and other important risk factors are described more fully in the Company’s reports and other documents filed with the Securities and Exchange Commission ("the SEC"), including in Part I, Item 1A of the Company’s Annual Report on Form 10-K filed with the SEC on April 17, 2024, and subsequent filings with the SEC. Undue reliance should not be placed on the forward-looking statements in this press release, which are based on information available to the Company on the date hereof. Except as otherwise required by applicable law, Data443 undertakes no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events or otherwise.
“DATA443” is a registered trademark 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 press release are for identification purposes only. Use of these names, trademarks and brands does not imply endorsement.
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FAQ
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