Data443 Risk Mitigation Inc - ATDS STOCK NEWS

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.

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.