TMCnet News
DATA443 REPORTS STRONG FIRST QUARTER RESULTS, LED BY 75% INCREASE IN REVENUERESEARCH TRIANGLE PARK, NC, April 15, 2021 (GLOBE NEWSWIRE) -- Data443 Risk Mitigation, Inc. (“Data443” or the “Company”) (OTCPK: ATDS), a leading data security and privacy software company, today announced operating results for the quarter ended March 31, 2021. Business Accomplishments and Highlights for the First Quarter of 2021
Management Commentary: Jason Remillard, Data443’s founder and Chief Executive Officer, commented, “We continue to see the pandemic recovery resulting in new business activity for the Company. Many large-scale projects on hold from the early stages of the pandemic have been brought back to the table for execution with new urgency. Indeed, in many cases, the urgency has grown, and clients demand faster delivery of solutions. “Building upon our solid 2020 results, 2021 continues to demonstrate our capabilities and the success of our business plan. Although the world is still very much in a pandemic situation, we continue to retain our customers, deliver value, and grow in key segments. Additionally, we executed key debt management actions to simplify our balance sheet and prepare for more effective and efficient financing vehicles. “The launch of our streamlined marketing initiatives in 2021 is the foundation with which we will capture new clients, with upgraded messaging and a combined privacy-first storyline that ties in our current and planned acquisitions. Data443 will execute these programs throughout the year. They will be a combination of virtual and hybrid-virtual as the year progresses, and various portions of the world respond to pandemic restrictions easing. Either way, we plan a balanced and effective sales and marketing plan that adjusts to current environments that are appropriate for each region for maximum effectiveness. “Our new product enhancements and services continue to be industry-leading, and our most recent Ransomware Recovery Manager™ is no exception. Providing clients not only a ransomware protection system, but a full device recovery platform is unique to the industry and places Data443 again at the forefront of senior IT leaders’ minds as providing capabilities that have immediate value and business need.” Remillard concluded by stating, “The first Quarter of 2021 has delivered as expected. Many projects are being taken back off the shelf, and a new sense of urgency surrounding data privacy with continued breaches, ransomware, and data loss occurring worldwide. Our hundreds of enterprise customers include leading brand names in a diverse set of industries, such as financial services, healthcare, manufacturing, retail, technology, and telecommunications. The rest of 2021 will see further enhancements to our product offerings and a robust go-to-market strategy fueled by new technology alliances within the IT infrastructure and security vendor ecosystem. We feel we are well-positioned to continue to benefit from these market conditions that we have prepared for over a long time. Once again, we thank all of our key stakeholders, including our loyal stockholders, for their continued support.” First Quarter 2021 Financial Highlights:
About Data443 Risk Mitigation, Inc. Data443 Risk Mitigation, Inc. (OTCPK: ATDS), is an industry leader in All Things Data Security™, providing software and services to enable secure data across local devices, network, cloud, and databases, at rest and in flight. Its suite of products and services is highlighted by: For more information, please visit http://www.data443.com. Forward-Looking Statements The statements contained 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 “may,” “will,” “could,” “should,” “expect,” “plan,” “project,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “pursuant,” “target,” “continue,” and similar expressions are intended to identify such forward-looking statements. The 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 that are not historical facts, are forward-looking statements within the meaning of the 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 by 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, results of litigation, settlements and investigations; actions by third parties, including governmental agencies; volatility in customer spending; global economic conditions; ability 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 our charter documents; and, the uncertainties created by the ongoing outbreak of a respiratory illness caused by the 2019 novel coronavirus that was recently named by the World Health Organization as COVID-19. These and other important risk factors are described more fully in our reports and other documents filed with the Securities and Exchange Commission (“the SEC”), including under (i) “Part I, Item 1A. Risk Factors”, in our Registration Statement on Form 10 filed with the SEC on January 11, 2019 and amended on April 24, 2019; (ii) “Part I, Item 1A. Risk Factors”, in our Annual Report on Form 10-K filed with the SEC on March 23, 2021; and, (iii) subsequent filings. Undue reliance should not be placed on the forward-looking statements in this press release, which are based on information available to us on the date hereof. Except as otherwise required by applicable law, we undertake no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events, or otherwise. The Data443™ logo, ClassiDocs™ logo, ARALOC™ logo, ARCMAIL®, DATAEXPRESS® and FILEFACETS® are all registered trademarks 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 website are for identification purposes only. Use of these names, trademarks and brands does not imply endorsement. All other trademarks cited herein are the property of their respective owners. For Further Information: Follow us on Twitter: https://twitter.com/data443Risk
|