{"id":381718,"date":"2020-11-16T08:33:24","date_gmt":"2020-11-16T13:33:24","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=381718"},"modified":"2020-11-16T08:33:24","modified_gmt":"2020-11-16T13:33:24","slug":"data443-releases-stellar-third-quarter-2020-financials-on-road-to-uplist-to-major-market","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/data443-releases-stellar-third-quarter-2020-financials-on-road-to-uplist-to-major-market\/","title":{"rendered":"DATA443 RELEASES STELLAR THIRD QUARTER 2020 FINANCIALS ON ROAD TO UPLIST TO MAJOR MARKET"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"center\">\n        <strong>Market Leading SaaS-Based Data Security &amp; Privacy Operation Outperforms with Growing Revenues, Thousands of Active Customers and Growing ARR <\/strong><\/p>\n<p align=\"justify\">RESEARCH TRIANGLE PARK, NC, Nov.  16, 2020  (GLOBE NEWSWIRE) &#8212; Data443 Risk Mitigation, Inc. (\u201cData443\u201d or the \u201cCompany\u201d) (OTCPK: ATDS), a leading data security and privacy software company, is pleased to announce its third quarter 2020 financial results, with continued accelerated growth in bookings, customer base and ARR. The Company filed its quarterly report on Form 10-Q with the Securities &amp; Exchange Commission earlier today, and can be found at: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=07OUWHXN_EYseQHwLs2tdq1aCiQHIEx50bniLMvNRlTDwQiwqFyeaVVLlziAHpS_HHoCqOPAlbw-wrr875vnwGXAIEOhu0hQqopfwisJ8SFpR10N1ERvoboURmlFnI4N2qshbAWitlrItapCeBKyGkYjjE8EijnJ1JcEZlchmXYJC9Mo5oSAVDc-ENC-xjnKip83azY_ZC1CNlFt4IZqZEtwpOjIk6YRWVi3XxV6j4LHW8VUQdZYhlADvg0XpJ4E\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">https:\/\/www.sec.gov\/Archives\/edgar\/data\/1068689\/000149315220021394\/form10-q.htm<\/a><\/p>\n<p align=\"justify\">Major Key Highlights include:<\/p>\n<ul type=\"disc\">\n<li>Nearly $3,000,000 of toxic convertible debt paid-off or converted 9-months ended and counting\n<ul type=\"circle\">\n<li>Major reduction of overhang and drag on financing activities<\/li>\n<\/ul>\n<\/li>\n<li>Closed 3 new acquisitions \u2013 all with leading technology stacks, customer bases and intellectual property<\/li>\n<li>Paid down over $500,000 in acquisition-related notes in cash<\/li>\n<li>Significantly increased cash flow performance when compared to same period last year<\/li>\n<li>Company historic quarterly record bookings of $835,000<\/li>\n<li>Best revenue quarter in Company\u2019s history<\/li>\n<li>Reduction of G&amp;A expenses of 35%<\/li>\n<li>Deferred revenues continue to increase, this quarter up 21%<\/li>\n<li>Net reduction of debt increased equity by $12,500,000<\/li>\n<li>Cancellation of 250,000 warrants, and settlement of 38,000,000 warrants<\/li>\n<li>Addition of over 160,000 new active users to our WordPress technology stack<\/li>\n<li>Addition of over 7,000 net new customers<\/li>\n<\/ul>\n<p align=\"justify\">Jason Remillard, CEO of Data443, commented, \u201cThis quarter continued to be an all-hands-on deck effort by the entire team, and we continued to deliver. We will have a more detailed analysis of the quarterly results forthcoming; however, we are excited to provide the initial highlights today that really standout for this very busy quarter for the company. We expect to continue to have a very active Q4 corporately and with our clients, more news to follow.\u201d<\/p>\n<p align=\"justify\">\u201cAlso, please do join us this week for our regular Business Update Call where I will discuss some of our activities from Q3, plans for Q4 and of course 2021! One of my favorite things to do \u2013 I am excited for this event!\u201d<\/p>\n<p align=\"justify\">Investors and other interested parties may submit their questions ahead of time by emailing Investor Relations at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=0JmBEbdWj3z5UtqiNb-gU4_woSVjZPaYRCG3QTuOwPqlIz0qSC0yWTM2nlNaGDt0oMw1YmkRvHmZeSMmBeBH6g==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">ir@data443.com<\/a> \u2013 Online registration is available at: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=07OUWHXN_EYseQHwLs2tdmgg9rWvMRZOUqhMI003aRYsjKMDl1Hlsqbe9lvhkE2thL2-zA5nGTGn5VUXaPU7M8kAmoD1cGnWEX9aaEEe5vQFpdTmTCZUGcWzgw02DRUmTu5JC2MUIs40mLP10FGzwHQT5a_fYVmycRurRIxtuE6RW1ZWcVQlq7P3H8vP6kmqICgKLsPsuFQlucLQbaEWCw==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">https:\/\/us02web.zoom.us\/webinar\/register\/WN_3yfYIRn2S2ikdr2agg16nw<\/a>.<\/p>\n<p>\n        <strong>About Data443 Risk Mitigation, Inc.<\/strong>\n      <\/p>\n<p align=\"justify\">Data443 Risk Mitigation, Inc. (OTCPK: ATDS), is the de facto industry leader in Data Privacy Solutions for <em>All Things Data Security<sup>\u2122<\/sup><\/em>, 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: (i) ARALOC<sup>\u2122<\/sup>, which is a market leading secure, cloud-based platform for the management, protection and distribution of digital content to the desktop and mobile devices, which protects an organization\u2019s confidential content and intellectual property assets from leakage \u2014 malicious or accidental \u2014 without impacting collaboration between all stakeholders; (ii) DATAEXPRESS<sup>\u00ae<\/sup>, the leading data transport, transformation and delivery product trusted by leading financial organizations worldwide; (iii) ArcMail<sup>\u2122<\/sup>, which is a leading provider of simple, secure and cost-effective email and enterprise archiving and management solutions; (iv) ClassiDocs<sup>\u00ae<\/sup> the Company\u2019s award-winning data classification and governance technology, which supports CCPA, LGPD, and GDPR compliance; (v) ClassiDocs<sup>\u2122<\/sup> for Blockchain, which provides an active implementation for the Ripple XRP that protects blockchain transactions from inadvertent disclosure and data leaks; (vi) Data443<sup>\u00ae<\/sup> Global Privacy Manager, the privacy compliance and consumer loss mitigation platform which is integrated with ClassiDocs<sup>\u2122<\/sup> to do the delivery portions of GDPR and CCPA as well as process Data Privacy Access Requests \u2013 removal request \u2013 with inventory by ClassiDocs<sup>\u2122<\/sup>; (vii) Resilient Access<sup>TM<\/sup>, which enables fine-grained access controls across myriad platforms at scale for internal client systems and commercial public cloud platforms like Salesforce, Box.Net, Google G Suite, Microsoft OneDrive and others; (viii) Data443<sup>\u2122<\/sup> Chat History Scanner, which scans chat messages for Compliance, Security, PII, PI, PCI &amp; custom keywords; (ix) the CCPA Framework WordPress plugin, which enables organizations of all sizes to comply with the CCPA privacy framework; (x) FileFacets<sup>\u2122<\/sup>,\u00a0a Software-as-a-Service (SaaS) platform that performs sophisticated data discovery and content search of structured and unstructured data within corporate networks, servers, content management systems, email, desktops and laptops; (xi) the GDPR Framework WordPress plugin, with over 30,000 active users and over 400,000 downloads it enables organizations of all sizes to comply with the GDPR and other privacy frameworks; and (xii) IntellyWP, a leading purveyor of user experience enhancement products for webmasters for the world\u2019s largest content management platform, WordPress. For more information, please visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=hRvHi2oLE5-0UgKQdv40e90AytEgq6PoxWB0B6V4CosEu9bfmQ0dMlYwOfQjhqQMBvLsjJhaa6FYt9GWAvDIA6QcQRHuxMdMpyvRmOzuRV4=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">http:\/\/www.data443.com<\/a>.<\/p>\n<p>\n        <strong>Forward-Looking Statements\u00a0<\/strong>\n      <\/p>\n<p align=\"justify\">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 \u201cmay,\u201d \u201cwill,\u201d \u201ccould,\u201d \u201cshould,\u201d \u201cexpect,\u201d \u201cplan,\u201d \u201cproject,\u201d \u201cintend,\u201d \u201canticipate,\u201d \u201cbelieve,\u201d \u201cestimate,\u201d \u201cpredict,\u201d \u201cpotential,\u201d \u201cpursuant,\u201d \u201ctarget,\u201d \u201ccontinue,\u201d 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\u2019s plans, objectives, future opportunities for Data443\u2019s services, future financial performance and operating results and any other statements regarding Data443\u2019s 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\u2019s 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 (\u201cthe SEC\u201d), including under (i) \u201cPart I, Item 1A. Risk Factors\u201d, in our Registration Statement on Form 10 filed with the SEC on January 11, 2019 and amended on April 24, 2019; (ii) \u201cPart I, Item 1A. Risk Factors\u201d, in our Annual Report on Form 10-K filed with the SEC on 17 April 2020; 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.<\/p>\n<p align=\"justify\">The Data443<sup>\u2122<\/sup> logo, ClassiDocs<sup>\u2122<\/sup> logo, ARALOC<sup>\u2122<\/sup> logo and DATAEXPRESS<sup>\u00ae<\/sup> are registered trademarks of Data443 Risk Mitigation, Inc.<\/p>\n<p align=\"justify\">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.<\/p>\n<p>\n        <strong>All other trademarks cited herein are the property of their respective owners.<\/strong>\n      <\/p>\n<p>\n        <strong>For Further Information<\/strong>:<\/p>\n<p>Follow us on Twitter:\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=07OUWHXN_EYseQHwLs2tdnNXnaRSMxtGIImr25LYikTE9NuX4rcPoND4Hvfb69XxPku93LnaDRw9Retbf8cRtNeaiySPOhoErdsCWkX-_4Vix6KqYsGsH9Cqt8pxouFQ\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><strong>https:\/\/twitter.com\/data443Risk<\/strong><br \/><\/a>Follow us on Facebook:\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=07OUWHXN_EYseQHwLs2tdtNcfvu9cIGxjDfePp7G41El7AR0jG2o6xjNQPMrP_qG-_Z6WTJDMdOKuAZbKz7Cj_5YT_s_sQ6WoOLGnL-Q1jTpCBalbsYdi329bUcJomEr\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><strong>https:\/\/www.facebook.com\/data443\/<\/strong><br \/><\/a>Follow us on LinkedIn:\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=07OUWHXN_EYseQHwLs2tdj3qAwuUeVs7THn4Wq0WZaeyPDEilnRD_aG3NRrDlrEIN13W9U8fXeIjFKBEDgTUJjn4q8WXT1ogLD2hsFAvNsksxoCmVIXsOwMmdk0Ux0py33aQmN0dYIPxGKIdxP2AbxSlLKDms5hdWm1yqmq6gVue670sc3a6r20UuutOJohI0iwhfg5koKKa62ytW1rGdA==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><strong>https:\/\/www.linkedin.com\/company\/data443-risk-mitigation-inc\/<\/strong><br \/><\/a>Signup for our Investor Newsletter:\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=07OUWHXN_EYseQHwLs2tdtEQpFgClXvwsLA5PGTo2rNf3_Z0rTclWRGORhpW-_VuKJh8o2XZYZM4f_SglGMLCPJurFT6r3T7Rm-FH9vnKLf95MrjKadtkh2tsVQhHtR0pD-D7JtU3mf1-rdex4kexw==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><strong>https:\/\/www.data443.com\/investor-relations\/<\/strong><\/a><\/p>\n<p>\n        <br \/>\n        <strong>Investor Relations Contact:<\/strong><br \/>\n        <br \/> Matthew Abenante<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=0JmBEbdWj3z5UtqiNb-gU_bbrxxS3lvGrSYrPjWfqP_-ARLIiJPeeTxdl3QIy9UMu53UwpxyGD0O14Zuc2YwEA==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">ir@data443.com<br \/><\/a>919.858.6542<\/p>\n<p \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA4NjczNiMzODI5MDgxIzUwMDA3Mjk5Nw==\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/88b045b1-3e98-499b-99a8-826c1d1f6b52\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Market Leading SaaS-Based Data Security &amp; Privacy Operation Outperforms with Growing Revenues, Thousands of Active Customers and Growing ARR RESEARCH TRIANGLE PARK, NC, Nov. 16, 2020 (GLOBE NEWSWIRE) &#8212; Data443 Risk Mitigation, Inc. (\u201cData443\u201d or the \u201cCompany\u201d) (OTCPK: ATDS), a leading data security and privacy software company, is pleased to announce its third quarter 2020 financial results, with continued accelerated growth in bookings, customer base and ARR. The Company filed its quarterly report on Form 10-Q with the Securities &amp; Exchange Commission earlier today, and can be found at: https:\/\/www.sec.gov\/Archives\/edgar\/data\/1068689\/000149315220021394\/form10-q.htm Major Key Highlights include: Nearly $3,000,000 of toxic convertible debt paid-off or converted 9-months ended and counting Major reduction of overhang and drag on financing activities Closed 3 new acquisitions &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/data443-releases-stellar-third-quarter-2020-financials-on-road-to-uplist-to-major-market\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;DATA443 RELEASES STELLAR THIRD QUARTER 2020 FINANCIALS ON ROAD TO UPLIST TO MAJOR MARKET&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-381718","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>DATA443 RELEASES STELLAR THIRD QUARTER 2020 FINANCIALS ON ROAD TO UPLIST TO MAJOR MARKET - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/data443-releases-stellar-third-quarter-2020-financials-on-road-to-uplist-to-major-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"DATA443 RELEASES STELLAR THIRD QUARTER 2020 FINANCIALS ON ROAD TO UPLIST TO MAJOR MARKET - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Market Leading SaaS-Based Data Security &amp; Privacy Operation Outperforms with Growing Revenues, Thousands of Active Customers and Growing ARR RESEARCH TRIANGLE PARK, NC, Nov. 16, 2020 (GLOBE NEWSWIRE) &#8212; Data443 Risk Mitigation, Inc. (\u201cData443\u201d or the \u201cCompany\u201d) (OTCPK: ATDS), a leading data security and privacy software company, is pleased to announce its third quarter 2020 financial results, with continued accelerated growth in bookings, customer base and ARR. The Company filed its quarterly report on Form 10-Q with the Securities &amp; Exchange Commission earlier today, and can be found at: https:\/\/www.sec.gov\/Archives\/edgar\/data\/1068689\/000149315220021394\/form10-q.htm Major Key Highlights include: Nearly $3,000,000 of toxic convertible debt paid-off or converted 9-months ended and counting Major reduction of overhang and drag on financing activities Closed 3 new acquisitions &hellip; Continue reading &quot;DATA443 RELEASES STELLAR THIRD QUARTER 2020 FINANCIALS ON ROAD TO UPLIST TO MAJOR MARKET&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/data443-releases-stellar-third-quarter-2020-financials-on-road-to-uplist-to-major-market\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-16T13:33:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA4NjczNiMzODI5MDgxIzUwMDA3Mjk5Nw==\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/data443-releases-stellar-third-quarter-2020-financials-on-road-to-uplist-to-major-market\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/data443-releases-stellar-third-quarter-2020-financials-on-road-to-uplist-to-major-market\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"DATA443 RELEASES STELLAR THIRD QUARTER 2020 FINANCIALS ON ROAD TO UPLIST TO MAJOR MARKET\",\"datePublished\":\"2020-11-16T13:33:24+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/data443-releases-stellar-third-quarter-2020-financials-on-road-to-uplist-to-major-market\\\/\"},\"wordCount\":1273,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/data443-releases-stellar-third-quarter-2020-financials-on-road-to-uplist-to-major-market\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODA4NjczNiMzODI5MDgxIzUwMDA3Mjk5Nw==\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/data443-releases-stellar-third-quarter-2020-financials-on-road-to-uplist-to-major-market\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/data443-releases-stellar-third-quarter-2020-financials-on-road-to-uplist-to-major-market\\\/\",\"name\":\"DATA443 RELEASES STELLAR THIRD QUARTER 2020 FINANCIALS ON ROAD TO UPLIST TO MAJOR MARKET - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/data443-releases-stellar-third-quarter-2020-financials-on-road-to-uplist-to-major-market\/","og_locale":"en_US","og_type":"article","og_title":"DATA443 RELEASES STELLAR THIRD QUARTER 2020 FINANCIALS ON ROAD TO UPLIST TO MAJOR MARKET - Market Newsdesk","og_description":"Market Leading SaaS-Based Data Security &amp; Privacy Operation Outperforms with Growing Revenues, Thousands of Active Customers and Growing ARR RESEARCH TRIANGLE PARK, NC, Nov. 16, 2020 (GLOBE NEWSWIRE) &#8212; Data443 Risk Mitigation, Inc. (\u201cData443\u201d or the \u201cCompany\u201d) (OTCPK: ATDS), a leading data security and privacy software company, is pleased to announce its third quarter 2020 financial results, with continued accelerated growth in bookings, customer base and ARR. 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