Data443 Risk Mitigation Reports Operating Results For the Year Ended December 31, 2019 - Seite 2

“We have made great strides in executing on our vision for success, to position Data443 as a leading provider of data privacy and security services that meet the growing challenges faced by organizations in highly regulated, risk and compliance-intensive markets. We’ve acquired long-standing businesses with high quality intellectual property and talent, producing monthly recurring revenue with very strong renewal rates. We’ve successfully integrated these businesses within Data443, providing our clients with a growing portfolio of services at their disposal.

“In the current COVID-19 environment, we are fortunate that our services continue to be used by a diverse group of customers whose businesses are continuing to operate, with several considered to be an essential service. We are highly engaged with our customers helping them to navigate the new challenges they are facing, continuing to fully service their needs during these difficult times. Our employees remain fully engaged, and we believe our business continuity plan is working well.

“We are the only organization in the marketplace that provides the effective end to end solution for privacy compliance management.  Our most recent launch of the Global Privacy Manager back ended by the leading ClassiDocs product is indicative of the end to end solution – providing a privacy management solution for clients of all sizes, in all locations with clients of all types.  Our mission is to provide capabilities for all of these customers and enable them immediately at prices and onboarding times that are consumable and relevant to their needs.  As the California AG has reiterated as recently as last week – the CCPA will be enforced with rigor starting July 2020 and we look forward to helping our customers through these trying times.”

"In conclusion, I want to thank our loyal employees, customers and shareholders for your continued support. Much like many other microcap companies, our stock price today clearly doesn’t represent what I believe to be the underlying value of Data443. We continue to improve execution, drive additional revenue and close acquisitions that are accretive and fit within our unique framework,” concluded Mr. Remillard.

Fiscal Year 2019 Financial Results:
Total revenues were $1,453,000 during the year ended December 31, 2019, compared to $29,000 of revenue for the year ended December 31, 2018. Total deferred revenues were $729,000 as of December 31, 2019, compared with $29,000 as of December 31, 2018.