DATA443 CONTINUES RAPID GROWTH WITH RECORD RESULTS FOR FIRST HALF OF 2021 - Seite 2

Remillard concluded by stating, “The accelerated tailwinds of greater digital transformation and data security demands positions us exceedingly well to deliver to our customers over the long term, which will certainly benefit our shareholders. We plan to further capitalize on the market opportunities ahead of us every day, from the pursuit of new business opportunities to the steady flow of acquisition candidates that we evaluate on a regular basis. I'm very proud of the trust we've earned from our customers, our partners and our strategic relationships, which includes some of the largest and most essential institutions in the world. We do not take this lightly. I would like to thank all of our key stakeholders, including our loyal shareholders, for their continued support.”

First Half 2021 Financial Highlights:

• We recognized $762,000 and $1,600,000 of revenue during the three and six months ended June 30, 2021, respectively, compared to $466,000 and $944,000 of revenue during the three and six months ended June 30, 2020 – representing an increase of 64% and 70%, respectively
  
• General and administrative expenses for the six months ended June 30, 2021, were $2,745,000, compared to $3,091,000 for the six months ended June 30, 2020, a decrease of $346,000 – representing a decrease of 11%. The decrease in general and administrative expense was primarily due to a decrease in amortization of intangible assets.

• The net loss for the six months ended June 30, 2021 was $3,722,000 compared to a net loss of $12,754,000 for the six months ended June 30, 2020, representing a reduction of 71%. The net loss for the six months ended June 30, 2021 was mainly derived from an operating loss of $1,553,000 and interest expense of $1,577,000. The net loss for the six months ended June 30, 2020 was mainly derived from an operating loss of $2,349,000; interest expense of $1,072,000; and, a loss on change in fair value of derivative liability of $9,279,000.

The Form 10-Q filing is available at the SEC: https://www.sec.gov/ix?doc=/Archives/edgar/data/0001068689/00014931522 ...

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:
(i) Data443 Ransomware Recovery Manager, built for the modern enterprise, its capabilities are designed to recover a workstation immediately upon infection to the last known business-operable state, without any end user or IT Administrator efforts;