ATDS
Data443 Risk Mitigation, Inc.0.0003
+0.0000+0%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
188.99KP/E (TTM)
0.00Basic EPS (TTM)
8.42Dividend Yield
0%Recent Filings
10-Q
Q3 FY2025 results
Data443 narrowed Q3 losses to $602K from $1.3M y/y, with revenue dipping 22% to $899K yet gross margins holding at 61% amid Cyren cost cuts. Nine-month revenue fell 8% to $3.5M but gross profit jumped 26% to $2.5M (73% margin) on 47% lower costs, while operating expenses dropped 30% q/q and 16% y/y; net loss shrank 64% to $1.6M, driven by lower interest. Cash generated $109K from operations but ended at $49K after financing outflows, with $18M liabilities and multiple convertible note defaults. Massive dilution hit: shares exploded from 1.2M to 498M. Operating cash positive. Liquidity strains persist.
10-Q
Q2 FY2025 results
Data443 Risk Mitigation swung to a slim operating loss of $28,604 in Q2 FY2025 ended June 30, 2025, a sharp improvement from $753,785 the prior year, while revenue climbed 25% year-over-year to $1.43M on stronger Cyren Engine cybersecurity sales and legacy product renewals. Gross margins soared to 84% from 30%, thanks to cost cuts in the Cyren data center footprint, though YTD revenue dipped 2% to $2.60M amid integration efforts. Cash dwindled to $59.7K from $168.2K at year-end, with operating cash use at $32K and total debt hovering near $8.5M including multiple matured convertible notes in default; free cash flow not disclosed in the 10-Q. The pending Centurion SmartShield acquisition, tied to a $2.73M advance, eyes ransomware recovery tech to bolster the lineup. Yet intense competition in data security could squeeze margins further.
10-Q
Q1 FY2025 results
Data443 Risk Mitigation posted Q1 FY2025 revenue of $1.2M, down 23% year-over-year from one-time catchup payments tied to the Cyren assets acquisition, yet gross profit held at 68%—up from 59% last year—thanks to sharp cost cuts in operations. Operating loss narrowed to $342K from $560K, while net loss shrank 58% to $677K, mainly from lower interest expense after converting $212K in notes to stock. Cash dipped to $18K amid $164K operating burn, but receivables climbed to $155K; total debt stands at $8.7M, with multiple notes in default and ongoing lender talks. The pending Centurion SmartShield acquisition, started in 2022 for $3.4M (cash, note, contingent), eyes completion in 2025 to bolster ransomware defenses. Liquidity strains persist. Intense competition in data security could erode market share.
10-K
FY2024 results
Data443 Risk Mitigation posted FY2024 revenue of $4.9M, down 13% y/y from $5.6M, as one-time catchup payments from the Cyren asset acquisition faded, though organic growth in storage and volume-based services held steady per ARR trends. Q4 showed sequential stabilization with gross margins compressing to 58% from 69% annually, driven by higher Cyren-related costs, while operating expenses fell 11% to $5.9M on cost-cutting. Net loss widened 43% to $6.1M, fueled by $2.7M interest and a $160K settlement hit, against $4.2M prior year. Liquidity strained at $168K cash versus $17M liabilities, with $1.3M operating cash flow but $1.1M financing outflows; no dividends or buybacks, capex nil. No annual guidance disclosed. Intense competition from larger players risks eroding quarterly momentum.
8-K
Auditor switch announced
Data443 Risk Mitigation dismissed TPS Thayer as its auditor on February 14, 2025, after clean opinions for 2023 and 2022—save going-concern notes—and engaged HTL International in its place. No disagreements arose, but material weaknesses in account reconciliations and financial precision lingered. The board approved the switch swiftly. Clean audits help, yet weaknesses persist.
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