Data443 Risk Mitigation Inc. (OTC:ATDS) Stock Falls Despite the Product Launch
The data security space helps guard hundreds of billions worth of important data, and hence, it is a sector that is only going to grow, which brings us to the subject of Data443 Risk Mitigation Inc. (OTC:ATDS). Yesterday the company hit the news cycle after it made a new announcement about new capabilities.
The Update
In the news release from the company on Tuesday, it was noted that Data443 Risk Mitigation had attained new capabilities in the realms of product line governance and data classification. The new capabilities had been packaged into a new product named ClassForAI, and the announcement yesterday was primarily about the product launch. The company noted that the latest launch would also leverage Data443 Risk Mitigation’s considerable investments in the fields of machine learning and eventually lead to greater adoption of LLMs and AI by customers.
Further Details
Data443 Risk Mitigation announced that the capabilities of the product also included access to its new data center facilities located in Research Triangle Park and Data LLM Training Engineering. It would enable the users to create their own AI engine and have their internal documents created with the power of a confidential and private AI model. It may be a good time to keep an eye on the stock today.
Key Quote
“As we spoke to analysts about our approach, the result was the ‘same—’Customers are struggling with what to do, don’t trust the public cloud, and really do not have the capabilities inside their own business. Plus, they are nervous about disclosure of sensitive content to employees and customers. Customers have no way of separating this data,” stated Jason Remillard, CEO and Founder of Data443.
Key Statistics
| Market Capitalization, $K | 15 |
| Enterprise Value, $K | 1,385 |
| Shares Outstanding, K | 1,523 |
| Annual Sales, $ | 5,580 K |
| Annual Net Income, $ | -4,240 K |
| Last Quarter Sales, $ | 1,150 K |
| Last Quarter Net Income, $ | -1,280 K |
| EBIT, $ | -2,310 K |
| EBITDA, $ | 50 K |
| 60-Month Beta | 33.24 |
| % of Insider Shareholders | 14.40% |
| % of Institutional Shareholders | 0.00% |
| Float, K | 1,304 |
| % Float | 85.60% |
