Data443 Risk Mitigation (OTCMKTS:ATDSD) dropped 15% after announcing its operating results for the year ending December 31, 2021.
Market Reaction
On Friday, ATDSD stock slid 15.33% to $6.35 with more than 731 shares, compared to its average volume of 620 shares. The stock moved within a range of $6.35 – 7.50 after opening trade at $7.50.
Data443 Reports 46% Increase in Revenue, 41% Increase in Gross Profit in Fiscal Year 2021
The ALL THINGS DATA SECURITY privacy software and data security form secured the biggest contract in its history with top multinational financial services firm for $1.54 million for more than 3 ½ years, plus more spending obligations for Data Placement Manager. Also, the company disclosed a 5.5-year renewal licensing deal amounting to more than $0.7 million for its Data Placement Manager with a Fortune 500 Fintech Member.
During the quarter, the company announced a three-year deal that was paid up front with a top US-based energy company and its affiliates for Data Identification Manager. Data443 announced a subscription-based deal worth Emirates NBD Group’s top banking group in the Middle East, North Africa, and Turkey (MENAT) region. In addition, the company completed the acquisition of a top Ransomware retrieval and Data Extortion Mitigation system, Centurion SmartShield. So in the coming weeks, ATDSD is worth watching.
Key Quote
Jason Remillard, Data443’s founder and Chief Executive Officer, commented, “Data443 experienced strong revenue growth in 2021, and we continue to see momentum across each of our product segments as we continue to expand our business development pipeline. We have moved quickly to ramp our capabilities to meet the growing demand for enterprise protection of data across cloud, hybrid cloud, and on-premises.”
Traders Review
ATDSD stock is trading below the 20-Day and 50-Day Moving averages of $7.78 and $10.99 respectively. Moreover, the stock is trading below the 200-Day moving average of $24.06.
