Data443 Completes Operational Expense Rationalization
RESEARCH TRIANGLE PARK, N.C., March 04, 2025 (GLOBE NEWSWIRE) -- Data443 Risk Mitigation, Inc. (OTCPK: ATDS) (“Data443” or the “Company”), an AI data security and privacy software company for "All Things Data Security, " today announced the completion of major operational expense rationalizations yielding immediate and long-term financial benefits.
$3.1 Million in Annual Cost Savings Achieved
"As part of our march toward profitability and operational efficiencies across all acquisitions, we have successfully eliminated over $3.1 million in annualized operational expenses from our current operations, " stated Jason Remillard, CEO of Data443.
This cost optimization initiative follows the Company 's recent expansion in the AI sector, including an acquisition focused on email categorization and classification technologies and the launch of its innovative CAFAI™ training solution for AI large language models. Additionally, the newly established relationship with leading data center provider TierPoint, announced last week, has contributed significantly to these operational expense reductions.
Renewed Focus on Efficiency and Growth
"As the broader market recovers globally, we continue to identify new opportunities for a disciplined, optimization-focused approach in our operating reviews and deal structures, enabling us to deliver more unique, forward-leaning data security solutions for our customers, " Remillard continued. "These efficiencies drive higher quality and more focused product capabilities for customers while enabling greater investments in the business. Furthermore, as our recurring revenue continues to compound, the Company will realize additional cost savings around interest expense, which has historically been a significant financial burden. "
The Company expects to maintain these efficiencies consistently for current business operations without incurring any one-time charges.
These operational improvements coincide with significant market validation of AI-powered email security solutions, evidenced by Abnormal Security 's anticipated IPO and growing enterprise demand for intelligent security platforms such as Sailpoint.
Forward-Looking Statements
This press release contains forward-looking statements. These statements are made under the "safe harbor " provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by use of terms such as "expect, " "believe, " "anticipate, " "may, " "could, " "will, " "should, " "plan, " "project, " "intend, " "estimate, " "predict, " "potential, " "pursuant, " "target, " "continue " or the negative of these words or other comparable terminology. Statements in this press release that are not historical statements, including statements regarding Data443 's plans, objectives, future opportunities for Data443 's services, future financial performance and operating results, and any other statements regarding Data443 's future expectations, beliefs, plans, objectives, financial conditions, assumptions or future events or performance, or regarding the anticipated consummation of any transaction, are forward-looking statements. These statements are not guarantees of future performance and are subject to numerous risks, uncertainties and assumptions, many of which are difficult to predict or are beyond Data443 's control. These risks, uncertainties and assumptions could cause actual results to differ materially from the results expressed or implied by the statements. They may relate to the outcome of litigation, settlements and investigations; actions by third parties, including governmental agencies; volatility in customer spending; global economic conditions; inability to hire and retain personnel; loss of, or reduction in business with, key customers; difficulty with growth and integration of acquisitions; product liability; cybersecurity risk; anti-takeover measures in the Company’s charter documents; and the uncertainties created by global health issues, such as the ongoing outbreak of COVID, and political unrest and conflict, such as the invasion of Ukraine by Russia. These and other important risk factors are described more fully in the Company’s reports and other documents filed with the Securities and Exchange Commission ( "the SEC "), including in Part I, Item 1A of the Company’s Annual Report on Form 10-K filed with the SEC on April 17, 2024, and subsequent filings with the SEC. Undue reliance should not be placed on the forward-looking statements in this press release, which are based on information available to the Company on the date hereof. Except as otherwise required by applicable law, Data443 undertakes no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events or otherwise.
“DATA443” is a registered trademark of Data443 Risk Mitigation, Inc.
All product names, trademarks and registered trademarks are property of their respective owners. All company, product and service names used in this press release are for identification purposes only. Use of these names, trademarks and brands does not imply endorsement.
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Investor Relations Contact:
Matthew Abenante
ir@data443.com
919.858.6542
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