Goldman Small Cap Research Issues Research Update on Data443 Risk Mitigation Inc.

BALTIMORE, MD / ACCESSWIRE / November 26, 2019 / Goldman Small Cap Research, a stock market research firm specializing in the small cap and microcap sectors, announced today that it has released a new research update on emerging cybersecurity provider Data443 Risk Mitigation, Inc. (OTC PINK:ATDS), formerly known as LandStar, Inc., highlighting recent events and potential future share price valuations. To read this update, listen to/view recent Data 443 and LandStar podcasts, reports and updates, along with disclosures and disclaimers, or to download them in their entirety, please visit http://www.goldmanresearch.com.

In the Goldman Small Cap Research Opportunity Research Update, analyst Rob Goldman offers key insights into valuations for the Company and its peer group.

Goldman noted, "ATDS is enjoying impressive revenue growth and an enviable financial performance, as evidenced by 3Q19 results. Revenue literally rose from zero to $628,000 in one year, and with net billings of $1.1M and deferred revenue of $927,000, the future is bright. Plus, ATDS is nearly cash-flow positive, reflecting its $5M reduction in debt (35% of debt) from the year ago period. Separately, ATDS' shares outstanding has decreased by 15% due to the recent litigation settlement which also eliminates a potential stock sale overhang."

"This overlooked, pure play data security company appears undervalued relative to its peers, and we believe that the spread could narrow in the coming months. The current ATDS Price/Sales multiple on 2019 forecasts is a paltry 3.5x versus 8.6x for the publicly traded peer group, including Varonis and Sailpoint. Using the same multiple, ATDS' current upside potential represents more than 2.5x the current stock price level, and a much greater premium next year," concluded Goldman.

About Goldman Small Cap Research: Founded in 2009 by former Piper Jaffray analyst and mutual fund manager Rob Goldman, Goldman Small Cap Research produces sponsored and non-sponsored small cap and microcap stock research reports, articles, stock market blogs, and popular investment newsletters.

Goldman Small Cap Research is not in any way affiliated with Goldman Sachs & Co.

This press release contains excerpts of our most recently published sponsored company research report on Data443 Risk Mitigation, Inc. formerly LandStar, Inc., which carries a rating and a price target. The information used and statements of fact made have been obtained from sources considered reliable but we neither guarantee nor represent the completeness or accuracy. Goldman Small Cap Research relied solely upon information derived from Data443 Risk Mitigation, Inc. ("the Company") authorized press releases or legal disclosures made in its filings with the U.S. Securities and Exchange Commission http://www.sec.gov.

Separate from the factual content of our report about the Company, we may from time to time include our own opinions about the Company, its business, markets and opportunities. Any opinions we may offer about the Company are solely our own, and are made in reliance upon our rights under the First Amendment to the U.S. Constitution, and are provided solely for the general opinionated discussion of our readers. Our opinions should not be considered to be complete, precise, accurate, or current investment advice. Statements herein may contain forward-looking statements and are subject to significant risks and uncertainties affecting results.

A Goldman Small Cap Research report, update, newsletter, article, trading alert, corporate profile, or press release is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed is to be used for informational purposes only. Please read all associated full disclosures, disclaimers, and analyst background on our website before investing. Neither Goldman Small Cap Research nor its parent is a registered investment adviser or broker-dealer with FINRA or any other regulatory agency. To download this research report or any of our research, view our disclosures and disclaimers, or for more information, visit www.goldmanresearch.com. Since 2018, Goldman Small Cap Research has been compensated by the Company in the amount of $6800 for a research subscription service, including reports, alerts, updates and podcasts, and $1500 by a third party.

About Data443 Risk Mitigation, Inc.: Data443 Risk Mitigation, Inc. (OTCPINK:ATDS) formerly LandStar, Inc., is an emerging cybersecurity leader, with expertise and broad deployment for use in critical applications. Data443 enables secure data – across local devices, network, cloud, and databases – at rest and in flight. The Company's suite of products and services provide: simple, secure and cost-effective email and enterprise archiving and management solutions; a market leading secure, cloud-based platform for the management, protection and distribution of digital content; award-winning data classification and governance technology, which supports CCPA, LGPD and GDPR compliance; a turnkey and outsourced DPO capability for smaller organizations; and the leading Data transport, transformation and delivery product trusted by leading financial organizations worldwide. Data443 boasts 20,000 active users enables organizations of all sizes to comply with the GDPR and other privacy frameworks.

For more information, please visit: www.Data443.com

Goldman Small Cap Research
Rob Goldman, Analyst
410-609-7100
rob@goldmanresearch.com

SOURCE: Goldman Small Cap Research

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