Wednesday, 05 February 2020 08:50 AM
Company Update
BALTIMORE, MD / ACCESSWIRE / February 5, 2020 / 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, potential future share price valuations, and business development. 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 and prospects for the Company.
Recent Moves May Raise Value and De-Risk Opportunity
Goldman noted, "The ATDS CEO made the ultimate moves that demonstrate his 100% commitment to ATDS and its shareholders. He personally entered into privately negotiated agreements on $2M in principal convertible notes which enhance capital structure and cash flow. Moreover, it aids working capital, and M&A. Plus, changes in a $1.7M note provides for further capital improvements. These events could lift key overhangs and give ATDS favorable future flexibility."
Enviable Corporate Success Has Been Overlooked
"ATDS offers what is the longest running DRM platform for mobile. Moreover, in its open source solution, ATDS boasts over 30,000 users---this number rivals and exceeds some of the largest and leading companies in the space. Clearly, many are ripe for conversion to paying customers and thousands are trusted relationships---a highly valuable and hidden asset. New cloud-based, multi-functional and integrated offerings are slated to be introduced following a series of customer tests. This new integrated platform could generate $1500/mo/per customer seeking comprehensive data and privacy solutions," commented Goldman.
ATDS Represents an M&A Prospect
Goldman concludes, "Revenue could approach $1.8M for 2019 and possibly $5M in 2020-the first full year that its three acquisitions will generate revenue and organic growth is demonstrated. This excludes potential 2H20 M&A. Based on these forecasts, ATDS is undervalued relative to current prices and its peer group on a prie revenue basis. Furthermore, once additional M&A is executed, these figures will likely have to be revised upward. In the meantime, ATDS could be viewed as an attractive takeover candidate. It has a large open- source user base, broad customer base, and low relative industry valuation. An acquirer could buy ATDS and grab tech and market share for a fraction of the industry's valuations. Thus, opportunistic investors may view prices represent an attractive entry point."
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 $2700 by a third party.
For more information about the company, please visit: www.Data443.com
Goldman Small Cap Research
Rob Goldman, Analyst
410-609-7100
[email protected]
SOURCE: Goldman Small Cap Research