Data443 Risk Mitigation, Inc.
ATDSdata completeness 75%9 fiscal years on fileData notes: no data for concept 'totalDebt'; no data for concept 'incomeTaxExpense'
i. The business — what you’d actually own
| Figure | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|
| Revenue | $3.61M1 | $2.63M2 | $5.58M3 | $4.87M4 | $4.42M4 |
| Net income | −$6.48M5 | −$9.71M6 | −$4.24M7 | −$6.09M8 | −$2.57M8 |
| Operating cash flow | −$855,5409 | −$1.25M10 | $782,10111 | $1.28M12 | $1M12 |
| Capital expenditure | $138,33113 | $311,12814 | $185,52315 | — | — |
| Free cash flow (derived) | −$993,8719 | −$1.56M10 | $596,57811 | — | — |
| Total debt | — | — | — | — | — |
| Cash & equivalents | $016 | $017 | $018 | $019 | $019 |
| Diluted shares | 94,708 | 3,567 | 272,874 | 723,538 | 729.0M |
Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom).
ii. Your slice — ownership made literal
If you owned
shares
Net assets behind them
−$0.2
your share of equity
Profit it earned you last year
−$0.04
Free cash flow it threw off
—
Debt you’d be carrying
—
10 shares is a claim on −$0.2 of net worth that earned you −$0.04 last year.
iii. Is this a good business?
Moat signal · return on equity
— avg · 5y
Not enough data in the filings for a return-on-capital reading.
seeing a moat in the numbers →Management signal · capital allocation
+769682% shares · 5y
Share count is up 769682% over 5 years — owners have been diluted. Worth asking what they got for it.
reading capital allocation →Signals, not verdicts — read from the filings above. Numbers don’t prove a moat; they show its footprint. You decide.
iv. What it’s worth — engine v0.1.0
DCF · Growth Exit 10Y
not applicable
3y-median FCF non-positive — growth-exit DCF not applicable (see EPV)
DCF · Growth Exit 5Y
not applicable
3y-median FCF non-positive — growth-exit DCF not applicable (see EPV)
Earnings Power Value
not applicable
normalized (5y-median) earnings non-positive — EPV undefined
Graham Number
not applicable
diluted EPS missing or non-positive — Graham Number undefined
Different models answer different questions — which to trust when →
Sources — the receipts
- 10-K/A · period ending 2021-12-31 · accession 0001493152-23-030030 (RevenueFromContractWithCustomerExcludingAssessedTax)
- 10-K · period ending 2022-12-31 · accession 0001493152-24-014964 (RevenueFromContractWithCustomerExcludingAssessedTax)
- 10-K/A · period ending 2023-12-31 · accession 0001641172-25-015309 (RevenueFromContractWithCustomerExcludingAssessedTax)
- 10-K · period ending 2024-12-31 · accession 0001493152-26-016943 (RevenueFromContractWithCustomerExcludingAssessedTax)
- 10-K/A · period ending 2021-12-31 · accession 0001493152-23-030030 (NetIncomeLoss)
- 10-K · period ending 2022-12-31 · accession 0001493152-24-014964 (NetIncomeLoss)
- 10-K/A · period ending 2023-12-31 · accession 0001641172-25-015309 (NetIncomeLoss)
- 10-K · period ending 2024-12-31 · accession 0001493152-26-016943 (NetIncomeLoss)
- 10-K/A · period ending 2021-12-31 · accession 0001493152-23-030030 (NetCashProvidedByUsedInOperatingActivities)
- 10-K · period ending 2022-12-31 · accession 0001493152-24-014964 (NetCashProvidedByUsedInOperatingActivities)
- 10-K/A · period ending 2023-12-31 · accession 0001641172-25-015309 (NetCashProvidedByUsedInOperatingActivities)
- 10-K · period ending 2024-12-31 · accession 0001493152-26-016943 (NetCashProvidedByUsedInOperatingActivities)
- 10-K/A · period ending 2021-12-31 · accession 0001493152-23-030030 (PaymentsToAcquirePropertyPlantAndEquipment)
- 10-K · period ending 2022-12-31 · accession 0001493152-24-014964 (PaymentsToAcquirePropertyPlantAndEquipment)
- 10-K/A · period ending 2023-12-31 · accession 0001641172-25-015309 (PaymentsToAcquirePropertyPlantAndEquipment)
- 10-K/A · period ending 2021-12-31 · accession 0001493152-23-030030 (CashAndCashEquivalentsAtCarryingValue)
- 10-K · period ending 2022-12-31 · accession 0001493152-24-014964 (CashAndCashEquivalentsAtCarryingValue)
- 10-K/A · period ending 2023-12-31 · accession 0001641172-25-015309 (CashAndCashEquivalentsAtCarryingValue)
- 10-K · period ending 2024-12-31 · accession 0001493152-26-016943 (CashAndCashEquivalentsAtCarryingValue)