<span item_type="fundamental" item_id="53ffe2804847c7a2f61bd2b2d83d2cfe" counter_id="ST/US/ATDS" env="prod"></span><span item_type="announcement" item_id="528079743231331585" env="prod"></span><p>Revenue: As of FY2024, the actual value is USD 4.872 M.</p><p>EBIT: As of FY2024, the actual value is USD -3.065 M.</p><p></p><h3>Revenue</h3><ul><li>Total revenue for the year ended December 31, 2024, was $4,872,422, a decrease of 13% from $5,578,942 in 2023.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1068689/000164117225015290/form10-k.htm"></span></li></ul><h3>Cost of Revenue</h3><ul><li>Cost of revenue increased by 17% to $2,023,623 in 2024 from $1,726,187 in 2023.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1068689/000164117225015290/form10-k.htm"></span></li></ul><h3>Gross Profit</h3><ul><li>Gross profit for 2024 was $2,848,799, a decrease of 26% from $3,852,755 in 2023.</li><li>Gross profit percentage decreased to 58% in 2024 from 69% in 2023.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1068689/000164117225015290/form10-k.htm"></span></li></ul><h3>Operating Expenses</h3><ul><li>Total operating expenses decreased by 11% to $5,913,323 in 2024 from $6,637,214 in 2023.<ul><li>General and administrative expenses decreased by 14% to $5,276,032 in 2024 from $6,149,243 in 2023.</li><li>Sales and marketing expenses increased by 31% to $637,291 in 2024 from $487,971 in 2023.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1068689/000164117225015290/form10-k.htm"></span></li></ul></li></ul><h3>Other Income (Expense)</h3><ul><li>Total other expenses increased by 107% to $3,022,658 in 2024 from $1,460,249 in 2023.<ul><li>Interest expense was $2,742,421 in 2024, compared to $6,417,407 in 2023.</li><li>Loss on settlement was $160,304 in 2024.</li><li>Loss on investment was $115,000 in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1068689/000164117225015290/form10-k.htm"></span></li></ul></li></ul><h3>Net Loss</h3><ul><li>Net loss increased by 43% to $6,087,182 in 2024 from $4,244,708 in 2023.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1068689/000164117225015290/form10-k.htm"></span></li></ul><h3>Cash Flow</h3><ul><li>Cash provided by operating activities was $1,275,006 in 2024, compared to $782,101 in 2023.</li><li>Cash used in investing activities was $115,000 in 2024, compared to $1,685,523 in 2023.</li><li>Cash used in financing activities was $1,076,368 in 2024, compared to cash provided by financing activities of $986,280 in 2023.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1068689/000164117225015290/form10-k.htm"></span></li></ul><h3>Outlook</h3><ul><li>The company plans to continue growing through strategic acquisitions and expanding sales across subsidiaries and affiliated companies. It anticipates incurring costs related to filing Exchange Act reports and operating businesses, requiring additional operating capital to maintain and continue operations.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1068689/000164117225015290/form10-k.htm"></span></li></ul>

Data443 Risk Mitigation, Inc. | 10-K: FY2024 Revenue: USD 4.872 M