Data443 Risk Mitigation Inc (ATDS)

[HokieHead]

HokieHead’s Target..

Near term: $0.05-$0.075 (750-1,000%)
Long term: $0.25+

Given the high gross profit associated with the business, we project EBITDA of over $2M. Major organic, along with inorganic growth could prompt sales to leap to $15M and potentially approach a $40M+ revenue run-rate by year-end 2020, with EBITDA of $5.9M.

Per the chart in the Goldman report Data443 will be growing sales at a 200-300% clip, competition is 21%. Competitors price per sales revenues are in the 7-8x range for 2018 and 2019, if Data443 can do $40m in 2019-2020 you have:

$40m x 7.5 = $300m / 4.4b os = $0.075 PPS.

This doesn’t even include if they cancel the Chinese shares and/or lower the OS going forward, or make larger acquisitions or even the chance of being bought out.

I still stand by my call this should be a $0.05-$0.075 PPS now. Let the manipulators play while I bring my average down more.