DatChat, Inc. (DATS) is a company engaged in the development of communication software. The company is also focused on the protection of privacy on customers’ personal devices along with customer information protection after sharing with others. The company’s Messenger has the option to delete specific messages or full messaging threads.
The price of DATS stock during the regular trading on January 19, 2022, was $2.99 with a sharp decline of 10.21%. At last check in the aftermarket, the stock leaped forward by 5.35%.
DATS: Events and Happenings
On January 18, 2022, DATS reported about the initiation of the development of a program to leverage the company’s technology for sharing and protection of NFTs, all types of files, and messaging. The development of the program uses the company’s expertise as the cornerstone for a decentralized advertising platform for Metaverse and Web 3.0 applications.
DATS: CEO Comments
Speaking at the occasion, DATS CEO Darin Myman said that the development and implementation of novel programs is a crucial phase in the company’s strategic growth design. He further added that this program will allow safeguarding the data of customers.
On November 30, 2021, DATS reported about releasing Nirad Points Rewards Program. The preliminary 1 million users received 10,000 NRD Points. On November 12, 2021, DATS reported about sponsoring the Breakfast Club and proprietary Building Black Biz talk of the company’s senior management.
DATS: Key Financials
On November 12, 2021, DATS reported its financial results for the quarter ended September 30, 2021. Some of the key updates are as follows.
Assets
Total current assets for the quarter were $26 million.
Net Loss per Share
Basic and diluted net loss in the quarter was $1.85 million or $0.12 per share compared to the same period of 2020 when it was $0.32 million or $0.02 per share.
On November 11, 2021, DATS reported about its CEO’s keynote presentation at DCentral Con as the company was the Emerald sponsor of the event. On October 28, 2021, DATS reported about launching Social Network+, which is a social-networking engaged broadening of the company’s messaging program and has multi-purpose features.
On October 15, 2021, DATS reported about the initiation of a multiple-channel, national promotion campaign along with the Barstool Sports company and selected franchises.
Conclusion
DATS stock dipped 12% in comparison to the results of the past six months period as a result of the recession economic environment due to the COVID pandemic. The current aftermarket rise of the stock is linked by the analysts with the latest development by the company in terms of initiation of a platform for the protection of NFTs and encrypted messages.
