Welcome to our dedicated page for SideChannel news (Ticker: SDCH), a resource for investors and traders seeking the latest updates and insights on SideChannel stock.
SideChannel Inc (SDCH) is a prominent cybersecurity services and technology provider for emerging and middle market companies. Established in 2019, SideChannel offers comprehensive cybersecurity solutions through its SideChannel Complete program. The company recently promoted key team members to bolster its leadership team and drive growth. With a focus on innovation and excellence, SideChannel's offerings include Enclave, a network infrastructure platform facilitating the transition to a zero-trust model. Investors are encouraged to stay updated on press releases and industry news for further insights into SideChannel's strategic direction and financial performance.
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SideChannel, Inc. rescheduled its fiscal year 2024 second quarter financial results call to May 7, 2024, at 4:30 pm ET. The company offers cybersecurity services to emerging and middle market companies. The call will feature management remarks, a live Q&A session, and participants can register in advance.
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SideChannel, Inc. (SDCH) appoints General (Retired) Robert Brown and Mr. James Hansen to its Board of Directors, along with Mr. Nick Hnatiw and re-elects Deborah MacConnel as Chairwoman. These appointments highlight the company's commitment to leadership excellence and innovation in cybersecurity services.
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SideChannel, Inc. (SDCH) announces financial results for the first quarter of fiscal year 2024. Revenue grew by 12.3% compared to the first quarter of FY 2023 and 4.6% sequentially. However, the gross margin decreased to 48.7% from 56.0% in the first quarter of FY 2023. Operating expenses decreased by 25.0% compared to the first quarter of FY 2023. The net loss was $246,000 or $0.00 per share. Trailing twelve-month revenue reached $6.8 million. Revenue retention was 72.7% for the trailing twelve months ended December 31, 2023. Cash was $819,000 as of December 31, 2023. The company plans to host a conference call to discuss its first quarter results and provide an update on its initiatives.
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SideChannel, Inc. (SDCH) announces the schedule for releasing fiscal year 2024 financial results and providing corporate updates. The company will host four conference calls with stockholders in 2024 to discuss financial results and corporate initiatives. The first quarter conference call will be held on February 7, 2024, at 4:30 pm ET. Participants can join the call via phone or webcast and submit questions in advance.
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SideChannel, Inc. (SDCH) has announced the promotion of three team members, Dele Owoye to Director of Engineering, and Matt Klein and Eric Gauthier to Vice President of Client Delivery. This strategic move aims to strengthen the company's leadership team to drive growth and success. The CEO expressed confidence in the team's talent and dedication, highlighting their role in driving the company's growth and achieving new heights of success.
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SideChannel, Inc. (SDCH) gains attention as Trickle Research initiates coverage with a 12-24 month price target of $0.18. SideChannel addresses the underserved mid-market segment of the cybersecurity industry, offering easy-to-use cybersecurity solutions and managed security services. The global cybersecurity market, valued at $150-200 billion, presents an opportunity for above-average growth for SideChannel.
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SideChannel, Inc. (OTCQB:SDCH) announced the successful completion of a tender offer with holders of certain 2021 warrants. The tender offer closed with 76 investors receiving approximately 7.3 million shares of common stock and 17.4 million new warrants in exchange for tendering 43.5 million 2021 warrants. The common stock issued represents approximately 3.3% of the total outstanding shares after the tender offer. The new warrants received by investors have an $0.18 exercise price, expire on December 31, 2028, have no restrictions on a cashless exercise, and feature an automatic conversion into common stock if the bid price exceeds $0.36 for 30 consecutive days.
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SideChannel, a cybersecurity services provider, has been approved as a Premium Provider by OTC Markets Group. This approval allows SideChannel to offer its cybersecurity risk management services to OTC clients, including assistance with SEC disclosure requirements.
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Triangle InfoSeCon announces Brian Haugli as keynote speaker for cybersecurity conference
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SideChannel, Inc. introduces new functionality to Enclave, creating a product ecosystem to unlock growth and create network visibility. The new Asset Inventory module brings every network asset into view, reducing the chance of neglected assets becoming entry points for bad actors. The Microsegmentation module minimizes the impact of compromised assets. The full Enclave suite satisfies 35 CIS v8 Controls. Implementation is as simple as installing an agent. Enclave offers a comprehensive solution to secure networking.
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FAQ
What is the current stock price of SideChannel (SDCH)?
The current stock price of SideChannel (SDCH) is $0.0435 as of February 28, 2025.
What is the market cap of SideChannel (SDCH)?
The market cap of SideChannel (SDCH) is approximately 8.4M.
What does SideChannel Inc specialize in?
SideChannel Inc is a leading provider of cybersecurity services and technology for emerging and middle market companies.
When was SideChannel Inc founded?
SideChannel Inc was founded in 2019.
What is SideChannel Complete program?
SideChannel Complete is a comprehensive cybersecurity program offered by SideChannel Inc.
What is Enclave?
Enclave is a network infrastructure platform by SideChannel Inc that facilitates the transition to a zero-trust model.
How can investors stay updated on SideChannel Inc?
Investors can subscribe to the investor email newsletter and follow SideChannel Inc on X and LinkedIn for news and updates.
What recent announcement has SideChannel Inc made regarding its team?
SideChannel Inc recently promoted key team members to strengthen its leadership team and drive growth.
What is the focus of SideChannel Inc's growth strategy?
SideChannel Inc focuses on innovation, excellence, and delivering robust cybersecurity solutions to its clients.
How does SideChannel Inc differentiate its offerings?
SideChannel Inc combines skilled talent, technological tools, and battle-tested processes to provide layered defense strategies.
What is the current financial status of SideChannel Inc?
SideChannel Inc reported a second quarter revenue of $1.9 million, demonstrating year-over-year growth and a focus on achieving profitability.
What initiatives is SideChannel Inc working on?
SideChannel Inc is expanding its sales channels, growing its Enclave pipeline, and incorporating feedback from beta customers into its go-to-market strategy.
SideChannel Inc.