SideChannel Inc. - SDCH STOCK NEWS

SideChannel Inc. (OTCQB:SDCH) has announced new annualized revenue of $2.0 million from subscribers signed this fiscal year. The firm, which provides cybersecurity tools and services, is experiencing increasing demand, prompting the expansion of its service delivery team. In a strategic move, Trent Bowling has been promoted to SVP of Sales, while David Chasteen transitions from his role as EVP of Sales and Marketing to focus on the product and services team. This restructuring is designed to enhance client service. The firm previously reported a 48% year-over-year revenue growth for the quarter ending December 31, 2022, with total revenue for the trailing twelve months at $5.3 million. For further information on strategic priorities and updates, a replay of the recent Investor Day is available.

WORCESTER, MA / ACCESSWIRE / March 28, 2023 / SideChannel (OTCQB:SDCH) has partnered with Darkbeam to enhance cyber risk management for businesses. This strategic alliance offers:

• Intelligence-led risk management covering operations and supply chains.
• Advisories for cyber risk during mergers and acquisitions.
• Insights for insurance underwriters on client cyber risks.

By integrating Darkbeam's platform with SideChannel's cybersecurity expertise, clients can access automated vulnerability assessments and dark web monitoring, enhancing their cyber resilience and compliance.

WORCESTER, MA / ACCESSWIRE / March 7, 2023 / SideChannel (OTCQB:SDCH) has expanded its engagement with Virgin Voyages to enhance cybersecurity and data protection services. This partnership will include a virtual chief privacy officer to strengthen Virgin Voyages' data privacy efforts. Virgin Voyages aims to minimize risks from cyber threats, particularly in the hospitality sector. The collaboration reflects a commitment to safety and security for all stakeholders involved. SideChannel has also recently conducted an 'Investor Day' to update stakeholders on its operational progress and strategic goals.

SideChannel, Inc. (OTCQB:SDCH) recently held its annual meeting on February 15, 2023, where Deborah MacConnel was elected as chairwoman. The meeting also included the election of Anthony Ambrose and Kevin Powers to the board, ratification of RBSM, LLP as the independent auditor, and approval for the board to consolidate outstanding shares. During the Investor Day, CEO Brian Haugli and CFO Ryan Polk reported a 26% quarterly revenue growth and 48% year-over-year growth. The event highlighted the increasing demand for the company’s cybersecurity solutions.

SideChannel, Inc. (OTCQB:SDCH) reported a 48% year-over-year growth in quarterly revenue, reaching $1.5 million, and a 26% quarter-over-quarter increase. The trailing twelve-month revenue now stands at $5.3 million.

Gross margins improved from 55% to 56%, reflecting effective growth strategies. The company ended the quarter with a cash balance of $2.6 million. SideChannel's revenue from its virtual Chief Information Security Officer (vCISO) practice surged 66% over the past year, highlighting increasing demand for cybersecurity services among mid-market companies. A financial results conference call is scheduled for February 13, 2023.

SideChannel (OTCQB: SDCH) has announced an Investor Day scheduled for February 15, 2023, from 9:00 am to 10:30 am ET, to be conducted via a virtual webcast. Hosted by President & CEO Brian Haugli and CFO Ryan Polk, this event aims to provide updates on the company's operations, recent developments, and strategic priorities. Investors can preregister for the event and submit questions in advance through the provided email. SideChannel specializes in cybersecurity services for mid-market companies, employing experienced talent to bolster defenses against cyber threats.