SideChannel Reports Third Quarter Results
SideChannel (OTCQB:SDCH), a cybersecurity services provider, reported its fiscal Q3 2025 results with revenue of $1.8 million, down 3.8% year-over-year. The company posted a net loss of $261,000 compared to a $146,000 loss in Q3 2024, with gross margins declining to 47.0% from 48.9%.
The company's Enclave Zero Trust platform is gaining traction with two Department of Defense clients, and SideChannel launched its new Insider Threat program at DEFCON 33. Year-to-date revenue reached $5.6 million, up 1.3% from FY 2024, while maintaining cash and equivalents of $1.2 million as of June 30, 2025.
The company's trailing twelve-month revenue was $7.5 million with a revenue retention rate of 61.4%.SideChannel (OTCQB:SDCH), fornitore di servizi di cybersecurity, ha comunicato i risultati del terzo trimestre fiscale 2025 con ricavi per 1,8 milioni di dollari, in calo del 3,8% su base annua. L'azienda ha registrato una perdita netta di 261.000 dollari rispetto alla perdita di 146.000 dollari nel Q3 2024, e il margine lordo 猫 sceso al 47,0% dal 48,9%.
La piattaforma Enclave Zero Trust sta guadagnando terreno con due clienti del Dipartimento della Difesa e SideChannel ha lanciato il nuovo programma Insider Threat a DEFCON 33. I ricavi da inizio anno sono saliti a 5,6 milioni di dollari, +1,3% rispetto all'esercizio 2024, mentre la liquidit脿 e equivalenti ammontavano a 1,2 milioni di dollari al 30 giugno 2025.
Il fatturato degli ultimi dodici mesi 猫 stato di 7,5 milioni di dollari con un tasso di retention dei ricavi del 61,4%.
SideChannel (OTCQB:SDCH), proveedor de servicios de ciberseguridad, present贸 sus resultados del tercer trimestre fiscal 2025 con ingresos de $1.8 millones, una disminuci贸n del 3.8% interanual. La compa帽铆a registr贸 una P茅rdida neta de $261,000 frente a la p茅rdida de $146,000 en el Q3 de 2024, y los m谩rgenes brutos se redujeron al 47.0% desde el 48.9%.
La plataforma Enclave Zero Trust est谩 ganando tracci贸n con dos clientes del Departamento de Defensa, y SideChannel lanz贸 su nuevo programa Insider Threat en DEFCON 33. Los ingresos acumulados en el a帽o alcanzaron $5.6 millones, un aumento del 1.3% respecto al ejercicio 2024, mientras que el efectivo y equivalentes se manten铆an en $1.2 millones al 30 de junio de 2025.
Los ingresos de los 煤ltimos doce meses fueron $7.5 millones con una tasa de retenci贸n de ingresos del 61.4%.
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Enclave Zero Trust 頂岆灚韽检潃 甑癌攵� 靻岇啀 霊� 瓿犼皾鞚� 頇曤炒頃橂┌ 鞛呾毳� 雱擁瀳瓿� 鞛堦碃, SideChannel鞚� DEFCON 33鞐愳劀 靸堧鞖� Insider Threat 頂勲攴鸽灗鞚� 於滌嫓頄堨姷雼堧嫟. 鞐办磮 鞚错泟 毵れ稖鞚� $5.6 million鞙茧 2024 須岅硠鞐半弰 雽�牍� 1.3% 歃濌皜頄堨溂氅�, 2025雲� 6鞗� 30鞚� 旮办 順勱笀 氚� 順勱笀靹膘瀽靷办潃 $1.2 million鞛呺媹雼�.
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SideChannel (OTCQB:SDCH), fournisseur de services de cybers茅curit茅, a annonc茅 ses r茅sultats du troisi猫me trimestre fiscal 2025 avec un chiffre d'affaires de 1,8 million de dollars, en baisse de 3,8% en glissement annuel. La soci茅t茅 a affich茅 une perte nette de 261 000 dollars contre une perte de 146 000 dollars au T3 2024, et les marges brutes sont pass茅es de 48,9% 脿 47,0%.
La plateforme Enclave Zero Trust gagne du terrain aupr猫s de deux clients du D茅partement de la D茅fense, et SideChannel a lanc茅 son nouveau programme Insider Threat 脿 DEFCON 33. Les revenus depuis le d茅but de l'ann茅e ont atteint 5,6 millions de dollars, en hausse de 1,3% par rapport 脿 l'exercice 2024, tandis que les liquidit茅s et 茅quivalents s'茅levaient 脿 1,2 million de dollars au 30 juin 2025.
Le chiffre d'affaires sur douze mois glissants s'茅l猫ve 脿 7,5 millions de dollars avec un taux de r茅tention des revenus de 61,4%.
SideChannel (OTCQB:SDCH), ein Anbieter von Cybersecurity-Dienstleistungen, meldete f眉r das dritte Fiskalquartal 2025 einen Umsatz von 1,8 Mio. USD, ein R眉ckgang von 3,8% im Jahresvergleich. Das Unternehmen verzeichnete einen Nettverlust von 261.000 USD gegen眉ber einem Verlust von 146.000 USD im Q3 2024, und die Bruttomargen sanken von 48,9% auf 47,0%.
Die Enclave Zero Trust-Plattform gewinnt an Momentum mit zwei Kunden des Verteidigungsministeriums, und SideChannel stellte sein neues Insider Threat-Programm auf der DEFCON 33 vor. Die Ums盲tze seit Jahresbeginn beliefen sich auf 5,6 Mio. USD, ein Anstieg von 1,3% gegen眉ber dem Gesch盲ftsjahr 2024, w盲hrend Barkapital und Zahlungsmittel盲quivalente zum 30. Juni 2025 1,2 Mio. USD betrugen.
Der Umsatz der letzten zw枚lf Monate lag bei 7,5 Mio. USD bei einer Umsatzbindungsrate von 61,4%.
- Secured two Department of Defense clients for Enclave Zero Trust platform
- Year-to-date revenue increased 1.3% to $5.6 million
- Year-to-date operating expenses decreased by $103,000 (3.1%)
- Launched new Insider Threat program at DEFCON 33
- Maintained strong cash position of $1.2 million
- Q3 revenue declined 3.8% year-over-year to $1.8 million
- Net loss increased to $261,000 from $146,000 in Q3 2024
- Gross margin decreased to 47.0% from 48.9% year-over-year
- Operating expenses increased 4.5% in Q3 compared to previous year
- Low trailing twelve-month revenue retention rate of 61.4%
Financial results conference call on Wednesday, August 13 @ 4:30 P.M. ET
WORCESTER, MA / / August 13, 2025 / (OTCQB:SDCH) ("SideChannel"), a leading provider of cybersecurity services and technology to emerging and middle market companies, today announced its financial results for the third quarter of the fiscal year ended September 30, 2025.
Fiscal Year 2025 Third Quarter Highlights
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Summary of Fiscal Year 2025 Year to Date Results (Nine Months Ended June 30, 2025)
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Management Comments
Commenting on the results for the quarter ended June 30, 2025, Brian Haugli, President and Chief Executive Officer of SideChannel, said, "Enclave, our Zero Trust software platform, is gaining strong traction with two Department of Defense clients already onboard and clear opportunities to expand both within these organizations and into additional DoD agencies. We are focused on building on this momentum to capture more of this high-value market."
Haugli continued, "At DEFCON 33, we also launched our Insider Threat program, led by Vice President Lauren Trujillo, which leverages Enclave's Zero Trust capabilities to help clients identify, contain, and mitigate risks from within their organizations. Early client interest has been encouraging, and we see this as a powerful complement to Enclave's broader security benefits."
"With growing adoption in critical markets and an expanded vCISO services portfolio, we are well positioned to modernize and strengthen the cybersecurity defenses of our clients while driving long-term growth for SideChannel."
SideChannel will host a conference call on August 13, 2025, at 4:30 P.M. Eastern Time to discuss its third quarter results and provide an update on the Company's initiatives.
CALL INFORMATION
Date: | Wednesday August 13, 2025, at 4:30 P.M. Eastern Standard Time. |
Dial In: | Toll Free: 888-506-0062 |
International: 973-528-0011 | |
Participant Access Code: 229937 |
A webcast of the call will also be available:
Participants may register in advance for the call using the webcast link.
The call will include management remarks and a live question and answer session. Questions may be submitted prior to the meeting using [email protected].
The Company's Form 10-Q for the quarter ended June 30, 2025, was filed with the Securities and Exchange Commission and is available at .
Financial tables follow.
SIDECHANNEL, INC.
CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS
(In thousands, except share and per share data)
(Unaudited)
Three Months Ended | Nine Months Ended | |||||||||||||||
June 30, | June 30, | |||||||||||||||
2025 | 2024 | 2025 | 2024 | |||||||||||||
Revenues | $ | 1,776 | $ | 1,846 | $ | 5,578 | $ | 5,509 | ||||||||
Cost of revenues | 941 | 944 | 2,928 | 2,894 | ||||||||||||
Gross profit | 835 | 902 | 2,650 | 2,615 | ||||||||||||
Operating expenses | ||||||||||||||||
General and administrative | 715 | 778 | 2,030 | 2,336 | ||||||||||||
Selling and marketing | 242 | 137 | 736 | 562 | ||||||||||||
Research and development | 146 | 141 | 419 | 390 | ||||||||||||
Total operating expenses | 1,103 | 1,056 | 3,185 | 3,288 | ||||||||||||
Operating loss | (268 | ) | (154 | ) | (535 | ) | (673 | ) | ||||||||
Other income, net | 9 | 8 | 31 | 29 | ||||||||||||
Net loss before income tax expense | (259 | ) | (146 | ) | (504 | ) | (644 | ) | ||||||||
Income tax expense | 2 | - | 6 | 1 | ||||||||||||
Net loss | $ | (261 | ) | $ | (146 | ) | $ | (510 | ) | $ | (645 | ) | ||||
Net loss per common share - basic and diluted | $ | (0.00 | ) | $ | (0.00 | ) | $ | (0.00 | ) | $ | (0.00 | ) | ||||
Weighted average common shares outstanding - basic and diluted | 231,229,054 | 225,032,119 | 228,380,169 | 220,770,171 | ||||||||||||
SIDECHANNEL, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands, except share and per share data)
June 30, 2025 | September 30, 2024 | |||||||
(Unaudited) | ||||||||
ASSETS | ||||||||
Current assets | ||||||||
Cash and cash equivalents | $ | 1,149 | $ | 1,045 | ||||
Short-term investments | 100 | 250 | ||||||
Accounts receivable, net | 759 | 732 | ||||||
Deferred costs | 15 | 150 | ||||||
Prepaid expenses and other current assets | 453 | 385 | ||||||
Total current assets | 2,476 | 2,562 | ||||||
Fixed assets | 20 | 33 | ||||||
Goodwill | 1,356 | 1,356 | ||||||
Total assets | $ | 3,852 | $ | 3,951 | ||||
LIABILITIES & STOCKHOLDERS??? EQUITY | ||||||||
Current liabilities | ||||||||
Accounts payable and accrued liabilities | $ | 530 | $ | 729 | ||||
Deferred revenue | 882 | 515 | ||||||
Income taxes payable | 4 | 3 | ||||||
Total current liabilities | 1,416 | 1,247 | ||||||
Total liabilities | 1,416 | 1,247 | ||||||
Commitments and contingencies (Note 14) | - | - | ||||||
Common stock, | 231 | 226 | ||||||
Additional paid-in capital | 22,558 | 22,321 | ||||||
Accumulated deficit | (20,353 | ) | (19,843 | ) | ||||
Total stockholders' equity | 2,436 | 2,704 | ||||||
Total liabilities and stockholders' equity | $ | 3,852 | $ | 3,951 | ||||
About SideChannel
SideChannel helps emerging and mid-market companies protect their assets. Founded in 2019, we deliver comprehensive cybersecurity plans through a series of actions branded SideChannel Complete.
SideChannel deploys a combination of skilled and experienced talent and technological tools to offer layered defense strategies supported by battle-tested processes. SideChannel also offers Enclave, a network infrastructure platform that eases the journey from zero to zero-trust. Learn more at .
Investors and shareholders are encouraged to receive press releases and industry updates by subscribing to the and following SideChannel on and
You may contact us at:
SideChannel
146 Main Street, Suite 405
Worcester, MA 01608
Investor Contact
Ryan Polk
[email protected]
Forward-Looking Statements
This press release may contain forward-looking statements, including information about management's view of SideChannel's future expectations, plans and prospects. In particular, when used in the preceding discussion, the words "believes", "hopes", "expects", "intends", "plans", "anticipates", "potential", "could", "should" or "may", and similar conditional expressions are intended to identify forward-looking statements. Examples of forward-looking statements include, among others, statements relating to future sales, earnings, cash flows, results of operations, uses of cash and other measures of financial performance.
Because forward-looking statements relate to the future, they are subject to inherent risks, uncertainties and other factors that may cause SideChannel's actual results and financial condition to differ materially from those expressed or implied in the forward-looking statements. These risk factors include, but are not limited to: that we have incurred net losses since inception, our need for additional funding, the substantial doubt about our ability to continue as a going concern, and the terms of any future funding we raise; our dependence on current management and our ability to attract and retain qualified employees; competition for our products; our ability to develop and successfully introduce new products, improve current products and innovate; unpredictability in our operating results; our ability to retain existing licensees and add new licensees; our ability to manage our growth; our ability to protect our intellectual property (IP), enforce our IP rights and defend against claims that we infringed on the IP of others; the risk associated with the concentration of our cash in one financial institution at levels above the amount protected by FDIC insurance; and other risk factors included from time to time in documents we file with the Securities and Exchange Commission, including, but not limited to, our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. These reports are available at www.sec.gov.
Other unknown or unpredictable factors also could have material adverse effects that could cause actual results to differ materially from those projected or represented in the forward-looking statements. Further, factors that we do not presently deem material as of the date of this release may become material in the future. The forward-looking statements included in this press release are made only as of the date hereof. SideChannel cannot guarantee future results, levels of activity, performance, or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, SideChannel undertakes no obligation to update these forward-looking statements after the date of this release, except as required by law, nor any obligation to update or correct information prepared by third parties.
SOURCE: SideChannel, Inc.
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