Sidechannel, Inc. ( (SDCH) ) has released its Q2 earnings. Here is a breakdown of the information Sidechannel, Inc. presented to its investors.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
SideChannel, Inc. is a cybersecurity company specializing in providing services and technology solutions to emerging and middle market companies, with a focus on comprehensive cybersecurity plans and network infrastructure platforms.
In its latest earnings report for the second quarter of fiscal year 2025, SideChannel, Inc. reported a slight decline in revenue compared to the previous year, but showed improvements in gross margin and a significant reduction in net loss. The company continues to focus on strategic objectives to drive growth and expand its client base.
Key financial highlights include a revenue of $1.9 million, a gross margin increase to 49.7%, and a reduction in operating expenses by 11.2%. The net loss was reduced to $54 thousand from $253 thousand in the same quarter of the previous year. The company also reported an increase in cash and short-term investments, indicating a stronger financial position.
Despite a year-over-year decline in retained revenue from its vCISO services due to the loss of high-value clients, SideChannel is optimistic about future growth. The company is focusing on strategic investments in selling and marketing, which are expected to drive sustainable revenue growth and achieve long-term objectives.
Looking ahead, SideChannel’s management remains confident in its strategic direction and is committed to expanding its market presence and enhancing its cybersecurity offerings to meet the evolving needs of its clients.