Sidechannel, Inc. ( (SDCH) ) has released its Q3 earnings. Here is a breakdown of the information Sidechannel, Inc. presented to its investors.
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SideChannel, Inc. is a cybersecurity company that provides services and technology solutions to emerging and middle-market companies, focusing on layered defense strategies and zero-trust network infrastructure.
In its latest earnings report for the third quarter of fiscal year 2025, SideChannel reported a slight decline in revenue and gross margin compared to the previous year, alongside an increase in operating expenses and net loss. Despite these challenges, the company has made strategic advancements in its product offerings.
Key financial highlights include a revenue of $1.8 million, a gross margin of 47.0%, and a net loss of $261 thousand for the quarter. The company also noted a trailing twelve-month revenue of $7.5 million and a revenue retention rate of 61.4%. Strategic developments include the successful deployment of their Enclave platform with Department of Defense clients and the launch of an Insider Threat program.
Looking forward, SideChannel’s management remains optimistic about capturing more market share in high-value sectors, leveraging its growing adoption in critical markets and an expanded virtual Chief Information Security Officer (vCISO) services portfolio to drive long-term growth.