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 cybersecurity company that reports regularly on developments in its services, technology platforms, contracts, and corporate governance. Its news flow includes updates on the Enclave zero trust network infrastructure platform, vCISO and advisory services, insider threat initiatives, and engagements with government and mid-market clients. Because the company operates in cybersecurity software and services, many announcements focus on how its offerings are being adopted and expanded.
Investors and analysts following SDCH news can expect coverage of financial results, such as quarterly and annual revenue, gross margin, operating expenses, and net loss, which SideChannel announces through press releases and accompanying conference calls. These releases often include management commentary on Enclave adoption, vCISO client activity, revenue retention, and the company’s strategic priorities.
SideChannel’s news also highlights customer and contract milestones. The company has reported deployments of Enclave within multiple U.S. Department of Defense service branches and within a major U.S. city’s municipal networks, as well as broader use cases across government and critical infrastructure. Additional news items describe the launch of Threat Intelligence Labs and an Insider Threat Defense Lab, along with the introduction of a Threat Defense platform powered by Enclave.
Corporate updates are another recurring theme. SideChannel issues announcements on leadership changes, including new director appointments, executive hires such as a Chief Marketing Officer and a Vice President – Cybersecurity Advisor, and board-level transitions disclosed via Form 8-K. For readers tracking SDCH, the news stream on this page provides a consolidated view of these operational, financial, and governance developments over time.
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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.
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