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) provides cybersecurity services and technology for emerging, mid-market and enterprise companies. Its news centers on vCISO delivery, the SideChannel Complete planning model and the Enclave security platform, including SaaS access protection, certificate management, microsegmentation and network-security capabilities.
Company updates also cover operating and financial results, revenue retention, sales and marketing execution, AI-supported workflows for cybersecurity delivery and go-to-market operations, and governance changes involving board and leadership appointments. Coverage reflects an OTCQB cybersecurity issuer whose recurring developments combine advisory services with a software platform for cloud, hybrid and remote-work security needs.
SideChannel, Inc. (OTCQB:SDCH) reported its financial results for the quarter ending June 30, 2022, highlighting a net loss of $2.8 million for the nine months compared to $2.3 million the previous year. The firm signed 8 new contracts with an estimated annual revenue of $850,000. Cash balance stood at $3.6 million. The firm expects the recent acquisition will help mitigate operating losses moving forward. They project to disclose pro forma consolidated results by September 15, 2022, which will include operations post-acquisition.
SideChannel, Inc. (OTCQB:SDCH) has expanded its Board of Directors from four to six members with the appointments of new CEO Brian Haugli and independent director Hugh Regan Jr.. This expansion aligns with a strategic growth initiative, as stated by Haugli, who emphasizes the board's diverse expertise in technology and cybersecurity. Regan brings over 25 years of financial experience as the former CFO of inTEST Corporation. Following this change, four of the six board members are now considered independent directors.