SideChannel Q1 FY2024 revenue $1.7M, up 12.3% YoY; net loss $246K

SideChannel, Inc.

2024-Q1 EPS reported $0.00 revenue$1,736,000

Revenue $1.74M, up 12.3% YoY and 4.6% sequentially; gross margin 48.7% vs 56.0% YoY.
Operating expenses decreased 25% YoY to $1.1M; net loss $246K ($0.00/sh).
Cash $819K; cash used in ops $184K; management expects positive cash flow this fiscal year.
Trailing 12-month revenue $6.8M; revenue retention 72.7%.
Enclave product still in beta; plans to use feedback for go-to-market strategy.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SideChannel, Inc. reported three months ended December 31, 2023 results: revenue $1.7 million, net income $246,000, EPS $0.00 per share.

Period: three months ended December 31, 2023
Revenue: $1.7 million
Net income: $246,000
EPS: $0.00 per share
Result: reported results

Exact text from the filing

to emerging and middle market companies, today announced its financial results for the three months ended December 31, 2023. First Quarter FY 2024 Highlights ● Revenue of $1.7 million; grew 12.3% versus the first quarter of FY 2023 and 4.6% sequentially. ● Gross margin of 48.7% versus 56.0% in the first quarter of FY 2023 and 51.6% for the fourth quarter of

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SideChannel, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-24-005199

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