secwatch.observer — SEC 8-K summary
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Issuer:     SideChannel, Inc. (SDCH)
CIK:        0001022505
Form:       8-K
Filed at:   2024-02-07T23:59:59+00:00
Accession:  0001493152-24-005199
Event type: earnings
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1022505/000149315224005199/0001493152-24-005199-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1022505/000149315224005199/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-005199

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer