earnings
confidence high
sentiment neutral
materiality 0.55
SideChannel FY2024 revenue $7.4M (+12.8% YoY); net loss narrows to $785K from $7.0M
SideChannel, Inc.
- Revenue $7.416M vs $6.572M in FY2023; gross margin 47.8% (down 290 bps).
- Net loss $785K ($0.00/share) vs $7.0M ($0.04) prior year; operating loss $821K.
- Cash provided by operations positive; cash & short-term investments $1.3M, up $242K.
- Revenue retention 69.2% (down 180 bps from 71.0%); operating expenses down 22% ex-items.
- Management targets multiple quarters of Enclave revenue growth and building sales team.