SideChannel Q3 revenue rises 1.2%, net loss narrows - SDCH News | RalliesSideChannel Q3 revenue rises 1.2%, net loss narrows
S
SDCH• Outlook
- Company did not provide specific guidance or forecasts for future quarters or the full yr in the press release
Overview
- Cybersecurity services provider's fiscal Q3 revenue rose 1.2% yr/yr to $1.8 mln
- Gross margin improved to 54.9%, up 790 basis points from prior yr
- Net loss narrowed to $134k from $261k in prior yr quarter
Key details
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|
| Q3 Revenue | | $1.80 mln | |
| Q3 Net Loss | | $134,000 | |
| Q3 Gross Profit | | $986,000 | |
| Q3 Operating Income | | -$135,000 | |
Result drivers
- Cost discipline - Co said operating expenses were cut during the quarter, contributing to higher gross margin
- - Co said expanded AI-enabled capabilities and AI-supported workflows increased speed, consistency, and client coverage
AI integration
Platform enhancements - Co highlighted advances to its Enclave security platform, including asset intelligence and automated certificate managementCLH
•
