SideChannel's earnings call reflected a positive sentiment overall with significant achievements such as reaching cash flow positivity and successful product adoption. However, challenges like slight margin declines and capital access constraints were also noted.
Company Guidance
In the earnings call for Q4 2024, SideChannel's CEO Brian Haugli and CFO Ryan Polk provided detailed guidance on the company's strategic outlook and financial performance. The executives emphasized the company's achievement of cash flow positivity in 2024, a goal set in early 2023, and attributed this success to revenue growth, cost management, and a focus on operational efficiencies. Polk highlighted that SideChannel's revenue generation and margin profiles were well understood, with plans to improve gross margins in fiscal 2025. The company plans to continue investing in sales and marketing, particularly for their Enclave product, which promises significant growth potential. SideChannel also addressed the impact of toxic warrants on capital access, noting these constraints limit market engagement until April 2026. Nevertheless, the leadership expressed confidence in their growth strategy, supported by increasing lead generation and a robust sales pipeline. The focus remains on expanding Enclave's adoption and leveraging channel partnerships to drive future revenue growth, with an eye on maintaining strong financial health and shareholder value.
Cash Flow Positive Achievement
SideChannel achieved their goal of becoming cash flow positive in fiscal year 2024, as planned since April 2023.
Enclave Product Success
Enclave product saw good adoption and has a growing pipeline, with potential for expansion within the Department of Defense.
Expanded Sales Channels
SideChannel has been successful in opening up new channel partnerships and direct sales opportunities, leading to a robust sales pipeline.
High Search Rankings
SideChannel's marketing efforts have resulted in high rankings on Google and Perplexity, contributing to client acquisition.
New Key Hires
The company hired Dutch Schwartz, formerly of AWS, to strengthen cloud security offerings.
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SideChannel (SDCH) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SDCH Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Dec 05, 2024
$0.04
$0.04
0.00%
Aug 07, 2024
$0.04
$0.05
+25.00%
May 07, 2024
$0.05
$0.06
+20.00%
Feb 07, 2024
$0.04
$0.04
0.00%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does SideChannel (SDCH) report earnings?
SideChannel (SDCH) is schdueled to report earning on Feb 05, 2025, TBA Not Confirmed.
What is SideChannel (SDCH) earnings time?
SideChannel (SDCH) earnings time is at Feb 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.