Cybersecurity firm SideChannel's FY 2025 revenue dips

Reuters12-03
Cybersecurity firm SideChannel's FY 2025 revenue dips

Overview

  • SideChannel FY 2025 revenue fell slightly to $7.4 mln, down from FY 2024

  • Net loss for FY 2025 improved slightly to $892 thousand from $904 thousand in FY 2024

  • Company maintained gross margin at 47.7%, equal to FY 2024

Outlook

  • Company expects growth in services as economic uncertainty stabilizes

  • SideChannel sees opportunities with Enclave product and partner network

  • Company anticipates cybersecurity tailwinds from CMMC standards rollout

Result Drivers

  • ENCLAVE ADOPTION - Co focused on increasing Enclave adoption through awareness of its microsegmentation and network security benefits

  • PARTNER SALES - Partner-led sales motion advanced as more partners introduced Enclave to their clients

  • SERVICE PORTFOLIO EXPANSION - Co expanded service offerings beyond core vCISO to meet diverse client needs

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

FY Revenue

$7.35 mln

FY Net Income

-$892,000

FY Gross Profit

$3.50 mln

FY Operating Income

-$918,000

Press Release: ID:nACSJBjD7a

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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