It is hard to say.
Better since Brian took over, for sure. But the stock is simply dead for now.
Hoodoo, it's not fair to go back to pre SideChannel days. This is a totally different company now. Earnings speak for themselves. I encourage all to just look at the past Qs and do your own DD.
Been a minute. I am Interested in your current evaluation of SideChannel.
Hey hoodoo! You have been here over 3 years. Can you share what tales/expectations made you a shareholder here?
Broken record of lies. We’ve literally heard this every single year for the last 5 years. Nothing will change.
Investor Impatience Means Cheap Shares
One can hardly blame long-suffering shareholders for throwing in the towel; today 500,000 shares changed hands, a rather significant percentage of the float, though only a modest $25K in trading dollars.
Do what works best for you, but I might throw in some cheap bids because, what I have learned, cheap becomes cheaper, and the out-at-any-price crowd want to be done with this.
FY revenue of, let's say, $7M means 1.5x
FY revs of $10 1.0x (a little too bullish)
This isn't a steel company, it’s SaaS. So single-digit Rev multiples make for an incredibly inexpensive stock.
Now, if I'm not mistaken, sidechannel has started to include the enterprise, moving beyond SMB. Anyone else gather that?
Intro has been updated. Lmk if you can think of anything else that needs to be corrected. Once we have new board members, I will update that.
Something tells me this might just be the year that we see some major movement.
It's been a long , long ride for the old longs.
I will get it updated
Back at you, long-suffering shareholder. First let’s see what the latest quarter tells us about growth, Enclave adoption, etc., and then keep a watchful eye on that soon-to-be open Board position. imho 2024 will be, as Sinatra said, a very good year. . . for sidechannel longs. Gobble gobble.
Today, on approx $15K in trade (~350K shares), SDCH jumped better than 50% (.04–>.06x).
When volume comes into this stock, you’ll see some real movement. Today might serve as a harbinger of things to come. (Warrants need to be cleaned up first.)
As for RCISO, it’s not something that SDCH can currently afford. Down the road, when the equity has greater value / purchasing power, that’s when you might see an acquisition . . . for what I’m guessing might be a pretty penny.
Excellent answers. This my friend is why most shareholders are happy with this company and its future. Transparency is well deserved and considered very important. Thank you again for following and posting on this thread.
Should it? The idea may benefit SideChannel, but not for certain. Can SideChannel buy RealCISO is the better question. When you review the public filings, SideChannel is not currently at a place to make a reasonable cash offer or to make a stock offer that wouldn't be noticeably dilutive. Also to consider is that I'm not the sole owner of RealCISO, in fact, I don't own more than 50% of RC anyway. So anything would need to be meaningful to the others not just me.
Brian, This still doesn't address the question of should SideChannel buy Realciso and increase revenues?
It's not a personal attack on the company. Just asking if SideChannel and its shareholders would benefit from this?
Maybe I have this completely wrong. I've been wrong a million times. But as a pretty large shareholder in this company I feel like it begs to be asked.
We all want what's best for the shareholders here.
As I've said before (to you specifically vCISO as well), published in filings and you acknowledge here - RealCISO (RC) is and has been a separate company & IP since mid 2020. Well before SideChannel or I was aware of what CipherLoc even was (merger was June 2022). There was no room in the merger deal to include RC or desire by the founders of it to do so. I've used this analogy before; just because I parked my car in the garage, doesn't mean it's for sale when I list my house. They are separate assets.
Having said that, SideChannel does resell RC to clients and SideChannel gets a significant margin in selling it. If it wasn't RC, it'd have to be another GRC type tool and it would be less margin. The benefit to us using it with clients is higher margin for SideChannel on the resale, direct input into RC's development roadmap, and product market alignment.
SideChannel could cut it's use of RC, but we'd have to shift clients to another platform for all risk management tracking, increase our price to clients (RC is considerable lower price than competitors), and decrease our profit margins (again, RC is giving SideChannel a considerably better amount margin room to resale).
This move wouldn't be in the best interest of clients, the company or shareholders.
As for the rest of the asks in this post... we're finishing our upcoming filing for the 10K so I cannot comment.
Thank you for your input.
In my opinion, realciso is like an appraiser and sidechannel the lender you want them to be separate. We, as investors, only get info through press releases and filings. We have really no idea what is going on day to day, as it should be. Brian is doing what he can to promote the company. Getting results is not an instantaneous process. Most companies take 5 or more years to uplist. We are only on year 2 from the merger. Patience is a virtue.
I’m interested in thoughts about why RealCISO is not part of SideChannel. Brian kept it separate when he took over Cipherloc. I can understand that it was a separate company. Should Sidechannel take it over, buy it, record its revenue and be a better company for it? I’d love to hear everyone’s thoughts. Sometimes I feel like Brian is double dipping so to speak. I mean I love Brian and I feel great about the future of our company but shouldn’t we be looking for reasons why our share price is so stagnant? Is Brian the right guy to be CEO? Are there bigger contracts that we should be looking for? Are we doing enough marketing? Do we have the right sales people? Obviously Brian is very educated in this cyber space, but is he the right guy to be our leader and CEO? Again, I am very excited about this company and it’s upside potential and I’m so happy that those of us from way back will finally someday receive our rewards for sticking with it, but it’s difficult to see our share price so low. Thoughts?
Obviously we are all upset with the .04 share price. Just looking for thoughts from others here.
Brian , I would love to hear your thoughts also.
Why Microsegmentation with Enclave is Your Best Defense Against Ransomware
But they got approved, OTC would not want to promote a bad business
Application Fee: $500
Annual Fee: $3,000
November should be an interesting month for shareholders. Start with Warrants. Those tendering their warrants must do so by Nov 1st. Once half or so of the warrants are removed, we will have better color around share count / valuation / funding potential.
Earnings: I expect revenues to come in north of $7M for the year. We should certainly see a jump in revs.
Enclave: What moves the needle? Articles, blog posts, YouTube interviews, advertisement, industry word of mouth? Did Side Channel sign any big contracts? Lots of questions.
Hiring? Sales side especially. C-suite movement? New contracts.
A busy time for company, that’s for sure.
Suggestion to everyone holding shares of SideChannel. We as shareholders can help our sales team by simply REPOSTING all of the daily post from Brian and SideChannel on LinkedIn and Facebook and other social media sites. Let's make the phones ring !!!
From the article:
Founded in 2019, SideChannel has quickly established itself as a beacon of cybersecurity assurance for emerging and mid-market companies. With their innovative offering, SideChannel Complete, they have consistently provided comprehensive cybersecurity plans combining the prowess of skilled talent and cutting-edge technological tools. Their new Enclave platform promises a more straightforward path to zero-trust network infrastructure, further strengthening their market position.
“…a beacon of cybersecurity assurance for emerging and mid-market companies.”
Side Channel, described as a beacon of cybersecurity assurance, and yet it can't catch a bid even after the CEO keynotes a major industry event?! Conference attendees couldn't be bothered to look up SDCH on their investment app? Mr. Haugli referenced his company several time throughout his addresses. They might have discovered a stock trading a little north of 1x revenues. Ok, so no buyers from the conference. Incredible.
Btw, anyone knew SDCH they report the Q? FY2023 ended in September.
Yahoo Finance has a story about triangle infosecon. We are up and coming.
He is posting new stuff almost everyday
The latest cybersecurity insights for you.
Shielding Infrastructure from Cisco Zero-Day Exploits with Enclave
By Brian Haugli, Tuesday, October 17, 2023 7:49 PM
Unmasking the Critical Zero-Day Vulnerability in Cisco’s IOS XE Operating System In the realm of enterprise network management, Cisco’s Internetwork Operating System XE (IOS XE) stands out as a cornerstone for countless organizations worldwide. It’s a modular, flexible operating system, enhancing traditional IOS features with modern advantages like model-driven programmability, on-box Python scripting, and streaming […]
The post Shielding Infrastructure from Cisco Zero-Day Exploits with Enclave appeared first on SideChannel | Build and Manage Your Cybersecurity Program.
Read more »
Enclave: Revolutionizing Network Management and Cybersecurity
By Brian Haugli, Friday, October 13, 2023 8:51 AM
In today’s rapidly evolving digital landscape, the importance of a robust and adaptive cybersecurity solution cannot be stressed enough. Enter Enclave, a modern, comprehensive network management platform built to address today’s multifaceted IT challenges. At its core, Enclave simplifies the daunting task of managing intricate network infrastructures, be it on-premise or hybrid setups. With an […]
The post Enclave: Revolutionizing Network Management and Cybersecurity appeared first on SideChannel | Build and Manage Your Cybersecurity Program.
Read more »
What are vCISO Services?
By Brian Haugli, Thursday, October 12, 2023 3:00 AM
A vCISO, or Virtual Chief Information Security Officer, is a modern approach to managing and addressing an organization’s cybersecurity needs. What is a vCISO? Why is a vCISO Important? When Should You Consider a vCISO? A vCISO bridges the gap between an organization’s cybersecurity needs and its capability or resources to manage those needs internally. […]
The post What are vCISO Services? appeared first on SideChannel | Build and Manage Your Cybersecurity Program.
Read more »
2 years ago
Yearly revenues of roughly $28M
Gobs of debt
Here’s a red flag (would have saved investors significant capital had they sold at that moment, Dec 15, 2021):
“We had previously expected to finalize these opportunities in the second half of the fiscal year, however they remain pending primarily due to government delays in getting funding through to federal budgets. These continue to be viable opportunities in our pipeline. Given the difficulty in predicting when they will close, we have removed them from our ARR guidance. We will disclose any strategic contracts that are accretive to our revised fiscal year ARR outlook,” said GEN (Ret.) Keith Alexander, Chairman and co-CEO of IronNet.
The General. smh
Don't be ironnet.
Under promise, over deliver.
I've been buying and buying and buying.
This gem has to explode.
You are right about a red hot sector.
Brian is obviously a cyber genius.
Do we have enough of a sales force yet?
Revenue has to be screaming!!!!!
It's just hard to be here throughout all of the terrible years without losing just a little patience.
I'm here for the long haul.
Company was founded in 2017 by Brian Haugli. Yes, the time has come to ramp this business.
Shouldn't be too hard because of. . .
a sorching hot sector.
a healthy Balance Sheet.
Tremendous human capital.
However, there must be some degree of urgency.
Paulson investors are unpleased. Hopefully there isn't anything litigious as a result.
But I feel it's fairly safe to buy at these levels. Stock trades at a ridiculously low 1.5x revenues. Hold your nose and buy? That's up to you. Do your own due diligence.
One has to believe that sales have to be exploding for SideChannel. The market is booming and Enclave is a great product. I’m afraid if the next filing isn’t huge then this company isn’t up to par. I’m hoping that the sales team in place is killing it!!!
He is always doing something.