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I seriously expect some much larger contracts with much larger companies now that we have this fully loaded Enclave product. It only makes sense. Government contracts also.
#cybersecurity
The smaller the better.
The more illiquid the better.
The less institutionally owned the better.
The more misunderstood the better.
The less talked about the better.
You make money by driving through the fears of other investors.
-Unknown (maybe Ian Cassel)
https://www.linkedin.com/posts/brianhaugli_enclave-demo-by-sidechannel-vpn-replacement-activity-7101229031194251264-ChM1?utm_source=share&utm_medium=member_android
Reply of presentation for new enclave complete.
Great presentation this morning. The new enclave is basically 'plug and play '. You can manipulate it to monitor just about anything you want on your network and segment data the way you want.
This SideChannel story is becoming more and more compelling. Reading over the press release I can’t help but think about a few of the big boys - Cisco(!), IMB (Redhat), and even SolarWinds (some similarities), etc. - and how SideChannel is starting to move towards that orbit. Add vCiso services and my spider sense tells me good things are close at hand.
Nothing but good news coming from this company.
#itsnolongerifbutwhen
#cybersecurity101
“create network visibility for businesses of any type and size”
Will we see bigger companies with bigger contracts that lead to more money?
SideChannel Enclave Introduces Asset Inventory to Simplify Securing Enterprise Network Infrastructure
Wednesday, August 23, 2023 4:30 PM
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Topic:
Product Announcements
New Asset Inventory module transforms SideChannel Enclave into a network management infrastructure platform; expands functionality beyond microsegmentation.
WORCESTER, MA / ACCESSWIRE / August 23, 2023 / Today, SideChannel, Inc. (OTCQB:SDCH) ("SideChannel"), a leading provider of cybersecurity services and technology to emerging and middle market companies, unveils an integrated summer product release. The company is introducing new functionality to Enclave. In doing so, SideChannel is creating a product ecosystem to unlock growth and create network visibility for businesses of any type and size.
"Enclave now has two integrated modules that are designed to help network managers, regardless of their official title, work smarter by automating asset inventory and relationship mapping," said SideChannel CTO Nick Hnatiw. "We are announcing new functionality all at once because we discovered a significant portion of our clients are challenged to provide an inventory of network assets. They need to start at square one on their journey to establishing a zero-trust environment. Enclave's power lies in its integrated functionality that shortens the path from zero to zero-trust networking. We have purpose-built a network infrastructure management platform that combines information technology fundamentals with recognized cybersecurity frameworks."
The vast majority of network infrastructure teams use multiple products to manage and secure corporate assets, the enterprise network and permission staff and resources.
Regardless of the combination of products used, the new functionality the company announced today can drive meaningful gains for network security at mid-market organizations as they navigate the year ahead.
"In the era of remote work and sophisticated cyber threats, SideChannel Enclave offers a superior, comprehensive solution to secure networking. Its robust security features, access control, real-time visibility, network segmentation, scalability, and user-friendly interface make it a standout choice..." said Oscar Nunez, IT Solutions Architect at Digital Systems Integration; a business and communications solutions provider serving government, education, and non-profit organizations in Central Florida.
Remote work tops Gartner's list of threats in "Top Trends in Cybersecurity for 2022." Gartner's report called the expansion of the attack surface that came with remote work and the increased use of a public cloud, a major area of cybersecurity concern. Misconfigured VPNs, overlooked servers and unsecured endpoints are the origin points of many breaches; including 2021's most newsworthy Colonial Pipeline attack which brought supply chains across the U.S. to a halt.
Enclave's new Asset Inventory module brings every network asset into view regardless of where it resides in the network. Visibility is key because it reduces the chance neglected assets become an entry point for bad actors. The Microsegmentation module minimizes the impact of a compromised asset on the enterprise network.
Full feature list below:
Tools for Increased Security
Cybersecurity continues to be at the heart of Enclave. The new vulnerability detection and tagging features strengthen an already strong web-based network management tool.
Asset Discovery: Detect unknown assets sitting on the network
Enhanced Visibility: Gain insights into unused or underused assets, helping in optimization and finding potential cost savings.
Track and Manage Assets: Monitor all the devices and applications within the network, categorizing and sorting them according to your policies and privilege levels.
Real-Time Vulnerability Scanning: Continuous network scanning identifies and tags potential vulnerabilities and points to their exact location.
Prioritization and Management: Categorize vulnerabilities based on CVSS severity scores and potential impact, allowing for targeted remediation.
Integration with Other Tools: Seamlessly integrate with existing security solutions to create a multi-layered defense system.
Built with frameworks in mind: Implementing the full Enclave suite satisfies 35 CIS v8 Controls. CIS Controls are a set of actions published by the Center for Internet Security, a national organization comprised of government agencies, companies and associations that advance cybersecurity readiness and response for public and private sector enterprises.
Tools for Automating Network Operations
Done for you: Enclave is fully managed. Implementation is as simple as installing an agent.
Align with policy changes on the fly: Making changes is as easy sending an email or dragging and dropping for the DIY-er on your team.
Visual Mapping: Generate real-time visual maps of how information is flowing within the network, identifying bottlenecks or insecure paths.
Collaboration and Planning: Easily share accurate diagrams with different teams, aiding in coordinated planning and response.
Tools for Compliance & Security Questionnaires
Compliance and Reporting: Maintain compliance by having a detailed inventory that can be leveraged for audits and reporting.
###
ABOUT SIDECHANNEL
SideChannel helps emerging and mid-market companies protect their assets. Founded in 2019, the company delivers comprehensive cybersecurity plans through a series of actions branded, SideChannel Complete.
SideChannel deploys a combination of skilled and experienced talent, and technological tools to offer layered defense strategies supported by battle-tested processes. SideChannel also offers Enclave; a network infrastructure platform that eases the journey from zero to zero-trust. Learn more at sidechannel.com.
Investors and shareholders are encouraged to receive to press releases and industry updates by subscribing to the investor email newsletter and following SideChannel on X and LinkedIn.
SideChannel
146 Main Street
New features released today in Enclave. New Asset Inventory module transforms SideChannel Enclave into a network management infrastructure platform; expands functionality beyond microsegmentation.
https://www.accesswire.com/viewarticle.aspx?id=776397
https://www.linkedin.com/posts/brianhaugli_cybersecurity-cisolife-cybersecurity-activity-7099139535728467968-KTJS?utm_source=share&utm_medium=member_android
Episode 4, these are really well received. Brian doubled if not tripled his followers
Should one assume that we will be looking at a reverse soon to get this little beast unlisted to a better exchange to bring some realistic share price numbers around? Obviously we won't see higher numbers that are required for uplisting anytime soon.
Might anyone tell me what happened to Miguel San Mateo? Up until July of this year he was an Executive VP with SideChannel, and prior to that he earned Partner. No news of his departure, but clearly he is no longer a part of the company. He started as a consultant in February of 2023.
I agree with Brian that these videos are getting the company noticed. Some of the replies are even calling him coach Brian. The goal is to get you name recognition and more eyes looking at videos the better.
Thanks for keeping an eye on us here. Always love your input. Keep up the great work.
These are part of a marketing initiative via social media. I can tell you that the wider the audience is aware of you, the more business you get. That first post alone has over 100k impressions on LinkedIn. For that platform, that's a lot. Goal is to create awareness, some funny, some serious (like most of our content out).
Thanks for the continued support!
On the other hand maybe Brian works so hard, it's unbelievable.
Not sure why Brian wastes time doing these ..... they are entertaining but are they bringing in business? I want to see this things start to triple in share price and we are going to need much more from this team in order to realize that. Products are solid. Business plan is solid...let's quadruple sales for a few quarters!!!!!
Read the 10Q today.
Some important numbers.
62,000,000
212,000,000
Shares outstanding increase of better than threefold from March 2022 to current.
4,000,000 non-assessable shares, gifted to Paulson for their role as placement agent (nice work if you can get it).
Incidentally, Paulson Company also acted as placement agent for another Cipherloc offering, back in 2018. That one was for close to $20M, with shares offered at $1.00.
Scoreboard:
Paulson’s best clients are down over 90% on the first offering.
As for the April 2021 offering, Paulson clients are down close to 70%.
But Paulson Co is doing fine. I’m sure they are on the offer, peddling their gratis shares. Of course I could be wrong, but where else is this paper coming from since this stock has an otherwise tight float.
But rest assured, if the SdCh principals and Paulson clients look to cash in on their shares, the stock needs to climb north of .18cents.
Back to the business….
Balance sheet looks good. Management is executing.
Excellent CC Brian. Things sure are headed in the right direction. One more quarter like this and we should start to see the share price going up up up. Thanks for being so transparent. Looking forward to more and more success.
Thanks! I did that interview a while ago when the law was proposed. Looks like it's making waves in Montana.
https://www.fox5dc.com/news/two-us-tech-groups-side-with-tiktok-in-lawsuit-against-montanas-ban
Bona fide expert chimes in. . .
As of August 2, 2023, the registrant had [213,554,342] shares of common stock outstanding.
August 9, 2023 9:20 AM
SideChannel Reports Quarterly Revenue Growth of 37%
Financial results conference call on Wednesday, August 9 @ 4:30 p.m. EST
WORCESTER, MA / ACCESSWIRE / August 9, 2023 / SideChannel, Inc. (OTCQB:SDCH) ("SideChannel"), a leading provider of cybersecurity services and technology to emerging and middle market companies, today announced its financial results for the three months and nine months ended June 30, 2023.
Third Quarter 2023 Highlights
Revenue of $1.8 million; up 37.1% versus the third quarter of 2022
Sequential quarter growth of $133,000 or 8.2%
Gross margin of 49.9% versus 45.6% for the second quarter of 2023 and 44.0% in the third quarter of 2022
Net loss of $0.7 million or less than $0.01 per share (includes $214,000 in non-recurring, non-cash business combination related expense)
Trailing twelve-month revenue reaches $6.1 million as of June 30, 2023
Revenue retention was 70.8% for the twelve months ended June 30, 2023
Cash of $1.4 million as of June 30, 2023; cash used in operations during the quarter of $432,000
Operating expenses were flat sequentially from the second quarter of 2023; however, operating expenses decreased $241,000 compared to the second quarter of 2023 excluding the non-recurring, non-cash business combination related expense
Management Comments
Commenting on the fiscal third quarter ended June 30, 2023, Brian Haugli, President and Chief Executive Officer of SideChannel said, "our team continues to successfully execute our strategy, and I am pleased to see that reflected in our income statement - revenue growth, gross margin increases, and decreased operating expenses. We continue adapting our service offering to reflect the evolving needs of our clients, and the growing capabilities of our cybersecurity professionals."
"Like most companies, we are paying more attention to the risks and opportunities that the current macro-economic uncertainties present SideChannel and our clients. The Begin, Balance, and Beyond plans offered through SideChannel Complete, address the needs of companies across a range of risk management maturity levels as well as differing client budgets for cybersecurity risk mitigation. Since the announcement on June 27, we have increased communication about SideChannel Complete options available to the emerging and mid-market companies that we have designed these options to serve," said Haugli.
Financial Outlook for Fiscal 2023
The Company reiterates its financial outlook expected for fiscal year 2023 as follows:
Revenue ranging from $6.3 million to $6.5 million
Gross margin ranging from 50.0% to 52.0%
Operating losses to be lower in the second half of the year compared to the first half
Conference Call Information
CALL INFORMATION
Date: Wednesday, August 9, 2023 at 4:30 pm EDT
Dial In: Toll Free: 877-545-0523
International: 973-528-0016
Participant Access Code: 157177
A webcast of the call will also be available: https://www.webcaster4.com/Webcast/Page/2071/48675
The call will include management remarks and a Q&A session comprised of live questions and questions submitted in advance to ir@sidechannel.com no later than 4:00 pm Eastern Time on Monday. The conference call host will provide participants with instructions for joining the queue to asks questions at the conclusion of management remarks.
Third Quarter 2023 Review
The third quarter Form 10-Q is accessible in its entirety at https://investors.sidechannel.com/sec-filings.
Change Change
6/30/2023 6/30/2022 $ % 3/31/2023 $ %
Revenue
$ 1,750 $ 1,276 $ 474 37.1% $ 1,617 $ 133 8.2%
Gross profit
874 562 312 55.5% 737 137 18.6%
Gross margin
49.9 % 44.0 % 45.6 %
Operating expenses
1,354 457 897 196.3 % 1,595 (241 ) -15.1 %
Business Combination related costs
214 - 214 - 214
Operating income (loss)
(694 ) 105 (799 ) (858 ) 164
Net loss
(679 ) (88 ) (591 ) (856 ) 177
Net income (loss) per common share
$ (0.00 ) $ (0.00 ) $ (0.00 ) $ (0.01 ) $ 0.00
Weighted average common shares outstanding - basic and diluted
189,435,933 62,016,618 148,928,663
As of As of
June 30, September 30,
2023
2022
Cash
$ 1,446 $ 3,030
Current Assets
2,662 4,142
Current Liabilities
1,121 1,161
About SideChannel
SideChannel, founded in 2019, creates top-tier cybersecurity programs and services for emerging and mid-market companies to help protect their assets. SideChannel employs a combination of skilled and experienced talent, technology tools, and production-tested processes to offer a complete program. SideChannel also offers Enclave; a network microsegmentation solution that simplifies securing a network in a zero-trust model. Learn more at sidechannel.com.
Interested investors and stockholders are encouraged to sign up for press releases and industry updates by registering for Email Alerts at www.sidechannel.com/news/newsletter-sign-up/ and by following SideChannel on Twitter and LinkedIn.
SideChannel
146 Main Street
Suite 405
Worcester, MA 01608
Investor Contact
Ryan Polk
ir@sidechannel.com
Forward-Looking Statements
This press release may contain forward-looking statements, including information about management's view of SideChannel's future expectations, plans and prospects, subject to the safe harbor provisions under The Private Securities Litigation Reform Act of 1995 (the "Act"). In particular, when used in the preceding discussion, the words "believes", "hopes", "expects", "intends", "plans", "anticipates", "potential", "could", "should " or "may", and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act and otherwise. Any statements made in this news release other than those of historical fact, about an action, event or development, are forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors, which may cause the results of SideChannel to be materially different than those expressed or implied in such statements. These risk factors include, but are not limited to, our ability to integrate the operations of the acquired company into our company; that we have incurred net losses since inception, our need for additional funding, the substantial doubt about our ability to continue as a going concern, and the terms of any future funding we raise; our dependence on current management and our ability to attract and retain qualified employees; competition for our products; our ability to develop and successfully introduce new products, improve current products and innovate; unpredictability in our operating results; our ability to retain existing licensees and add new licensees; our ability to manage our growth; our ability to protect our intellectual property (IP), enforce our IP rights and defend against claims that we infringed on the IP of others; the risk associated with the concentration of our cash in one financial institution at levels above the amount protected by FDIC insurance; and other risk factors included from time to time in documents we file with the Securities and Exchange Commission, including, but not limited to, our Forms 10-K, 10-Q and 8-K. These reports are available at www.sec.gov . Other unknown or unpredictable factors also could have material adverse effects on SideChannel's future results. Further, factors that we do not presently deem material as of the date of this release may become material in the future. The forward-looking statements included in this press release are made only as of the date hereof. SideChannel cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, SideChannel undertakes no obligation to update these forward-looking statements after the date of this release, except as required by law, nor any obligation to update or correct information prepared by third parties.
SOURCE: SideChannel
View source version on accesswire.com:
https://www.accesswire.com/772748/SideChannel-Reports-Quarterly-Revenue-Growth-of-37
SideChannel Reports Quarterly Revenue Growth of 37%
Financial results conference call on Wednesday, August 9 @ 4:30 p.m. EST
WORCESTER, MA, August 9, 2023 – SideChannel, Inc. (OTCQB:SDCH) ("SideChannel"), a leading provider of cybersecurity services and technology to emerging and middle market companies, today announced its financial results for the three months and nine months ended June 30, 2023.
Third Quarter 2023 Highlights
Revenue of $1.8 million; up 37.1% versus the third quarter of 2022
….
Time will tell 22rover, Time will tell.
Love your enthusiasm!!!!!!
Looking forward to tomorrow's call.
This is precisely how you scale a business: a tiered service model with different pricing levels.
Well done, Side Channel!
I may be a bit bullish, but I believe full year revenues will approach $10 million. At the current valuation the stock is trading roughly 1.5X revenues, a ridiculously low valuation given growth and accelerated SMB adoption (related to new SEC rules) coming down the pike.
SDCH is a $50 million company masquerading as an OTC ne’er-do-well.
I’m looking forward to Wednesday’s CC.
Good luck and do your due diligence. Let us know what you think!
New page on tge website "Canada ciso"
https://www.linkedin.com/posts/brianhaugli_cisolife-sec-final-rule-on-cybersecurity-activity-7091785320270082051-r1U-?utm_source=share&utm_medium=member_android
Everyone should subscribe to Brian's "cisolife" youtube
Brian is fresh off of a 2 week vacation. I hope everyone else worked hard while he was gone. But anyone that is a ceo or owner knows it's never really a vacation. Welcome back Brian.
Candy, this was an excellent video conversation
Our CEO testified before the Massachusetts house on cybersecurity
SideChannel, Inc. to Report Fiscal Third Quarter 2023 Financial Results & Provide Corporate Update
Conference call & webcast on August 9, 2023 at 4:30 pm ET
WORCESTER, MA / ACCESSWIRE / July 25, 2023 / SideChannel, Inc. (OTCQB:SDCH) ("SideChannel"), a provider of cybersecurity services and technology to middle market companies, announced it will release its financial results for the quarter ended June 30, 2023 before the market opens on Wednesday, August 9, 2023.
The company will discuss the results on a conference call and webcast at 4:30 pm Eastern Daylight Time on August 9, 2023.
CALL INFORMATION
Date: Wednesday, August 9, 2023 at 4:30 pm EDT
Dial In: Toll Free: 877-545-0523 International: 973-528-0016
Participant Access Code: 157177
A webcast of the call will also be available: https://www.webcaster4.com/Webcast/Page/2071/48675
The call will include management remarks and a Q&A session comprised of questions submitted in advance and during the meeting. Advance questions may be submitted to ir@sidechannel.com no later than 4:00 pm Eastern Time on Monday.
About SideChannel
SideChannel, founded in 2019, creates top-tier cybersecurity programs for mid-market companies to help protect their assets. SideChannel employs a combination of skilled and experienced talent, technology tools, and battle-tested processes to offer a complete program. SideChannel also offers Enclave; a network microsegmentation solution that simplifies securing a network in a zero-trust model. Learn more at sidechannel.com.
Interested investors and shareholders are encouraged to sign up for press releases and industry updates by registering for Email Alerts at and by following SideChannel on Twitter and LinkedIn.
SideChannel
146 Main Street Suite 405 Worcester, MA 01608
Investor Contact
Investor Relations IR@sidechannel.com
Business Description: SideChannel, Inc. (the “Company” or “SideChannel”). Effective July 5, 2022, the Company changed its name to “SideChannel, Inc.” following its acquisition of SideChannel, Inc., a Massachusetts corporation, on July 1, 2022. SideChannel is committed to creating top-tier cybersecurity programs for mid-market companies to help them protect their assets.
Our mission is to make cybersecurity easy and accessible for mid-market companies, a market that we believe is currently underserved. We believe that our cybersecurity offerings will identify and develop cybersecurity, privacy and risk management solutions for our customers. We anticipate that our target customers will continue to need cost effective security solutions. We intend to provide more tech-enabled services to address the needs of our customers, including third-party risk management, due diligence, privacy, threat intelligence, and managed end-point security solutions. To supplement our legacy licensing program, we are building our own applications that we intend to sell directly to enterprises and managed security service providers. Enclave our first internally launched product, is designed to be an easy-to-use platform for organizations that are seeking to control communication between devices; and to fully encrypt traffic between those devices. Enclave is designed to provide a simple and cost-effective solution for multiple devices, as compared to current complex cost-prohibitive solutions, which we believe require technical personnel to operate. Enclave is designed to make microsegmentation available to everyone at a low cost, and with minimum technical administration.
IR Page: https://investors.sidechannel.com/
IR Email: ir@sidechannel.com
DIRECTORS, EXECUTIVE OFFICERS, AND CORPORATE GOVERNANCE
The CEO, directors, and officers of the Company will hold office until additional members or officers are duly elected. The background and principal occupations of the directors and officers of the Company are as follows:
Debbie MacConnel, Chairwoman of the Board, Independent Director, has been involved in the computer industry for 34 years, retiring recently from the IBM Corporation after 28 years. Prior to her retirement, Ms. MacConnel was instrumental in transforming information technology for IBM’s human resources function, which supported up to 450,000 employees. Ms. MacConnel’s team at IBM was also responsible for transforming the succession planning process for executive selection and promotion, along with enhancing the processes for mergers and acquisition management and talent acquisition. Ms. MacConnel qualifies as an independent member of the Company’s Board of Directors. LinkedIn bio: https://www.linkedin.com/in/debbie-macconnel/
Brian Haugli, Director, President & Chief Executive Officer, has been the CEO of SideChannel since September 2017. Since October 2020, Mr. Haugli has been the founder of RealCISO, a cybersecurity risk assessment SaaS platform, and has been the creator and host of #CISOlife YouTube and Podcast since August 2019. Mr. Haugli was an Adjunct Professor at Boston College from June 2020 through January 2022, an advisor to Zscaler from September 2019 to 2020, and worked for the Hanover Group from May 2015 to April 2019, most recently as VP, Chief Security Officer. LinkedIn bio: https://www.linkedin.com/in/brianhaugli/
Ryan Polk, Chief Financial Officer, brings more than 25 years of experience in executive and financial roles at companies ranging from emerging growth to the Fortune 500. Mr. Polk has been the principal of Perissos Partners, an executive consulting firm, since June 2017. While at Perissos, Mr. Polk served in CFO roles at Generation Next and Cellpoint Corporation. From July 2011 to May 2017, Mr. Polk served in executive roles in the portfolio companies owned by Lacy Diversified, a family office based in Indianapolis, IN which actively managed investments in distribution, light manufacturing, and supply chain management with combined revenue approaching $2 billion. He also led the mergers and acquisition team for Lacy. From August 2008 to June 2011, Mr. Polk served as the Vice President for Corporate Financial Planning and Analysis for Brightpoint, a publicly traded, Fortune 500 mobile device logistics company, based in Indianapolis, IN prior to its sale to Ingram Micro. He began his career at Ernst & Young in the firm’s tax consulting group. Mr. Polk earned a Bachelor of Science in Accounting and Industrial Management from Purdue University – Krannert School of Management in 1990. Mr. Polk is also a certified public accountant (inactive). LinkedIn bio: https://www.linkedin.com/in/ryan-polk/
Hugh Regan, Independent Director, recently retired from his role as Secretary, Treasurer and Chief Financial Officer of inTEST Corporation, a publicly traded manufacturer of capital equipment used in the semiconductor industry and other markets, and currently works as a private consultant to businesses, assisting them with various strategic issues. Mr. Regan served in his roles at inTEST for just over 25 years, from April 1996 until June 2021. From 1985 to April 1996, Mr. Regan served in various financial capacities for Value Property Trust, a publicly traded real estate investment trust, including Vice President of Finance from 1989 to September 1995 and Chief Financial Officer from September 1995 until April 1996. Mr. Regan qualifies as an independent member of the Company’s Board of Directors and will serve as the Chairperson of the Company’s Audit Committee. LinkedIn bio: https://www.linkedin.com/in/hugh-regan-50a1201/
Kevin Powers, Independent Director, is the founder and director of the Master of Science in Cybersecurity Policy and Governance Programs at Boston College and is an Assistant Professor of the Practice at Boston College Law School and in Boston College’s Carroll School of Management’s Business Law and Society Department. Mr. Powers is also a Cybersecurity Research Affiliate at the MIT Sloan School of Management, and he has taught courses at the U.S. Naval Academy, where he was also the Deputy General Counsel to the Superintendent. Mr. Powers qualifies as an independent member of the Company’s Board of Directors. LinkedIn bio: https://www.linkedin.com/in/kevin-powers-54893a8/
5/17/22 - 87,560,647
4/3/23 - 149,571,281
11/24/23 - 214,041,082
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