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I appreciate your opinion. I guess I question it because of what the criminal did to us. I will get back in my closet and stop with the pouting.
Yes, a ridiculous statement IMO……
“Like I've pointed out before, my other assets aren't up for grabs. I have a house and property in upstate NY that I've owned for 18+ years. It's increased in value since we bought it. Should I sell that to SideChannel too?”
Never lose sight of the fact that those here are indeed shareholders of the company that you are CEO of.
#couldhavebeenleftout
Well as a major shareholder I still think that we got screwed to some extent. I was a huge supporter of Cipherloc and got screwed. I also am down approximately a smooth $500K. I have warrants sitting in the closet laughing at me every morning when I get dressed.
I am more than appreciative of the boys that saved us and for Brian for taking his company public via our disaster. However I can’t help to think where our share price would be with RealCISO as a piece of our company. Instead we have to see it listed on the website as a product offering from a separate company that Brian and Nick apparently spun off before reverse mergering into Cipherloc. To add more insult we are paying RealCISO.
I fight every day trying to not be upset about it. But nonetheless, we are still viable and hopefully will someday get out of the single digit stock prices.
I have bought and bought and bought so that I could average down to a number that I thought I’d be able to someday be happy about.
As a final thought, I do believe this company is a “WHEN” and not an “IF” and I just hope that the WHEN happens before I lose my ability to golf.
#justbeinghonest
#somedaysoon
#pebblebeachiscallingmyname
#onecanonlyhope
My question was would it be better suited for all including Brian and Nick if it was a part of SideChannel? Obviously they both own primary shares of both. But only one of them is publicly traded. Would the extra revenue push SideChannel stock price making both of them richer? At least on paper? It's a legitimate question in my book.
The tutorial was in fact great. But what blew me away was how smart Brian AND Nick are. Pretty amazing and I will say once again, it’s not IF we will see a larger share price it is WHEN??
This company will definitely sustain and will definitely grow. Just how long that will take is uncertain at this time.
Maybe Brian can address this question on 10-10 during the CC.
I still don’t understand why this is not part of Sidechannel. Wouldn’t it increase the value of the company and the share price? The owners of this company hold millions of shares of Sidechannel. Wouldn’t it make sense to increase the share price by merging the two companies? I’m lost here, someone clarify this for me please. I’ve asked Brian and his answer just didn’t make me happy. Anyone?
https://www.linkedin.com/posts/realciso-io_where-are-realciso-vciso-platform-users-activity-7249044858441469954-cSjj?utm_source=share&utm_medium=member_ios
Investor Relations Newsletter
for Current and Prospective Shareholders of SDCH
Fiscal Year-End Update and Invitation to Enclave Demo on 10/10 at 4:30pm ET
As we close out another fiscal year on September 30th, I’m pleased to report that SideChannel (SDCH) has continued to perform well, driving growth and delivering on our commitment to provide innovative cybersecurity solutions.
Our flagship product, Enclave, has played a pivotal role in our success, offering cutting-edge zero-trust network security to businesses of all sizes. We are excited about the potential it holds for further market expansion and client engagement.
I would like to personally invite you to join an exclusive demo of Enclave, where we’ll showcase its powerful capabilities and the value it brings to organizations. It’s a great opportunity to see firsthand how SideChannel is setting the standard for cybersecurity.
Thank you for your continued support and partnership.
Mark your calendar and join us - 10/10/2024 at 4:30pm ET
Join Zoom Meeting
https://sidechannel.zoom.us/j/88408058404?pwd=3OeoblWX0rbyg8blNAeLcBVajdwNNy.1&from=addon
Meeting ID: 884 0805 8404
Passcode: 817934
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SideChannel, Inc., 146 Main St, Suite 406, Worcester, MA 01608, US, (OTCQB: SDCH)
500,000 traded and price goes down. Not good.
“This new practice is expected to generate significant incremental revenue in the next fiscal year , as SideChannel continues to grow its footprint in the cybersecurity market and deliver additional value to its clients by addressing critical gaps in cloud security.”
ACCESSWIRE
Dutch Schwartz Joins SideChannel to Lead the Company’s New Cloud Security and Architecture Practice
SideChannel, Inc.
Mon, Sep 9, 2024 at 9:00 AM EDT3 min read
In This Article:
SDCH
-0.44%
WORCESTER, MA / ACCESSWIRE / September 9, 2024 / SideChannel, a leading provider of comprehensive cybersecurity solutions, is excited to announce the appointment of Dutch Schwartz as Vice President of Cloud Services, where he will spearhead the Cloud Security and Architecture practice. Schwartz brings a wealth of experience in cybersecurity, having most recently served as a Principal Security Specialist at AWS. He has an extensive background partnering with CISOs across complex global accounts to develop and execute cybersecurity strategies that deliver business value.
With an impressive track record, Schwartz has exceeded quotas greater than $100 million, led teams of over 100 members, created and delivered global training for 60,000 team members, and developed marketing strategies that have generated more than $300 million in revenue. His experience spans various industries, including global financial services, media and entertainment, energy, software, healthcare and life sciences, retail, and manufacturing.
"I'm thrilled to join SideChannel and lead the cloud security and architecture practice," said Schwartz. "With the rapid advancement of technology and the increasing threat landscape, it's crucial for businesses to have robust, scalable cloud security strategies. I'm excited to leverage my experience to help our clients navigate these challenges and build resilient, secure cloud environments."
Schwartz holds an MBA and cybersecurity certificates from MIT Sloan School of Management and Harvard University, as well as the AI Program from Oxford University. He is the author of "Securing Generative AI: Applying Relevant Security Controls," which explores the intersection of AI and cybersecurity.
Brian Haugli, CEO of SideChannel, expressed his enthusiasm for Schwartz's appointment: "We are thrilled to welcome Dutch Schwartz to our team. His extensive experience in cloud security and his ability to develop high-performance cultures will be invaluable as we continue to expand our cloud security and architecture practice. Dutch's strategic insights and deep understanding of cybersecurity will greatly benefit our clients and further strengthen our position as a leader in cybersecurity solutions."
In his role, Schwartz will focus on driving innovation within SideChannel's newly established cloud security and architecture practice , a key strategic initiative designed to enhance the company's service offerings. By expanding into cloud security, SideChannel aims to meet the growing demand for cloud-native solutions and infrastructure protection in today's rapidly evolving digital landscape. Schwartz will lead efforts to develop cutting-edge strategies that address emerging threats, improve security posture, and help clients build secure, scalable cloud infrastructures. This new practice is expected to generate significant incremental revenue in the next fiscal year , as SideChannel continues to grow its footprint in the cybersecurity market and deliver additional value to its clients by addressing critical gaps in cloud security.
By launching this practice, SideChannel positions itself as a comprehensive partner for organizations needing holistic cybersecurity solutions, further driving business growth and client success.
About SideChannel
SideChannel helps emerging and mid-market companies protect their assets. Founded in 2019, we deliver 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.
You may contact us at:
SideChannel
146 Main Street, Suite 405
Worcester, MA 01608
info@sidechannel.com
Forward-Looking S
Trickle Research
3QF24 Earnings Update - SideChannel, Inc. (SDCH)
Dear Trickle Subscriber/Reader:
We have published an earnings update for SideChannel, Inc. The update is available through your login on our site: www.trickleresearch.com . If you have a problem with your login, please let me know and I will help you.
Here is an excerpt from the update:
In our view, management has done yeoman’s work driving down the expenses of the business to preserve cash and avoid added dilution. ... the fact that they have managed to continue to grow revenues and commercialize Enclave in the face of driving down expenses is impressive. ...we remain constructive on what we view as management’s considerable experience and knowledge of the cybersecurity space, as well as its ability to manage the business. As such we reiterate our allocation of 5 as well as our 12-24 month price target of $.23 as we think the next 12 months should provide improving positive visibility.
Thank you for your continued support of my platform. -dl
Brian, I had a question at the CC but I also had a house full of Grandkids. Question, it seems we are only landing smaller contracts. Do we see a day when we will be securing larger companies and larger contracts with higher revenue? Government contracts possibly? Also are we going to expand the sales force now that we have someone solid in that area to train employees? We all know this company under your control is going to survive, that I believe in. But some of us are getting to an age where we would like to see a return on our investment before it’s to late…lol. Not complaining, just wishing for quicker growth and a higher share price some day sooner than later.
?
Investor Relations Newsletter
for Current and Prospective Shareholders of SDCH
Continued Growth
SideChannel Inc. is showing signs of positive momentum and growth as highlighted during their Q3 2024 earnings call.
Key points from the call include:
1. Client Growth and Market Position: SideChannel has seen growth in both their existing and new client base, with clients continuing to view them as trusted advisors. The company is well-positioned in the market, particularly with their vCISO services, which are becoming increasingly popular among small and cloud-enabled companies.
2. Financial Performance: SideChannel has achieved positive cash flow for two consecutive quarters, a significant milestone for the company. The CFO, Ryan Polk, noted the success in reducing the gap between net loss and non-cash expenses, which was only $58,000 for the first nine months of FY 2024, down from $1.4 million a year ago.
3. Deferred Revenue: The company has experienced growth in deferred revenue, largely driven by an increase in selling third-party software and services with annual licenses. However, this has introduced some seasonality to their cash flow, which may result in lower cash balances in the next two quarters.
4. Strategic Focus on Enclave: The company is optimistic about the potential of its proprietary software, Enclave, which is positioned as a key component of zero-trust strategies. There is growing interest and proof-of-concept engagements with clients, indicating a promising future for this product.
5. Operational Efficiency: SideChannel has made significant operational improvements, cutting costs while still managing to grow revenue. These efforts have transformed the company into a positive cash flow entity, which is a major turnaround from its pre-July 2022 state.
6. Long-term Progress: The company has successfully navigated a challenging post-merger environment, evolving from a situation where it might have only survived a few more months without raising capital, to now being a sustainable and growing business.
Overall, SideChannel is progressing well, with strong client retention, strategic product positioning, and improved financial health, setting the stage for future growth.
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SideChannel, Inc., 146 Main St, Suite 406, Worcester, MA 01608, US, (OTCQB: SDCH)
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Brian and Ryan were both very positive about the future of the company. It's not IF anymore....its WHEN. I just hope I live long enough to enjoy some of this investment. Thanks Brian
Some late afternoon interest
Wondering if you have any further input Brian???
Solid report. However I don’t see this to make an argument for a higher share price. This is going to be a long ride unless they have something up their sleeve. I’d love to hear other people’s opinions about the immediate future of our share price.
OTC DISCLOSURE & NEWS SERVICE
SideChannel Strengthens Leadership Team with Key Promotions and New Hires
Press Release | 07/25/2024
WORCESTER, MA / ACCESSWIRE / July 25, 2024 / SideChannel, Inc. (OTCQB:SDCH) ("SideChannel"), a leading provider of cybersecurity services and technology to emerging and middle market companies, today announced the promotion of Matt Klein to Chief Operating Officer (COO) and the addition of David Barton as the new Vice President of Product. These strategic moves are aimed at bolstering the company's growth and success by further strengthening its leadership team.
Matt Klein Promoted to COO
In his new role as COO, Matt Klein will be responsible for growing SideChannel's delivery and services team, ensuring the company continues to meet the increasing demand for its comprehensive cybersecurity solutions. Reporting directly to SideChannel's CEO Brian Haugli, Matt's leadership will be crucial in driving operational excellence and enhancing client satisfaction.
David Barton Joins as VP of Product
SideChannel is also pleased to welcome David Barton as the new Vice President of Product, also reporting to Haugli. David will focus on driving sales of SideChannel's Enclave solution, a zero-trust network microsegmentation software product. His expertise in product management and sales will be pivotal in expanding the market presence of Enclave and advancing SideChannel's position as a leader in the cybersecurity industry.
Haugli expressed his enthusiasm for the new appointments, stating, "We are thrilled to promote Matt Klein to COO and welcome David Barton to our team. Matt has been an invaluable asset to SideChannel, and his promotion is a testament to his dedication and exceptional leadership. We are equally excited to have David onboard. His extensive experience and vision for product growth will be instrumental as we continue to innovate and deliver top-tier cybersecurity solutions to our clients."
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.
You may contact us at:
SideChannel
146 Main Street, Suite 405
Worcester, MA 01608
Looking for an upstart cyber company to invest in.... sdch
Well I keep hoping that something huge happens here but who knows. Some kind of merger or acquisition? It's gonna be tough waiting for 2 more years for this share price to move. I'm getting old ....lol
Sounds like he might be going to work for another cyber company. No big deal
Tough couple days of sell offs
Somebody obviously got tired of waiting. 1.2 million shares worth of tired.
Small potato's..... I cant wait until this actually gets moving.
#retirementplan
Note from Brian Haugli
CEO, SideChannel
SideChannel is thrilled to welcome David Menichello to the sales team as our VP of Partnerships. In this role, David will focus on expanding our growing channel and partner network, helping to bring SideChannel's vCISO services and Enclave to a larger market.
David joins us from Netrix, where he led the Security Advisory practice, including offensive security and vCISO programs. With 25 years of experience in Information Security and extensive global expertise in fintech, software, and services, David is poised to drive significant growth and innovation for SideChannel.
Note from Ryan Polk
CFO, SideChannel
We achieved our first quarter of positive cash flow from operations during our second quarter ended March 31, 2024. Our cash balance grew from $819,000 at December 31, 2023 to $851,000 at March 31, 2024.
Consistent revenue growth has been part of this story as have the significant reduction in operating expenses. Our revenue in the first six months of fiscal year 2024 was 16% higher than the first six months of fiscal year 2023. Our operating expenses were $835,000 lower through the first half of fiscal year 2024 compared to the same period in the prior year.
When we have had consecutive quarters with positive cash flow from operations, we will consider incremental investments in selling and marketing capabilities to grow our services business along with our Enclave install base.
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Seriously good stuff in the blog
Can you provide a link to this???