SideChannel Inc (SDCH)

[22rover]

2 years ago
https://www.scmagazine.com/news/ironnet-to-go-public-in-1-2-billion-deal-as-ceo-alexander-warns-of-start-of-digital-arms-race

October 2023
https://siliconangle.com/2023/10/01/network-security-company-ironnet-ceases-operations-two-years-going-public/

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.