SideChannel Inc (SDCH)

[22rover]

Realeased, as expected, on the day when the warrant tender offer was completed.

Looked over the 10K carefully. No red flags.

Positives were significant, starting with the NOLs.

For the uninitiated:

What Is Net Operating Loss (NOL)?
A net operating loss (NOL) occurs when a company’s allowable deductions exceed its taxable income within a tax period. The NOL can generally be used to offset a company’s tax payments in other tax periods through an Internal Revenue Service (IRS) tax provision called a loss carryforward.

It's a big deal when you consider SDcH has over $20M in NOLs, which can be used to offset future tax obligations. Now, because there has been a merger (it's complicated tax code), the actual figure might change. I have a phone call in with a soon-to-be retired CPA who will fill me on the amount of NOLs available to sidechannel.

Secondly, sidechannel has a ~$975 monthly lease in Massachusetts. As a shareholder, that is so reassuring. I admire and respect that level of frugality.

Nice quarter, Team side channel! Revs moving towards $7,000,000 and a growth rate close to 40%. Collectively, keep executing. Keep those cyber eyes on the prize.