SideChannel Inc (SDCH)

[vCISO]

First Quarter FY 2024 Highlights



? Revenue of $1.7 million; grew 12.3% versus the first quarter of FY 2023 and 4.6% sequentially.
? Gross margin of 48.7% versus 56.0% in the first quarter of FY 2023 and 51.6% for the fourth quarter of FY 2023.
? Operating expenses decreased $368,000 or 25.0% compared to the first quarter of FY 2023 and $68,000 or 5.8% sequentially.
? Net loss of $246,000 or $0.00 per share.
? Trailing twelve-month revenue reached $6.8 million as of December 31, 2023.
? Revenue retention was 72.7% for the trailing twelve months ended December 31, 2023.
? Cash was $819,000 as of December 31, 2023; cash used in operations during the quarter of $184,000.