Cybersecurity firm SideChannel's FY 2025 revenue dips

Sidechannel

03/12/2025 12:40

Overview

SideChannel FY 2025 revenue fell slightly to $7.4 mln, down from FY 2024

Net loss for FY 2025 improved slightly to $892 thousand from $904 thousand in FY 2024

Company maintained gross margin at 47.7%, equal to FY 2024

Outlook

Company expects growth in services as economic uncertainty stabilizes

SideChannel sees opportunities with Enclave product and partner network

Company anticipates cybersecurity tailwinds from CMMC standards rollout

Result Drivers

ENCLAVE ADOPTION - Co focused on increasing Enclave adoption through awareness of its microsegmentation and network security benefits

PARTNER SALES - Partner-led sales motion advanced as more partners introduced Enclave to their clients

SERVICE PORTFOLIO EXPANSION - Co expanded service offerings beyond core vCISO to meet diverse client needs

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Revenue
$7.35 mln
FY Net Income
-$892,000
FY Gross Profit
$3.50 mln
FY Operating Income
-$918,000


Press Release: ID:nACSJBjD7a

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)