Refile: SideChannel Q3 revenue rises 1.2%, net loss narrows
REFILE-SideChannel Q3 revenue rises 1.2%, net loss narrows Adds contact and disclaimer details at end of story
Aug 12 (Reuters) -
Overview
Cybersecurity services provider's fiscal Q3 revenue rose 1.2% yr/yr to $1.8 mln
Gross margin improved to 54.9%, up 790 basis points from prior yr
Net loss narrowed to $134k from $261k in prior yr quarter
Outlook
Company did not provide specific guidance or forecasts for future quarters or the full yr in the press release
Result Drivers
COST DISCIPLINE - Co said operating expenses were cut during the quarter, contributing to higher gross margin
AI INTEGRATION - Co said expanded AI-enabled capabilities and AI-supported workflows increased speed, consistency, and client coverage
PLATFORM ENHANCEMENTS - Co highlighted advances to its Enclave security platform, including asset intelligence and automated certificate management
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue |
| $1.80 mln |
|
Q3 Net Loss |
| $134,000 |
|
Q3 Gross Profit |
| $986,000 |
|
Q3 Operating Income |
| -$135,000 |
|
Reuters Recommended Reads
Aug 11 - Cybersecurity firm Intrusion's Q2 revenue falls 22% yr/yr on government contract delays
Aug 10 - N-Able Q2 revenue slightly beats estimates on AI-powered cybersecurity growth
Aug 10 - Latch Q2 software revenue rises on expanding platform adoption
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(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.)