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& Strategy SideChannel is a cybersecurity advisory services and software company. Our mission is to make cybersecurity simple and accessible for mid-market and emerging companies, a market that we believe is currently underserved.
The business is unprofitable at the operating level (-12.49% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 0.7% YoY. The question is whether this is cyclical or a structural shift.
Free cash flow declined 145% versus the prior year, cash generation momentum has weakened. ROIC dropped from -25.68% to -29.92%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
$7M
▼ -0.7% YoY
Net Income (TTM)
-$1M
▲ +1.3% YoY
Op. Margin
-21.73%
▲ +0.2pp YoY
ROIC
-60.42%
▼ -4.2pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$1M
▼ -144.5% YoY
Op. Cash Flow (TTM)
-$1M
▼ -142.3% YoY
Net Debt
-$264K
Net Cash Position
Cash & Equiv.
$264K
5Y CAGR: +173.6%
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