Quarterly ResultAug 12, 2026, 07:38 AM
SideChannel Warns of Going Concern Risk; Q3 Net Loss $(134)K
AI Summary
SideChannel, Inc. reported a net loss of $(134)K for the three months ended June 30, 2026, an improvement from $(261)K in the prior year. However, the company issued a going concern warning, citing recurring operating losses, negative cash flows, and limited liquidity, raising substantial doubt about its ability to continue operations. For the nine months, net loss increased to $(974)K from $(510)K, and cash used in operations significantly rose to $(839)K.
Key Highlights
- Management issued a going concern warning due to recurring losses and negative cash flows.
- Net loss for Q3 2026 was $(134)K, an improvement from $(261)K in Q3 2025.
- Net loss for the nine months ended June 30, 2026, increased to $(974)K from $(510)K.
- Revenue for Q3 2026 slightly increased to $1,797K from $1,776K in Q3 2025.
- Revenue for the nine months ended June 30, 2026, decreased to $5,147K from $5,578K.
- Cash and cash equivalents decreased to $326K as of June 30, 2026, from $1,065K.
- Net cash used in operating activities for nine months surged to $(839)K from $(46)K.
- A 1-for-52 reverse stock split was effective on January 22, 2026.
Price Impact
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