SideChannel, Inc.

SideChannel, Inc. filed a Certificate of Withdrawal of Certificate of Designation of Series A Preferred Stock on July 27, 2026. This action effectively eliminated the Series A preferred stock, as no shares were outstanding at the time. The previously designated shares have been returned to authorized preferred stock, making them available for future designation and issuance by the Company's Board of Directors.

SideChannel, Inc. reported a significant increase in net loss for the three and six months ended March 31, 2026, alongside a substantial decrease in cash and total assets. The company's management has raised substantial doubt about its ability to continue as a going concern due to recurring operating losses, negative cash flows, and limited liquidity. Revenues also declined for both periods compared to the prior year, with vCISO services experiencing a notable decrease.

SideChannel, Inc. announced its financial results for the second quarter of fiscal year 2026, reporting a net loss of $444 thousand, or $0.10 per share, a significant increase from the $54 thousand net loss in the prior year. Revenue for the quarter decreased by 16.8% to $1.6 million. Despite the revenue decline and increased operating expenses due to targeted investments in selling and marketing, the company achieved an improved gross margin of 53.5% and increased trailing twelve-month revenue retention to 66.8%.