← BackSideChannel, Inc. · Data processing and cloudSDCH
Low riskNext report: Due any day
The short versionA company still losing money with steady sales, with elevated risk.
Watch out for
- About 19 months of cash left at its current burn
- Share count growing 40.8% a year (dilution)
- Losing money
Money moves
- No insider buying or selling in the last 30 days
Facts from SEC filings, not a recommendation.
The business over time
Last 12 quarters, from SEC filings
Sales, Jun '26$1.8M+1.2% vs a year earlier
Sep '23Tap a barJun '26
Last 12 months: $6.9M, down 7.4% from the 12 months before.
Business quality
The checklist Warren Buffett-style investors use. Annual numbers for 2025.- MissReturn on equity 15%+Earns a lot on the money owners have in the business.-39.9%
- PassDebt under half of equityNot relying on borrowed money.No debt reported
- MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-12.1%
- MissProfitable every yearSteady profits, not one good year.1 of 10 years
- MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$130K
- MissShare count not growingNot diluting owners. Falling means buybacks.+179.4% in 3 years
- PassGross margin 40%+Pricing power: sells for well above what it costs to make.47.7%
- Revenue
- $7.4M
- -0.7% vs prior year
- 5-year growth
- +173.6%/yr
- revenue, per year
- Total debt
- None
- 0.00x equity
- Current ratio
- 1.42x
- short-term assets / bills due
From annual reports filed with the SEC. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026- Revenue
- $1.8M
- +1.2% YoY
- EPS
- -$0.03
- vs $0.06
- Op. margin
- -7.5%
- +7.6 pts
- Gross margin
- 54.9%
- +7.9 pts
- Free cash flow
- $15K
- Share count
- +2.8%
- vs a year ago
Insider rating
Last 90 days
No open-market insider buys or sells in the last 90 days.
Weekly insider trendNo trades to chart yet.
Filing buzz
Last 7 days vs normal
0/ 100
- This week
- 0
- Normal week
- 0.5
- vs normal
- 0.0x
SEC filings of any kind. 50 means a normal week.
Share count growthYearly rate, last 3 years
+2.3%Cash runwayAt last year's cash burn
30 monthsDebt to equityLatest balance sheet: debt compared with what owners have
No debt reportedShares outstandingLatest reported
5MNext reportDue any dayEstimated from the same quarter last year
- Results filedMay 12
- Results filedFeb 17
- Results filedDec 3, 2025
- Results filedAug 13, 2025
- Results filedMay 7, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days
No offerings, red flags or new big holders. Clean record.
Insider trades
Open-market buys and sells, last 90 days
No open-market buys or sells in 90 days. Grants and option exercises are left out.
"Owns after" is the insider's holding right after the trade. Pre-planned (10b5-1) sales are set up months ahead, a weaker signal.
Latest filings
Straight from SEC EDGAR
Stock awardAnna Marie SeacatDirector
21,154 shares at $1.91 · $40K
- Now owns 21,154 shares
- Filed 3 days after trade
Stock awardRyan PolkChief Financial Officer
35,574 shares at $2.01 · $72K
- +104% of holdings
- Now owns 69,704 shares
- Filed 2 days after trade
- Also: Shares withheld for taxes
Stock awardBrian Wayne HaugliChief Executive Officer, Director, 10% owner
53,361 shares at $2.01 · $107K
- +104% of holdings
- Now owns 104,554 shares
- Filed 2 days after trade
- Also: Shares withheld for taxes
Stock awardNicholas William HnatiwDirector
10,684 shares at $2.01 · $21K
- +92% of holdings
- Now owns 22,259 shares
- Filed 2 days after trade
- Also: Shares withheld for taxes