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Intrusion Inc - INTZ STOCK NEWS

Welcome to our dedicated news page for Intrusion (Ticker: INTZ), a resource for investors and traders seeking the latest updates and insights on Intrusion.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Intrusion's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Intrusion's position in the market.

News
Intrusion Inc. Announces Private Placement Subscription Agreement
Rhea-AI Summary
Intrusion Inc. announced a private placement subscription agreement, selling 1,348,569 shares of common stock with warrants at an aggregate price of $1.95 per share, resulting in net proceeds of $2.6 million. The company aims to use the funds for working capital and general corporate purposes. CEO Tony Scott highlighted the offering's significance in achieving Nasdaq compliance and supporting growth in cybersecurity solutions.
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Intrusion Inc. Announces Acquisition of Minority Stake in Klever AI
Rhea-AI Summary
Intrusion Inc. announces acquisition of minority stake in Klever AI, a cutting-edge technology company specializing in AI and ML solutions. The strategic investment aims to enhance Intrusion Shield technology and expand customer reach across various industries.
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Intrusion Partner iOne Wins P1.4 Billion Bid for the Commission on Elections Project, Securing National and Local Polls in the Philippines
Rhea-AI Summary
Intrusion Inc. (INTZ) partners with iOne Resources to secure the Commission on Elections project in the Philippines, winning a P1.4 billion bid for the 2025 midterm elections. The partnership aims to enhance cybersecurity with a portfolio of networking and security vendors, including Intrusion, Fortinet, Teltonika, Cisco, Akamai, Starlink, and Dell. The project is expected to be fully operational by November 2024, contributing to earnings in the second half of the year.
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Intrusion Inc. Reports Fourth Quarter and Full Year 2023 Results
Rhea-AI Summary
Intrusion Inc. (NASDAQ:INTZ) reported financial results for Q4 and full year 2023, showing improved EPS, revenue declines, and progress towards Nasdaq compliance. The company's revenue for Q4 was $1.4 million, with a 7% sequential decrease and a 5% decline year-over-year. The gross profit margin improved to 79%, while operating expenses decreased to $3.5 million. The net loss for Q4 was $(2.8) million. For the full year 2023, revenue was $5.6 million, with a gross profit margin of 78% and operating expenses of $16.4 million. The net loss for the full year was $13.9 million. Cash and cash equivalents were $0.1 million as of December 31, 2023, down from $3.0 million in 2022. Intrusion also entered into an exchange agreement to reduce debt and announced a 1-for-20 reverse stock split to regain Nasdaq compliance.
Rhea-AI Impact
Rhea-AI Sentiment
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-8.85%
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Intrusion, Inc. to Announce Fourth Quarter and Full Year 2023 Financial Results on Tuesday, March 26, 2024
Rhea-AI Summary
Intrusion, Inc. (INTZ) will announce its Q4 and full-year 2023 financial results on March 26, 2024. The CEO and CFO will host a conference call to discuss the results. Analysts and investors can join the call via teleconference or webcast. A replay will be available until April 9, 2024.
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End-of-Day
-6.44%
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Intrusion Inc. Announces 1-for-20 Reverse Stock Split & Exchange Agreement of Debt to Preferred Stock
Rhea-AI Summary
Intrusion Inc. (NASDAQ:INTZ) announced a 1-for-20 reverse stock split to comply with Nasdaq listing requirements. The Company also entered into an exchange agreement with Streeterville Capital, The reverse stock split will be effective on March 22, 2024, increasing the price per share.
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16.95%
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Intrusion Announces Customer Wins in the Philippines
Rhea-AI Summary
Intrusion, Inc. (NASDAQ:INTZ) has announced the expansion of its Intrusion Shield SaaS services in the Philippines, with recent first quarter customer agreements in various sectors, including natural gas exploration and development, water utilities, and the government sector. The company's CEO, Tony Scott, expressed excitement about these new customer agreements and highlighted the increasing need for cybersecurity solutions to protect critical infrastructure from cyber attackers. Intrusion continues to gain traction with its go-to-market strategy, focusing on providing cost-effective SaaS cybersecurity solutions for enterprises.
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-5%
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Intrusion’s CEO Issues Letter to Shareholders
Rhea-AI Summary
Intrusion, Inc. (INTZ) President & CEO, Tony Scott, issued a letter to shareholders detailing the company's milestones, legal issues resolution, capital-raising struggles, NASDAQ compliance, sales pipeline, and future plans. Fiscal 2023 saw a $5 million award, increased bookings, and resolved legal issues. However, the failed capital-raising activities led to a private offering and a note purchase agreement. The company also faces delisting from NASDAQ due to non-compliance with listing requirements. The company is considering a reverse stock split and debt conversion to regain compliance. Despite challenges, the company is optimistic about its sales pipeline and government spending decisions.
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-11.54%
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Intrusion Announces Participation in The Microcap Conference
Rhea-AI Summary
Intrusion, Inc (INTZ) will be participating in The Microcap Conference from January 30 to February 1, 2024, at Caesars Atlantic City Hotel & Casino. CEO Tony Scott and CFO Kimberly Pinson will be presenting and conducting investor meetings. Interested parties can register to attend the conference.
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Intrusion, Inc. Reports Third Quarter 2023 Results
Rhea-AI Summary
Intrusion Inc. (NASDAQ:INTZ) announced improved third-quarter financial results, including an increase in EPS and the award of a $5 million agreement with a large telecommunications company for Intrusion Shield support. The company also announced a Securities Purchase Agreement through a Private Offering, resulting in net proceeds of approximately $2.4 million. The third-quarter financial results showed a decrease in revenue, a significant increase in gross profit margin, a decrease in operating expenses, and a net loss. The company's management will host a conference call to discuss these results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-22.64%
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earnings
Stock INTZ logo
Intrusion Inc

Nasdaq:INTZ

INTZ Rankings

N/A Ranked by Market Cap
N/A Ranked by Stock Gains
N/A Ranked by Dividends

INTZ Stock Data

5.66M
1.32M
31.63%
4.25%
1.51%
Data Processing, Hosting, and Related Services
Information
Link
United States
Plano

About INTZ

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